Play Safe! S&P 500 is Teasingly Close to its 50 DMA: 3 Picks

Zacks04-12

The S&P 500 notched a marvelous rally in the first three months of 2024, banking on AI optimism and hopes that the Federal Reserve will cut interest rates in the second half of this year. However, the...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2426738044?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/w8KseYyKboeNslYE95Yrcw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/0ff845c3959728fc044879d34b418a36","is_english":true,"pubTime":"2024-04-12 20:09","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2426738044","market":"us","top_or_hot":-1,"title":"Play Safe! S&P 500 is Teasingly Close to its 50 DMA: 3 Picks","media":"Zacks","content":"<div>\n<p>The S&P 500 notched a marvelous rally in the first three months of 2024, banking on AI optimism and hopes that the Federal Reserve will cut interest rates in the second half of this year.\nHowever, the...</p>\n\n<a href=\"https://finance.yahoo.com/news/play-safe-p-500-teasingly-120900368.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Play Safe! S&P 500 is Teasingly Close to its 50 DMA: 3 Picks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlay Safe! S&P 500 is Teasingly Close to its 50 DMA: 3 Picks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-12 20:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/play-safe-p-500-teasingly-120900368.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 notched a marvelous rally in the first three months of 2024, banking on AI optimism and hopes that the Federal Reserve will cut interest rates in the second half of this year.\nHowever, the...</p>\n\n<a href=\"https://finance.yahoo.com/news/play-safe-p-500-teasingly-120900368.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://finance.yahoo.com/news/play-safe-p-500-teasingly-120900368.html","article_id":"2426738044","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/w8KseYyKboeNslYE95Yrcw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/0ff845c3959728fc044879d34b418a36"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2426738044","pubTimestamp":1712923740,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The S&P 500 notched a marvelous rally in the first three months of 2024, banking on AI optimism and hopes that the Federal Reserve will cut interest rates in the second half of this year.However, the broader index has experienced a topsy-turvy ride so far this month. This is because of a hotter-than-expected rise in consumer prices and an uptick in wholesale prices that dampened the chances of any rate cuts soon.The Labor Department noted that the consumer price index increased 0.4% month over month in March and rose 3.5% from a year ago, the biggest gain in six months. Analysts had projected a gain of 0.3% sequentially and an increase of 3.4% year over year.The S&P 500, thus, has retreated more than 1% so far in April despite ending the last trading session in the green. In reality, the S&P 500 was tantalizingly close to its 50-day moving average  on Apr 11.OGN has a dividend yield of 6.2% and a 5-year dividend yield of 4.5%. The Zacks","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","IVV":"标普500指数ETF","BK4533":"AQR资本管理(全球第二大对冲基金)","IBM":"IBM","BK4007":"制药","SSO":"两倍做多标普500ETF","BK4575":"芯片概念","SDS":"两倍做空标普500ETF","IRM":"爱恩铁山","BK4559":"巴菲特持仓","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","SH":"标普500反向ETF","BK4538":"云计算","BK4579":"人工智能","BK4588":"碎股","OEF":"标普100指数ETF-iShares","BK4234":"特殊用途房地产信托","SPXU":"三倍做空标普500ETF","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","LU2065169927.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC","BK4581":"高盛持仓","BK4504":"桥水持仓","OGN":"Organon & Co","UPRO":"三倍做多标普500ETF","SPY":"标普500ETF","DMA":"Destra Multi Alternative Fund",".SPX":"S&P 500 Index","OEX":"标普100","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC"},"translate_title":"注意安全！标普500接近50 DMA：3选秀权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".SPX":1,"OGN":1,"SPY":1,"IRM":1,"DMA":1,"US7Y.BOND":0.9,"US6M.BOND":0.9,"US10Y.BOND":0.9,"US5Y.BOND":0.9,"IBM":0.9,"US12M.BOND":0.9,"US3Y.BOND":0.9,"US30Y.BOND":0.9,"US2Y.BOND":0.9,"US912797HE00.BOND":0.6,"SPXU":0.6,"US912797HH31.BOND":0.6,"US912797HG57.BOND":0.6,"SSO":0.6,"UPRO":0.6,"US912797GL51.BOND":0.6,"US912797GW17.BOND":0.6,"US912796CX52.BOND":0.6,"US912797FH58.BOND":0.6,"US912797FS14.BOND":0.6,"US912797GB79.BOND":0.6,"US912797GK78.BOND":0.6,"SH":0.6,"ESmain":0.6,"IVV":0.6,"OEF":0.6,"OEX":0.6,"SDS":0.6},"content_text":"The S&P 500 notched a marvelous rally in the first three months of 2024, banking on AI optimism and hopes that the Federal Reserve will cut interest rates in the second half of this year.\nHowever, the broader index has experienced a topsy-turvy ride so far this month. This is because of a hotter-than-expected rise in consumer prices and an uptick in wholesale prices that dampened the chances of any rate cuts soon.\nEven though the prices of indispensable goods and services dropped significantly from their peak of 9.1% in June 2022, they remain well above the coronavirus pandemic mark.\nThe Labor Department noted that the consumer price index increased 0.4% month over month in March and rose 3.5% from a year ago, the biggest gain in six months. Analysts had projected a gain of 0.3% sequentially and an increase of 3.4% year over year.\nThe increase in gasoline and shelter costs largely contributed to the rise in consumer prices. Wholesale prices also heated up last month. In the 12 months ending in March, the producer price index increased 2.1%, up from February’s gain of 1.6%. An increase in service prices mostly drove wholesale prices higher, added the Labor Department.\nNeedless to say, an increase in price pressures will compel the Fed to hold rates steady, which are already at record highs. Higher rates curtail consumer outlays, jack up borrowing costs, derail economic growth and lead to gyration in the stock market.\nThe S&P 500, thus, has retreated more than 1% so far in April despite ending the last trading session in the green. In reality, the S&P 500 was tantalizingly close to its 50-day moving average (DMA) on Apr 11.\nWhile trading at its session low on Thursday, the S&P 500 was within 33 points of its 50 DMA. It was the closest level the index had reached to its 50 DMA since Nov 2, per FactSet data.\nLest we forget that if the index had fallen below the 50 DMA, it was destined to decline further. Hence, in such a precarious scenario, astute investors should play safe and invest in stocks such as Iron Mountain Incorporated IRM, Organon & Co. OGN and International Business Machines Corporation IBM.\nThese stocks carry a low beta (ranges from 0 to 1), making them immune to market upheavals. They also provide dividends, a tell-tale sign that they have a sound business model that helps them counter market vagaries. They have a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nIron Mountain provides records & information management services. The company has a beta of 0.94 and a Zacks Rank #1.\nIRM has a dividend yield of 3.4% and a 5-year dividend yield of 6.2%. The Zacks Consensus Estimate for its current-year earnings has moved up 4.5% over the past 60 days. The company’s expected earnings growth rate for the current year is 7.3%.\nOrganon is a healthcare company. The company has a beta of 0.83 and a Zacks Rank #1.\nOGN has a dividend yield of 6.2% and a 5-year dividend yield of 4.5%. The Zacks Consensus Estimate for its current-year earnings has moved up nearly 1% over the past 60 days. The company’s expected earnings growth rate for the current year is 2.4%.\nInternational Business Machines has evolved as a provider of cloud and data platforms. The company has a beta of 0.7 and a Zacks Rank #2.\nIBM has a dividend yield of 3.6% and a 5-year dividend yield of 4.9%. The Zacks Consensus Estimate for its current-year earnings has moved up 0.3% over the past 60 days. The company’s expected earnings growth rate for the current year is 4.7%.\nShares of Iron Mountain, Organon, and International Business Machines have gained 9.5%, 26.8%, and 13.7%, respectively, year to date.\n\nImage Source: Zacks Investment Research\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nInternational Business Machines Corporation (IBM) : Free Stock Analysis Report\nIron Mountain Incorporated (IRM) : Free Stock Analysis Report\nOrganon & Co. (OGN) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2426738044"}