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Recession is Here...Watch Out Below!
More and more it looks like recession is here. This includes a dramatic decline for ISM Manufacturing discovered this morning. As you likely know, most economist call manufacturing the "canary in the coal mine" for the US economy as it often shows weakness before other areas. In fact, GDP Now from the Atlanta Fed reads it loud and clear with a negative revision for the US economy down to -2.1% for Q2. Ouch! We are going to discuss these new economic facts...what it means for the stock market outlook...and an interesting view on why the S&P 500 (SPY) does not decline in orderly fashion. All that and more is coming your way in this week's commentary…
4 Ideal Stocks to Add to Your Portfolio in July
While sluggish consumer spending data led to the stock market ending the last trading session of June in the red, a moderate inflation forecast is nurturing hopes over the economy to avoid a recession. Therefore, investors might consider buying quality stocks ARC Document Solutions (ARC), Core Molding Technologies (CMT), DLH Holdings (DLHC), and Friedman Industries (FRD) at their current low price levels to benefit from their big rebounds. Read more…
Stocks to Fall MUCH FURTHER this Bear Market Cycle
Spoiler alert...the bear market is not over. Unfortunately history shows that the S&P 500 (SPY) has much further to fall to squeeze out excess valuation. That is just a natural part of the bear market process that is properly explained in this timely market commentary. More importantly, this commentary provides a strategy on how to profit in the days and weeks ahead as the market finds its way to bottom. Read on below for more...
Wall Street Analysts Predict More Than 160% Upside in These Stocks
The high global inflation and hawkish federal reserve are leading to heightened volatility in the market. However, despite the market uncertainties, Wall Street analysts see a more than 160% upside potential in IonQ (IONQ) and Rigetti Computing (RGTI). Thus, these stocks could be ideal additions to your watchlist. Keep reading…
5 Hot Stocks to Buy Now
The Fed’s aggressive monetary tightening to tame the multi-decade high inflation has triggered a market sell-off lately. Since the market is expected to remain under pressure in the near term due to the increased odds of a recession, we think adding fundamentally strong momentum stocks Bank7 Corp. (BSVN), Consolidated Water Co. Ltd. (CWCO), Luther Burbank Corporation (LBC), Orrstown Financial Services, Inc. (ORRF), and Summit Financial Group, Inc. (SMMF) could be wise. Read on…Top Stories
Avoid These 2 Recently Downgraded Stocks
With the increasing odds of a recession and the expected continuation of the bear market, it could be difficult for fundamentally weak stocks to find support anytime soon. Our proprietary rating system has recently downgraded Athira Pharma (ATHA) and Futu Holdings (FUTU) to Sell because of their weak financials and growth prospects. So, these stocks are best avoided now. Read more…
Better Buy: National Beverage Vs. Coca-Cola Company
Amid concerns over a potential recession, investors focus on shifting from cyclical stocks to defensive stocks. Therefore, beverage stocks National Beverage (FIZZ) and Coca-Cola Company (KO) are well-positioned to benefit. But which of these stocks is a better buy now? Read more to find out...
3 Winning Healthcare Stocks to Buy for the Rest of the Summer
Increased health awareness and the rapidly aging population are expected to drive the growth of healthcare companies. Healthcare stocks Cigna Corp. (CI), Humana (HUM), and McKesson Corp. (MCK) have bucked the market downtrend and are in momentum. Since the market is expected to remain under pressure in the near term, we think it could be wise to add these winning stocks to your portfolio. Read on…
3 Tech Stocks to Buy and Hold for the Long Term
High-flying tech stocks have faced the brunt of the Federal Reserve’s aggressive interest rate hikes this year. Despite the risk-off environment in equities, fundamentally strong tech stocks which have corrected from their highs offer a great entry point to investors looking to buy and hold for the long term. To that end, we think it could be wise to add fundamentally sound tech stocks AudioCodes (AUDC), Computer Task Group (CTG), and CTS Corp. (CTS) to your portfolio. Keep reading…
Time to Buy Winnebago Industries After Q3 Beat?
Outdoor lifestyle product manufacturer Winnebago (WGO) recently reported impressive third-quarter financials, surpassing the consensus estimates. However, is it wise to buy the dip in stock amid ongoing supply chain disruptions? Let’s find out…
This Market Leader Could be a Great Pick for the Long Haul
Corning (GLW) is one of the world’s leading innovators of material science. The company’s products are expected to see high demand in the long term due to their utility. Given its robust financials, favorable analyst estimates, discounted valuation, and higher-than-industry profitability, it could be an ideal investment for the long haul. Read on…
Insiders Invested More Than $40 Million in This Stock with Major Upside Potential
Clinical-stage biopharmaceuticals company Day One Biopharmaceuticals (DAWN) is still in its early stages of development and has yet to generate revenue. However, recent insider buying activity in the stock signals optimism about the company's prospects and significant upside potential for its shares. So, let's take a closer look at the stock…
Warren Buffett Just Picked up This Buy-Rated Energy Stock
Leading oil and gas company Occidental Petroleum (OXY) reported impressive first-quarter results. Shares of OXY have gained in double digits so far this year, outperforming the broader market, thanks to surging energy prices. Moreover, Warren Buffett has recently added more OXY shares to his portfolio. And this stock is rated Buy in our proprietary rating system. Continue reading…
3 Cheap Stocks to Buy for Under $10
The stock market is experiencing rampant volatility due to the rising inflation and the Fed’s rate hikes. The market environment has led to value investing gaining traction. And we think it could be wise to buy quality stocks Computer Task Group (CTG), Transportadora de Gas del Sur (TGS), and Ultralife (ULBI), which currently seem to be trading at a discount. They are trading at affordable prices and have a Strong Buy rating in our POWR Ratings system. Keep reading…
3 Consumer Goods Stocks Wall Street Predicts Will Gain 60% or More
Although consumer confidence has been declining amid the rising inflation, stable job growth and rising wages are expected to support consumer spending. Given this backdrop, Wall Street analysts see a more than 60% upside potential in fundamentally sound stocks Amazon.com (AMZN), General Motors (GM), and Sea Limited (SE). Keep reading...
4 Consumer Staples Stocks to Avoid
Consumer staples companies are known for performing relatively well during a market turmoil because of inelastic demand for their products. However, Wall Street analysts expect fundamentally weak consumer staples stocks Japan Tobacco (JAPAY), National Beverage (FIZZ), Grocery Outlet (GO), and Rite Aid (RAD) to decline more than 10% in the near term. So, these stocks are best avoided now. Continue reading…
With Recession Risk Rising These Sectors Should Outperform the Broader Market
In a not very surprising turn of events, the bear market bounce has failed as we've given up more than half of its gains. I, think it validates our decision to sit on our hands. Another validation is weakness in energy and cyclicals - a dip that I am not interested in buying. As we discussed last week, inflation risk is receding, while recession risk is rising. Today's commentary will dig into this dynamic and look at the broader S&P 500 (SPY). Then, I'll discuss my strategy, sectors I like, and the right setup to take counter-trend positions. Read on below to find out more…
These 2 Buy-Rated Stocks Just Increased Their Dividends
Rising concerns over the Fed’s hawkish stance to curb the soaring inflation and the possibility of an economic downturn have kept the stock market volatile so far. Amid this scenario, Horizon Bancorp (HBNC) and The Kroger (KR), which have recently increased their dividends, could be ideal additions to your portfolio to ensure a steady income stream. These stocks are rated Strong Buy or Buy in our proprietary rating system. Read on…
3 No-Brainer Stocks to Buy in a Market Correction
The multi-decade high inflation and the Federal Reserve’s constant efforts to fight it have recently caused massive corrections in the stock market. Amid the current uncertain economic conditions, it could be wise to invest in Globus Maritime (GLBS), QuidelOrtho (QDEL), and Donegal Group (DGICA), which possess every ingredient to dodge the market fluctuations and deliver solid returns. Read on...
Rite Aid Shares Jumped 40% Last Week - Buy, Sell, Hold?
Rite Aid (RAD) shares soared last week after the company reported stronger-than-expected first-quarter revenue growth and issued an upbeat sales forecast. However, given the company’s increasing losses and projected interest rate hikes, is it worth buying the stock now? Let’s find out...
EPD Offers Value and More Than 7% Dividend Yield at Current Levels
With analysts forecasting a recession later this year, investors must consider investing in stocks with high dividend yields. Enterprise Products Partners (EPD) is currently trading at a discounted valuation and offers a healthy 7.63% dividend yield at the current price level. In addition, analysts expect its earnings and revenues to grow in the long run. So, it could be wise to buy the stock now. Continue reading…
3 Pricey Tech Stocks to Avoid in July
The tech sector has been facing significant challenges due to rising interest rates. Many tech companies are freezing hiring and laying off employees to prepare for a potential recession. With declining investors’ confidence in the sector, pricey tech stocks Aurora Innovation (AUR), Meta Materials (MMAT), and Ondas Holdings (ONDS) might be best avoided in July. Keep reading...
2 GARP Stocks That Investors Should Consider Buying for the Long-Term
The bear market has been brutal. One silver lining is that there are going to be fantastic opportunities on the other side. Bio-Techne (TECH) and Anthem (ANTM) are 2 stocks that investors should keep on their watchlist.
3 High-Quality Stocks to Buy Right Now
The jitters over inflation's impact on the economy’s growth prospects have lately led to immense stock market volatility. Since the macroeconomic headwinds are not expected to ease anytime soon, we think it could be wise to invest in high-quality stocks Vertex Pharmaceuticals (VRTX), United Microelectronics (UMC), and Sanderson Farms (SAFM), given their ability to withstand the current market turmoil. Read on…