October got off to an encouraging start, but it didn't take long for the markets to start selling off. Stocks still generally closed out the week higher. The "three stocks to avoid" in my column last week that I thought were going to lose to the market -- Apple, Conagra Brands, and Gold Fields -- rose 1.3%%, 0.7%, and 5.9%, respectively, averaging out to a 2.6% uptick. The S&P 500 experienced a 1.5% move lower, better than two of the three stocks but still short of the overall return. I was wrong. I have, though, been right in 32 of the past 51 weeks, or 63% of the time. Now let's look at the week ahead. I see Walgreens Boots Alliance, Blue Apron, and, again, Gold Fields as stocks you might want to consider steering clear of this week. Let's go over my near-term concerns with all three

Volatility is scarce in the crypto market, with Bitcoin hovering around $19,000, but extreme volatility is due today. Many investors are currently sidelined, as they eagerly anticipate the news of the Federal Reserve (U.S. Central Bank) decision on the next rate hike. They will clarify how much they will raise rates by.As mentioned previously, raising rates is negative for crypto because it means that it becomes more expensive to borrow because loan payments are larger and so it entices people to save more, which is what central banks want to clamp down on persistently high inflation.The market has priced in an 84% chance of a 75-basis point rate hike and a 16% chance of a 25-basis point rate hike. This means that the market is anticipating a 75-basis point rate hike.A 100-basis point rate

The Fed's forecast for rate hikes was more hawkish than expected.Even the usually implied volatility melt didn't help to lift stocks.The S&P 500 could probably fall to around 3,100.After several attempts to rein in the stock market, the Fed may have figured it out. The message was clear enough for a golden retriever(I have two) to understand. There was nothing cryptic or reading of the tea leaves to understand it.Powell struck the point again, reiterating his stance at Jackson Hole about his commitment to reining in inflation, which would create below-trend growth rates and higher unemployment. What solidified this commentary was the FOMC summary of economic projections, which laid it all out very nicely.There was nothing the equity market could cling to that it could twist and turn to

Despite the bloodbath in the last trading session of the US market, our local bourse appears to be more resilient, as I've originally hoped to find Great Singapore Sale today.I feel that the market tumble last night is a knee-jerk reaction to the latest August inflation data newly released that fell short of market expectations, and the futures of the major market indices appear to set the stage for a mild rebound tonight.I had bought some 🍎 last night and plan to continue to load up my shopping cart if there were to be more cheap sale going on.“Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria,” John Templeton, one of the world’s most successful mutual-fund managers, had said. “The time of maximum pessimism is the best time to buy, and the ti

Investors should brace for more volatility with policy makers expected to deliver another jumbo rate hikeFed Chair Jerome Powell says bringing down inflation will cause pain for households and businesses.The Federal Reserve isn’t trying to slam the stock market as it rapidly raises interest rates in its bid to slow inflation still running red hot — but investors need to be prepared for more pain and volatility because policy makers aren’t going to be cowed by a deepening selloff, investors and strategists said.“I don’t think they’re necessarily trying to drive inflation down by destroying stock prices or bond prices, but it is having that effect.” said Tim Courtney, chief investment officer at Exencial Wealth Advisors, in an interview.U.S. stocks fell sharply in the past week after hopes f

These EV stocks could knock Tesla off its perch as the most dominant EV company. BYD Company(BYDDF): Triple-digit growth in sales and earnings is an incredible feat in the current economic climate. Li Auto(LI): Should reach profitability much quicker than its peers. FordMotor(F): Underrated EV stock that’s witnessing massive growth in sales for its all-electric lineup. Lucid Group(LCID): Reservation numbers continue to climb at a healthy pace, a testament to its long-term case. ChargePoint(CHPT): Massive market share in the EV charging infrastructure space, which should continue to grow at a breathtaking pace for the foreseeable future. Mullen Automotive(MULN): The unique proposition of EVs with solid-state batteries makes Mullen an incredible speculative bet. Nio(NIO): Trading at a dirt c

Who doesn't love a great growth stock? Consider what a $10,000 investment made in Tesla 10 years ago would be worth today: a cool $1.62 million.It's this potential for explosive returns that leads many to include growth stocks in a balanced portfolio. Because you never know which one might turn out to be the next Tesla.So let's look at a few stocks with serious potential: Perhaps not the potential to match Tesla's insane 16,000% return over 10 years but still stocks worth owning nonetheless.1. MicrosoftWhen it comes to growth stocks worth owning and holding forever, Microsoft is near the top of my list. The software giant has diversified in recent years, building a thriving cloud services business, expanding its gaming division, and buying business-networking site LinkedIn.The company has

Addentax shares opened at $29.53 before sliding.On Wednesday, Addentax uplisted its shares from the OTC market and offered 5M shares at $5 apiece. The shares were halted several times for volatility, eventually eventually closing at $656.54, up 8,654% from Tuesday's OTC close of $7.50.The shares reversed course on Thursday, plunging 95% to close at $30.Incorporated in Nevada, Addentax operates primarily through subsidiaries in China, providing services such as garment manufacturing, epidemic prevention supplies manufacturing and distribution, logistics and property management. The company is headquartered in Shenzhen, China.

U.S. stocks ended sharply lower on Wednesday, as comments from Fed Chair Jerome Powell shattered initial optimism over a Fed policy statement that raised interest rates by 75 basis points but signaled that smaller rate hikes may be on the horizon. In a volatile trading session, equities initially moved higher in the wake of the hike by the Fed, the fourth straight increase from the central bank of that magnitude as it attempts to bring down stubbornly high inflation. The target federal funds rate was set in a range between 3.75% and 4.00%, but the impact of the hike was initially tempered by new language that suggested the central bank was mindful of the effect its outsized rate hikes have had on the economy. Investors had been widely anticipating a 75-basis point rate hike, while hoping t