Three stocks are on my radar today and I’ve talked about one of them before… These picks are in the Real Estate, Financials and basic Materials sectors — and more in today’s stock market recap.
But first…
Stock Market Recap
In the stock market recap, global stocks are mixed today as investors await Thursday’s economic data.
The bond market is near a two-month high and could rally even further if it breaks that level. Don’t expect a huge rally because momentum levels and stocks remain overbought. The put/call ratio is at 0.650. This means bullish calls outnumber bearish puts. When we get a level of 0.65 or lower, it means there’s too much greed coming into the market. When considering the bond market activity, it means we should expect limited upside on the rally.
Bonds are going higher, which means lower interest rates. Lower interest rates means less pressure on stocks — particularly small-cap and tech stocks.
The Wholesale Inventories and EIA Petroleum Status reports are scheduled for today. Jobless claims and the Consumer Price Index are the big ones this week, and both come out Thursday.
The top sectors right now are the Energy, Industrials, basic Materials and Real Estate sectors.
Roger’s Radar: Top Stocks in the Top Sectors
I’ve talked about CBRE Group Inc. (CBRE) before. CBRE is the largest commercial real estate services firm in the world. Economies are opening back up and this stock is positioned to grow with businesses around the world.
CBRE has a one-year return of 61.13%. It has been included in the Fortune 500 since 2008. CBRE has been on a solid upward trend since October 2020 and has more room for growth.
I’ve identified a commercial bank stock pulling back to its 50-day moving average with a one-year return of 61.42%. The third stock for today is a manufacturer and marketer of consumer packaging and engineered materials.
In today’s video, you’ll discover whether the stock market is ripe for more upside… whether the bond market is breaking out again… which sectors to avoid… which sectors to buy… and the top 3 stocks for today.
P.S. Thanks to legendary trader Tom Busby finally breaking his silence, everyone now has the chance to grab winning trades and three-day weekends — every week!
Tom discovered a way to tune out all of the noise in the stock market… And he explains how the same window that repeats every week has delivered some of his best trades of the year.
I’m talking about gains like 90% on RIOT… 147% on FCX… and even 232% on ORCL.
It’s a little “Tuesday morning tip” that tells him exactly which trades Wall Street could be pushing higher.
So in other words, it’s all of the stocks that could explode within the next 96 hours!
