MarketBeat: Week in Review 5/2 – 5/6
The market is closing in on a sour this week, despite a spurt in jobs reports. As of late afternoon, markets were at early lows, but concerns about inflation and the Fed’s pledge of continued rate hikes outweigh any good news, at least for now. Investors will get another data point next week when the April Consumer Price Index (CPI) is released. If the numbers come in as expected, it could be the first sign that inflation (not falling) is leveling off. However, if the numbers heat up, the sell-off is likely to continue. We understand that this can be a time when you want to be apart. And if you have a short investment timeline, it could be drama. But even on the reddest of days, there are stocks to consider if there’s no other reason than to add them to your watch list. And the Marketbeat team will be on top of the major market movers so that you can make informed investment decisions.
Jia Yu’s articles
Last week, Thomas Hughes advised investors that Tractor Supply Company (NASDAQ:TSCO) The second half of the year looked like a potential buy. This week, Gu weighed in on TSCO stock following its earnings report last week. U confirms Hughes’ bullish sentiment and advises our readers for opportunistic buying opportunities based on the chart. u was watching too Knight-Swift Transportation (NYSE:KNX) As an opportunistic buy. Since the logistics company reported earnings on April 20, KNX stock appears to have reassured investors that increasing revenue and margins will help the company overcome the high costs that surround the sector. and u was also advising investors to look World Wrestling Entertainment (NYSE:WWE) As an opportunistic buy. The stock is trading in a narrow range, but there are several catalysts that could move the WWE stock higher.
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Articles by Thomas Hughes
Your marketbeat Contributors typically focus on individual equities to analyze. But when it is appropriate, we give our opinion on macro events affecting the market. Thomas Hughes has been warning of a sharp decline in the market for some time. And ahead of the Fed meeting, Thomas Hughes cautioned investors that the S&P 500 index was at a turning point. The relief surge after the Fed’s announcement may not be ready to issue a 75-basis point increase. However, he must not have been surprised at all by the turnaround the next day. Turning his attention to individual stocks, Hughes saw continued signs of life in the chip sector. In particular, Hughes was analyzing Onesemi (NASDAQ:ON) And pointing out that the company is re-focusing on its business and is seeing double digit growth across all three of its business units. And Hughes was also reminding investors that when it comes to looking for value stocks in this market, you can do worse than look at companies with pricing power such as Kellogg’s (NYSE:K), The consumer staples giant is proving it can raise its prices without compromising on margins that has exploded on the top and bottom lines.
Articles by Sam Quirke
Starbucks (NASDAQ:SBUX) Making the news, but not always for reasons of speed. This week Sam Quirke walked investors through the current situation for the company. As Quirke points out, there are some things to like, but there are also some things that investors should pause before diving into SBUX stock. was also watching Quirke Uber (NYSE:UBER) After the company reported earnings this week. Revenue beat estimates, but earnings were a disaster by any measure. That’s why Quirke says that at a time when you need to make likes, there’s not much to like about UBER stock. On the other end, Advanced Micro Devices (NASDAQ:AMD) stood outside in a sea of red. AMD stock is starting to climb as it took a double whammy on earnings and revenue.
Article by Chris Markoch
If investors need any further indication of bearish sentiment in the market, they need not look any further Chevron (NYSE: CVX), The company posted a great earnings report but the market was in a sell-off mood. But Chris Markoch points out that investors should take a closer look at the reasons for the company’s record free cash flow, its debt reduction and 34 consecutive years of dividend growth, as the company is a buy-the-dip candidate. Another energy sector company that has a bright future, being hit by short-term volatility, is Enphase Energy (NASDAQ:ENPH), The manufacturer of micro-inverters for solar panel installations is a play on energy independence. And with the company’s growth in Europe, ENPH stock looks like an attractive buy. Marcoch was also looking at the instability in 3M (NYSE: MMM) Stores. The company was hit double, but continues to back down from supply chain issues. However, Markoch points out that its leadership in key areas of disruptive technology makes MMM stock a solid choice for value investors.
7 Outdoor Living Stocks to Buy Before Investors Leave for the Summer
Outdoor living is one of the biggest sectors of the stock market. The United States spends more than $800 billion on outdoor entertainment each year. To put it in the context that the expenditure number is on par with the financial services and insurance sector. And, that’s almost double the spending in the pharmaceutical industry.
Stocks focused on outdoor living rose during the pandemic as many Americans understood that being outside (albeit in a socially distanced fashion) was paramount to their physical and mental health. However, the sector did not see a slowdown in 2021. And it looks like it will continue to be a strong sector in 2022. One reason for this is inflation. It is likely that the travel budget may get affected. But sunshine and fresh air is free.
But isn’t this a bad time to buy a stock? It could have been. But it really comes down to being picky. Quality still matters and quality has many names in this field. And in this MarketBeat exclusive, we offer seven outdoor living stocks that are good buying opportunities as they lean into the larger macroeconomic picture.
Check out “7 Outdoor Living Stocks to Buy Before Investors Leave for the Summer.”
