Key points
- Stocks ignored hawkish comments from the Federal Reserve and closed the week with a strong rally.
- The rally is not broad-based and could reverse when investors receive the latest information on inflation and retail stocks next week.
- Here are some of our most popular articles this week.
- 5 stocks we like better than Fastly
Stocks closed the week with a strong rebound that erased any losses the market suffered after Fed Chairman Jerome Powell reiterated the Fed’s stance that further interest rate hikes could be necessary to combat inflation.
However, the recovery was not widespread, with technology stocks capturing most of the winnings. And many key indicators still suggest these gains could be short-lived. The tipping point will likely come from the next inflation figures.
The Consumer Price Index (CPI) and Producer Price Index (PPI) will be released next week, as will major retailers Walmart and Target. Although this data will be late, it will help investors decide the outlook for the upcoming holiday season.
Articles by Jea Yu
Artificial Intelligence (AI) Stocks declined sharply in the last quarter due to concerns about companies’ ability to monetize AI. If so, investors may want to take a close look Quickly Inc. NYSE:FSLY. Jea Yu updated investors after the company delivered a double beat and maintained guidance this was consistent with estimates. Although not yet profitable, the company’s revenue continues to grow as customers adopt the company’s business of using AI to optimize content delivery to the network edge.
Yu also watched two biotech stocks companies that have published disappointing results. For Pfizer, Inc. NYSE:PFE, the liquidation continues a trend that has been in place for almost a year. The correction in Sanofi NASDAQ:SNY is more recent. Read Yu’s article to see if either stock presents a buying opportunity.
Continuing his search for potential turnaround opportunities, Yu analyzed three lithium stocks which are trading lower due to weaker forecasts, but could be great buys if the electric vehicle (EV) market continues to deliver on its long-term promise.
Articles by Thomas Hughes
Thomas Hughes presented investors with a different way to think about AI stocks. More precisely, which companies using AI to help investors make better decisions? Hughes offers investors three companies to consider if they are looking to invest in artificial intelligence in unique ways.
It’s been a tough earnings season for electric vehicle (EV) makers. This is one of the reasons Rivian Automotive, Inc. NASDAQ:RIVN come out. The company had a double beat and raises its guidance for the year. Analysts raise their outlook for the stock as it trades at a critical support level.
Hughes also reminded investors looking for quality dividends to consider buy-and-hold stocks. three health insurance actions which are becoming increasingly lean due to secular trends, federal law, and the rise of AI.
Articles by Sam Quirke
You know it’s a tough year for semiconductor stocks, even though NVIDIA Company NASDAQ:NVDA are falling. But as Sam Quirke writes, after trading sideways for almost a year, Qualcomm Inc. NASDAQ:QCOM gives investors several reasons to believe this may be a buying opportunity in what remains a volatile sector.
Quirke also reflected on the exceptional performance of Birkenstock Holding SA NYSE:BIRK. As Quirke notes, the initial reaction to the IPO was a little scary, but the stock has more than recovered and is benefiting from the strong support of analysts, Some are calling for a 30% upside from the stock’s recent high of more than $42 per share.
Articles by Chris Markoch
Vertex Pharmaceuticals NYSE:VRTX pulls back from its all-time high despite a solid earnings beat. As Chris Markoch writes this week, the title the price may have been set for a perfect earnings report, and it only took a slight shortfall for investors to make a profit. However, the company has two catalysts over the next two quarters that, if the news is positive, will likely propel the stock to new highs.
Articles by Kate Stalter
The U.S. economy may or may not be in a recession, but Kate Stalter reminded investors this week that facts don’t care about feelings and laid out some facts in the banking and trucking sectors it can indicate where the economy as a whole is heading. We encourage you to read Kate’s article and invest accordingly.
On a more positive note, Statler reminded investors that this is a stock-picking market and confirmed this by pointing investors to three companies: Airbnb Inc. NASDAQ:ABNB, Intel Corp. NASDAQ:INTC And Live Nation Entertainment Inc. NYSE:LYV – with little in common except that all three profit expectations dashedcreating the three buying opportunities in the fourth quarter.
Stalter also wrote about price developments around Eli Lilly and Co. NYSE:LLY after receiving approval from US regulators for its weight loss drug Zepbound. Lilly is the latest to enter this growing sector, and analysts say the company will likely be one of the winners in space.
Articles by Ryan Hasson
Ryan Hasson analyzed the results report of Palantir Technologies, Inc. NYSE: PLTR. It’s a company that some investors love and others love to hate. Hasson helps you eliminate the emotion and gives you the positive and the negative to be considered on the post-PLTR action benefits.
Hasson also wrote about Roku Inc. NASDAQ:ROKU, which rose sharply after earnings. However, Cathie Wood has reduced her position, and some investors are wondering if the stock is overbought.
And while many investors look for risk-free stocks, some risk-tolerant investors may be looking for opportunity in penny stocks. If this fits your investing style, Hasson writes about five penny stocks in the aerospace and defense sector. This could create an opportunity to find cheap stocks in a sector that is expected to see strong growth in the coming years.
Articles by Gabriel Osorio-Mazilli
Earlier this year, many investors were surprised to learn that Warren Buffett was buying shares of home builders. But Gabriel Osorio-Mazilli recalls that investors who paid attention could see that it was a logical decision, and that it is bearing fruit now and could continue to bear fruit until 2024.
Clothing inventories have fallen as retailers try to resize their inventories. But, as Osorio-Mazilli points out, that could change in the shoe world. This week he explains why investors looking for certainty I might consider just buying adidas AG OTCMKTS: ADD instead of Nike, Inc. NYSE:NKE.
One stock that most investors will have no problem backing is Celsius Holdings Inc. NASDAQ:CELH. THE the stock is up almost 50% in 2023, and Osorio-Mazilli analyzes why the company’s stock might have a long way to go.
MarketBeat Staff Articles
Bearish investors won’t want to read what the MarketBeat team wrote this week. The team was studying three bullish narratives. First, institutional investors often view one year’s laggards as potential winners the following year. The MarketBeat team writes about three struggling stocks that Wall Street says could be next year’s big winners.
For risk-tolerant traders looking for ideas on which stocks to trade this earnings season, the team profiled several large-cap names that have yet to report but are expected to beat their profits, which means now is the time for you to put these stocks on the stock market. your radar.
And finally the staff asked what’s in your wallet? It’s ironic, we know, but if you’re looking for opportunities in financial stocksyou will want to read why Capital One Financial Company NYSE:COF it may be worth a closer look.
Before you consider Fastly, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat identified the five actions that top analysts are quietly whispering to their clients to buy now before the broader market tanks…and Fastly wasn’t on the list.
Although Fastly currently enjoys a “Hold” rating among analysts, top-rated analysts believe these five stocks are Better Buys.
Are you considering investing in Meta, Roblox or Unity? Click the link to learn what savvy investors need to know about the Metaverse and public markets before making an investment.