Broadcom, the third largest component in the popular VanEck Semiconductor ETF (SMH), has been on the radar recently. The stock has seen an impressive 16% increase over the past three months. However, it is important to note that shares are still 17% below the June high. CNBC TV’s Seema Mody will cover Broadcom’s earnings report on Thursday after the bell, providing valuable insights for investors.
In the auto industry, Ford and General Motors have shown some positive movements. Ford, for instance, has surged nearly 13% in just one month, while General Motors shares are up 21% during the same time period. Both companies are still off from their July highs, with Ford being 26% down and GM trailing at 4% below the July 18th high. CNBC TV’s auto and airlines man Phil LeBeau will be closely watching Ford’s August sales, providing key information for investors to consider.
Moving on to the retail sector, companies like Costco and Walmart have been performing well. Costco has seen an 8.3% increase in its shares over the past month, and is near the top of the food chain in the S&P Food and Retailing Industry for the year. Shares of Costco are up a staggering 35% in 2024, making it a standout performer in the industry. Walmart, on the other hand, has gained 47% this year, solidifying its position as a top performer. Jim Cramer, an influential figure in the investment world, has been a strong supporter of Costco, further boosting investor confidence in the company.
CNBC.com’s Michelle Fox recently wrote about the asset class for CNBC Pro, highlighting the bullish sentiments in certain sectors of the industry. John Devaney, CEO of United Capital Markets, expressed concerns about commercial mortgage-backed securities last week on “Squawk Box”, signaling potential trouble in that area. The Nuveen’s asset class is up 2.5% in 2024, with a yield of 6.1% as of Wednesday evening. For investors looking for more stability, the Invesco S&P 500 Low Volatility ETF (SPLV) hit an all-time high on Wednesday, offering a low-risk investment option. The ETF includes top holdings like Berkshire Hathaway, Visa, and JPMorgan, and has shown a dividend yield of 2% as of Wednesday night.
The stock market is a dynamic and ever-changing environment, offering both opportunities and risks for investors. By staying informed about key developments in various sectors such as technology, auto, retail, and asset classes, investors can make more informed decisions and navigate the market with confidence. It is important to conduct thorough research, seek advice from financial experts, and stay abreast of the latest news and trends to build a successful investment portfolio.
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