SVB Financial Group
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3 Hot Stocks for Tomorrow: Thursday Predictions for ADBE, DG, MSFT
InvestorPlace Last week ended with a bang and this week started with one. The regional banking crisis has reintroduced a wave of volatility into the financial system, something we’re seeing all across the board. Now more than ever it has investors looking at the hot stocks for tomorrow. SVB Financial (NASDAQ: SIVB ) failed late last week and Signature Bank (NASDAQ: SBNY ) failed over the weekend. On Monday, that sparked quite a bit of panic. The CBOE Volatility Index — the so-called “fear gauge” — rallied 50% in two days, bonds yields plunged and financial stocks went haywire. Of course, we also had the inflation report on Tuesday morning. The in-line results have left investors wondering what the Fed is going to do. Will it raise rates into an obviously tense situation with the banking system? Or will it play it safe even as inflation continues to persist? Let’s look at a few hot stocks for tomorrow — Thursday — as we push into the second half of the week. Hot Stocks for Tomorrow: Adobe (ADBE) Click to Enlarge Source: Chart courtesy of TrendSpider Earnings have mostly wrapped up in tech, but that doesn’t mean investors won’t focus on Adobe (NASDAQ: ADBE ) when it reports after the close on Wednesday. more…
The 7 Best Investments for Passive Income in 2023
InvestorPlace While it’s always a good time to consider the best investments for passive income, this category enjoys significantly boosted relevance based on recent events. As you’ve undoubtedly heard, the banking sector suffered a severe confidence hit due to the collapse of SVB Financial Group. As CNN Business pointed out, it’s the biggest failure of a U.S. bank since Washington Mutual in 2008. Fundamentally, a deadly combination of higher interest rates, exposure to low-yielding bonds, and pain among technology startups sparked a bank run. Unfortunately, SVB Financial simply lacked the resources to meet everyone’s panicked requests. More critically, it’s possible over the next few weeks and months that the crisis could ripple to other financial institutions. Therefore, investors need less exposure to risk-on assets and more to enterprises with established and profitable businesses. To achieve this, the best investments for passive income will feature a balance between yield and capital gains potential. more…
The 3 Best Consumer Discretionary Stocks to Buy Now
InvestorPlace The headlines about the failures of two banks — Silvergate (NASDAQ: SI ) and SVB Financial (NASDAQ: SVB ) – understandably have scared some investors. But these two financial institutions were relatively small. Moreover, Silvergate got into trouble primarily because it focused on the doomed crypto sector. At the same time, SVB made very poor investment decisions, took on too much debt, and was hurt by the anemic IPO market. Most analysts are saying that the banking sector as a whole does not have similar problems and is, in the words of Wells Fargo, “well-capitalized.” Meanwhile, heading into a pivotal election year, Washington unsurprisingly took major steps on March 12 to prevent a major banking crisis. And, by all accounts, the labor market remains extremely strong. The services sector on which the American economy is based is also still rapidly expanding, despite the Fed’s interest-rate hikes. Given these points, long-term investors should not fear buying the best consumer discretionary stocks . more…