The market has been really choppy lately. With tech stocks at critical momentum levels and an inevitable interest rate rise around the corner, investors should be cautious. I have three small-cap stocks on my radar that won’t be affected as much by interest-rate fluctuation — and more in today’s stock market recap.
In the stock market recap, global stocks are mixed after slower services activity was reported in the United States.
We know that the Federal Reserve will increase interest rates faster than previously expected. The bond market has been moving higher, causing tech stocks to rally. As I’ve mentioned before, momentum levels in the Nasdaq are unsustainable. The S&P 500, on the other hand, should hold on to its relative strength better than tech stocks. Small caps have been trading sideways for the past six months and have a lot of upside potential.
The service industry, according to the Industry of Supply Management, grew slower than expected in June, but the travel and hospitality industries have been crushing it this summer. As a result, U.S. prices have risen. This is the latest inflation attribution backing the Fed’s opinion that inflation is temporary. The used-car market had been highlighted as the cause of June’s rise in “transitory” inflation.
I’ve talked about Vista Outdoor Inc. (NYSE: VSTO) before. It develops and manufactures optics and eyewear. This is a pent-up stock that started to move post-pandemic. It has a one-year return of 168.36%. VSTO is in the leisure industry, which is currently booming. The stock pulled back to its 50-day moving average but closed above on Tuesday. VSTO has a lot of upside potential with a market cap of only $2.37 billion.
I’ve also identified an international developer and manufacturer of materials and structures for the private and public aerospace sectors. The third small cap develops and commercializes medical instruments. Medical stocks are usually immune to interest rate fluctuation. This one has a one-year return of 301.73%!
In today’s video, you’ll discover whether the Nasdaq is overbought… whether bonds are moving above their 200-day moving average… how big of a pullback to expect… which stocks are at risk of downward pressure… and the top 3 small caps with the least sensitivity to interest-rate fluctuations.
People have been waiting for me to share my Sniper Trader Pro strategy for a while now…
And there has never been a better time for it. With more volatility likely around the corner, traders need to find a strategy that keeps them disciplined.
Traders could spend countless hours on research… trying to figure out when it’s best to enter a trade. Or they could simply enter a trade once a stock crosses what I call the “Sniper Line.”
This line has helped me achieve triple-digit gains on stocks, like 261% on NKE… 400% on DIS… and 740% on ANTM.
Emotions should be left out of trading — especially in murky times like these. Sniper Trader Pro uses specific data points to provide a clear entry signal.
Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.