Broadcom, as the third largest component in the VanEck Semiconductor ETF (SMH), has been a standout performer in the tech industry. With an impressive 38% increase in shares in 2024, the stock is up 16% over the past three months. However, despite these gains, Broadcom’s shares are still 17% below the June high. The SMH, in which Broadcom plays a significant role, is down 12% in three months and currently sitting 20% below its July high.
Ford and General Motors have shown resilience in the auto sector, with Ford experiencing a 13% increase in shares over the past month. However, the stock is 26% below its July 18th high. On the other hand, General Motors shares have surged by 21% in the last month, but are still 4% away from their July high. CNBC TV’s Phil LeBeau will closely monitor Ford’s August sales for further insights into the company’s performance.
Retail giants like Costco and Walmart have had a strong year so far, with Costco’s shares up by 35% in 2024. The retailer is expected to report its August sales soon, with high expectations from investors. Walmart leads the pack with a remarkable 47% gain this year. Jim Cramer, a prominent financial analyst, has expressed confidence in Costco, making it a top pick for his charitable trust and experiencing a 205% increase in shares since June 2020.
While certain sectors like retail and tech are performing well, there are concerns in the investment market. Commercial mortgage-backed securities are facing challenges, according to experts like John Devaney, CEO of United Capital Markets. Despite this, the Nuveen asset class has seen a 2.5% increase in 2024 with a yield of 6.1%. For investors seeking stability, the Invesco S&P 500 Low Volatility ETF (SPLV) hit an all-time high recently, with diversified holdings including Berkshire Hathaway and Visa among others. The ETF has a dividend yield of 2%, providing a relatively safe investment option.
Overall, the investment landscape is diverse and dynamic, with opportunities and risks present across different sectors. It is crucial for investors to stay informed and analyze market trends carefully to make well-informed decisions. By keeping a close watch on companies like Broadcom, Ford, General Motors, Costco, and Walmart, investors can navigate the complexities of the stock market and capitalize on potential growth opportunities.