5 Absolute Best Stocks Ruling The Market
Zacks Investment Research | Aug 18, 2016 11:42PM ET
The tumultuous ride in the market has left investors edgy about picking the right stocks for their portfolio. Global economic headwinds like the Brexit episode, soft Euro zone growth, fluctuating commodity prices, plunging oil prices and adverse foreign currencies are far from easing.
This is mirrored by the single-digit growth in the two important market indices. So far this year, the Dow Jones Industrial Average (DJI) and the Standard & Poor’s 500 (S&P 500) have advanced by 6.73% and 7.00%, respectively.
True, the above headwinds have left a major impact on the financial markets around the world, and the U.S. is no exception.
That said, a recovering U.S. economy, stability in the job market, housing recovery and rising wages are providing some respite. Gross domestic product or GDP grew at a seasonally adjusted annual rate of 1.2% in the second quarter. Though the economy has grown at less than a 2% rate for three straight quarters, the gain marks an increase from the first quarter, when GDP advanced at a downwardly revised 0.8% pace.
Keeping in mind the positive momentum, we believe it is a good time for investors to take positions in the right stocks before a rate hike by the Fed and the presidential elections this year. Investors should keep in mind that despite the recent encouraging jobs data, the path of interest rates is remains shrouded as not all U.S. economic indicators have been positive.
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