Top 5 Stocks to Watch in September: Retail Bargain Bonanza, EVs Taking Charge and Tech Giants Make Hay

FXOpen

September is here, and as the markets enter a new month, we take a closer look at five stocks that could be of significant interest to investors.

1) Dollar General

Dollar General, the retail giant known for providing affordable options to American families, has seen its stock price remain relatively steady until recently. However, it experienced a sudden dip, reaching its lowest point in over three years at the beginning of September. While the U.S. economy appears robust, concerns about potential shifts in consumer spending habits may be causing this volatility. Investors see an established company trading at a low valuation, offering potential opportunities.

2) Pfizer

Pfizer, the pharmaceutical powerhouse that gained prominence in 2020 due to the pandemic, witnessed a share price surge at the end of August, coinciding with renewed discussions about COVID-19 measures. However, the stock price has started to taper off, possibly reflecting reduced public attention to pandemic-related news. The future performance of Pfizer's stock may depend on the resurgence of COVID-related developments in the news.

3) Rivian Automotive

Rivian, the electric pickup truck manufacturer that emerged from relative obscurity in 2021, experienced a notable surge in August. Whether the return to work after the summer break will boost interest in electric trucks remains to be seen. Competition from established manufacturers like Ford and General Motors, along with the abundance of Tesla vehicles, could pose challenges.

4) Cisco Systems

Cisco, renowned for its networking hardware, has been performing impressively. On September 1, the company's stock hit a one-year high, indicating that traditional tech and hardware manufacturers still hold significant value. Cisco's resilience in the face of cloud computing trends demonstrates its strength in the tech industry.

5) Salesforce Inc.

Salesforce, a leading provider of CRM systems for corporations, has shown steady performance. As September begins, its stock has slightly tapered off. The company's long-term corporate clients and stable position in the CRM sector make it an intriguing watch. Salesforce's upstart competitors may attempt to challenge the benchmark, but unseating this industry leader is no easy feat.

Conclusion

September 2023 unveils a diverse landscape of stock performance amidst global economic shifts.

As the summer break comes to an end, the industries providing large corporations with infrastructure, such as Cisco and Salesforce, are worth watching: Will they keep their high points, or is it a case of market saturation and competition from the new guard?

Will America's working population break a decades-long custom of sticking to the most common sights across the country's roads, Ford and GM pickups, in favour of Rivian's R1T as the company hauls itself out of share price doldrums, and will the news drop the Covid stories or continue trying to get people on side therefore affecting Pfizer stock? These are all the burning questions of this month.

Buy and sell stocks of the world's biggest publicly-listed companies with CFDs on FXOpen’s trading platform. Open your FXOpen account now or learn more about trading share CFDs with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Latest from Shares

Coinbase (COIN) Stock Price Holds at Key Support Level The Share Price of Alibaba (BABA) Has Reached Its Yearly High The Stock Price of PepsiСo (PEP) Is Retracting from Its Yearly High Moderna goes AI and experiences share price rally Rivian Stock Goes High as Q1 Report Anticipation Mounts

Latest articles

Indices

Tech Stocks Back in Vogue as Nasdaq 100 Rallies to Record High

The tech-heavy Nasdaq 100 index (US Tech 100 mini on FXOpen’s TickTrader platform) reached a new all-time high on Monday, closing the trading session at 18,684.2 according to FXOpen pricing, fueled by renewed investor enthusiasm for technology

Commodities

Gold Price Reaches Historic High

According to confirmed information, Iranian President Ebrahim Raisi, considered a potential successor to the country's supreme leader, Ayatollah Ali Khamenei, died in a helicopter crash in a mountainous area near the border with Azerbaijan. The helicopter also carried Foreign Minister

Forex Analysis

Commodity Currencies Retreat from Local Highs

Despite the cooling labour market in the US and declining inflation, the American currency continues to move towards new highs. For instance, the USD/JPY currency pair might update the current month's high at 156.70, the NZD/USD sharply

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.