S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold

MarketBeat: Week in Review 11/21 - 11/25

→ 3 Sub-$10 Stocks to Buy for 2024 (From TradingTips) (Ad)

Key Points

  • There’s not much news moving the stock market Thanksgiving week.
  • Next week brings a wave of new economic data including the latest PCE index and the November jobs report.
  • The markets will be open for an abbreviated trading session on Black Friday.
  • Check out some of the most popular articles from the MarketBeat team this week.
  • 5 stocks we like better than Taiwan Semiconductor Manufacturing

With a few exceptions (we see you, Disney!), stocks have been quiet this week.

There’s not much news moving the stock market Thanksgiving week. Thanksgiving week is traditionally a slower week, what with many traders and investors traveling and not engaged with the market. Next week will be a different story. Investors can expect a wave of economic reports, including the second read of third-quarter GDP, the latest PCE index and the November jobs report.

All of this comes in advance of the Federal Reserve meeting in mid-December, which could be a catalyst for a Santa Claus rally. If you simply can’t wait until next week, the markets open for a shortened trading day on Black Friday.

We wish you a happy Thanksgiving. The MarketBeat team will be back at it as we look at the stocks and stories moving the market. Here are some of the top stories our analysts covered this week.

Articles by Jea Yu

A Santa Claus rally is defined as a bullish period for stocks that occurs between Christmas and New Year's. Many investors are wondering (and hoping) for one in 2022. Jea Yu helps our readers understand what conditions have to be met for investors to have a jolly holiday season in 2022. Turning his attention to specific stocks, Yu eyed the semiconductor sector. One of the big names making news is Taiwan Semiconductor Manufacturing Company NYSE: TSM. Warren Buffett just took a major stake and Yu helps explain the catalysts and headwinds investors should consider. Yu also wrote about SoFi Technologies NASDAQ: SOFI. It has been a difficult year for the financial technology (fintech) sector, but Yu suggests the price may finally be right for investors to buy SoFi stock.  

Articles by Thomas Hughes

The Federal Reserve will make its next decision on interest rates in mid-December. Thomas Hughes wrote that it's likely that rates will continue to go one way — up.  Hughes helps investors understand what that may means for stocks and the one sector that may benefit from higher rates.

As we head to the end of the year, some investors consider how to rebalance their portfolios. Hughes explains a little-known strategy called the Dogs of the S&P 500. This is modeled after the Dogs of the Dow strategy and involves choosing the worst-performing stocks in the index because their valuations may make them some of the strongest performers next year. As the year wraps up, some investors may look for dividend stocks that pay a high yield. Hughes offers up an ETF that has a dividend yield of 10%.


Articles by Sam Quirke

Retail stocks have been some of the weaker performers this earnings season. Many retailers have offered gloomy expectations for this holiday season, but Sam Quirke writes there may be some value in Target Co. NYSE: TGT. As Quirke explains, the quick snapback in TGT stock along with one key technical indicator may indicate that much of its bad news is priced in.   

Articles by Chris Markoch

One of the biggest stories affecting the market this week was the news that Bob Iger will return as CEO at The Walt Disney Company NYSE: DIS. The company’s stock surged forward based on the news. As Chris Markoch points out, the Magic Kingdom is not the same as the one Iger stepped away from a short time ago. Before you dive in to the stock, make sure Iger has a plan to bring the magic back. For investors looking for more of a sure thing, Markoch offered up five monthly dividend stocks that investors can count on.

Articles by Kate Stalter            

Kate Stalter wrote about Elon Musk’s other company. You remember Tesla Inc. NASDAQ: TSLA, right? The stock is currently trading near two-year lows. However, Stalter reminds investors that Tesla remains a clear leader in the EV space and profitable as well. Still, investors who may be tempted to buy may want to wait for a better buying signal.  

Articles by MarketBeat Staff

MarketBeat staff points out that Black Friday started in October, which is when the S&P 500 hit its low for 2022. That has set the stage for the current relief rally. It makes some quality dividend stocks look attractive with some appealing valuations. The staff offers three dividend stocks for investors to consider this holiday season.

→ 3 Sub-$10 Stocks to Buy for 2024 (From TradingTips) (Ad)

Should you invest $1,000 in Taiwan Semiconductor Manufacturing right now?

Before you consider Taiwan Semiconductor Manufacturing, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Taiwan Semiconductor Manufacturing wasn't on the list.

While Taiwan Semiconductor Manufacturing currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Own Before the 2024 Election Cover

Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Taiwan Semiconductor Manufacturing (TSM)
3.379 of 5 stars
$127.71-3.4%1.35%24.65Moderate Buy$157.00
SoFi Technologies (SOFI)
3.5305 of 5 stars
$7.11-0.3%N/A-18.71Hold$9.08
Target (TGT)
4.7973 of 5 stars
$168.30+1.0%2.61%18.85Moderate Buy$181.85
Walt Disney (DIS)
4.7604 of 5 stars
$112.62+0.2%0.27%69.52Moderate Buy$124.54
Tesla (TSLA)
4.8401 of 5 stars
$147.05-1.9%N/A34.12Reduce$194.70
Compare These Stocks  Add These Stocks to My Watchlist 

Chris Markoch

About Chris Markoch

  • CTMarkoch@msn.com

Editor & Contributing Author

Retirement, Individual Investing

Experience

Chris Markoch has been an editor & contributing writer for MarketBeat since 2018.

Areas of Expertise

Value investing, retirement stocks, dividend stocks

Education

Bachelor of Arts, The University of Akron

Past Experience

InvestorPlace


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