Below is the usual Sunday night weekly summation, the main positive being the quick recovery the markets made from the big sell off. The big negative besides of course the expose of Bob Woodward's new book about Trump is that jobless claims have remained unchanged. The markets have been volatile for quite a long time now but particularly so in the past few weeks. In light of this, the bonus this Sunday is the latest edition of U.S. News Invested highlighting the ten best performing stocks for 2020, the perfect antidote for market instability. Have a great week.
Succinct Summations for the week ending September 11th, 2020
Positives:
1. Markets rally back from deep multi day sell off.
2. Home mortgage apps rose 3.0% w/o/w, improved 0.2%.
3. CPI rose 0.4% m/o/m, above expectations.
4. Job openings rose from 6.002M to 6.618M in June, above expectations.
Negatives:
1. We learned that POTUS was aware in January how dangerous Covid-19 was but purposefully downplayed the risk;
2. Jobless claims remained unchanged for the week at 884k, above expectations.
3. Consumer credit came in at $12.3B for July, below expectations.
4. Wholesale inventories fell 0.3%, below expectations.
9-10-20 10 of the Best Stocks to Buy for 2020 | Stock Market News | US News
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Invested
Advice, rankings and stock market news for investors.
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Good morning,
investors. It's National 401(k) Day. The
first Friday after Labor Day marks a great time of the year to check in
on your nest egg.
TODAY'S FEATURED STOCK
STORY
10
of the Best Stocks to Buy for 2020
The 2010s were kind
to the average Wall Street investor; the era ended as the first
uninterrupted full-decade bull market in history.
Going into 2020, the U.S. economy was still on solid footing, with the
largest looming concern being the U.S.-China trade war. This dynamic
informed the annual list of best stocks to buy that U.S. News puts
together, and, like the broader market, some of the highlighted stocks
were caught flat-footed.
That said, with interest rates near zero, the stock market remains an
essential long-term wealth-building tool for all financially able
Americans. Here's a look at U.S. News' picks for 10 of the best stocks to
buy for 2020, how they've performed in crisis and whether they're still
worth buying:
1. Medifast (ticker: MED). A
2.4% dividend and a forward price-earnings ratio of 15 make MED still
look attractive after its run-up this year, especially with analysts
expecting 20% compound earnings growth over the next five years.
2. Alibaba Group Holding (BABA). Asia's largest diversified
e-commerce company continued to put up robust growth numbers in the
second quarter, posting 59% year-over-year revenue growth in cloud
computing, a 34% increase in overall revenue from the prior year, and
mobile monthly active users of 874 million – up 16% year over year.
Click
here to continue.
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