It’s been a big week for Wall Street as it wraps up June, the second quarter and the first half of 2022. After trading both sides of the aisle on Monday, the Dow Jones Industrial Average (DJI) settled just below breakeven as investors wondered if the stocks were oversold or had bottomed. positive Durable Goods Orders for May erased those losses, although the technology sector still fell as the 10-year Treasury yield rose. The Dow then fell 491 points Tuesday, while the S&P 500 (SPX) and Nasdaq Composite (IXIC) Sold out even after the retail and semiconductor sectors took a hit.
The Dow finally rallied to modest gains on Wednesday, but comments from Cleveland Federal Reserve Bank Chair Loretta Mester, who announced support for a 75 basis point rate hike in July, weighed. In addition, revised gross domestic product (GDP) data for the first quarter showed The US economy has declined. A massive drop followed on Thursday, with the S&P 500 taking a hit the worst first half of the year since 1970, and the Dow and Nasdaq posted their worst quarters since March 2020 and December 2008. Inflation and a possible recession continued to be the focus of traders’ attention on Friday. At noon they expected the main indices beginning of the third quarter with steep weekly losses.
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As we enter the second half of 2022, this is a good opportunity to take a look at seasonal trends. Rocky White, Chief Quantitative Analyst at Schaeffer, has some key takeaways on how to play the 4th of July holiday, and he’s made a list best and worst stocks next week. For a longer-term perspective, White has also compiled a list of the best stocks to own this montha 25 actions to avoid. If you are looking for a leader in the technology sector, Alphabet (GOOGL) is the best FAANG shares own in July during Costco (COST) a Cintas (CTAS) he could too to rise.
Blue chip subtitles
A handful of blue chip stocks took the spotlight this week. Among them was Nike (NKE), which jumped into earnings and reported quarterly declines in sales and profits, although it was overshadowed by weaker-than-expected earnings. Sales expectations for the current quarter. Meanwhile, Walgreens Boots Alliance (WBA) has abandoned plans to sell its UK business to a Lack of suitable offers, while Merck (MRK) looked like a solid bet bull options. Apple (AAPL) also took notice after JP Morgan Securities repeated the same “Overweight” rating..
Makers & Makers
Spirit Airlines (SAVE) was the big mover this week after announcing plans to accept an expanded cash and stock offer from Frontier (ULCC). $2.7 billion. Axsome Therapeutics (AXSM) rose after the Food and Drug Administration (FDA) proposed labeling Candidate drug for depression. Meanwhile, Bed Bath & Beyond ( BBBY ) shed more than 20% thereafter the departure of CEO Mark Trittonand Kohlova (KSS) stated that they revoked the recent andacquisition talks.
Employment data to focus next week
Although the markets remain closed on Monday independence Day, the first full week of July brings a variety of employment indicators, such as Several major indices are also available, including the S&P Global US Services Purchasing Managers’ Index (PMI). Meanwhile, the income statement looks bleak, with few names to report Levi Strauss (LEVI), PriceSmart (PSMT) and WD-40 (WDFC). Besides, now might be the right time scale back into actions with the S&P 500 as a benchmark.
7 OTC Stocks That May Exceed Expectations
Consumer stocks are stocks of companies that make products that are popular but not considered necessary. These stocks tend to perform well in bull markets, but can underperform the broader market during periods of volatility. And the volatility the market has faced over the past six months increases the risk of buying consumer stocks.
Simply put, consumers need to be discerning as there are many stocks that will underperform. However, as with most sectors of the market, it’s important that investors don’t paint all consumer staples stocks with a broad brush. There are several companies that continue to show solid demand. And this despite high inflation and rising interest rates.
That is the purpose of this special presentation. We highlight seven over-the-counter stocks that deserve to be kept in your portfolio regardless of what’s happening in the broader market.
Check out “7 Over-the-Counter Stocks That Can Exceed Expectations.”