Trends to Watch: Consumer Spending and Rising Interest Rates
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Hey Insiders, This weekend we will look at the top 10 performing stocks in the S&P 500 from the past week and how Wall Street analysts predict the stocks will perform over the next 12 months. In addition, each day, I'll provide two trends to watch based on guidance and notes from major banks or institutions so that you have both a list of stocks to analyze and some trends to investigate. Let me know how you like this format by contacting me on Twitter. Onward and Upward, |
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 Stock to Watch: DexCom (NASDAQ: DXCM) - This healthcare stock was up 29.8% this week.
- It has a buy rating from 66.7% of the Wall Street analysts that track the stock.
- On average, Wall Street analysts believe the stock will decline by 3.2% in the next 12 months.
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 Stock to Watch: Marathon Oil Corporation (NYSE: MRO) - This energy stock was up 26.3% this week.
- It has a buy rating from 44.4% of the Wall Street analysts that track the stock.
- On average, Wall Street analysts believe the stock will gain 12.2% in the next 12 months.
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 Stock to Watch: APA Corp. (NASDAQ: APA) - This energy stock was up 25.4% this week.
- It has a buy rating from 46.4% of the Wall Street analysts that track the stock.
- On average, Wall Street analysts believe the stock will gain 24.6% in the next 12 months.
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 Stock to Watch: Halliburton Company (NYSE: HAL) - This energy stock was up 22.4% this week.
- It has a buy rating from 67.9% of the Wall Street analysts that track the stock.
- On average, Wall Street analysts believe the stock will gain 39.7% in the next 12 months.
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 Stock to Watch: Devon Energy Corporation (NYSE: DVN) - This energy stock was up 21.4% this week.
- It has a buy rating from 50% of the Wall Street analysts that track the stock.
- On average, Wall Street analysts believe the stock will gain 9.4% in the next 12 months.
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Trends to Watch: Declining Consumer Spending With the economy in a precarious position and consumer confidence at a low, many consumers are lowering their spending to help save funds in the event of a recession. Travariate Research has put together a list of companies that have significantly increased inventories from April to September 2022. This inventory increase signifies that consumers are moving away from purchasing goods from these companies, which may be considered non-essential. Here is the list of companies with the highest inventory-to-sales ratios: - Intel (NASDAQ: INTC)
- Garmin (NYSE: GRMN)
- Hewlett Packard (NYSE: HPE)
- Dick's Sporting Goods (NYSE: DKS)
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Trends to Watch: Rising Interest Rates As the Federal Reserve continues to raise interest rates, the cost of borrowing for companies continues to rise. Because of this, the bottom line of companies with large amounts of debt is impacted by the increase in their interest payments. Here is a list of companies with a high floating rate debt exposure that will be most negatively impacted in the short term: - Royal Caribbean Group (NYSE: RCL)
- Carnival Corporation (NYSE: CCL)
- United Airlines Holdings (NASDAQ: UAL)
- Alaska Air Group (NASDAQ: AAL)
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NOTE: Inside.com newsletter, event, and website content reflects the opinions of only the authors who are associated persons of Inside.com and do not reflect the views of Inside.com. This content is for informational purposes only, and is not a recommendation of an investment strategy or to buy or sell any security, digital asset (including cryptocurrency) in any account. The content is also not a research report and is not intended to serve as the basis for any investment decision. The content is not legal advice. Any third-party information provided therein does not reflect the views of Inside.com. All investments involve risk including the loss of principal, and past performance does not guarantee future results.
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 |  | Liam Gill is a founder, lawyer and investor.
He previously founded Fumarii Technologies, which became a top 20 ranked cloud computing service (Yahoo Finance! 2019) valued at over $30M. He holds an LLB Laws (UK), MSc Management and Master of Laws and currently practices law in Vancouver, Canada.
|   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
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