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Weekly Market Review: 9/4 – 9/8

Key Points

  • Markets were mostly lower this week as Apple shed nearly $200 billion of market cap as China takes aim at iPhone sales. 
  • Next week, investors will get the latest readings on the CPI and PPI, with both numbers expected to show inflation rising largely due to higher crude oil prices. 
  • The market is filled with contradictions; let the MarketBeat team point you to the opportunities that exist.  
  • 5 stocks we like better than Best Buy

It’s frequently said that as Apple goes, so goes the market. So, it’s not surprising that markets were mostly lower in a shortened trading week. Apple lost nearly $200 billion off its market capitalization as analysts forecast lighter iPhone sales in China, which accounts for about 20% of the company’s total revenues. 

Next week, investors will get more inflation information when the latest consumer and producer price readings are released. These will be the first reports to include the rise in oil prices. However, it may still be a few months before those prices show up in the inflation numbers. 

After that, with earnings season winding down, all eyes will turn to the Federal Reserve’s meeting in late September. Investors expect a pause on rate hikes but will pay close attention to what the Fed indicates about the possibility of future increases.  

When you put it all together, this market continues to be filled with contradictions. But that doesn’t mean you still can’t find opportunities. The MarketBeat team is here to help you find those opportunities. Here are some of our most popular stories from this week.  

Articles by Jea Yu 

Many investors leave room in their portfolio for seasonal performers. These are stocks that tend to shine brightest at specific times of year. As Jea Yu points out, even with all the negative history with stocks in September, there are three stocks that offer seasonal tailwinds. 

Another strategy that investors use is to benefit from sector rotation. The acceleration of the decarbonization movement has money piling into clean energy stocks. Yu analyzes the case for three clean energy stocks that investors can scoop up at a great value.   

And whether you want to believe it or not, it won’t be long before we’re into the holiday season. September and October are good months to identify potential holiday stocks to buy. Yu lays out a case for putting Best Buy Co., Inc. NYSE: BBY on your watch list.  

Articles by Thomas Hughes 

Thomas Hughes had dividend stocks on his mind and wrote two different articles with analysis for investors. As Hughes notes, you don’t have to decide between investing in artificial intelligence stocks and quality dividend stocks. Hughes offers up five dividend aristocrats (I.e., companies that have increased their dividends for at least 25 consecutive years) that give investors exposure to AI. 

When it comes to dividends, if aristocrats are good, kings are even better. Dividend kings are companies that have increased their dividends for at least 50 consecutive years. However, as Hughes notes, investors can look for an edge even among these blue-chip stocks. In this case, Hughes looks at three dividend kings that stand out by increasing their dividends at double-digit rates.  

Hughes was also looking at three stocks that are being underappreciated by investors for a variety of reasons. However, with these stocks trading at multi-year lows, they may offer opportunistic, risk-tolerant investors an opportunity to profit in this volatile market.  

Quirke also wrote about . The stock is up more than 30% in 2023. Yet, as Quirke writes, a strong earnings report is providing the fuel to  

Articles By Chris Markoch 

Artificial intelligence is raising questions in several areas. One of those is the issue of copyright protection. Chris Markoch recently wrote about the steps that Adobe Inc. NASDAQ: ADBE is taking to protect its customers from copyright infringement in the age of AI.  

Markoch also wrote about that may buck the September effect. Each of these blue-chip stocks has a bullish thesis that may not be fully priced into the stock at this moment.   

Many investors have heard about the September effect. But do you know why the month has such a poor reputation among investors? And more importantly, what should you expect in 2023? Kate Stalter shares a perspective on both questions and reminds investors about another market indicator that is bullish for the rest of the year. 

Stalter also wrote about two news events that may offer long-suffering investors some hope in two beaten-down sectors. Do you remember when cannabis was as hot as AI? The market never developed as investors hoped. However, a recent recommendation from the Department of Health and Human Services may which could be bullish for the sector. 

Crypto investors are still waiting to see the green shoots that come after the crypto winter. That growth may come from the news that a Bitcoin ETF is closer to being a reality. Stalter offers perspective on what that means for the Grayscale Bitcoin Trust OTCMKTS: GBTC and Coinbase Global Inc. NASDAQ: COIN

Articles by Ryan Hasson 

Ryan Hasson was pointing investors toward seasonal stocks. In this case, Hasson likes three autumn and winter stocks that are ideal as consumers make travel plans, layer up for the colder weather, and stock up for the cold and flu season. 

Hasson also looked at three stocks combining heavy institutional buying backed by bullish analyst sentiment. Since institutional money drives the market, this combination is almost always a winning combination for retail investors to consider.   

Turning his attention to the ever-expanding digital payment sector, Hasson compared three of the significant players in this space: Block, Inc. NYSE: SQ, PayPal Holdings, Inc. NASDAQ: PYPL, and Visa, Inc. NYSE: V and giving investors the bullish thesis for each stock.  

Articles by Gabriel Osorio-Mazilli 

Like many sectors, quality matters when looking at automotive stocks. This week, Gabriel Osorio-Mazilli helped investors understand why Tesla, Inc. NASDAQ: TSLA and Toyota Motor Corporation NYSE: TM stand out to investors for different reasons. In fact, as Osorio-Mazilli points out, that makes the investment thesis for each different.  

Osorio-Mazilli was also looking at the stock of The Walt Disney Company NYSE: DIS, which is underperforming the S&P 500 by more than 40% in the last twelve months. However, he sees both fundamental and technical reasons that DIS stock may be attractive to buy-the-dip investors.  

Shake Shack, Inc. NYSE: SHAK is another stock that Osorio-Mazilli sees as offering investors a buy-the-dip opportunity for investors. The stock dropped sharply after a strong earnings report. But with inflation likely to rise and new locations planned in the Asia-Pacific region, Osorio-Mazilli explains that Shake Shack is expected to have the pricing power that will help boost revenue and earnings growth.  

Articles by MarketBeat Staff 

The manufacturing sector is recovering from a two-year beat-down over supply chain disruptions. And Oshkosh Corporation NYSE: OSK is one of the beneficiaries. The MarketBeat staff explains why the stock’s 27% growth in the last twelve months may be just the beginning.  

On the other hand, the staff was writing about the earnings report from Chewy, Inc. NYSE: CHWY. The report was strong, but investors still appear to be staying away from the stock. This article gives you the bullish and bearish case for CHWY stock.  

And like many analysts this week, the MarketBeat staff looked at dividend stocks, specifically three dividend kings that look like solid choices to outperform the market.

Before you consider Best Buy, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Best Buy wasn’t on the list.

While Best Buy currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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