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Weekly Market Review: 11/20 – 11/24

Key Points

  • Stocks continued to rally during a short trading week, but the rally’s breadth continues to be confined to a small group of stocks. 
  • Earnings season is winding down, but there are several important reports to watch next week. 
  • Here are some of our most popular articles from this week.   
  • 5 stocks we like better than Salesforce

Stocks continued to rally in a short trading week.  Investor interest continues to focus on a select group of stocks, particularly in the technology sector, as the broader market rally remains restricted to specific stocks. Nevertheless, if the yield on the 10-year Treasury note continues to decline, there may be grounds for investors to allocate their resources in the stock market.  

As the current earnings season winds down, several significant reports are on the horizon for the following week, including Salesforce Inc. NYSE: CRM, CrowdStrike Holdings Inc. NASDAQ: CRWD, Snowfake Inc. NYSE: SNOW, and Dollar Tree Inc. NASDAQ: DLTR, which will provide additional insights into consumer health during the holiday season.  

Another focus for investors will be the outlook for energy stocks following the OPEC+ meeting, offering a glimpse into production projections for 2024. usafinancetrends covers all this and more. Here are some of our most popular articles from this week.  

Articles by Jea Yu 

Last week, Jea Yu wrote about two stocks that missed on earnings but saw their stocks move higher. This week, Yu analyzed two stocks that are falling despite an earnings beat. As is the case with many stocks, analysts looked beyond the headline numbers and saw reasons to believe these stocks may be overvalued. 

On the other hand, Yu was looking at two stocks that underpromised and over-delivered. To be fair, companies do this quite a bit, but as Yu writes, it can set up a trade opportunity when traders identify these discrepancies.  

Yu was also writing about the comeback underway for Wynn Resorts Limited NASDAQ: WYNN. Much of the resurgence in shares of the luxury resort and casino operator can be attributed to the Covid-19 restrictions being lifted in China. The company may also get a surprise catalyst from the Middle East as soon as 2027.  

Articles by Thomas Hughes 

By the time you read this, Black Friday will have come and gone. However, Thomas Hughes gives you three retail stocks that may have the worst already priced in. In each case, traders may want to consider these names for a possible turnaround. 

Hughes also reminded investors that it can pay to ride the hot hand. In this case, he recommended that investors look at the most upgraded stocks page on usafinancetrends to find the stocks that analysts are upgrading. Not only are many of the top names monetizing AI, but many have yet to report earnings. Traders will want to watch these names closely for year-end trade opportunities as earnings season winds down.  

A different way to play the tech sector is by looking at the medical device sector, which includes robotics and AI. In the case of Medtronic PLC NYSE: MDT, Hughes notes that after two long years, a bottom may be in, giving investors a solid long-term opportunity.  

Articles by Sam Quirke 

Chris Markoch was also eyeing one of the promising names in the retail sector with . was surging before earnings. However, a mixed earnings report and even more mixed guidance has KSS stock selling off. Markoch points out that although the stock has some attractive fundamentals, it may still be a better trade than an investment.  

Articles by Kate Stalter  

Microsoft Corporation NASDAQ: MSFT was making noise this week on news it was establishing its own AI division and hiring OpenAI CEO Sam Altman, who was fired on November 17, as well as co-founder Greg Brockman to run it. OpenAI has subsequently rehired Altman, but Stalter cites several reasons why this won’t derail the company’s AI ambitions, whoever is leading the charge.  

The bounce in oil prices has reversed, and many of the are trading lower as a result. But as Stalter writes, are less sensitive to fluctuations in oil prices. With that in mind, Stalter offers several names in the energy sector that may be under the radar for many investors.  

Articles by Ryan Hasson 

This week, usafinancetrends analysts approached the hotly anticipated earnings report from from every angle. Ryan Hasson helped summarize the company’s earnings report, which was a blockbuster despite .  

Hasson was also writing about the surge in bank stocks. These have been laggards for much of the year but have been moving higher as the rate of inflation slows, which is allowing the Federal Reserve to keep interest rates at their current level. Hasson gives investors three bank stocks that continue to offer upside. 

Another sector that continues to defy expectations is homebuilder stocks. The issue here is insatiable demand that continues as individuals who have relocated to different areas continue to drive up demand even as the inventory of existing homes remains small. Hasson gives you several names to consider in this sector.  

Articles by Gabriel Osorio-Mazilli 

Gabriel Osorio-Mazilli wrote about Nvidia before earnings, and he reminded investors that some stocks are expensive for a reason. Nvidia is one of them, giving investors several reasons to continue buying the stock even at an eye-popping valuation.  

Taking the other side of the valuation argument, Osorio-Mazilii analyzed three stocks that have been getting pulled lower as investors believe their cheap valuation may indicate underlying problems. Osorio-Mazilli helps debunk those objections and points you to three bargain stocks with value hiding in plain sight.  

As we enter the home stretch of 2024, Osorio-Mazilli was also writing about three agricultural stocks that play off the idea that every investor has a common denominator… they all provide the food that consumers will need, which makes these stocks solid defensive performers even as they offer a tech spin.  

Articles by usafinancetrends Staff 

Continuing to look at retail stocks, the usafinancetrends staff wrote about why investors may want to follow the lead of shoppers frequenting The Gap Inc. NYSE: GPS. The results virtually ensure that the company will close out a profitable year after a disappointing year in 2022. But as our staff points out, the stock’s short-term fortunes will depend on the results from the current quarter. 

Before you consider Salesforce, you’ll want to hear this.

usafinancetrends keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. usafinancetrends has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Salesforce wasn’t on the list.

While Salesforce currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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