It’s the season of giving. But the market hasn’t been in a very giving mood. October and November have seen some of the most trendy stocks stumble to find solid ground. Marijuana stocks? Down in a puff of smoke. FAANG stocks? They lost their bite. Even oil stocks that seemed to be recovering look like a gigantic head fake.
But the question investors really want an answer to is why are so many good stocks down? And there’s plenty to look for there as well. Interest rates are rising and are expected to do so through 2019. The trade war with China shows no sign of stopping anytime soon and speaking of China – their economy is showing signs of weakness that are giving investors pause. And just for good measure, investors are still trying to discern exactly how the mid-term elections will affect our economic and monetary policy.
However, the news isn't all bad. Analysts are expecting to see strong earnings reports. Unemployment is down, consumer confidence is up. And by the looks of Black Friday and Cyber Monday, the Holiday season is off to a strong start. All we need is the traditional and expected Santa Claus rally.
As an investor, now is the time to look through the clearance rack and buy some quality stocks that are heavily discounted right now. These are good stocks that have come upon hard times. But they are showing signs of recovery, and this makes now the perfect time to buy them and ride them into the Holidays and beyond.
Click the "Continue to Slide #1" button to view the first company.
