The stock market can be unpredictable, with prices climbing one day and dropping the next. So, where should you put your hard-earned money? Today, I’ll share a quick recap of the stocks that have been rising and falling this past month to show you where to invest.
Stocks on the Rise:
Two stocks on the rise this August are Newmont Corporation (NEM) and Exxon Mobil (XOM). Newmont Corporation is the world’s largest gold mining company based in Colorado, owning 17 mines across 4 continents. Newmont shares are up 14.47% this past month, showing that gold does well amidst international tension. Another stock that rose this month is Exxon Mobil, a multinational gas and oil company. Their stock rose 4.82% and is expected to continue to rise due to the deregulation of mining brought in by the Trump administration. These stocks are smart investments because they will likely rise through the end of the year.
Stocks that Fell:
Two stocks that fell in August are Trade Desk Inc. (TTD) and Super Micro Computer (SMCI). Trade Desk Inc. is an advertising platform from California that fell 42.16% during August, which was unexpected. Some think it’s because stricter privacy regulations will hurt the company’s ability to use targeted advertising, its main stream of business. This also implies that other companies that rely on targeted advertising might see their stock dip in the upcoming months. In addition to Trade Desk falling, Super Micro Computer, an American information technology company, stock fell by 29.6% last month, mainly due to slowing revenue growth and unrealistic guidance (expected future finances). Their net income dropped from $297 million a year ago to $195 million in the fourth quarter. Another reason the stock fell is that SMCI said that they would hit $33 billion in sales this year, which is a big jump from $22 billion in sales they did during the last fiscal year. Wall Street was skeptical of this claim, part of the reason the stock dropped after the report was released. Keep an eye on this space for future stock information, and invest at your own risk.
