7 Blue-Chip Stocks to Sell Before They Fall
Although I don’t expect the economy as a whole to enter a recession, I do think that some sectors will be hit very hard by changes that the economy is undergoing. As a result, I think that there are definitely some blue-chip stocks to sell. Among the sectors likely to be hit hard are housing, some retailers, the PC space, cable TV companies and consumer electronics. With the Federal Reserve rapidly raising interest rates, the housing sector has taken a big hit, and it’s likely to tumble further in the months ahead as the central bank continues to raise rates, albeit at a slower pace. As a result, retailers whose fortunes are tied to the housing space probably won’t perform very well for the foreseeable future. 7 Stocks Hedge Funds Are Buying Right Now Meanwhile, American consumers are spending much more money than usual on experiences, transportation and food, leaving many of them with little money to spend on discretionary products. That phenomenon is going to hurt many retailers, PC makers, companies that sell consumer electronics products, and firms that make money from cable TV.
7 Blue-Chip Stocks to Sell Before They Fall
Although I don’t expect the economy as a whole to enter a recession, I do think that some sectors will be hit very hard by changes that the economy is undergoing. As a result, I think that there are definitely some blue-chip stocks to sell. Among the sectors likely to be hit hard are housing, some retailers, the PC space, cable TV companies and consumer electronics. With the Federal Reserve rapidly raising interest rates, the housing sector has taken a big hit, and it’s likely to tumble further in the months ahead as the central bank continues to raise rates, albeit at a slower pace. As a result, retailers whose fortunes are tied to the housing space probably won’t perform very well for the foreseeable future. 7 Stocks Hedge Funds Are Buying Right Now Meanwhile, American consumers are spending much more money than usual on experiences, transportation and food, leaving many of them with little money to spend on discretionary products. That phenomenon is going to hurt many retailers, PC makers, companies that sell consumer electronics products, and firms that make money from cable TV.