Safe Stock Sectors in 2022

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Safe Stock Sectors in 2022

There are several sectors that are safe for investors right now, says Kaden Nay, the YouTuber behind the personal finance and investing channel Modern Money, in a new episode of the Early Bird podcast.

Consumer Discretionary: Nay likes consumer discretionary stocks the most because he says that their earnings per share are good and there is strong demand.

Industrials: Supply chain challenges will start to improve, which is good for industrial stocks, according to Nay.

Communication Services: Stocks in communication services are good, according to Nay, because more businesses are adopting these tools to increase productivity.

Final Thoughts: What research should average investors do before picking stocks? Nay explains in a new episode of the Early Bird podcast.

Notables

Notable Earnings Today: Infosys (NYSE: INFY), NXPI Semiconductor (Nasdq: NXPI), Koninklijke Philips (NYSE: PHG), Whirlpool (NYSE: WHR), Newmont (NYSE: NEM), Range Resources (NYSE: RRC), Squarespace (NYSE: SQSP), Cadence Design Systems (Nasdaq: CDNS), Dorman Products (Nasdaq: DORM), AGNC Investment (Nasdaq: AGNC), RPM (), Logitech International (Nasdaq: LOGI), Bank of Hawaii (NYSE: BOH), Packaging Corp. of America (NYSE: PKG), Community Bank System (NYSE; CBU), Covenant Logistics Group (Nasdaq: CVLG), Dynex Capital (NYSE: DX), Brown & Brown (NYSE: BRO), Bank of Marin Bancorp (Nasdaq: BMRC), Crane Holdings (NYSE: CR), Encore Wire (Nasdaq: WIRE), F5 (Nasdaq: FFIV), PetMed Express (Nasdaq: PETS), PotlatchDeltic (Nasdaq: PCH), Ryanair Holdings (Nasdaq: RYAAY), SmartFinancial (Nasdaq: SMBK), Southern Copper (NYSE: SCCO), Sun Communities (NYSE: SUI).

Notable IPOs Today: N/A.

Notable Equity Crowdfunding Campaigns Ending Today: Mirisata (SMBX), Calyxeum (MainVest), MyDentalWig (PicMii).

Notable Economic Events Today: N/A.

Cardano’s Recent Rally

The price of the cryptocurrency Cardano jumped about 9% in the past week.

Numbers: Cardano’s price increased from $0.46 to $0.52 this week before settling down to $0.49 on Sunday.

Catalyst: The recent rally seems to be attributed to the Vasil hard fork, which will hopefully bring new improvements to Cardano’s blockchain.

Final Thoughts: The launch date for the Vasil hard fork has not been announced yet, but some traders anticipate that it will happen soon.

Equity Crowdfunding Spotlight: FlexTal

Briefly describe your business. FlexTal is a deep job matching platform aimed at disrupting a $480B+ market. Using advanced technology, we enable companies to quickly hire high-quality, hand-matched talent for their permanent, contract, and freelance staffing needs.

What are the terms of the investment for your campaign? We are raising a minimum of $500k on a $6M CAP SAFE with a 20% discount. Likely to oversubscribe. See SeedInvest for more information.

What makes your startup special? Why will it succeed? Using a complex matching algorithm we progressively profile hiring managers, companies, and talent and process thousands of data points to drive a 98% success rate. Given the market, the solution is not another resume and virtual job board.

Trends to Watch

Uncertain: Accounting Rules Make the Outcome of Tesla’s Bitcoin Sale Unclear (CoinDesk)

New Boss: New Volkswagen Chief Has History Backing Synthetic Fuels (The Wall Street Journal)

Taco Time: Trejo’s Tacos Looks to Cross the Atlantic and Open in UK, Raises Money on Seedrs (Crowdfund Insider)

Sudden Departure: VW Billionaire Clan Plotted CEO Ouster as He Was on US Trip (Bloomberg)

Shocking: Elon Musk reportedly dropped to his knees and begged for forgiveness after his affair with Google co-founder Sergey Brin's wife (Insider)

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