The past three weeks have been among the strangest for the market in recent memory. Earnings reports have been pouring in, and with only a few exceptions, they have been excellent. Some companies, such as Netflix (NFLX) and Amazon.com (AMZN) earned more money in the first quarter than anyone had imagined they might. These earnings blowouts should have been the perfect salve for a nervous stock market; they should necessarily have initiated an across the board upward surge.
But there is no surge. In fact, the S&P 500 has barely budged from where it was a month ago. That’s odd, and on Wednesday, when even blowout earnings from Apple (AAPL) failed to jumpstart the broader market, it became something else. I’m trying to avoid using the word “alarming,” but no other word comes to mind.
If nothing will push the market higher, it’s a very, very powerful indication that powerful forces are trying to push it lower. That could mean reason to sell stocks, and I’ll be offering a few to sell later in the week. For now, knowing as I do that most of my readers are not going to be moving everything into cash, bonds, gold, Bitcoin, or Elvis commemorative plates, I’ll offer a few stocks that promise to retain the greater part of their value in a market crash and, perhaps more importantly, rise again stronger than ever after the crash is over.
Remember to treat these ideas as just that, ideas, and do your own research before making any investment decision.