Increased spending in the software sector is expected to drive growth in the industry. Therefore, it may be worth buying fundamentally strong software stocks like Salesforce (CRM), Xperi (XPER) and Rimini Street (RMNI). However, given the possibility of interest rate hikes, the fundamentally weak Robinhood Markets (HOOD) software stock may be best avoided. Keep reading. … Read more
After the recent bank failures, the Fed is at a policy crossroads, weighing strong economic data against jittery capital markets. In the midst of an inflationary environment, grocery stocks tend to do better than others, given the inelastic demand for their products. Therefore, Walmart (WMT) and Costco Wholesale (COST) quality grocery stocks can be ideal … Read more
Shares in financial services company SOFi (SOFI) have tumbled over the past month and are trading below their 50-day and 200-day moving averages. While fundamental weakness is the main reason for the decline, let’s find out if this is the right time to invest in the stock. The Federal Reserve is expected to continue raising … Read more
At the end of last week’s edition, I told everyone to fasten their seat belts. I didn’t expect one of the global systemically important banks (G-SIBs) to end up on the brink. And Friday is a rare market event known for its price swings. So buckle up! Let’s understand what this means for the S&P … Read more
If you weren’t already bearish, it might be time to reconsider your stock market (SPY) outlook. As you’ll discover in today’s commentary, even the best case scenario for the recent banking worries is still likely to push the economy into recession, which leads to a deeper bear market. Read the full story below, including a … Read more
Managing pairs traded in the POWR Options manner is likely to increase the probability of profit. We have discussed in several previous articles the benefits of a pairs trading approach. A pairs trade is simply taking a bullish position on the stock that you think will outperform a similar stock that you take a bearish … Read more
Canadian cannabis producer SNDL (SNDL) has made several acquisitions to support its growth. Although the company witnessed solid revenue growth in its last reported quarter, its profitability was in the red. The company’s return to profitability remains uncertain. Also, given the regulatory challenges, I think this fundamentally weak stock is best avoided right now. Read…. … Read more
Prospects for the tech industry look promising as a result of accelerated adoption of AI, cloud services and rapid digitization by businesses. Given the promising prospects of the sector, quality stocks Dropbox (DBX), Spirent Communications (SPMYY) and AudioCodes (AUDC) could be good additions to your portfolio. These shares are currently trading below $20. Read on. … Read more
The recent regional bank collapse, price increases and fears of an economic slowdown have added to market volatility. In this scenario, the fundamentally sound dividend stocks Walmart (WMT), PepsiCo (PEP) and STMicroelectronics (STM) could be solid buys that could yield enough for early retirement. Read…. The Fed’s hawkish comments, followed by the strong employment report, … Read more
A lot has happened over the past two weeks and it has certainly been a bumpy ride for the S&P 500 (SPY). Just when it looked like the hotter than expected data points were pushing us towards a 50 bps rate hike, we saw two banks collapse seemingly out of the blue in a single … Read more
