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 … Read 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. shutterstock.com – StockNews Consumers are … Read more
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 … Read more
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 … Read more
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 … Read more
Soaring Inflation and supply chain disruptions have significantly dampened the retail sector’s growth this year. Amid slowing consumer demand, we think investors should invest in Walmart (WMT) since it possesses enough fundamental strength to stand an economic downturn. On the contrary, Honest Company (HNST) should be avoided now, given its bleak growth prospects. Read on … Read more
The stock market has witnessed a free fall since the beginning of the year due to the Fed’s interest rate hikes and the recession fears. Moreover, interest rates are expected to rise further this year. Given the heightened volatility in the market, we think low beta mega stocks Johnson & Johnson (JNJ) and Coca-Cola (KO) … Read more
The soaring inflation is expected to result in further aggressive interest rate hikes, fueling fears of an economic slowdown. Amid the depressed market conditions on concerns over a potential recession, it could be wise to invest in high-quality stocks, Chico’s FAS (CHS), MarineMax (HZO), and The ODP (ODP), which are currently trading at significant discounts … Read more
NXP Semiconductors (NXPI) saw its shares get crushed despite reporting strong top-line and bottom-line growth in the last reported quarter. While several analysts recently lowered their price target on the stock, given increased chip demands across industries, can the stock maintain its market standing? Let’s find out. shutterstock.com – StockNews NXP Semiconductors NV (NXPI) provides … Read more
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 value. 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 … Read more