Welcome to Extreme Investor Network, where we bring you unique insights and analysis on key money moving discussions in the world of investing. Today, we’re diving into some valuable tips shared on CNBC’s “Worldwide Exchange” by top strategists, exclusively for our PRO subscribers.
As we navigate the turbulent waters leading up to the U.S. presidential election, experts are advising investors to exercise patience. Steven Wieting of Citi Global Wealth Investments emphasized the need for a wait-and-see approach, highlighting the market distortions typically seen in the October period before elections. He pointed out that the differing policy platforms of the presidential candidates could spark significant market movements, particularly impacting global markets outside the U.S.
Looking for investment opportunities amidst the uncertainty? Aadil Zaman of Wall Street Alliance suggests focusing on stocks that cater to high-income earners. Zaman singled out Home Depot (HD) and American Express (AXP) as potential winners, noting that the high-end consumer segment is expected to continue spending despite economic fluctuations.
For investors seeking stability in their portfolios, Wieting recommends a dividend-focused strategy as a hedge against market volatility. He highlighted the ProShares S & P Dividend Aristocrats ETF (NOBL) and the Vanguard Dividend Appreciation Fund (VIG) as solid options for long-term wealth building, particularly in uncertain times like these.
In our Chart of the Day segment, we take a closer look at the iShares Transportation Average ETF (IYT), which recently hit an all-time high. Boosted by strong earnings from JB Hunt, this ETF provides a more representative view of the freight and logistics sector, with a lower weighting of airlines and more trucking stocks. With approximately 72% of U.S. freight moved by truck, according to the American Trucking Association, the performance of IYT offers valuable insights into the broader transportation industry.
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