Market Talk
After the whipsaw down in the market indices, we are left with a conundrum. To conserve balances, many retreated in the tech stocks. Some took gains, others just stopped the bleeding. Now there are questions to ponder. Is a general market comeback a proverbial dead cat bounce, real or otherwise are we going to see another shoe to drop. Today, the market is bouncing on a weekly job data report that is making a more optimistic feel to the future and employment. The markets are more data dependent until something else happens.
There is an old saying - "something always happens".
Below are a few interesting articles and opinions out there on a few stocks to watch.
Stock Talk
Altria Group, Inc (MO) : MO already has one of the highest paying dividends in the entire market. Is even yet another dividend hike coming this month? some say yes. With the Fed signaling lowering interest rates in September - it's something to think about.
https://finance.yahoo.com/news/why-altria-group-inc-mo-064901902.html
Kinross Gold (KGC) The recent sell off has quelled the mining sector as well. Gold may be a stalwart keeper of value. We may be headed into a stagflation economy where Gold typically flourishes as a safe haven and a counter to persistent inflation. As such, Kinross has a pretty fair chance of sustained higher earnings and maintains the highest dividend in the Gold mining sector. The stock has been lackluster, now in the 8's. But trending higher gold prices point to holding some KGC.
https://finance.yahoo.com/news/why-kinross-gold-corporation-kgc-215737497.html
Devon Energy (DVN) beat earnings estimates with a rather robust outlook.
Devon Energy (DVN)
https://finance.yahoo.com/news/top-oil-stock-continues-send-090800573.html
If interested in other current watch stocks recently opined on here, scroll back to see posts on other stocks we are watching.
For now, we close by noting that any view on the market and stocks on any particular day may change in the future days to come. That is why we watch and see how our views match up with the reality of the time. But trying to look ahead a few months into the future may be a way to do things. If you think too deep about world events and the recent alliances forming, projecting ahead can be a dicey endeavor. In all - we use the word maybe "some", not "too much" and play it accordingly. Remember, never get arrogant in our various notions because things do change in the market and individual stocks are subject to many factors outside of our control.. So we try to -stay aware.
With all the above caveats and attempted prognostications, I will close this post. Stay tuned for more opining on the market and stocks to watch.
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