Welcome to Extreme Investor Network, where we provide unique insights and valuable information to help you navigate the world of investing. Today, we will be discussing how mounting geopolitical tensions and a tight presidential election may impact market volatility in the coming weeks, and how high-quality growth stocks can be a valuable tool for investors looking to hedge against uncertainty.
October is historically known for volatility in the stock market, and recent weeks have been no exception. Despite some ups and downs, the market has seen some record highs, especially in the Dow Jones Industrial Average. As earnings season is in full swing, many companies have been exceeding analysts’ expectations, providing some stability in an otherwise turbulent market.
At Trivariate Research, founder and CEO Adam Parker believes that investing in high-quality large-cap growth stocks can be a safer bet in the current market conditions. These stocks tend to be less volatile, with betas between 0.8 and 1.2 as of October 11th. Some of the names on Trivariate’s list include Eli Lilly, Flutter Entertainment, Adobe, Costco, and Hilton.
Eli Lilly, a health-care company, has seen significant gains this year, with shares up over 57%. The company recently announced a multi-billion dollar investment in research and development, which has been well-received by investors. Analysts are bullish on Eli Lilly, with a consensus price target suggesting a 10% upside from current levels.
Flutter Entertainment, a consumer discretionary company that owns FanDuel, has also had a strong year, with shares up over 27%. The company recently announced a multi-billion dollar share buyback program and expects strong revenue growth in the coming years.
On the other hand, Adobe has not performed as well, with shares down nearly 16% this year. Despite some recent setbacks, analysts remain optimistic about the stock, with an average price target suggesting a 24% upside potential.
Rounding out the list are Costco and Hilton, both of which have outperformed the broader market this year, with gains of over 30%. These companies are seen as solid growth opportunities in a volatile market environment.
At Extreme Investor Network, we believe that staying informed and investing in high-quality growth stocks can help you navigate uncertain market conditions. By following the insights and recommendations of experts like Adam Parker, investors can position themselves for success in any market environment. Stay tuned for more exclusive content and valuable insights on investing from Extreme Investor Network.