MarketBeat Week in Overview – 8/14 – 8/18

Markets are flat to shut the week as inflation and rates of interest proceed to weigh on buyers’ minds. Many prime retailers reported this week and the message was the identical. Shoppers are feeling the pinch of inflation and altering their purchasing habits due to it. 

On the similar time, with oil costs more likely to common round $86 a barrel for the remainder of the yr, will probably be arduous to maintain inflation in verify. That’s why buyers might be paying shut consideration to what Federal Reserve Chair Jerome Powell has to say subsequent week from Jackson Gap, Wyoming. Larger for longer rates of interest are a given, however how excessive is excessive? So long as buyers stay unsure concerning the short-term route of charges, the markets might be unstable. 

However as a few of our writers wrote this week, it’s virtually time for soccer. And amongst our hottest tales this week are some shares that may provide help to capitalize on this time of yr.  

Articles by Jea Yu 

Meme shares might have misplaced a few of their 2021 mojo, however there are nonetheless many shares that could possibly be the following GameStop Corp. NYSE: GME if the situations are proper. Jea Yu wrote about six shares that meet lots of the necessities to be the next meme stock.  

If that’s not thrilling sufficient, Yu was additionally writing concerning the reputation of experiential entertainment. Not coincidentally, that’s serving to the efficiency of the 2 shares that Yu analyzes as sturdy choices to capitalize on this progress.  

If extra passive type of leisure, like sports activities betting, is extra your model, Yu wrote about why you may want to try DraftKings, Inc. NASDAQ: DKNG. The corporate continues to point out sturdy progress as more states continue to legalize sports betting. And that pattern exhibits no signal of letting up.  

Articles by Thomas Hughes 

Retail shares had been in focus this week. The sector is a bellwether into the well being of the buyer and Thomas Hughes analyzed the hotly awaited earnings reports from Walmart, Inc. NYSE: WMT and Target Corporation NYSE: TGT. Whereas the businesses posted totally different outcomes, the outlook for each exhibits slower spending in discretionary gadgets. 

Hughes was additionally writing about current developments on Capitol Hill that would level to a resurgence within the hashish trade. It might not be time to hit the purchase button but, however Hughes gave buyers three cannabis stocks that buyers ought to have on their watchlist if that is the beginning of a brand new rally in hashish shares. 

And when markets are unstable, dividend shares stay a protected place for all buyers. However when you’ve been in fast food stocks this yr, you’re seeing buyers again away as all the expansion is seen as being priced in. Nonetheless, Hughes was sharpening his pencil and explaining why three quick meals chains have progress prospects that might not be correctly priced into the shares.  

Articles by Sam Quirke 

To kick off retail week this earnings season, Sam Quirke highlighted the three retailers which can be more than likely to maneuver the market and helped buyers perceive what to anticipate from every retailer. 

Earlier this week, the CEO of Redfin Corporation NASDAQ: RDFN stated the housing market had hit “all-time low.” That elements into Sam Quirke’s evaluation of Zillow Group, Inc. NASDAQ: ZG. The inventory is in a robust uptrend and Quirke analyzes why the current 10% drop within the ZG share worth may create an entry point for buyers.  

Quirke additionally analyzed Qualcomm Inc. NASDAQ: QCOM. The chipmaker has been extensively mentioned by MarketBeat analysts. Quirke offers buyers two reasons to consider QCOM stock and one purpose why they might need to keep away.  

Articles by Chris Markoch 

The healthcare sector tends to be a robust performer it doesn’t matter what is going on within the macro economic system. This week, Chris Markoch gave buyers three healthcare stocks which will present the proper prescription for an ailing portfolio. 

Pharmaceutical shares are a lot much less of a protected guess. Nonetheless, when you’re a long-term investor, Markoch wrote about three blue-chip pharmaceutical stocks which have deep pipelines that, ought to they repay, usually are not being correctly valued by analysts. 

And Markoch observes that beer and soccer go collectively like peanut butter and jelly. That’s why it’s a great time to take a look at three beer stocks which can be good alternatives to contemplate as soccer season will get underway.  

Articles by Kate Stalter  

Financial institution shares are traditionally among the many extra boring shares to personal. However 2023 has proven this sector to be something however boring. This week, Fitch recommended that it might must downgrade the credit of several U.S. banks, together with a number of the largest banks. That information is having a adverse impact on financial institution shares and Kate Stalter helped buyers perceive the menace and find out how to transfer ahead. 

Stalter was additionally writing concerning the oil and gasoline sector which is transferring in a way more bullish route. However as an alternative of trying on the large oil shares, Stalter analyzes three smaller gear makers that analysts counsel might have tripled-digit earnings progress to energy ahead. 

And a few buyers are questioning if high-yielding dividend players AT&T Inc. NYSE: T and Verizon Communications, Inc. NYSE: VZ are beginning to look so unhealthy, they’re good? As Stalter explains, with share costs of each persevering with to drop, the reply is more likely to be that buyers ought to proceed with warning.  

Articles by Ryan Hasson 

One solution to establish potential breakout shares is to look at for the motion of an ETF that tracks a specific sector. That’s a setup that Ryan Hasson seen with a number one biotech ETF that’s displaying indicators of consolidating. And Hasson gave buyers three biotech stocks that buyers might look ahead to a breakout.  

Whereas penny shares aren’t for everybody, buyers can’t appear to keep away from listening to concerning the fortunes, or misfortunes of WeWork NYSE: WE as they search for the following meme inventory. As Hasson explains, WE inventory is surging which is turning into a pattern for firms getting ready to chapter. The query is whether or not the stock has enough short interest for a short squeeze.  

And whereas many buyers have been pulling out of tech shares, Hasson was writing about Alphabet, Inc. NASDAQ: GOOGL which is up 6% in the last month and is giving off bullish technical indicators which will ship it larger.  

Articles by Gabriel Osorio-Mazilli 

Ross Stores NASDAQ: ROST delivered a double beat to shut out a busy week of retail earnings. As Gabriel Osorio-Mazilli explains, the sturdy efficiency continues a pattern that exhibits low cost shops persevering with to be the beneficiaries as consumers continue to trade down in an effort to handle by way of inflation. 

Whereas retailers are struggling, development firms are doing significantly better. Osorio-Mazilli explains why there are three construction stocks which have had an excellent summer season and robust progress charges will proceed to generate investor curiosity.  

Alternatively, Osorio-Mazilli famous that pc shares are at the start of what is going to doubtless be a pointy pullback as PC demand falls from its highs that had been fueled by distant work. Danger-tolerant, opportunistic buyers ought to look to purchase the dip on the three computer stocks which can be lined on this article.  

Articles by MarketBeat Employees 

The upcoming finish of summer season ushers in back-to-school shopping and soccer season. This week the MarketBeat employees writers had been taking a look at three shares which can be standing out as shoppers stretch their budgets as their youngsters head again to high school.  

And even informal sports activities followers know that the Nationwide Soccer League (NFL) is large enterprise that covers a number of sectors of the economic system. Because the season will get able to kick off, buyers might need to take a look at three stocks that will directly benefit from the return of the NFL.  

Lastly, it might look like an odd time to be investing in actual property funding trusts (REITs). However you could find worth in any sector. That’s the angle our employees took as they wrote about three high-yield dividend REITs which can be getting bullish upgrades from analysts.  

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