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The Odds of Recession & Bear Market
How do you feel about the stock market (SPY) when I tell you that 45% of economists see a recession forming in the next 12 months? And now how does your outlook change when I tell you that the average recession and bear market has formed when only 40% of economists predicted that negative outlook for the economy? Well as you probably suspected, that is exactly where we stand now which is why investment veteran Steve Reitmeister remains overtly bearish. Gladly he has a game plan to help you get on the right side of the market action. Read on below for more...
1 Gaming Stock to Avoid and 2 in Play Right Now
Growing use of smartphones and increasing investments in advanced technologies should help the gaming industry witness solid growth in the coming years. However, increased regulations are posing a significant challenge. While it could be wise to avoid Roblox Corporation (RBLX) considering its weak fundamentals, we think gaming stocks Electronic Arts (EA) and Playtika (PLTK) could be ideal buys now. Let’s discuss this in detail…
2 Stocks to Avoid if You Don't Want to Lose Money
The Fed’s hawkish stance has increased the odds of the economy tipping into a recession. Therefore, it could be wise to avoid fundamentally weak crypto-focused stocks Coinbase Global (COIN) and Riot Blockchain (RIOT), as they are not well-positioned to survive the market uncertainties. Read on…
Tech Stocks Are Due For Another Sell-Off -- 3 To Avoid
Given a relatively tight labor market, another jumbo interest rate hike in September is very likely. The tech industry has been under pressure and might witness continued sell-off amid the rising interest rate environment. Therefore, fundamentally-weak tech stocks Snowflake (SNOW), Riot (RIOT), and American Virtual Cloud (AVCT) might be best avoided now. Keep reading…
Why Are Stocks Tilting Bearish Once Again?
The S&P 500 (SPY) rallied 18% from the June lows til they hit a wall in mid August. At first it seemed the reason was simply hitting the resistance level at the 200 day moving average. But really, if we are being honest with ourselves, it is the reawakening to the negative outlook for the economy. We can all thank Fed Chairman Powell for inscribing it on the tablets handed down from Mt. Jackson Hole. So where do stocks head from here? And what is the best trading plan at this time? Read on below for the answers...Top Stories
1 ETF Most Investors Still Find Attractive Right Now
Despite gaining more than 40% year-to-date, Energy Select Sector SPDR Fund (XLE) still looks attractive to investors due to the expected rise in energy prices by the end of this year. Therefore, it could be wise to buy this ETF now. Read on…
1 Energy Stock That Makes a Great Addition to Your Portfolio
Leading Oil & Gas company APA Corporation (APA) reported impressive second-quarter financials, and the stock has gained in double digits so far this year. The company is well-positioned to witness solid growth in the upcoming quarters, driven by its diversified portfolio, strategic acquisitions, and sustained energy demand. So, we think this energy stock makes a great addition to your portfolio. Continue reading…
PLUG, AMC, SOFI, and 1 Other Stock Moving Lower in 2022
Since concerns about the Fed’s potential rate hikes and the possibility of further economic contraction are expected to keep the stock market under pressure, fundamentally weak stocks that are on a downtrend this year, such as Plug Power (PLUG), SoFi Technologies (SOFI), AMC Entertainment (AMC), and Forge Global Holdings (FRGE), could be best avoided now. Let’s discuss…
PayPal vs. Visa: Which Stock Is a Better Buy Right Now?
The COVID-19 pandemic significantly boosted the growth of digital financial transactions. Financial services giants PayPal (PYPL) and Visa (V) are expected to gain from the industry tailwinds. But which of these stocks is a better Buy now? Let’s find out…
PLTR Is a Falling Knife, Not a Buy the Dip Opportunity
Shares of Palantir Technologies (PLTR) are currently trading more than 70% below their 52-week high. With the company lowering its guidance for the current year, will it be wise to buy the dip in the stock now? Read on to learn our view…
1 Stock to Store in Your Portfolio Right Now
IT pioneer Pure Storage (PSTG) delivered solid financial results in the second quarter of fiscal 2023, driven by an expanding portfolio of its industry-leading products and services. Moreover, analysts are bullish about the company’s near-term prospects. Given its diversified business, robust financials, high profitability, and solid growth prospects, it could be wise to add PSTG to your portfolio. Read on…
2 Penny Stocks to Avoid Right Now Even at a Discount
With the recent market pullback in the aftermath of Jerome Powell’s speech at Jackson Hole, investors may be tempted to go bottom fishing. However, a rising interest rate environment may not be welcome news for developmental and fund-thirsty businesses with negative cash flows. Thus, given a foreseeably bleak outlook, it would be wise to stay away from penny stocks Tilray Brands (TLRY) and Mullen Automotive (MULN). Read on…
1 Stock That's Lost a Lot of Flavor in 2022
Blue Apron Holdings (APRN), a well-known company in the meal kit industry, has seen its stock price skyrocket over the past month. However, the company reported poor financial results and lowered its outlook for the next three quarters, citing persistent macroeconomic headwinds. So, we believe the stock is best avoided now. Read on to learn more…
3 Stocks to Buy Even in a Recession
Recession odds are rising due to the onslaught of aggressive rate hikes by the Fed. Healthcare is conventionally considered a defensive sector. Hence, we think Johnson & Johnson (JNJ), AbbVie (ABBV), and Bristol-Myers Squibb (BMY) might be solid buys now. Read on…
1 ETF That Might Not Be Able to Reverse Its Course in 2022
Cathie Wood’s flagship fund ARK Innovation (ETF) has plummeted over the past few months due to raging inflation and rate hikes that have weighed in on the tech industry. We think it might not be able to reverse its downtrend this year. Read on to know why…
2 Precious Metals ETFs to Avoid Until Further Notice
The Fed’s aggressive rate hikes and rising yields are creating bearish sentiments around the precious metals industry. Both gold and silver registered a poor performance last month. So, avoiding the precious metal ETFs VanEck Gold Miners (GDX) and iShares Silver (SLV) might be wise. Read more…
3 Layoff Stocks You Might Want to Avoid for the Rest of 2022
The economic and geopolitical headwinds have hammered several businesses this year, with many laying off their employees to reduce costs and stay afloat. Shares of Shopify (SHOP), DoorDash (DASH), and Peloton Interactive (PTON), which have taken layoff measures because of their unstable fundamentals and dim growth outlooks, could be best avoided now. Read on...
One Home Improvement Stock to Buy and It’s Not Bed Bath & Beyond
Home improvement retailer Bed Bath & Beyond’s (BBBY) shares soared last month amid the return of the meme stock frenzy, but the gains did not sustain. We think fundamentally sound Lowe’s Companies (LOW) could make a better buy now. Read on to know why…
3 SaaS Stocks Getting Crushed Right Now
The recent tech rout due to macroeconomic factors has crushed some quality SaaS stocks. As the Fed intends to keep raising interest rates, fundamentally weak SaaS stocks Twilio (TWLO), UiPath (PATH), and C3.ai (AI) are expected to see further downside. So, these stocks are best avoided now. Read on…
3 Stocks You'll Never Regret Buying
While concerns over the Fed’s hawkish stance have kept the stock market under pressure, some analysts expect the market to rebound later this year and into 2023, following the trend of mid-term election years. Therefore, investors may consider buying fundamentally solid stocks Microsoft (MSFT), UnitedHealth Group (UNH), and Walmart (WMT). Keep reading…
3 Semiconductor Stocks to Buy on the Dip
Industries like cloud computing, autonomous driving, and AI continue to expand regardless of near-term road bumps. Companies selling to these industries will also prosper. Therefore, investors should target high-quality semiconductor stocks like Micron Computers (MU), ON Semiconductor (ON), and Broadcom (AVGO).
1 Leveraged Equity ETF to Avoid and 2 to Buy
Leveraged equity ETFs are usually rewarding investments when the short-term prospects of their underlying industry or instruments are apparent. Given the resilience of the utility sector amid the current market volatility, ProShares Ultra Utilities (UPW) could be a good investment. Also, MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) should benefit from the uncertainties surrounding gold. However, the potential trouble for the semiconductor industry makes Direxion Daily Semiconductor Bull 3X Shares (SOXL) best avoided now. Let’s discuss…
3 Falling Stock to Think About Selling Short Right Now
Worries about sky-high inflation, the Federal Reserve’s hawkish stance, and recession prospects have spurred market sell-off lately. Moreover, investors expect increased market volatility as analysts cut down their earnings estimates. Given the uncertain market conditions, fundamentally weak and losing stocks Snap (SNAP), Allegiant Travel (ALGT), and Cardiff Oncology (CRDF) could be great candidates to sell short. Read on…
3 Space Stocks That Aren't Ready for Takeoff Right Now
Although the space industry holds long-term promise as a domain with infinite possibilities, the progress of businesses in this sector has been hampered by short-term macro issues. Hence, it could be best to avoid beaten-down space stocks Maxar Technologies (MAXR), Virgin Galactic (SPCE), and Astra Space (ASTR) until they return to their long-term growth path. Continue reading…