This week saw renewed uncertainty in the market due to conflicting inflation reports for July. While consumer prices met expectations, producer prices surged significantly. Despite these concerns, investors have been buoyed by strong earnings, tariff progress, and retail sales aligning with forecasts, resulting in upward momentum for stocks.
Optimism is further fueled by anticipations of potential rate cuts in September. However, this sentiment may shift after the Federal Reserve Chair’s upcoming address at the Jackson Hole meeting. Historical trends indicate September could be volatile for stocks, but analysts suggest that there will be opportunities for savvy investors.
Highlighting specific stocks, NuScale Power Corp. (NYSE: SMR) is positioned to launch its small modular reactors by 2027, while Qualcomm Inc. (NASDAQ: QCOM) shows potential for a 50% increase as analysts project a bullish outlook. Additionally, Rocket Lab USA Inc. (NASDAQ: RKLB) has risen over 70% this year, driven by a beneficial acquisition.
