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2 Stocks to Trade Ahead of Tuesday’s Retail Sales Report

by | Aug 17, 2021

Stocks fell ahead of Tuesday’s big retail sales report. And as I keep reminding my viewers, retail sales are important because consumers account for two-thirds of our gross domestic product. I’m also seeing fragmentation in tech and consumer discretionary stocks, which means the market needs to cool off. That’s why I’ve identified my top 2 stocks right now to help you navigate this touchy market — and more in Tuesday’s stock market recap.

But first…

Stock Market Recap

In Tuesday’s stock market recap, global stocks are mostly lower today as investors looked ahead to an update from Federal Reserve Chair Jerome Powell on the health of our global economy. 

Retail sales fell 1.1% in July, which is much worse than the expected drop of 0.3%. 

So in light of today’s retail sales report and factory data, traders will want to keep an eye on the bond market. That’s because it’s going to react to these numbers more than anything else. 

The bond market was trading higher when I filmed this video, and looked like it’s trying to surpass its 200-day moving average again. 

But I’ll tell you something, folks… 

Interest rates are going higher whether we like it or not! 

The truth of the matter is that institutional investors are trying to trick retail traders into going long. The bond market is bearish and I anticipate things turning south because the long-term trend is still relatively down, and interest rates are set to go up. 

Roger’s Radar: 2 Stocks in My Toolbox Right Now 

The first stock on my radar is T Rowe Price Group Inc. (NASDAQ: TROW). It’s a financial company that offers funds, advisory services, account management and retirement plans to individuals and institutions. I like the Financials sector a lot right now, and TROW is the type of stock people will want to invest in this fall. 

The second stock on my list is in the Industrials sector. It’s an American company that designs, manufactures and markets a range of turf, snow and irrigation equipment. And the best part is it’s one-year return is about 54%! 

In Tuesday’s video, I’ll show you the biggest threat to the market right now… whether the Nasdaq 100 is overbought… the top Nasdaq 100 stocks… the top S&P 500 stocks… if interest rates are set to climb or drop… and the top 2 stocks in my toolbox right now. 

P.S. There’s finally a way to tell exactly when a stock might explode…

That means we no longer need to spend hours upon hours staring at charts and researching stocks. 

All we have to do is wait for a stock to cross this simple line… place a quick trade… then come back and cash out! 

I call this “the Sniper Line…”

And knowing which stock is about to cross it could put everyday traders in front of Wall Street’s biggest explosions. 

We were able to make 94.1% on WWW just this past week… and markets weren’t moving much!

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Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.

WRITTEN BY<br>Roger Scott

Roger Scott

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