Stocks To Watch – 1/5/2026
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The information provided in this Weekly Stocks to Watch list is for educational and informational purposes only. It should not be considered financial advice, investment recommendations, or a solicitation to buy or sell any securities. Trading and investing involve significant risk, and you should only trade with money you can afford to lose. Always conduct your own research or consult with a licensed financial advisor before making investment decisions.
Brief Overview
Welcome back to this week’s Stocks to Watch!
We hope you had a great new year holiday and are ready to kick off 2026 with a bang! Not too many names reporting earnings this week but we will hear from a couple familiar names with WDFC and TLRY. We’ll also be getting jobs numbers this week so be sure to check out the Fed Calendar below.
Looking back at last week…
Monday: Holiday-Week Sell-Off Begins
In a holiday-shortened session, major U.S. indexes drifted lower to kick off the week. The S&P 500, Dow, and Nasdaq all finished in the red as tech shares led the decline and precious metals pulled back from recent highs. Trading was light, and with little fresh data or earnings on tap, sentiment was subdued.
Tuesday: Santa Rally Doesn’t Show… Yet
Stocks continued to slide as the traditional Santa Claus rally failed to materialize this year. The S&P 500 and Nasdaq both dipped again while gold and silver reversed recent gains. Broader participation was limited, with more declining issues than advancing across major exchanges.
Wednesday: Quiet Trading, Year-End Linger
Mid-week action was quiet, with markets still in year-end mode. Thin volumes and the lack of meaningful catalysts kept major indexes near their earlier levels. Some chip and industrial names offered pockets of strength, but broad market direction stayed flat to down.
Thursday: Markets Closed for New Year’s Day
U.S. markets were closed for the New Year’s Day holiday. With limited trading sessions this week, most participants took a breather as the calendar flipped to 2026.
Friday: Start of 2026 Brings Mixed Moves
On the first trading day of 2026, markets rebounded modestly. The Dow climbed about 0.7%, the S&P 500 edged higher around 0.2%, while the Nasdaq was nearly flat and dipped slightly in late trading. Small-cap stocks showed relative strength, and early-month optimism is tied to rate-cut expectations and fresh positioning at the year’s start.
Key Takeaway:
A very quiet, holiday-compressed week saw markets soften early, missing the typical seasonal rally before bouncing back at the start of 2026. Thin trading and mixed sector leadership dominated, with tech lagging slightly while broader optimism around potential rate cuts and fresh positioning for the year helped stabilize markets by Friday. With key inflation and jobs data on the way next week, investors are starting the year watching macro signals closely.
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Market Brief
S&P 500 ETF (Ticker: SPY) – Daily Chart
Opened last week at: $687.54
Hit a weekly high of: $689.19 Mon 12/29
Hit a weekly low of: $679.82 on Fri 1/2
Closed the week at: $683.17
Last Week…
It was a fairly slow week with the holiday’s eating up a couple days the last 2 weeks and the market was feeling the weight. With the Santa Clause Rally wearing off SPY slipped into a slight pullback falling to a low of $679.82 to kick off the first trading day of the year.
Bullish Perspective
Bulls will want to see SPY pick up momentum with the first full week of the year. Look for a move to the upside to test resistance at $689 for a possible move back up to all time highs at 691.66. If we get a break into blue skies look to targets at $695 and the major $700 psych level.
Bearish Perspective
Bears would like to see SPY remain heavy in the first week for continued downside. Look for support at $681.50 to break to for possible downside targets at $675.87 – 674 – 671. With deeper targets at $667.50 – 661.50 – 652.50 if selling really ramps up.
Charts Provided By: Finviz
Weekly Stocks to Watch
As always, we’ll be heavily focused on our news feeds & scanners for prime opportunities throughout the week.
Exxon Mobil Corp. (Ticker: XOM)
Very interesting to be bullish if $120 can hold. So we will be keeping eyes there for support. Upside targets for short term $123.75 – 126.34. Over this XOM can really reach new heights as all time highs are realized. $130 – 150 Would be strong psychological targets into the coming months. If XOM is trading under $120, we do think there should be strong support at $117. The monthly chart really puts this price over time into perspective, the breakout could be big if this massive bull flag breaks out.
Block Inc. (Ticker: XYZ)
Looks like there may be a move coming for the patient investors. Look for support at $62.5. Weekly pattern is really tightening up. With this support, target upside into $67.5 – 68. If this area breaks to the upside with volume is when the higher targets come into the picture. These targets are $70 – 72.5 – 75 – 80. Over time a move into $87 – 99 is realistic. If $68 rejects strongly and $62.5 loses support watch out as this would confirm a weekly bear flag pattern and bring price down into $60 – 57 minimum.
Boeing Co. (Ticker: BA)
In the midst of a very solid green trend on the weekly chart. Continuation plays could work out well. Over $225 should be looked at as strength and can confirm more upside into $230 – 238 – 240 – 242.5 potentially $250 – 260 in the coming weeks / months of 2026. If BA does dip under $220 would look at $220 – 215 as next support / potential dip entries. If that fails, BA might reset into $210 – 200.
SoFi Technologies Inc. (Ticker: SOFI)
Potential breakout incoming. Keep it simple. Look for support at $27. Target a move into the trigger $28. Look for volume to pick up, if it does SOFI can see a move back into $30 – 31 – 32.73 (ath) in the coming weeks/months of 2026. If $27 does not hold next support is $26 – 25.75. Under that and the $25 should remain a strong psychological support level for SOFI.
First Solar Inc. (Ticker: FSLR)
Getting tight and looking ready for higher upside into $300 supply. A move over $286 is the trigger for $300-306. Potentially new all time highs if strong volume shows up. For a strong risk:reward look towards $270 support. Deeper support for this idea would be $260 range. If $260 cannot hold, maybe there’s a deeper move down.
Moderna Inc. (Ticker: MRNA)
After strong bullish momentum, MRNA retraced down to its 20 SMA Thursday, and closed back above the 20 SMA Friday. Look for a break above $31.50 for upside targets at $33.00 – 35.00 – 38.00. If we get a break under the reversal doji at 29.00 look for downside support targets at $28.32 – 27.50 – 26.16.
Alphabet Inc. (Ticker: GOOG)
Consolidation / flag breakout from Dec 17 – Dec. 31. GOOG broke above the $317.70 level Friday and closed at $315.32. If we get a break again above the consolidation level of $317.20 our first target will be $321.00 the HOD Friday at $322.90 with deeper targets at $324.00 – 326.80, – 327.70 – 328.67 (52wkh). If we get a break below consolidation at $310.50 (back below its 20 SMA) we have short term support targets at $308.65 – 305.50 with longer range at $302.30 – 297.45 (under the 50 SMA).
We have other names on watch and we’ll continue to monitor our breaking news feeds and Stock & Options Scanners to help make the smartest picks with the most potential throughout the week!
Last Week’s Continued Watch
Ideas from last week’s Watchlist that are still relevant this week
Roku Inc. (Ticker: ROKU) “We were looking for a close over $110 and last week ROKU closed at $112.08. Now we will have ROKU on watch for a short term move into $116.66. Above that, ROKU does look attractive for bulls and can see impulsive upside with little resistance into $125 – 140 – 150 in the coming weeks / months of 2026. Use support $110 – 107. If this doesn’t hold, the risk is that ROKU falls back into the psych level $100.”
Nike Inc. (Ticker: NKE) “Nike price has been absolutely crushed, but potentially found a short term bottom at $56.99. For now could use that level as support and see if NKE can reverse back into $62.5 – 65 – 68 – 69 in the near term. With more time, a position here could set one up for a much larger upside move into $73.5 – 77 – 80 supply in the early months of 2026. However, if NKE does not hold $56.99 would ignore this idea and anticiapte NKE to find more lows into $55 – 52.5. This is the last support NKE shows, and if this zone can’t find buyers bearish momentum could drag NKE down into $50 potentially $47 before developing a new low bottom out.”
Microsoft Corp. (Ticker: MSFT) “Double top pattern at $550 on weekly has played out and now we have seen downside under $500. Now $492.5 – 495 – 500 range is resistance. If MSFT is under this and markets pull back, selling could heat up again. This could lead back into $485 – 475 – 465/464 under this and a newer low at the $450 psych level is possible. However, if MSFT finds the strength to get over $500 and holding would expect to see price recover higher into overhead supply.”
Home Depot Inc. (Ticker: HD) “Retail name using the 200 day moving average as support for basically 20+ years on the weekly chart. Worth watching support 330-350 range which is now a triple bottom zone hovering over previous resistance at those levels. Use this support as entry zone for a build back up for breakout over 360 – 380 – 400 – 420 -440 range. Under the 200ema, could spell danger for this stock with leakage to 270 – 300 range in the big picture.”
Weekly Market Earnings Calendar
Most Anticipated Earnings Releases This Week
Provided By: Earnings Whispers
Weekly Market Economic Calendar
Source: MarketWatch
Weekly Learning Focus
Newest Blogs
Here are some very helpful tips on trading reversals, that may help you for future trades 🎯
On the left side of the graphic, we see weeks – months of selling. Investors are losing money as the stock is not / has not bounced. Here, not many are profitable – most are bagged 🛍️ * each bounce presents an opportunity for those traders to exit. Strong buyers volume 🦾 📊 is needed for the trend to change! 📉 📈
The large green 🟢 move illustrated here rarely happens, however beginner traders think it will happen, then enter a position & usually end up with more bags! Those that add, sell when the bounce dies! 🔪
Now, let’s move to the right side of the graphic, where we see the same bout of selling with no bounce. Eventually, (in most cases, dependent on the stock/asset) Consolidation / Accumulation occurs. This slowly replaces old bag holders with new buyers, or new buyers overpower the older sellers supply. 💰
So, if the reversal does come, this is often the most profitable approach at catching a reversal. 💯 Sizing into the accumulation tactically & being patient can be very rewarding when the reversal comes to fruition. ❤️🔥
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