Weekly Market Review: 10/9 – 10/13

Table of Contents

Key Points

  • The latest readings on inflation show that it remains entrenched and is likely to ensure higher-for-longer interest rates.
  • Geopolitical tensions are also keeping pressure on stocks as more investors appear to once again be fleeing to the safety of treasury bonds.
  • The first earnings reports from the big banks were bullish for earnings season, which kicks off in earnest in the next two weeks.

Stocks remained under pressure this week as the Producer Price Index (PPI) and Consumer Price Index (CPI) both showed that the rate of inflation has stopped slowing. With oil prices expected to remain high, there are concerns that the economy may slow sharply in the coming months. The recent inflation figures confirm to investors that the Federal Reserve will likely keep interest rates higher for an extended period.

In contrast, the first earnings reports from the big banks were positive, providing a bright spot for the market. Earnings season is about to begin, and the MarketBeat team will closely monitor the reports as well as other factors affecting the market. Here are some of the most popular stories from this week:

Articles by Jea Yu

Jea Yu suggests that Verizon Communications, Inc. (NYSE: VZ) may be a good option for investors seeking relative security in a difficult market. The recent dividend increase by the company should help alleviate investor concerns related to interest rates. Yu also highlights two gig stocks in the labor market, noting potential opportunities for investors. Additionally, Yu discusses three sweet stocks that could be good additions to fourth-quarter shopping lists.

Articles by Thomas Hughes

Thomas Hughes identifies PepsiCo, Inc. (NASDAQ: PEP) as one of the early winners of the earnings season. The company delivered a solid earnings report and raised its full-year guidance. Hughes also discusses Rivian Automotive, Inc. (NASDAQ: RIVN), which saw a sharp drop after announcing a debt offering but has potential for bullish upside. Using MarketBeat’s Most Downgraded Stocks tool, Hughes points investors towards three solar stocks with analysts’ support despite recent declines.

Articles by Sam Quirke

Sam Quirke suggests that one gaming giant’s stock looks promising, with potential bullish catalysts on the horizon. Quirke also writes about the impact of the war between Israel and Hamas on crude oil prices, highlighting three oil stocks that could be savvy buys in anticipation of oil reaching $100. Sticking with healthcare stocks, Quirke examines the moving averages of three stocks that may appeal to traders and investors who use technical analysis.

Articles by Chris Markoch

Chris Markoch discusses the impact of the war between Israel and Hamas on crude oil prices and identifies three oil stocks as smart purchases amid expectations of oil prices rising. Additionally, he explores the current price of a certain stock and questions whether it is a buy at its current valuation.

Articles by Kate Stalter

Kate Stalter delves into healthcare stocks and highlights three stocks with promising moving averages that may appeal to traders and investors using technical analysis. She also examines the recent earnings report of a certain company, indicating a potential recovery.

Articles by Ryan Hasson

Ryan Hasson focuses on healthcare stocks that have shown resilience during market sell-offs, analyzing their potential price movement in the coming months. He also provides an in-depth analysis of UnitedHealth Group, Inc. (NYSE: UNH) and discusses an explosive electric vehicle player that could rival Tesla, Inc. (NASDAQ: TSLA).

Articles by Gabriel Osorio-Mazilli

Gabriel Osorio-Mazilli explores three stocks that offer value investors a mix of high profits and low valuations, making them attractive for compounded growth over time. In the electric vehicle market, he suggests considering an alternative EV player that is gaining traction globally. Finally, Osorio-Mazilli highlights Starbucks, Inc. (NASDAQ: SBUX) as a quality stock that may have been oversold in recent market volatility.

Articles by MarketBeat Staff

The MarketBeat staff covers various topics, including a solid earnings report from Lamb Weston Holdings, Inc. (NYSE: LW), factors to consider despite the sell-off of Carnival Corporation & plc (NYSE: CCL) stock, and the recovery of Nike, Inc. (NYSE: NKE) following its recent earnings report.

Overall, the market has been influenced by inflation concerns, geopolitical tensions, and the positive start to the earnings season. Investors are advised to stay informed and carefully analyze individual stock opportunities.

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