MARKETS TODAY
Sept 14 (Vica Partners) – Dow up .26%, S&P 500 up .39%, Nasdaq up .72%
Stock momentum pauses a day after Wall Street suffered its worst day in more than two years. Bond yields are slightly rising with the Dollar falling.
The Dow fell nearly 1300 points Tuesday after the latest inflation data came in higher than expected.
Tuesday’s inflation report was a surprise ahead of next week’s Federal Reserve meeting. Analyst consensus had the Fed dovish/ easing their pace of rate increases with inflation in- check.
The pace of consumer-price inflation has slowed as compared with previous months,
Unexpected increases yesterday in Core CPI report came from shelter, food, and medical care which were the largest of many contributors to the broad-based monthly. These increases were mostly offset by a 10.6-percent decline in the gasoline
Solid strategy for these type of market days ….
We suggest investing in companies that have solid balance sheets and offer dividends.
Here is a list of some of our A- Tier value courtesy of Vpartners data scientists:
- A- Tier value: MRK, UNH, TM, COP, CVX, OXY, MUFG, C, GS, WFC, NRG, PNW, EXC, FE, XLU, OVV, DVN, VALE, RIO, AMZN, GOOGL, AAPL, WMT, SPY
- Breakouts: from our behavioral data, not part of value: TSLA, UBER, NU, BABA, TOST, TWLO, COIN
Best to continue to cost average buy A-Tier value stocks and resist most of tech and growth stocks where companies have negative margins. Our teams still see a +10% valuation correction for speculative stocks.
