October got off to an encouraging start, but it didn't take long for the markets to start selling off. Stocks still generally closed out the week higher. The "three stocks to avoid" in my column last week that I thought were going to lose to the market -- Apple, Conagra Brands, and Gold Fields -- rose 1.3%%, 0.7%, and 5.9%, respectively, averaging out to a 2.6% uptick. The S&P 500 experienced a 1.5% move lower, better than two of the three stocks but still short of the overall return. I was wrong. I have, though, been right in 32 of the past 51 weeks, or 63% of the time. Now let's look at the week ahead. I see Walgreens Boots Alliance, Blue Apron, and, again, Gold Fields as stocks you might want to consider steering clear of this week. Let's go over my near-term concerns with all three

Volatility is scarce in the crypto market, with Bitcoin hovering around $19,000, but extreme volatility is due today. Many investors are currently sidelined, as they eagerly anticipate the news of the Federal Reserve (U.S. Central Bank) decision on the next rate hike. They will clarify how much they will raise rates by.As mentioned previously, raising rates is negative for crypto because it means that it becomes more expensive to borrow because loan payments are larger and so it entices people to save more, which is what central banks want to clamp down on persistently high inflation.The market has priced in an 84% chance of a 75-basis point rate hike and a 16% chance of a 25-basis point rate hike. This means that the market is anticipating a 75-basis point rate hike.A 100-basis point rate

The Fed's forecast for rate hikes was more hawkish than expected.Even the usually implied volatility melt didn't help to lift stocks.The S&P 500 could probably fall to around 3,100.After several attempts to rein in the stock market, the Fed may have figured it out. The message was clear enough for a golden retriever(I have two) to understand. There was nothing cryptic or reading of the tea leaves to understand it.Powell struck the point again, reiterating his stance at Jackson Hole about his commitment to reining in inflation, which would create below-trend growth rates and higher unemployment. What solidified this commentary was the FOMC summary of economic projections, which laid it all out very nicely.There was nothing the equity market could cling to that it could twist and turn to

Despite the bloodbath in the last trading session of the US market, our local bourse appears to be more resilient, as I've originally hoped to find Great Singapore Sale today.I feel that the market tumble last night is a knee-jerk reaction to the latest August inflation data newly released that fell short of market expectations, and the futures of the major market indices appear to set the stage for a mild rebound tonight.I had bought some 🍎 last night and plan to continue to load up my shopping cart if there were to be more cheap sale going on.“Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria,” John Templeton, one of the world’s most successful mutual-fund managers, had said. “The time of maximum pessimism is the best time to buy, and the ti

Investors should brace for more volatility with policy makers expected to deliver another jumbo rate hikeFed Chair Jerome Powell says bringing down inflation will cause pain for households and businesses.The Federal Reserve isn’t trying to slam the stock market as it rapidly raises interest rates in its bid to slow inflation still running red hot — but investors need to be prepared for more pain and volatility because policy makers aren’t going to be cowed by a deepening selloff, investors and strategists said.“I don’t think they’re necessarily trying to drive inflation down by destroying stock prices or bond prices, but it is having that effect.” said Tim Courtney, chief investment officer at Exencial Wealth Advisors, in an interview.U.S. stocks fell sharply in the past week after hopes f

These EV stocks could knock Tesla off its perch as the most dominant EV company. BYD Company(BYDDF): Triple-digit growth in sales and earnings is an incredible feat in the current economic climate. Li Auto(LI): Should reach profitability much quicker than its peers. FordMotor(F): Underrated EV stock that’s witnessing massive growth in sales for its all-electric lineup. Lucid Group(LCID): Reservation numbers continue to climb at a healthy pace, a testament to its long-term case. ChargePoint(CHPT): Massive market share in the EV charging infrastructure space, which should continue to grow at a breathtaking pace for the foreseeable future. Mullen Automotive(MULN): The unique proposition of EVs with solid-state batteries makes Mullen an incredible speculative bet. Nio(NIO): Trading at a dirt c

Who doesn't love a great growth stock? Consider what a $10,000 investment made in Tesla 10 years ago would be worth today: a cool $1.62 million.It's this potential for explosive returns that leads many to include growth stocks in a balanced portfolio. Because you never know which one might turn out to be the next Tesla.So let's look at a few stocks with serious potential: Perhaps not the potential to match Tesla's insane 16,000% return over 10 years but still stocks worth owning nonetheless.1. MicrosoftWhen it comes to growth stocks worth owning and holding forever, Microsoft is near the top of my list. The software giant has diversified in recent years, building a thriving cloud services business, expanding its gaming division, and buying business-networking site LinkedIn.The company has

Addentax shares opened at $29.53 before sliding.On Wednesday, Addentax uplisted its shares from the OTC market and offered 5M shares at $5 apiece. The shares were halted several times for volatility, eventually eventually closing at $656.54, up 8,654% from Tuesday's OTC close of $7.50.The shares reversed course on Thursday, plunging 95% to close at $30.Incorporated in Nevada, Addentax operates primarily through subsidiaries in China, providing services such as garment manufacturing, epidemic prevention supplies manufacturing and distribution, logistics and property management. The company is headquartered in Shenzhen, China.

U.S. stocks ended sharply lower on Wednesday, as comments from Fed Chair Jerome Powell shattered initial optimism over a Fed policy statement that raised interest rates by 75 basis points but signaled that smaller rate hikes may be on the horizon. In a volatile trading session, equities initially moved higher in the wake of the hike by the Fed, the fourth straight increase from the central bank of that magnitude as it attempts to bring down stubbornly high inflation. The target federal funds rate was set in a range between 3.75% and 4.00%, but the impact of the hike was initially tempered by new language that suggested the central bank was mindful of the effect its outsized rate hikes have had on the economy. Investors had been widely anticipating a 75-basis point rate hike, while hoping t

BALMORAL, Scotland, Sept 8 (Reuters) - Queen Elizabeth, Britain's longest-reigning monarch, the nation's figurehead and a towering presence on the world stage for seven decades, died peacefully at her home in Scotland on Thursday aged 96."The death of my beloved Mother, Her Majesty The Queen, is a moment of the greatest sadness for me and all members of my family," the new king, her eldest son Charles, said."We mourn profoundly the passing of a cherished Sovereign and a much-loved mother. I know her loss will be deeply felt throughout the country, the Realms and the Commonwealth, and by countless people around the world," the 73-year-old said in a statement.News that the queen's health was deteriorating emerged shortly after midday on Thursday when her doctors said she was under medical su

ARK Innovation ETF(ARKK) experienced outflows of $803 million during August.August marked the largest monthly outflow for the ETF since September of last year.Shares of ARKK are down more than 50% year-to-date.It was another down week for Cathie Wood’s flagship exchange-traded fund (ETF), the ARK Innovation ETF(NYSEARCA:ARKK). Shares of the ETF are finishing in the red today, marking the second straight week of declines. The drop was led by drawdowns in top holdings such as Tesla(NASDAQ:TSLA) and Teladoc(NYSE:TDOC).On top of that, ARKK experienced outflows of$803 million during the month of August. This was the largest monthly outflow since September of last year. In addition, ARKK saw inflows in only six days of August, while the rest were outflows.Bloomberg reports some loyal retail inve

The stock market has not been kind to investors this year. The S&P 500 had its worst first half since 1970, and the Nasdaq Composite is currently 28% off its high. But the market has recovered from worse in the past, and there is no reason to believe this situation is any different. Eventually, the next bull market will erase those losses.In the meantime, many beaten-down stocks are brimming with potential, and that creates a buying opportunity for patient investors. For instance, Roku and MercadoLibre could both grow sixfold over the next decade, meaning shareholders could see a 500% return by 2032.Here's why.Roku: The top streaming platform in North AmericaStreaming pioneer Roku struggled in the second quarter as the macroeconomic environment continued to deteriorate. High inflation

. Invesco QQQ ETFWith the Vanguard Total Stock Market ETF as the core holding to anchor a portfolio, the Invesco QQQ fits nicely alongside it to generate long-term growth. This is one of the largest and most popular ETFs in the world, which stems from its excellent performance over the years.Unlike the broadly diversified Vanguard Total Stock Market ETF, the Invesco QQQ is focused on the Nasdaq 100, which includes the 100 largest non-financial companies on the Nasdaq Stock Exchange. So roughly half of the stocks are from the information technology (IT) sector and about two-thirds are from IT and communication services. Apple, Microsoft, and Amazon are the top three holdings, but they represent much more of the portfolio than in the Vanguard ETF, as the top 10 holdings account for 52% of th

Google's Q3 2022 was a double-miss on both the top- and bottom-lines. Yet, its core underlying business in advertising and cloud-computing remains strong. FX was the biggest drag on Google's results, which was further corroborated by double-digit constant currency growth observed across its core segments, as previously expected. We believe Google's Q3 2022 results demonstrate resilience, making the stock's latest knee-jerk pullback on the double-miss a compelling entry opportunity. No company is immune to looming macroeconomic headwinds, yet Alphabet Inc.’s (NASDAQ: GOOG, NASDAQ: GOOGL) ("Google")Q3 2022 results have proven that it continues to be more resilient than most – especially its ad-focused peers that continue to reel from the double-whammy of macro-driven ad spending weakness and

Investors look to Powell speech for interest rate clues U.S. consumer confidence slips in November S&P 500 -0.16%, Nasdaq -0.59%, Dow +0.01% Nov 29 (Reuters) - The S&P 500 ended down on Tuesday, with losses in Apple and Amazon ahead of an upcoming speech by U.S. Federal Reserve Chair Jerome Powell that could provide hints about magnitude of future interest rate hikes. Apple's stock dropped 2.1%, down for a fourth straight session. Powell is due to speak at a Brookings Institution event on Wednesday about the outlook for the U.S. economy and the labor market. Investors will be looking for clues about when the Fed will slow the pace of its aggressive interest rate hikes. "No one is willing to buy ahead of tomorrow with Powell speaking. Everyone is nervous about what he is going to sa

Large swings for big technology stocks have been common this year during a head-spinning stretch that has dragged the group down. Some of the biggest one-day changes in market value in history have happened in 2022 after big tech companies’ earnings. In February, a big drop in Amazon.com’s shares shaved $191 billion from its market value,the most everfor a company in a single day. Options traders appear to be betting the volatility will continue over the this week, when several big tech companies report their earnings results. (Their forecasts don’t indicate the direction of the move, only the size.) Options traders are wagering on around a 5.4% move in Apple shares after its earnings this week, above the average move of around 3.3% after the past eight earnings releases, according to Cboe

Investors are plowing record amounts of cash into risky funds that turbocharge investment bets during a market rout thatis roiling stocks and bonds. Nearly $25 billion has flowed into leveraged and inverse exchange-traded funds this year, according to Morningstar Direct. This is already above 2008’s record haul of $17 billion. Inverse and leveraged ETFs are complex vehicles typically meant for short-term trades. Inverse funds seek to provide the opposite movement of an underlying index, asset or derivative. Some, for example, move inversely to the Nasdaq-100 index, allowing investors to wager the technology benchmark will lose ground. Inverse funds also often use leverage, or borrowed money, as do leveraged funds. This can magnify an investment’s return, although leverage can also amplify

Stitch FixOffering stylist-curated outfits by mail hasn't been a very good business model lately. Stitch Fix has posted four consecutive quarters of sharply decelerating revenue growth, clocking in with a decline in revenue in its latest report. This is horrible momentum heading into the fiscal fourth-quarter numbers that it will announce on Tuesday afternoon.If the business was slowing as we clawed our way out of the pandemic, how do you think Stitch Fix will hold up now that folks are spending less money outside of food essentials? The model has gone through some changes, but it can't seem to gain traction with poorly dressed folks who would appreciate having fashionistas on their side.The balance sheet is still in decent shape, but analysts don't see Stitch Fix turning a profit until at

The Dow Jones Industrial Average rose 377.19 points, or 1.19%, to 32,151.71, the S&P 500 gained 61.18 points, or 1.53%, to 4,067.36 and the Nasdaq Composite added 250.18 points, or 2.11%, to 12,112.31.For the week, the Dow advanced 2.7%, the S&P 500 climbed 3.6% and the Nasdaq gained 4.1%.U.S. equity funds recorded outflows of $11.5 billion in the week to Wednesday, their largest outflow in 11 weeks, Bank of America Merrill said on Friday.Volume on U.S. exchanges was 9.91 billion shares, compared with the 10.24 billion average for the full session over the last 20 trading days.Kroger Co jumped 7.4% after the grocer raised its annual forecast.Shares of Tapestry Inc rose 2.7% after the luxury handbag maker said it expects revenue of $8 billion by fiscal year 2025.Advancing issues out