Create stable, long-term investment portfolio with strong, consistent stocks.
Start Research-backed Investing ...Now.
Worth Seeing!
Invest in Cases Systematically - Every stock is handpicked
Start Buying Now
Start Buying Now
The US markets ended higher on Monday, magnifying their previous session’s gains. Relatively dovish comments from Federal Reserve Chair Jerome Powell combined with weaker-than-expected job growth in April have largely eliminated short-lived concerns the Fed might actually consider raising rates. Private report said investors have instead grown increasingly confident about a rate cut in the coming months, with the chances rates will be lower by September now at 83.5 percent. On the sectoral front, semiconductor stocks showed a substantial move to the upside over the course of the session, driving the Philadelphia Semiconductor Index up by 2.2 percent to its best closing level in almost a month. Considerable strength was also visible among gold stocks, as reflected by the 2.2 percent surge by the NYSE Arca Gold Bugs Index.
The rally by gold stocks came amid an increase by the price of the precious metal, with gold for June delivery climbing $24.20 to $2,332.80 an ounce. Computer hardware stocks also saw significant strength on the day, resulting in a 2.2 percent jump by the NYSE Arca Computer Hardware Index. Software, brokerage and housing stocks also showed notable moves to the upside, moving higher along with most of the other major sectors. Among individual stocks, Media and entertainment giant Paramount Global (PARA) also surged after a private report said the company decided to formally open negotiations with a bidding group led by Sony Pictures Entertainment and the private equity giant Apollo. However, Spirit Airlines (SAVE) plummeted after the discount carrier reported a slightly wider than expected first quarter loss and provided disappointing second quarter revenue guidance.
Dow Jones Industrial Average surged 176.59 points or 0.46 percent to 38,852.27, Nasdaq jumped 192.92 points or 1.19 percent to 16,349.25 and S&P 500 was up by 52.95 points or 1.03 percent to 5,180.74.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
