And the S&P 500 might be a good source going forward and you can see what the experts advise to buy below.Ĭaution for investors: As the fall approaches, cautious investors and businesses will pull back spending, and wait for the market rebound in mid 2024. We’re all looking for the best stocks to buy soon. So for the next 12 month forecast period, investors are looking at opportunities to buy the bottom. Compare that to your opportunities to buy good stocks on the Dow, S&P, and NASDAQ and it’s a coin toss. The upside for a two year window is incredibly high. It’s likely smart to buy oil stocks soon since they’re hitting strong low prices. Super Micro Computer (SMCI) supplies GPU chips to Tesla.Įlections are only 16 months away. Super Mico Computer is yet atop the high performance list with Nvidia not far below. BarCharts Top Weighted Alpha High Performing Stocks EAI says demand for fossil energy will grow. As energy experts remind us, the world’s demand for oil and natural gas cannot be reduced. As a commentator on CNBC said today, the market share of alternative energy has not grown, and instead stays stuck at 19% despite the trillions spent to annihilate fossil fuels. Right now, a large number of institutional investors are trying to avoid buying energy stocks, but when the economy opens again, energy demands will be high. Compare this to Teslas P/E ratio (73), Nvidia’s P/E ratio (111) or Google’s P/E Ratio (26), or even Apple’s P/E ratio (32), and it’s hard to look away from that one. It could go lower, but it’s near bottom, and here’s a stock with a price earnings ratio of 2. In particular, Athabasca oil corp has a very strong profile and has suffered a big price drop of recent. Oil stock investors should look at Canadian oil stocks. He suggests Biden won’t do anything such as pour out more oil from the SPR reserves, however that’s Biden’s only ace in the hole to keep gasoline prices down. Screenshot courtesy of Google Finance.įurther, Jeff Currie, Goldman Sachs global head of commodities research, said on CNBC’s Squawk Box that oil prices may be on a turning point due to low drilling and low inventories. The Dow Jones is bouncing along the bottom yet one expert noted that commodities are recovering globally. Other experts warn the AI-boosted NASDAQ is about to take a fall. Speculators still talk about a bull market run this year, and this chart below from Google Finance shows the stubborn upward trend this year. Fortunately, the lagging effects of rate hikes will kick in and slow it in Q3 and Q4, and into 2024, but setting the stage for a US economic recovery and happier times. It will take something particularly awful to tame the economy. Not a popular stance, and it’s not being taken too seriously by investors who see the US economic return as inevitable. But where are the big profits going to come from if you buy this 2023 2H dip?Īnd the bank news, GDP strength, jobs strength and spending too have make J Powell and the FED threaten with further rate hikes. The test ensured they can survive a recession or much lower rates. Yesterday’s Bank stress test results were positive and today it’s given the markets a boost. As we look ahead, investors ponder individual stocks and sectors that be positioned best to buy in the 3 month to 6 month period. Plenty of angst and hope color the stock market for the 2nd half of 2023.

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