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Weekly Market Review: October 2-6

Key Points

  • A red-hot jobs market is keeping the pressure on stocks, with the S&P 500 nearing a critical level of support at around 4,200.
  • Next week is the kickoff to earnings season, and investors will get the latest read on inflation.
  • Here are some of the top stories from this week.
  • 5 stocks we like better than NVIDIA

Markets remain under pressure. This week, investors were spooked by the apparent hiring surge in September. The jobs report showed that over 370,000 jobs were created in September. At midday on Friday, the S&P 500 was close to a critical level of support at around 4,200.

Next week will give investors the latest read on the consumer price index (CPI) and the producer price index (PPI). Both numbers are expected to show that inflation will continue reversing the downward trend that started last month. The week will end with the kickoff of earnings season. That means reports from the big banks.

October is starting off as another scary month for investors, but opportunities still exist. The financehubusa team continues to sift through the data to help point you to the stocks and trends that can help sustain your portfolio in these volatile times. Here are some of the top stories from this week.

Articles by Jea Yu

Nvidia Corporation NASDAQ: NVDA is one of this year’s hottest stocks as investors make the link between the company’s products and the rapid growth of artificial intelligence (AI). Jea Yu explains why the stock is giving off a technical signal that shows why the recent sell-off is a clear buying signal for investors looking to start or add to a position.

Sticking with AI, Yu explained why Cloudflare, Inc. NYSE: NET is the cloud-based security and services company that is best positioned as businesses look to host AI data at the network edge.

The Ukraine War is showcasing that drones are now big business for multiple sectors of the economy. This week, Yu gave investors three drone stocks to consider if they want to invest in this growing sector.

Articles by Thomas Hughes

In times like these, playing defense doesn’t have to mean avoiding stocks altogether. This week, Thomas Hughes gave investors two great strategies for opportunistic investors. First, there’s dividend stocks. Hughes wrote not one but two articles that showcase dividend-paying stocks that are ready to increase their dividends. One of the articles included stocks that are trading at near rock-bottom prices.

Another strategy when investing in dividend stocks is to look for low-beta stocks. As Hughes notes, “Low-beta stocks trade with less volatility than the S&P 500, which can lower risk in a portfolio while opening the door to outperformance.” And the five stocks that Hughes writes about also have a high dividend yield.

On the other end of the spectrum, Hughes used financehubusa’s Most Active Penny Stocks tool to highlight five penny stocks with bullish outlooks and favorable catalysts that could push the stocks higher.

Articles by Sam Quirke

Next, there’s . The stock is down sharply and not without reason. It’s been a dreadful year from a fundamental standpoint. But Quirke notes that sometimes the , which seems to be the case with FL stock.

Quirke also wrote about the Ralph Lauren Corporation NYSE: RL. The stock has been range-bound for much of the year but is showing signs that there could be a breakout to the upside.

Articles by Kate Stalter

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