The Latest Breaking News from Mangeet Kaur BounsMangeet

1 ETF to Continue to Avoid or Sell Short Until Further Notice

Cathie Wood’s actively managed ETF ARK Innovation (ARKK) has lost more than 40% over the past year, as its tech stock holdings have been hit hard amid broad market sell-offs triggered by rising interest rates and slowing economic growth. The fund is expected to continue its downtrend since the Fed…

StockNews.com · Feb 17, 2023

Should You Buy This Popular Stock Right Now?

Despite a tough macro environment, Big-box retailer Costco (COST) continued to post healthy profits. Although the company’s business remained resilient, it is experiencing decelerating growth, and this trend is expected to continue with heightened inflation. While the stock is down more than 16% from its 52-week high, is it the…

StockNews.com · Feb 16, 2023

1 Semiconductor Stock That Will Be a Big Winner in 2023

Shares of Taiwan Semiconductor Manufacturing Company (TSM) have gained more than 10% over the past month after the Taiwanese government passed a new law that gives a major tax break to local chipmakers. Moreover, the company is poised for massive growth, driven by its portfolio of innovative process technologies and…

StockNews.com · Feb 15, 2023

The #1 Big Box Retailer to Buy in 2023

Leading retailer Walmart (WMT) delivered solid top-line growth in its last reported quarter and raised its full-year sales outlook. WMT’s diversified business model, competitive pricing, and growing online presence continue to position the company to witness sustained growth. Hence, it could be wise to invest in this top big-box retailer…

StockNews.com · Feb 7, 2023

1 Growth Stock You Can Hold for the Next Decade

Steady moderation in inflation and the Fed’s downshift on tightening might help growth stocks to stage a recovery this year. Moreover, healthcare giant CVS Health (CVS) reported solid third-quarter results and raised its full-year guidance. With the potential of strong growth across its business segments, it could be wise to…

StockNews.com · Feb 7, 2023

3 Stocks to Get Bullish on Now

The Fed’s recent 25 bps rate hike in response to cooling inflation and Powell’s dovish comments improved investor sentiment. Amid growing optimism over the slowing interest rate hikes, we think fundamentally strong stocks Archer-Daniels-Midland (ADM), Biogen (BIIB), and MasterCraft (MCFT) are ideal additions to one’s portfolio. Read on….

StockNews.com · Feb 6, 2023

3 Smart Stocks to Buy for a Potential Recession

Despite the cooling inflation, the Fed is not expected to cut rates in 2023 as it is committed to achieving its 2% inflation target. Continued rate hikes, albeit at a lower rate, could potentially push the economy into a recession this year. Amid lingering recession fears, it could be wise…

StockNews.com · Feb 3, 2023

1 Semiconductor Stock You'll Kick Yourself Later for Not Buying

Despite demand softness and other macroeconomic headwinds, chip giant Taiwan Semiconductor Manufacturing Company reported steady top-to-bottom line growth in its last reported quarter. Furthermore, the company’s innovative process technologies and portfolio of design enablement solutions position it to achieve solid growth in the upcoming quarters. Hence, we think it could…

StockNews.com · Jan 31, 2023

1 Cable Stock You Shouldn't Give up On

Leading cable and media company Comcast (CMCSA) reported solid revenue and EPS in the fourth quarter of fiscal 2022. Moreover, the company seems confident in its financial position and path forward. Its confidence is reflected in its recent announcement of raising its dividend by 7.4% annually. Given its robust financials…

StockNews.com · Jan 31, 2023

3 Upgraded Stocks to Put on Your Radar This Week

With the expected continuation of monetary policy tightening, the economy is anticipated to witness a slowdown this year. Amid an uncertain economic backdrop, it could be wise to add fundamentally sound stocks HCA Healthcare (HCA), Yum! Brands (YUM) and DocuSign (DOCU) to your watchlist this week. These stocks have been…

StockNews.com · Jan 30, 2023