This Stock Is Ready to Keep Trending Higher
Stocks have started to trade sideways in recent weeks. That’s not a huge problem with markets at all-time highs. The longer stocks trade sideways, the more likely they’ll have a strong breakout when that trend ends. So far, signs point to a bullish breakout. The economy remains strong, if slowing. Inflation is coming down, and investors are looking forward to a decline in interest rates. That’s a good combination for consumers and companies alike. That’s why investors may want to buy the ...
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This Sector Is Poised to Build on Its First Half Gains
Different market sectors move at different times. But when a sector does take off, it will often need to pause for a while before moving higher. This consolidation trend is normal, and in some sectors can last for years, in others, for weeks. The cryptocurrency market has been consolidating for a few months now following bitcoin’s halving in April. That may have shaken out momentum traders hoping for a quick ride to new all-time highs. Today, it’s creating an opportunity across the ...
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This Isn’t a New Meme Stock Trade, But It Could Still Perform Well
While the markets test new all-time highs and pull back, several companies have seen bigger jumps over the past few months. That includes a resurgence in meme stocks, some of which have seen triple-digit gains at times. Some stocks have also jumped on meme-like news. With markets still in a bullish mood, it’s best to separate the strong performers from the hopefuls at current prices. This week, trader Keith Gill of GameStop (GME) fame, disclosed a 6.6% stake in pet supply retailer ...
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This Asset Class Should Outperform in the Second Half of 2024
With the first half of the year on the books, tech has cemented its place as the runaway winner. But tech returns have started to slow. And with investors looking more defensively and with the potential for interest rate cuts ahead, other sectors may soon lead. That could mean that underperforming sectors in the first half of the year can have their turn to outperform. And investors who position themselves could stand to benefit. One underperforming sector is real estate. With interest ...
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Grab An Industry Leader in an Overlooked Market Sector Today
While tech stocks have had a big move higher to start the year, other sectors have lagged. That’s creating a new opportunity. Tech stocks are starting to slow down, and could even pull back. That means that other sectors may be ready to outperform. In any sector, owning the best names can mean reasonable returns. Those returns can be even better when bought right before an uptrend. And when the best company has plans to grow further. Things are lining up well ...
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This Industry Leader Is Poised for Further Growth
The past year has been a challenge for investors. While tech stocks have been soaring, the data suggests that the real economy has been muted. Consumer spending is weak and trending lower. The labor market is showing a similar decline. However, one industry leader has just indicated that business is faring well. And that could be a sign that the economy will continue to hold up, even with today’s lackluster data. The industry leader is shipping and logistics giant FedEx (FDX). Shares ...
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This Inflation Protection Is Back in the Buy Zone
Investors have several ways to hedge themselves from inflation. Owning shares of great companies that can pay an increasing dividend over time is one way. But when inflation spikes suddenly, companies can also take a hit to their profits. Owning a small position in gold can reduce the impact of sudden inflationary jolts. And it can ensure that investors protect their purchasing power over time. Inflation is down but not out. Gold is in a similar situation today. After making new all-time ...
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Retail Trends Point Towards a New Shift
The past decade has seen retailers shift heavily into online sales. While there’s still demand for many goods at brick-and-mortar stores, investors are more willing to buy online. Catering to that growing demand in new and innovative ways can give any retailer an opportunity to profit over time. It also means a retailer can continue to expand their market share as the world goes increasingly digital. Discount store chain Target (TGT) has been shifting with digital trends in recent years. Now, it’s ...
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