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My exclusive Top 5 Watchlist for the week ahead

My exclusive Top 5 Watchlist for the week ahead

You might have heard of the phrase “bad news for the economy is good news for the stock market.” Despite the sentence seeming counterintuitive, it does make sense. To clarify, it means that when the stock market is booming, the overall economy is suffering because of the rising market power and profits of corporations eating up the workers’ incomes and stretching thin the spending power of the consumers.

For the stock market and its proponents, including notable investors such as Warren Buffett, investing in companies with more market power will always be a safe bet, with Buffett advising that one should invest in companies with large amounts of market power.

Investing is becoming difficult by the day, even for smart money. The entire hedge fund industry is feeling the repercussions of the changing financial landscape. This week’s stocks were selected based on hedge fund sentiment, fundamentals, and growth potential based on core business strengths.

Here’s my list for this week:

  1. Jumia Technologies (JMIA)
  2. ChargePoint Holdings, Inc (CHPT)
  3. BP p.l.c. (BP)
  4. Financial Select Sector SPDR Fund (XLF)
  5. Altria Group, Inc. (MO)

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Are any of my Top 5 already on your Watchlist? Reply back and let me know. 

Have an amazing weekend, and stay tuned for Monday morning for our in-depth breakdown of  Jumia Technologies (JMIA)

Gordon Fox is the editor of investinglate.com and writes about Investments, Savings, and how to make the most of your money