Lucid stock (CCIV), T stock (AT&T), and PANW stock (Palo Alto Networks) are stocks that I am watching closely this week. All of these stock charts are at very interesting levels. Why is this? Should you invest in these stocks? Are these stocks to buy now? If you have any comments or questions with my stock analysis and chart analysis, drop me a comment down below!

Key Points:
-CCIV stock is at a very interesting long-term resistance level. With the resurgence of retail investor interest, speculative names such as Lucid could come into favor again, which may push the stock above the resistance level and that’s why I’m watching the stock this week. Also, news of the Rivian valuation may also be helping CCIV stock. However, CCIV stock is a bit risky as we still do not have a product that we are selling at the moment.

-AT&T stock is nearing a long term support level. This stock currently has a 7% dividend, however, because of the proposed deal with Discovery to merge streaming services, that dividend will likely be cut in half to about 3.5%. That is still a very respectable dividend, even though it is much less than investors are yielding at the moment. I believe this was a good, but risky deal for AT&T, and investors need to weigh the pros and cons of the potential new growth potential against the high certainty of the dividend cut.

-Palo Alto Networks stock is a cybersecurity company that will likely have a lot of tailwinds for the next few years, as cyber attacks will likely continue to accelerate against American companies. Even though revenue growth is growing nicely, we are still operating at a net loss which is normally not what I like to see. Fundamentally, we are operating at a 34 Price/Sales ratio, which is quite expensive. However for me, I believe the pros outweigh the cons, for this story. Investors need to weigh the pros and cons to come to their own conclusions.

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Link (1) CCIV stock short interest (YFinance):
https://finance.yahoo.com/quote/CCIV/...

Link (2) CCIV stock positively impacted by Rivian valuation (InvestorPlace):
https://investorplace.com/2021/06/cci...

Link (3) CCIV stock positively impacted by Anchoring effect (Business2Community): https://www.business2community.com/ma...

Link (4) CCIV stock real time trading charts:
https://thestockstudents.com/tradingv...

Link (5) T stock real time trading charts:
https://thestockstudents.com/tradingv...

Link (6) T stock dividend likely getting cut (Kiplingers):
https://www.kiplinger.com/investing/s...

Link (7) T stock impacted by Rule of 3 (Boston Consulting Group):
https://www.bcg.com/publications/1976...

Link (8) Amazon buys MGM (The Verge):
https://www.theverge.com/2021/5/26/22...

Link (9) PANW stock most recent earnings report:
https://investors.paloaltonetworks.co...

Link (10) PANW stock real time trading charts:
https://thestockstudents.com/tradingv...

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Disclosure:
I have a position in T stock, less than 2% of my investment portfolio, and a position in PANW stock, less than 2% of my investment portfolio. I do not have any positions in CCIV stock.
thestockstudents.com/disclaimer

#CCIV #Lucid #PANW #stockmarket