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tl;dr
- Apple is launching new products, and investors interested in innovative companies should keep an eye on changes in technology
- Doshi Anand stocks look attractive, cannabis stocks rally
- Top Weekly and Monthly Trades
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Major events that can affect your portfolio
As usual lately, the tech sector is getting investors excited. This week, it’s full of new products and ever-evolving AI.
Investors are waiting to see what Apple will reveal at its highly anticipated Wanderlust event on September 12. Launch event invites were circulated on social media this week teasing the new products.
We know for a fact that the new iPhone 15 and Apple Watch Series 9 are launching at the event. Wall Street often seems to react well to Apple announcements, and this week’s share price reflected that. Only time will tell how the market reacts after this event.
Other tech companies are also making headlines this week for innovating with artificial intelligence. Take General Motors, for example, which is teaming up with Google to use AI chatbots for its in-car virtual assistant service. Alibaba also recently announced two updated AI models, Quen-VL and Quen-VL-Chat, bringing China into the AI race.
This week’s top topics from Q.ai
Choose your vice. Companies that fall into the guilty pleasure categories – i.e. alcohol, cannabis and more – are in the news this week.
While whiskey maker Brown-Forman, which makes whiskeys such as Jack Daniels, Woodford Reserve and Gentleman Jack, had a poor quarter, it did see some sales growth. The company reported earnings of 48 cents per share, below analysts’ estimates of 53 cents, while net sales of its whiskey products decreased 1% and total net sales declined 8%. However, sales of pre-mixed cans and tequilas were up, which suggests people may be replacing their bar carts.
Meanwhile, cannabis sales have also increased this week. The rally in the market comes after the US Department of Health and Human Services made an impressive recommendation in a letter to the Drug Enforcement Administration. The department suggests that marijuana be reclassified as a Schedule III drug instead of its current status of a Schedule I drug (along with drugs like heroin and LSD) under the Controlled Substances Act.
Most of the country has already legalized marijuana for recreational use, but the reclassification of the drug could create ripples in the markets. We’re already seeing cannabis stocks in the green this week, such as the MJ PurePlay 100 Index, which tracks stocks in the sector, cannabis cultivation and production company Goodness Growth Holdings and Columbia Care Inc., a manufacturer and medical and providers use adult cannabis.
Investors interested in reaching these highs (and moving to the lows of alcohol) should consider diversifying their investments among the top U.S. companies in alcohol and cannabis.
top business ideas
Here are some of the best ideas our AI system is recommending for the next week and month.
Autozone Inc. (Azo) – US retailer of aftermarket automotive parts and accessories top purchases for next week They are rated A in our Technical, Momentum Volatility and Quality Value factors along with our AI. It saw an overall revenue growth of 8.2% over the past 12 months.
Virgin Galactic Holdings, Inc. (SPCE) – Spaceflight company is ours top short for next week It is rated F by our AI in our Technical & Quality Value Factors.
Brookdale Senior Living, Inc. (BKD) Company that owns and operates retirement homes across the United States top purchases for next month With an A rating in the technical and development factors of our AI. The company saw a 7.9% increase in total revenue over the previous year.
Freshpet Inc. (FRPT) – American Pet Food Company A top short for next month They are rated F in our Quality Value Factor by our AI.
our ai Top ETF Trades for the Next Month Investing in tech and robotics and investing in small US small to mid-cap companies and the largest US equities. We own the ARK Autonomous Technology & Robotics ETF (ARKQ), the SPDR S&P Internet ETF (XWEB), and the Vanguard Information Technology Index Fund ETF (VGT) top buy, top shorts There are the Invesco FTSE RAFI US 1500 Small Mid ETF (PRFZ) and the Invesco FTSE RAFI US 1000 ETF (PRF).
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