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Overnight, markets shifted from record highs on Thursday to a sharp decline on Friday. This could be related to the new $1.9 trillion stimulus plan on the table, and the doubt that investors feel towards it. Another consideration has been the economic recovery and how slow it has been. When asked, executives at Delta and United Airlines provided a somber outlook for travel this year, as it’s still too soon to pinpoint exactly when a rebound can be expected. Things are still in a bit of a holding pattern this year as the labor market continues to struggle.
Our AI has selected various stocks and ETFs across multiple industries. Cedar Fair -Lp (FUN) and Tripadvisor Inc (TRIP) are the only two stocks to be highlighted for the next week and 30 days. Both hold a Top Short rating – Cedar Fair received Q-Factor Scores of D in Technicals, F in Growth and C in Low Volatility Momentum while Tripadvisor earned a score of D in Technicals, F in Growth, C in Low Volatility Momentum and F in Quality Value.
The remaining stocks highlighted by our AI for the next week are all rated Top Buy. Nike Inc -Cl B (NKE) received Q-Factor Scores of C in Technicals, C in Growth, A in Low Volatility Momentum and C in Quality Value. Acushnet Holdings Corp (GOLF) scored a C in Technicals, B in Growth, B in Low Volatility Momentum and B in Quality Value. Lastly, Hostess Brands Inc (TWNK), at stock that’s performed well recently and is in a good position for double-digit EPS growth this year, earned Q-Factor Scores of C in Technicals, B in Growth, A in Low Volatility Momentum and A in Quality Value.
For the next 30 days, our AI models have rated Factset Research Systems Inc (FDS), which scored a C in Technicals, C in Growth, B in Low Volatility Momentum and A in Quality Value, Top Buy. Verisk Analytics Inc (VRSK), also a Top Buy, received Q-Factor Scores of D in Technicals, B in Growth, A in Low Volatility Momentum and A in Quality Value.
Looking at ETFs, all of the Top Buys over the next week are either in the commodity or energy sector – specifically, iShares Global Energy (IXC), iShares Silver Trust (SLV) and VanEck Vectors Gold Miners (GDX). SPDR S&P Oil & Gas Exploration & Production (XOP) has been rated Top Buy, too, but for the next 30 days.
iShares China Large-Cap (FXI) and iShares MSCI Hong-Kong (EWH), ETFs composed of equities that trade on the Hong Kong Exchange, both hold Top Short ratings over the next week. Not all international ETFs are necessarily bad. Over the next 30 days, iShares Latin America 40 (ILF) and iShares MSCI Brazil (EWZ) have both earned Top Buy ratings from our AI.
To round out ETFs, Vanguard Short-Term Corporate Bond (VCSH) has been rated Top Short by our AI. This week, the fund saw an inflow of over $1.3 billion, so it’s possible that our AI has detected that relative to its 200-day moving average, its current price is too high.
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