Sticky inflation, the Fed’s aggressive rate hikes, and the US banking sector turmoil is paving the way for a recession this year. Thus, I think this is not the right time to consider investing in Foot Locker (FL) and NIKE (NKE). Read on. Fed’s commitment to control inflation is taking a toll on consumer spending, ..
Tag : Stocks
The energy sector is expected to remain robust amid solid demand and the emergence of new oil and gas ventures. Hence, I think fundamentally strong Energy Transfer (ET), Valero Energy (VLO), and World Fuel Services (INT) could be ideal additions to your watchlist. Keep reading. U.S. crude oil exports, already reaching impressive levels close to ..
The pharmaceutical industry is anticipated to grow due to rising chronic diseases and an aging population. Given the industry’s strong long-term prospects, quality stocks Novo Nordisk (NVO), Novartis (NVS), and Bristol-Myers Squibb (BMY) could be worth adding to your watchlist. Continue reading…. The pharmaceutical industry tends to perform steadily amid economic downturns, as it enjoys ..
Digital payments major Visa (V) reported strong growth across its business during the second quarter. Amid the uncertain macroeconomic environment, will it be wise to buy the stock this week? Read on to learn my view…. With the proliferation of the Internet, a radical shift from cash to digital transactions has enabled digital payment companies ..
Higher interest rates and more expensive stock valuations combined with the cheapest implied volatility prices in years sets up ideally for a couple option strategies in SPY. The last time the S&P 500 (SPY) was at such lofty levels was in August of last year. Back then the S&P 500 closed at $4305.20 on August ..
Now that the debt ceiling debate appears to have been resolved, we could see more risk-taking among investors. That’s a good thing for smaller stocks, like the ones we buy for our portfolio. Below I take a closer look at what’s going on this week in the S&P 500 (SPY) and how this impacts our ..
The tremendous rally for S&P 500 (SPY) this week has more people believing the bull market is at hand. 43 year investment veteran Steve Reitmeister weighs in with his updated market outlook at trading plan. (Spoiler alert: the future for stock prices may not be as bright as advertised). Get the full story below. Stocks ..
The telecom industry is well-poised for robust long-term growth, driven by high demand for efficient data connectivity and managed services amid rapid digital transformation worldwide. Foreign telecom stocks VEON (VEON) and SoftBank (SFTBY) should benefit from the industry’s promising growth prospects. But let’s find out which of these stocks is a better buy now. Read ..
US retail sales rebounded in April as consumers showed resiliency. The strength in the retail market should bode well for retail giants Target (TGT) and Walmart (WMT). But should one buy, hold, or sell these stocks? Read more to find out. The retail industry has showcased remarkable resilience and stability despite the macroeconomic headwinds. Factors ..
We continue to put our idle money to work in our portfolio. For the time being, we’ll be focusing on additions rather than deletions (although that could change based on new info). Once the debt ceiling stuff is resolved, I think the market will be in a nice position to rally for the second half ..
