MarketBeat: Week in Review 6/14 – 6/18

Saturday, June 26, 2021 | Chris Markoch
MarketBeat: Week in Review 6/14 – 6/18

This week, the market was waiting to hear from Federal Reserve chairman Jerome Powell on the state of inflation. The Fed chair says there’s nothing to worry about and the markets liked that. Whether they should is a point that’s open to debate. What is not open to debate anymore is the strong first quarter GDP which was confirmed this week at 6.4%. The market was expecting an upward revision, but investors don’t appear to be too bothered even as unemployment claims ticked slightly higher. As our Thomas Hughes wrote, we remain in a secular bull market which makes equities the place to be. And the MarketBeat team of writers will stay on top of the stocks and stories that are moving the market. Here’s a look at some of the stocks they analyzed this week.

Articles by Sean Sechler                                                                                                                                                                

Don’t fight the trend is a mantra of many successful traders and investors. Successful investors make prudent investments that lean into existing trends. Sean Sechler was writing about three sectors that are likely to offer exceptional growth opportunities for several years. For example, e-commerce became the primary way for many Americans to make purchases during the pandemic. This has created a behavioral shift towards convenience that is not likely to end anytime soon. Sechler identifies three e-commerce stocks that are strong buys at this time. Investors also continue to look at solar stocks. Although this sector has seen a pullback, Sechler gave investors three solar stocks that appear to be solid buy-the-dip opportunities. And while mass adoption of electric vehicles (EVs) may still be a few years away, investors remain focused on the sector. Timing in this sector is key and Sechler writes about three EV stocks that look like great buys at this time.

Articles by Jea Yu

Speaking of EVs, Jea Yu was also looking at the sector. Specifically Yu was taking a closer post-SPAC look at Arrival (NASDAQ:ARVL). The London-based company is banking on the Microfactory concept to spark an asset-light revolution in EV manufacturing. Yu was also eyeing trends in the market by pointing investors to the opportunity that exists with Corsair Gaming (NASDAQ:CRSR). The maker of premium high-performance video games has seen its stock sell-off hard. However, the increasing demand for more powerful PC-based gaming systems is one of many catalysts that make CSRS stock a buy-the-dip candidate. As a speculative pick, Yu pointed investors towards the shipping fleet operator, Castor Maritime (NASDAQ:CTRM). This microcap stock is caught in the headwinds of bears looking to short and speculators pushing a short squeeze as the company’s fundamentals show signs of improving. However, Yu suggests a bottom may be in sight which may reward risk-tolerant investors.

Articles by Thomas Hughes

With all the attention on SPAC stocks, Thomas Hughes gave investors a good reason to look at three stocks that recently went public via a traditional initial public offering (IPO). Hughes points out three hot IPOs whose lock-up period has expired and are receiving bullish sentiment from analysts. And analyst sentiment is generally positive in the tech sector where Hughes was identifying three tech stocks that have received upgrades from analysts amidst the current supply-demand imbalance. Turning his attention to the broader market, Hughes was calling attention to the strong earnings report delivered by Korn Ferry (NYSE:KFY). Strength from the executive search and consulting firm indicates that there are a number of job openings waiting to be filled. That’s a bullish catalyst for KFY stock which raised its guidance and increased its dividend.

Articles by Sam Quirke

Last week Thomas Hughes wrote about the curious selloff in Oracle (NYSE:ORCL) stock despite a strong earnings report. This week, Sam Quirke picked up that ball and reminded investors that markets can frequently overreact. And that looks to be the case with ORCL stock which is making a charge back to its all-time highs. Quirke was also looking at social media stocks. Love it or hate it, social media is here to stay and will be a big part of the economic reopening. With that in mind, Quirke gave investors three social media stocks that you might want to give a like to. And Quirke also reminded investors that the energy sector is looking a little different than it did in 2020. In this case, crude oil stocks and the upstream and downstream companies that enable its exploration, extraction and shipping are making a comeback. Quirke gave three energy stocks that analysts are fired up about.

Articles by Chris Markoch

One of the best indicators of a stock that is ready to break out is when analysts provide an upgrade. Chris Markoch gave investors a list of the 10 stocks that have received the most upgrades from analysts in the last 30 days. And with inflation concerns still hanging over the market, Markoch was reminding investors that this may be a good time to consider investing in precious metals. And while some investors are shifting back into growth stocks, the trend is still towards values. For value investors who are looking for less volatility, Markoch recommended three best-in-class exchange-traded funds (ETFs) that investors should consider.

Articles by Kate Stalter                                                                           

Kate Stalter was giving investors an early look at Atai Life Sciences (NASDAQ:ATAI). The German-based company has the backing of Peter Thiel and is now trading for slightly above its IPO price. As Stalter gives investors the bullish and bearish take when she writes:  “Atai focuses on the use of psychedelics to treat mental health conditions. It’s considered a clinical-stage biotech. The company does not yet have regulators’ OK to move forward with treatments.” A much less speculative investment at this time is Winnebago (NYSE:WGO) which just posted a triple-digit revenue gain and looks to have a long runway as production is being optimized to keep up with a record backlog. Stalter was also writing about Darden Restaurants (NYSE:DRI). The company was able to post better-than-expected numbers during the pandemic. And if the company’s recent earnings report is any indication, DRI stock should be a strong recovery stock to consider.

 


7 Healthcare Stocks Delivering Innovation in 2021

We all knew that traditional healthcare services were disrupted in 2020. The patient-doctor relationship went virtual. In the early months of the pandemic, many people in need of elective surgeries simply did not have that option available to them. And even local pharmacies took on a new e-commerce role as curbside pickup or home delivery of prescription medication became the norm.

Not surprisingly healthcare stocks were battered last year. Overall, the sector was down 11%, far below the S&P 500 Index that climbed over 15%.

However, the market is always forward-looking with a particular eye towards innovation. The healthcare sector has many companies that are developing innovative approaches in areas such as gene editing. And other companies are in late-stage trials for drugs that can deliver breakthrough results for conditions that continue to plague our world.

That’s the focus of this presentation. We’ve identified 7 healthcare stocks that are delivering innovative ideas that will help deliver better patient outcomes. And in some cases will revolutionize medicine altogether. These are also the stocks that analysts have their eye on.

View the "7 Healthcare Stocks Delivering Innovation in 2021".


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