Stocks and Securities

Stocks had a rollercoaster ride yesterday. The S&P 500 started to head lower at the start of the session, spiked up mid day, only to close the day flat at 0.04%.  The Dow Industrial climbed 0.11% after a mid-day spike to about 26150 only to lose strength and close the day at just below 26000. The tech-heavy Nasdaq plunged as low as 7880 only to recover and eventually closing down 0.23% at 7654.

Dow Industrial AverageS&P 500Nasdaq 100Russell 2000

 

 

 

 

 

 

 

 

 

 

 

It appears that the Trump administration has once again invited China back to the table in hope to restart trade discussions. Larry Kudlow has been cited saying “There’s some information that we received… the top of the Chinese government wished to pursue talks”. It appears that US is prepared to put another $200B USD on Chinese goods.

On to Canada and NAFTA talks, the Canadian Foreign Minister Chrystia Freeland has been on record stating that US officials need to do more work prior to holding further talks. The discussion is not in a stalemate however, and is on going.

Crude oil WTI - Oil markets and oil pricesCrude oil Brent - oil markets and oil prices

 

 

 

 

 

 

Onto the Oil and Oil sands, it appears that globally the Oil supply has been functioning at full capacity. In August, Oil production reached a record of 100M barrels per day. This may change significantly in coming months as we begin to see the effects of Iran and Venezuelan fallout. The IEA has said,  “We are entering a very crucial period for the oil market…It remains to be seen if other producers decide to increase their production… Things are tightening up.”

 

What are the best stocks to buy in this market?

 

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Stocks on the Radar

Regarding potential ETF plays from our ETF ALPHA segment, last week we had the notables UWT (+4%) and LABU (+6%). Look at this weeks take on the ETFs we follow.

Furthermore, we encourage our readers to look at our most recent article titled “New Frontiers in Genomic Medicine” as we highlighted Bluebird BioInc. (BLUE) as our next long-term investment opportunity.

Lastly, take time to read our “Best stocks to Buy in September”, as we highlighted four of our picks for this month.