In this video, I will be talking about the three growth stocks I added to my portfolio in November. Tesla (NASDAQ: TSLA) is down 52% year to date and has been underperforming lately because of the Twitter deal. The other two are down 30% and 50%, respectively.
If you keep up with technological advances, you’ll know the internet of things (IoT) is making our devices and their data increasingly interconnected — and predictions suggest there will be 75 billion devices of this kind by 2025.
What's good for the economy, isn't always good for the equities market. It's a topsy-turvy world in which stock traders are looking for signs of a slowdown in U.S. hiring so that the Federal Reserve will have an excuse to pause its interest-rate hikes or even pivot to interest-rate cuts next year.
Even though Federal Reserve Chairman Jerome Powell's speech from a few days ago was this week's most impactful market event, this morning's employment-data report was also significant. So, let's see what the numbers indicate and how it could potentially affect your investments now.
Nonfarm Payrolls Print Comes in Hotter than Expected
At first glance, the Labor Department's report for the month of November might not seem noteworthy. After all, the 3.7% unemployment rate was perfectly in-line with what economists had anticipated. Yet, there's more to the story here. As it turns out,
nonfarm payrolls in the U.S. increased by 263,000 during the month of November. That's a lot higher than the 200,000 that economists had projected.
On top of that, average hourly earnings increased 0.6% year-over-year in November. Economists, meanwhile, had modeled an increase of 0.3%. In other words, a surprisingly high number of people are working and they're getting paid more than the experts had anticipated.
In order to slow down its trajectory of interest-rate increases, the Federal Reserve wanted to see signs of a cooling economy, which would help to tamp down inflation. However, given the aforementioned labor data, stock traders feel that the central bank will be less inclined to pause or pivot in the near future.
These Stocks are Impacted the Most
All of the major stock-market indices are down, with the Nasdaq falling further than the S&P 500 and the Dow Jones Industrial Average. As of 11:00 a.m. Eastern time, the Nasdaq was down 1.3%.
Clearly, last year's high flyers are at risk. The Nasdaq is dominated by 2021's growth stocks, such as Tesla (
NASDAQ: TSLA
), Meta Platforms (
NASDAQ: META
), and Netflix (
NASDAQ: NFLX
). These stocks, which had elevated P/E ratios last year, are vulnerable as the Federal Reserve continues to tighten its monetary policy.
Also, chipmakers are feeling the heat today as shares of semiconductor manufacturers Intel (
NASDAQ: INTC
), Advanced Micro Devices (
NASDAQ: AMD
), and Micron (
NASDAQ: MU
) are falling fast. Historically, chipmakers have tended to be susceptible to changes in interest rates.
There really are no safe havens in this environment, as even the less tech-heavy Dow Jones Industrial Average is in the red today. Investors might consider less volatile stocks for the time being, such as Walmart (
NYSE: WMT
), which generally has all-weather appeal.
Disclosure
The NASDAQ 100 Pre-Market Indicator is down -236.04 to 11,805.85. The total Pre-Market volume is currently 35,180,656 shares traded.The following are the most active stocks for the pre-market session: Anavex Life Sciences Corp. (AVXL) is +5 at $13.87, with 6,233,798 shares trade
MILAN (Reuters Breakingviews) - Beijing’s anti-Covid rules have triggered the biggest domestic protests since the Tiananmen Square uprising of 1989. While the Chinese government looks set to ease some health measur
For Immediate ReleaseChicago, IL – December 02, 2022 – Zacks Equity Research shares CONSOL Energy CEIX as the Bull of the Day and Whirlpool Corp. WHR as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Apple AAPL, Tesla TSLA and Meta META.
With the market's tumultuous 2022 drawing to a close, December is the last stepping stone to go. The month is traditionally a strong one for the market, with the force of holiday spending driving returns.
These days, the standard (or "forward") stock split garners a lot of attention. In fact, some of the country's most prominent companies have enacted such splits in recent times, including Tesla, Apple, and Amazon.
Electric vehicles look like the future of the automotive industry, and new and existing companies are sprinting to market to get their piece of the pie. That includes upstart electric vehicle company Lucid Group (NASDAQ: LCID), which came public with a lot of hype behind ex-Tesla
Fast-growing stocks were the driving force behind the market's 13-year climb following the Great Recession. Tech stocks, in particular, were the high-octane fuel that soared.Where the Nasdaq Composite index returned nearly 900% over that time frame, or more than twice what the S&
(RTTNews) - Tesla Inc. has delivered its first Semi, a heavy-duty electric truck, to its customer PepsiCo Inc. during an event at its Nevada Gigafactory.
Morgan Stanley is making modest job cuts worldwide, Chief Executive Officer James Gorman said on Thursday, as sluggish deal markets weigh on Wall Street profits.
Tesla Inc Chief Executive Elon Musk unveiled the company's first heavy-duty Semi truck on Thursday at an event in the electric automaker's Nevada plant, making its first foray into the trucking industry.
Tesla Inc Chief Executive Elon Musk unveiled the company's first heavy-duty Semi truck on Thursday at an event in the electric automaker's Nevada plant, making its first foray into the trucking industry.
In the latest trading session, Tesla (TSLA) closed at $194.70, marking no change from the previous day. This change was narrower than the S&P 500's daily loss of 0.09%. Elsewhere, the Dow lost 0.56%, while the tech-heavy Nasdaq added 0.22%.
Today, I provide stock analysis on the 10 best stocks to buy now in December that I believe have significant upside for long-term investors. I provide a blend of stocks, from hypergrowth stocks, to mature growth stocks and dividend stocks. These are the 10 best stocks to buy now
Wall Street slipped on Thursday as a contraction in manufacturing activity last month clouded data showing a mild easing in inflation and solid consumer spending, while a fall in Salesforce shares dragged the Dow lower.
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