Stocks opened higher this week ahead of the year’s final Federal Open Market Committee Meeting and upcoming international trade in goods and services data — and more in Monday’s stock market recap.
Earnings reports have also revealed that a wide range of companies, including industry giants Amazon.com Inc. (Nasdaq: AMZN) and Apple Inc. (Nasdaq: AAPL), are facing challenges due to supply chain issues and rising costs.
Stock Market Recap
In Monday’s stock market recap, the FOMC is scheduled to present an updated timeline for bond tapering and potential interest rate hikes on Wednesday. Investors are anxious to find out if ongoing supply chain issues have pushed the Federal Reserve’s timeline to dial back economic stimulus.
And despite supply chain issues pushing prices higher, economists and retailers expect consumers to continue spending through the holiday season.
We could see choppiness in the near future due to an overbought market and this week’s big data. And I’ve identified a handful of stocks and the best sectors to focus on this week…
Roger’s Radar: Two Sectors Set to Rise
Earnings so far have come in strong, overshadowing ongoing supply chain issues, which bodes well for the Consumer Discretionary sector.
Consumer Discretionary could see some more upside, or at least remain near its current levels.
Meanwhile, the Energy and Financials sectors look to be cooling off, but there are two other sectors set to rise.
In this video, you’ll discover why the stock market is up so much this morning… whether consumers are going to change their habits during the holidays… which two sectors are set to rise over the near term… which two sectors are expected to consolidate over the near term… the single biggest report influencing stocks this week… a complete breakdown of the bond market and 11 major sectors… and this week’s plan to tackle the market.
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