Key points
- Stocks continued their rally to close the week; The S&P 500 could close in the green over the five trading days for the first time since November 2021.
- The theme of no news and good news is back; Investors are optimistic that a weak jobs report will keep interest rates where they are.
- Investors will wait for the next inflation reading in mid-November.
- 5 stocks we like better than Mattel
Stocks rallied to close out the week. If the S&P 500 finishes positive on Friday, it will be the first time the index has closed in the green in five trading days since November 2021.
In this case, the theme of bad news and good news returns. Specifically, the September jobs report came in weaker than expected, and the previous two months showed sharp downward revisions. The knee-jerk reaction is that a weaker labor market supports the Fed’s current position of suspending interest rates at their current level.
Investors will now wait for the latest inflation figures, which will not be published until mid-November. Next week will bring another full week of earnings reports. While most companies continue to beat earnings expectations, many are lowering their forecasts for the rest of the year. If this trend continues, it could put pressure on stocks as business executives expect a weaker holiday season than expected.
Articles by Jea Yu
Now that Halloween has passed, investors are speculating about the outlook for the upcoming holiday season. Two of the top toy stocks for investors are Mattel Inc. (NYSE: MAT) And Hasbro Inc. NYSE:A.
This week, Jea Yu analyzed recent earnings reports from both companies and explained why weak forecasts suggest investors may want to wait before purchasing shares of either company.
While toy stocks may be a wait-and-see investment, the outlook for cybersecurity stocks looks much better. In a sector that has performed very well in 2023, many stocks may seem out of reach for some investors. However, Yu analyzes two cybersecurity values which are down after earnings, creating a buying opportunity for patient investors.
Conversely, clean energy stocks have bombed this year, but an exception can be found in uranium stocks. Yu gives investors two stocks of uranium as uranium prices are at a 10-year high and likely to rise due to growing demand for nuclear power and geopolitical instability.
Articles by Thomas Hughes
After Exxon Mobil Corporation NYSE:XOM And Chevron Corporation NYSE: CVX everyone announced important agreementsinvestors may wonder which stock is a best choice for their wallet. That’s the question Thomas Hughes answered by explaining what each trade means, why each stock falls after earnings, and the technical outlook for each stock.
Hughes also wrote about the slow but steady recovery that occurs with Intel Company NYSE: INTC. As Hughes points out, this story is still in its early stages, but the dividend reinstatement is one of the five reasons Hughes believes INTC stock should attract investors’ attention.
The summer and early fall have been tough for restaurant stocks, and investors are wondering if the consumer has exhausted their reserves. However, as Hughes writes, the results of McDonald’s Company NYSE:MCD show that the best-in-class companiesCountries, especially those that have embraced digital, are doing well today and have strong prospects for the future.
Articles by Sam Quirke
One of the stories that moved the market this week was the earnings report from Apple Inc. NASDAQ:AAPL. The tech giant is a bellwether not only for the tech sector, but also for the broader market. Before Apple released its report, did you read Sam Quirke’s earnings preview? Otherwise, the article still explains why the long-term outlook for AAPL stock still seems favorable.
Quirke also analyzed the recent earnings report from Amazon.com Inc. NASDAQ:AMZN. Quirke highlighted three points from the earnings report that could hold AMZN stock to new heights.
And sticking to the tech sector, Quirke wrote about the prospects for Roblox Company NYSE: RBLX. As Quirke writes, the stock has been constrained for over a year, but it has recently rallied, and Quirke provides analysis of why RBLX Stock May Be Just Getting Started.
Articles by Kate Stalter
Tesla Inc. NASDAQ:TSLA the title was already under pressure after its quarterly results report. This week, Kate Stalter wrote about the latest decline in TSLA stock. The electric vehicle maker is closely linked to the semiconductor industry, and the weak forecasts Since ON Semiconductor Corp. NASDAQ:ON further confirms that demand for electric vehicles is stagnating, at best.
Stalter also wrote about the passage Johnson & Johnson NYSE:JNJ action. In this case, investors are languishing in the stock as the company continues to seek a settlement to a series of talc-based lawsuits. considering bankruptcy.
On a more positive note, Stalter looked five blue-chip stocks from the Dow who fared “less badly” during the recent correction. As Stalter reminds investors, that’s a good sign for knowing which stocks might be poised to outperform when the market turns.
Articles by Ryan Hasson
This week Ryan Hasson wrote about HUB Cybersecurity NASDAQ:HUBC. It is a small-cap cybersecurity company headquartered in Israel and whose shares have seen triple-digit growth over the past month. As any investor exposed to small caps understands, what goes up sharply can quickly go down just as sharply. Hasson helps explain the catalysts behind recent price movement and an explanation of the technical signals that the company will need to overcome.
Articles by Gabriel Osorio-Mazilli
3M NYSE:MMM was a difficult time buy and keep for many investors due to his multiple lawsuits. Although a settlement has been reached, questions remain about how this settlement could affect the company’s dividend, which remains one of the most compelling reasons to own shares. Gabriel Osorio-Mazilli explains why the the dividend may be safer than you thinkwhich may be bullish for MMM stock.
Osorio-Mazilli also reviewed the outlook for oil stocks and told investors two oil stocks that seem favorable as the United States seeks to import oil partners.
Contrarian investors looking to profit from this market may want to look into the consumer discretionary sector. When you do, Osorio-Mazilli suggests looking two low beta stocks which analysts say have a wide gap for growth.
MarketBeat Staff Articles
Index providers periodically reassess and, if necessary, rebalance their benchmarks in order to maintain a more accurate representation of market capitalization and style. The MarketBeat team wrote about the recent changes to small-cap companies. S&P 600 Index and highlighted two names that will be very familiar to investors.
The staff also wrote about MarketBeat’s Stock of the Week, Uber Technologies Inc. NYSE:UBER. The big news for the company is its launch of fully autonomous vehicles in a test market in Phoenix, Arizona. Investors may want to know if Uber has any further comments on the program when it reports earnings on November 7.
Before considering Mattel, you’ll want to hear this.
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