Stocks and Securities

Even though, trade war continues to weigh on investors minds stocks continued to rally Thursday. The Dow Jones Industrial Average added 1.0% and finished the day at a new all-time high for the first time since January 26. As for the other major indexes, the S&P 500 closed at a new record, finishing with a gain of 0.8%, the tech-heavy Nasdaq added 1.0% to finish about 1.0% off its August 29 record; and the small-cap Russell 2000 climbed 1.0%, closing just within 1.2% of its all-time high.

Dow Industrial AverageS&P 500Nasdaq 100Russell 2000

 

 

 

 

 

 

 

 

 

 

 

Overall, 10 of 11 sectors finished the session in the green. After tech, the materials finished +1.1%, consumer staples finished +1.2%, and health care finished +0.9%. The influential financial sector (+0.8%) also finished strong, even though yields fell from multi-month highs. The benchmark 10-yr yield, for instance, slipped one basis point to 3.08% after hitting a four-month high on Wednesday.

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

 

 

 

 

 

 

All sectors finished in the green except for the oil-sensitive energy sector, which finished with a loss of 0.1%. A decline in the price of crude oil weighed on energy shares was attributed to President Trump criticizing OPEC on Thursday morning, saying the “OPEC monopoly must get [oil] prices down now!” WTI crude futures lost 0.6%, closing at $70.26/bbl.

 

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.