Broadcom, a major tech company, is set to report earnings after the bell on Thursday. The stock has been performing well, with a 16% increase over the past three months. However, it is important to note that shares are still 17% below the June high. The VanEck Semiconductor ETF, in which Broadcom is a significant component, has also faced a decline, being down 12% in three months.
Ford and General Motors are two auto companies that are worth keeping an eye on. Ford has seen a 13% increase in stock value in the past month, while General Motors shares have gone up by 21%. Both companies have not yet reached their July highs, with Ford being 26% below and General Motors 4% below.
Retail giant Costco is another stock to watch, as it reports August sales on Thursday afternoon. The company has seen an 8.3% increase in shares over the past month and is currently at the top of the S&P Food and Retailing Industry in terms of performance this year, with a 35% increase. On the other hand, Walmart has seen a 47% gain this year.
For investors looking for less volatility, the Invesco S&P 500 Low Volatility ETF (SPLV) could be a good option. The ETF hit an all-time high on Wednesday and includes holdings like Berkshire Hathaway, Visa, and JPMorgan. It has a dividend yield of 2% and has seen a 9% increase in the past three months. This could be a safer bet compared to the Technology Select Sector SPDR Fund (XLK), which is slightly down in the same period.
In the asset class realm, there are mixed opinions. While some sectors like commercial mortgage-backed securities are facing challenges, others like Nuveen’s are performing well with a 2.5% increase in 2024. The Invesco S&P 500 Low Volatility ETF is also worth considering for those who prefer a more stable investment option.
The stock market is a dynamic environment with various trends and opportunities to explore. It is essential for investors to stay informed and keep a close watch on the performance of different sectors and companies. By monitoring the trends and making informed decisions, investors can navigate the market effectively and make the most of their investments.
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