The U.S. presidential election remains undecided. But the global stock market does not seem to care. In fact, stocks seem overjoyed – the S&P 500 (SPY) and NASDAQ 100 (QQQ) delivered a huge 2-day rally that ranks as one of the best in post election history.
The stock market is moving into the time period that is historically the best six months of the annual cycle. Stocks have a history of delivering great returns from November through April.
The S&P 500 saw a small 10% pullback in September, historically the worst month of the year for stocks. However the leading index was quick to rebound and is now trading just below the all-time high. Looking forward stocks are moving into the strongest six months of the year and I expect more gains this year.
The global gaming industry is expected to see huge growth in the next five years. Corsair Gaming, a leading maker of gaming hardware and accessories, is a direct play on the trend and just started trading on the NASDAQ.
Palantir is one of the largest privately owned companies in the world and shares just started trading on the NASDAQ with means investors can own this stock.
September is historically the worst month of the year for US stocks. It is the only month of the year with a negative return from 1925 to 2019. Looking forward I remain optimistic on the stock market. I am expecting more volatility in the next few weeks but I think the worst of the sell off is over.
We’ve got a flurry of stock IPOs set to start trading this week. An IPO is when a stock first starts trading on a stock exchange such as the New York Stock Exchange or the NASDAQ. Stock IPOs can be a great opportunity to invest in a company early in the game. If that company does well its share price will climb, rewarding early investors with out sized gains.
After an incredible rally for the last five months US and global stocks took a tumble last week as volatility returned to the market. Despite the recent pullback I remain optimistic on stocks. I do not think this is the beginning of larger decline. I think this is a normal and healthy pullback after a huge rally. These pullbacks are usually good for stocks.
Earnings season is in full swing and we’ve seen some excellent reports from some of our favorite stocks that have sent shares jumping higher.
The most important two weeks of the third quarter have arrived. Earnings season happens at the beginning of every quarter and it’s when the 500 largest companies in the US report results for the previous 12 weeks. These companies also share guidance on future sales and earnings.
