As the delta variant spreads, governments around the world have started implementing new pandemic restrictions. If we go to a stay-at-home environment again, we could see a rise in stocks that fared well during the start of the pandemic in 2020. I’ve identified two financial stocks and 1 REIT with low-risk profit potential — and more in today’s stock market recap.
Stock Market Recap
In today’s stock market recap, global markets are mixed as COVID-19 worries set in and positive earnings are cast aside.
The bond market has pushed higher the past four months. The Federal Reserve has announced it may raise rates sooner than expected due to high inflation. Increasing COVID-19 cases and potential government restrictions will factor into the Fed’s timeline on easing stimulus and interest rate suppression.
Tech stocks have moved higher as the chances for another stay-at-home environment rise. The Financials, Industrials and Materials sectors are my favorites right now. The Health Care sector looks overbought and we might want to wait for stocks to pull back before jumping in.
More than 100 companies in the S&P 500 report earnings this week. And nearly nine out of 10 companies in the sector have beaten earnings so far. Positive earnings news has been overshadowed by inflation, supply chain issues and rising COVID-19 cases.
Roger’s Radar: 2 Financial Stocks and 1 REIT Ready to Rise
The economy is humming and people are starting to use credit more. Visa Inc. (NYSE: V) has pulled back to its 50-day moving average and could bounce back above its recent high. Financial stocks are looking great right now, and I like V in this bunch.
Another financial stock for today is a company that owns exchanges for financial and commodity markets. It will benefit if people work from home and increase their trading as they did in 2020. The REIT I’ve picked out acquires and manages Single Tenant Operational Real Estate. I like to call these “boring” stocks… And although they might not be as attractive as others, they offer low risk and strong profit potential right now.
In this video, you’ll discover the biggest news impacting stocks today… important price action to watch for in bonds… an analysis of the 11 major sectors within the S&P 500… the top sector to buy and weakest sector to fade… and the top stocks on my radar offering low-risk profit potential.
Most people don’t know this, but there’s a secret calendar that reveals the exact dates certain stocks on Wall Street are going to go up every single year.
I’m serious. This mysterious calendar has spotted a new stock every single week that, once triggered, pops like clockwork.
It’s so accurate, you could set your clock to it and watch your trades shoot to the moon — regardless of what’s going on in the rest of the stock market. And let’s face it — there’s a lot going on in the market this summer.
So instead of trying to pick stocks in overbought markets and interest rate-sensitive sectors — try trading stocks that have a 10-year track record of moving higher during special primetime windows.
Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.