In this week’s video, Paul Goodwin, chief analyst of Cabot Global Stocks Explorer (formerly Cabot Emerging Markets Investor), looks at the state of the market, which is positive, but not enthusiastically so. The S&P, the Dow and the Nasdaq are all above their 25- and 50-day moving averages, but they are still in their recent trading ranges and not moving much. The situation in the emerging markets is similar, although China is a little stronger. Paul gives a few stocks that are his favorites in this kind of tepid market, which is stocks that are hitting new highs. When markets don’t have a lot of energy, a stock hitting new highs is a great antidote, although you may want to keep your investments small to begin with.
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Timothy Lutts heads one of America’s most respected independent investment advisory services. Each week, Tim personally picks the single best stock in his exclusive Cabot Stock of the Week advisory. Build your wealth and reduce your risk with the top stock each week for current market conditionsLearn More