DavidSG
09-05

Probably to stay away from TECH stocks for this period of time, seems that Comsumer Stables stock will be doing well. Meanwhile wait till the election to be over and moving onwards to Q4 2024.

$Procter & Gamble(PG)$  $Pepsi(PEP)$  $Coca-Cola(KO)$  

@OptionsBB  @TechnicalHunter  @JC888  @icycrystal  @koolgal  

Pricing Recession? Which Defensive Stocks Do You Pick?
Tech stocks led the decline on Tuesday, with the Nasdaq dropping more than 3%. Manufacturing activity in the U.S. contracted for the fifth consecutive month in August, with orders and production indicators accelerating their decline. Lower than expected manufacturing data raised concerns among investors about a potential recession in the U.S. economy. However, consumer staples surged, with KO, Pepsi, and PG rising around 2%. Do you have consumer staples in your portfolio? Which one do you favor?
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

  • Happiness.
    09-05
    Happiness.
    Almost all consumer staples stocks are at all time high now. It is a risk to buy it now. It was ok to buy before 2-3 months ago. For Tech,, you buy and hold if you believed in your investments long terms.
  • icycrystal
    09-05
    icycrystal
    thanks for sharing
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