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3 Stocks to Dump in a Rising-Rate Environment February was a wild month for the stock market. All three major indexes ended the month in the green, with the Dow Industrials adding 4.4% and the S&P gaining 3.4%. And even with its 4.9% decline last week, the technology-heavy Nasdaq still turned out a 1.4% gain. This may be a sneak preview of what’s coming next for the markets… including three winning sectors and three losing stocks. Marching in Like a Lion The steep sell-off in tech stocks had one culprit: rising interest rates. The 10-year Treasury note jumped to 1.54% from 0.93% at the beginning of the year: ....
More COVID Relief Will Give an Added Boost to These 2 Stocks More COVID-19 relief could soon be on the way. The House Budget Committee just approved a $1.9 trillion coronavirus aid bill. As things stand now, $1,400 in stimulus has been earmarked for most Americans. Labor Department data shows that the $600 checks sent out in December went right to work in the economy. Retail sales jumped 5.3% in January, which was 5X higher than expected. With the next round of individual stimulus more than twice as large as the last, it will add even more juice to the recovering economy. Plus, COVID-19 cases are declining. This one-two punch of positivity should have long-lasting effects. ....
Texas produces roughly 38% of the US oil supply. So when they restrict drilling, oil supply falls… and this will add fuel to oil’s latest bull run. ....