Listen up, folks! The market is jittery right now, with everyone on edge about the upcoming August Jobs Report. We're seeing headlines screaming about a potential “September Swoon,” and the talking heads on CNBC are practically foaming at the mouth with recession talk. But you know what? That's exactly what creates opportunities for those of us who are willing to think for ourselves and act decisively.
Here's the deal: the Jobs Report, due out this Friday, could be weaker than expected. If that happens, watch out! The market could tank, with panicked investors selling off everything in sight. But here's the secret: a weak Jobs Report is just a short-term blip, and smart investors know it. They're not running for the hills. They're getting ready to buy!
Now, I'm not saying you should blindly buy every stock that dips. You need to be selective and focus on companies with strong fundamentals and a clear path to future growth. And I've got three on my watchlist for this week. I found these after hours of reading newsletters from my vast network, and I'm excited to share these opportunities with you.
Let's get this week started with three stocks to buy while everyone else is panicking:
1. Costco (COST)
Costco is a retail giant that's built to withstand any economic storm. They've got a loyal customer base, a rock-solid business model, and a history of delivering strong returns.
Now, you might be wondering, “Isn't a recession bad for retail?” Well, yes and no. It depends on the retailer. Costco caters to value-conscious customers who are always looking for a deal. And in tough times, guess what? People become more value-conscious, not less.
My friend Chris Johnson of Money Morning agrees. Just last week in his article 5 Stocks Ready for Action Before Friday's Jobs Report, he makes the case that Costco is positioned for success as we head into the Fed's first interest rate cut. He argues that Costco's bulk pricing has been a weapon for consumers battling inflation, and now the company is prepared to breakout to $1,000 a share before year-end. His thesis resonates with me.
2. Darden Restaurants (DRI)
Darden Restaurants, the parent company of Olive Garden, LongHorn Steakhouse, and other popular restaurant chains, is another great pick for a potentially weak Jobs Report.
Now, I know what you're thinking: “Restaurants? In a recession?” Well, hear me out! Darden operates in the casual dining space, which tends to be more resilient than fine dining. People still need to eat, and they're looking for affordable options that offer a good value.
Again, Chris Johnson of Money Morning sees this opportunity as well. In the same article, he points to Darden's recent turnaround, and the clear signal that the stock is about to breakout. With a newly bullish trend and a 3.32% dividend yield, he sees the stock hitting a price target of $175.
3. Ford Motor Company (F)
Ford might seem like a surprising pick for this list, but I'm getting bullish on the auto giant. They've been investing heavily in electric vehicles and autonomous driving technology, and they're poised to be a major player in the future of transportation.
Many investors are fleeing legacy automakers like Ford, viewing the industry as on the decline. They see competition from foreign manufacturers like Toyota as too much to handle. But my pal Shah Gilani doesn't see it that way. In his article, Ford vs. GM: Which Is a Buy?, he argues that legacy automakers are experiencing a resurgence despite all the noise about the industry dying. I agree.
Shah believes in Ford's ability to rally and bounce back after its recent dip, which he attributes to the recent volatility in the Japanese Yen. Because of that, he thinks Ford is trading at a discount. With a potential 30%-40% upside and a dividend yield over 5%, Ford is just too cheap to ignore!
Call to Action
These three stocks are on my radar as potential buys this week, especially if the Jobs Report sends the market tumbling. Keep a close eye on them, and don't be afraid to act decisively when everyone else is panicking.
Join me tomorrow, when I'll be revealing three stocks that could surge as the Fed drops interest rates. I'll break down why the coming rate cut is a major catalyst for these stocks, and explain how to position your portfolio for the gains.
This is an opportunity you don't want to miss!
