MarketBeat: Week in Review 11/2 - 11/6

The jobs report is pushing the market higher to end a week full of news. Between election results, the continued debate over the infrastructure bill, and the Fed announcing the beginning of its tapering of asset purchases there was a lot to digest. And companies continue to report earnings as well. Although some companies such as Peloton (NASDAQ:PTON) are sounding the alarm about the effect the supply chain dilemma will have on future revenue and profits. However, for all the volatility, equities still look like the place for growth-minded investors to be. Earnings season continues next week starting with meme stock favorite, AMC Entertainment (NYSE:AMC) on November 8. You can count on the MarketBeat team to identify and analyze the stocks and the stories that are moving the market.

Articles by Sean Sechler                                                                                                                                                                

The Covid-19 pandemic continues to create opportunities for investors. In 2020, much of the attention was focused, rightfully so, on companies like Moderna (NASDAQ:MRNA) that were racing to produce a vaccine. Today, the landscape has shifted but as Sean Sechler points out there are still attractive Covid stocks that look attractive heading into 2022. For investors that may be looking to avoid the volatility in the market, Sechler provided three stocks that should appeal to conservative investors. Sechler also reminds investors that the industrial sector is one that’s worth watching with the likely package of an infrastructure bill of some form. And Sechler analyzes three industrial stocks that can help investors take advantage of this sector.

Articles by Jea Yu                                                                     

Progenity (NASDAQ:PROG) was one of many biotech companies affected by the pandemic. However, the company is seeing improving revenues. And with several patents in place, Yu believes that the stock gives opportunistic investors an opportunity to buy the stock on any pullback. Yu is also analyzing the prospects for Camping World (NYSE:CWH). Continuing strong demand for the company’s products is not manifesting in the CWH stock price. Investors need to weigh the risk of potentially rising interest rates with the likelihood of continued demand in deciding whether to take a position. Another speculative stock that Yu was analyzing is Plug Power (NASDAQ:PLUG). Hydrogen is beginning to deliver on its promise and Plug Power is a leader in that space, which makes it an attractive option for investors looking to invest in the clean energy sector.

Articles by Thomas Hughes

Sometimes selling the news doesn’t pay off. That appears to be the case with AbbVie (NYSE:ABBV). The stock has been trading at a discount due to rumors that its drug candidate, Rinvoq might be reclassified to another class of drugs. That has turned out to be untrue and that is giving investors a reason to look at AbbVie for the rest of its portfolio as well as its attractive dividend yield. Newell Brands (NASDAQ:NWL) is another company with an attractive dividend yield for investors to consider. The company just reported strong earnings and received an upgrade from JPMorgan Chase (NYSE:JPM) which makes it an attractive buy. And Hughes was also looking at Kellogg’s (NYSE:K) and advising investors that there still may be some growth left for a company that is currently navigating the supply chain crisis with increasing margins. However, Hughes points out that the stock is bumping up against resistance below the consensus price of analysts.

Articles by Chris Markoch

American Water Works (NYSE:AWK) has been behaving more like a growth stock than a boring utility stock. However, Chris Markoch points out that that company stands to benefit from any infrastructure bill and for that reason, along with its solid dividend makes it a good play for investors of all stripes. Markoch was also looking at Simon Property Group (NYSE:SPG) that just posted a strong earnings report that showed its innovative business plan is paying off. Combined with growing foot traffic at its mall-based properties and there’s a reason to buy SPG group before it stops selling at a discount. One stock that is certainly not trading at a discount is Paycom (NYSE:PAYC). However, a strong earnings report and the recent jobs report should provide more room for the stock to move higher.

Articles by Kate Stalter

DocuSign (NASDAQ:DOCU) was one of the biggest pandemic winners. However, shares of DOCU stock have started to consolidate. Kate Stalter points out that the company has several catalysts including its recently announced partnership with Salesforce (NYSE:CRM). However, she advised investors that it may be best to wait until after the company reports earnings to see if there is any news to generate more interest from analysts. Another group of stocks that benefited from the pandemic were companies that make collaboration software. However, as Stalter points out the remote work trend only accelerated the growth that was already happening. And she gave readers three collaboration software stocks that are showing technical strength. Stalter was also analyzing Target (NYSE:TGT) which is  another stock that is giving off bullish technical signals ahead of its earnings report on November 17.