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MarketBeat: Week in Review 10/12 –10/16

Saturday, October 17, 2020 | MarketBeat Staff
MarketBeat: Week in Review 10/12 – 10/16

This week saw the beginning of the earnings season. But the market is still laser-focused on the process (or lack thereof) of a stimulus package. That seems like an issue that will have to wait until after the November election. What is becoming increasingly clear is that the only question that remains is how large the package will be (and who gets to take credit for it). Late in the week, big tech blundered its way into the conversation. At least one social media giant is coming under congressional scrutiny for potential election interference regarding the removal of certain material. That will be a situation to watch next week. In the meantime, the MarketBeat team of writers continues to tune out the noise and help you find the stocks and sectors that are worth your attention. Here’s a look at some of the articles our staff picked to help make you a better investor.

Articles by Sean Sechler

Sean Sechler turned his attention on stocks under $50 and found three companies that investors should consider for their potential to be long-term winners. Sechler also was looking at one of the red-hot sectors of 2020. Fisker Inc. is one of the latest electric vehicle (EV) companies to go public via a special purpose acquisition company (SPAC). In this case, the SPAC is Spartan Energy Acquisition (NASDAQ:SPAQ).  Fisker is taking a new approach to carving out their niche.  And while it will be 2022 before the company brings a product to market, Spartan Energy stock may be ready to move much higher as the merger closes. And there’s no question that the growing pet sector is benefiting from the move to e-commerce.  And Sechler gave investors three reasons to put the online pet supplier Chewy (NYSE:CHWY) on their buy list.

Articles by Jea Yu

Jea Yu was also looking at the EV sector. In this case, Yu likes Li Auto (NASDAQ:LI). The company focuses on extended-range electric vehicles (EREVs) that help to shelter it a bit from the current issues surrounding battery range. Yu makes the case that Li Auto is a solid growth play on the Chinese EV market and autonomous driving. Yu was also looking at an under-the-radar play on the demand for semiconductors. Semiconductor equipment maker Kulicke and Soffa Industries (NASDAQ: KLIC) is a savvy way for investors to take advantage of the demand for semiconductors without buying the rather frothy semiconductor stocks. And turning his attention to stocks that benefited from the pandemic, Yu writes that it looks like it’s time for investors to take some profits on The Container Store (NYSE:TCS).

Articles by Thomas Hughes

 

In the aftermath of President Trump’s Covid-19 diagnosis, therapeutic treatments for the novel coronavirus have moved to center stage. Thomas Hughes was taking a look at Sorrento (NASDAQ:SRNE). This is a company that is only in the early stages of developing a therapeutic. However, if its candidate is successful, this stock has a lot of growth potential. Hughes was also guiding readers to three dividend-paying stocks that have seen their share prices plummeting for years. But these companies have been steadily strengthening their balance sheets and could be good buys for growth and value investors alike. Hughes went on to take a closer look at one of those bargain basement stocks, General Electric (NYSE:GE). The company has been in a long-term turnaround cycle that appears to be about to pay off.

Articles by Sam Quirke                                                                                          

Sam Quirke had his eyes on growth stocks and pointed investors in the direction of three of 2020’s best performers. Zoom Communications (NASDAQ:ZM) has been an undisputed pandemic winner. But the stock continues to show there are more reasons to buy then there are to sell. Another company that Quirke was eyeing is the cloud computing stock, Twilio (NYSE:TWLO). Twilio has been a good example of a company that is rising due to strong fundamentals. For that reason, and due to a recent acquisition, Quirke sees Twilio as being a strong buy. Rounding out his trifecta of growth stocks, Quirke wrote about Infosys (NYSE:INFY).  The digital consulting and IT outsourcing company is another stock that is showing strong fundamentals that should continue to draw the attention of analysts and investors.

Articles by Nick Vasco

Nick Vasco was writing about NXP Semiconductors (NASDAQ:NXPI). This semiconductor company is benefiting from a surge in new car sales as auto manufacturers continue to come back from the also pandemic-induced lockdowns in March. Vasco was also writing about Harley-Davidson (NYSE:HOG). The motorcycle manufacturer has had a rough time of it lately, largely due to declining demand for motorcycles in general. However, the company’s cost-cutting measures seem to finally be paying off for the stock. And on the “trade the news” front, Vasco cautioned investors from reading too much into the halt in Johnson & Johnson’s (NYSE:JNJ) vaccine trial. The company’s stock dipped after it reported earnings which presents a good buying opportunity.

Other Editor’s Picks

Here are some other articles that point to stocks and sectors that are worth the attention of investors. Walgreens Boots Alliance (NASDAQ:WBA) is a leader in a crowded space. Investors benefit from the company’s combination of solid growth and impressive dividend yield. Another company that is thriving in a crowded sector is Progressive Insurance (NYSE:PGR). Progressive is best known for its series of tongue-in-cheek commercials, but investors who take the time to dig into the insurance company’s fundamentals will see a company that should be taken seriously. And if investors are looking to growing sectors, Intuitive Surgical (NASDAQ:ISRG) is a solid play on the future of the health care sector. Intuitive Surgical is the undisputed leader in the emerging field of robotic-assisted surgery. And as more hospitals become familiar with the benefits of using robotic surgery for general procedures, the company’s global expansion is likely.


7 Clean Energy Stocks With A Bright Future

The debate over renewable energy (i.e., clean energy) versus nonrenewable energy derived from fossil fuels was always going to come down to dollars and cents. Since 2016, things haven’t been easy for renewable energy companies. As the United States pushed towards energy independence, the Trump administration imposed tariffs on the industrial segments. The sector was subject to less favorable policies by electricity regulators. Plus, competing energy sources like coal received more help.

But a funny thing happened over the past four years. Renewable energy companies continued to grow. This is continuing a pattern that renewable sources of energy are becoming cost-competitive for businesses. And that is increasing demand.

One of the best parts of this sector for investors is that there are many ways to play the sector. In addition to solar and wind, hydrogen stocks are becoming an intriguing way to invest in renewable energy.

So rather than looking at this election as a choice between bad and good, investors should really be viewing it as a case of “good or better.” Because no matter who wins the election, clean energy stocks will continue to grow.

View the "7 Clean Energy Stocks With A Bright Future".

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