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| By Jordan Chussler |
Remember throwing birthday parties for your children? They were replete with balloons, themed plates, cups and napkins and decorations galore.
And one company — Party City (PRTY) — used to be America’s go-to solution for all things festive.
Unfortunately, the party is over. In the past year, the helium’s been taken out of the company’s stock, which has seen a disastrous 93% plunge in share price.
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This week, Party City filed for Chapter 11 bankruptcy protection in an attempt to restructure its astounding $1.67 billion debt. Much of that debt is attributable to an inability to recover from the pandemic-induced pain experienced by manifold brick-and-mortar companies.
However, they aren’t alone. In 2022, the S&P 500’s consumer discretionary sector was the second-worst-performing of all 11 sectors, totaling a loss of 36.23%.
To understand why that’s happened — and which sectors investors should turn to instead — here are this week’s top stories from our Weiss Ratings team of editors and analysts.
As Housing Prices & Mortgage Rates Fall, This Company Will Benefit
As inflation, rents, mortgage rates and housing costs all trend downward, Senior Editor Tony Sagami identifies a real estate investment trust with a market-beating dividend that’s poised to profit.
After VC Winter, a Startup Investing Boom
When the economy slumps, venture capital and private-equity firms stop cutting checks to startups that likely won’t make it. Instead, they look for surefire opportunities at a discount. Startup Investing Specialist Chris Graebe discusses how to identify those opportunities.
VIDEO: Market Minute with Kenny Polcari
Financial News Anchor Kenny Polcari reports on this week’s macroeconomic data, and what the much lower-than-expected Producer Price Index reading means for the Federal Reserve’s interest-rate hikes.
Grab This Semiconductor Winner for Potential Gains
Shares of semiconductor companies have led the markets higher since their October lows. According to Pulitzer Prize winner Jon D. Markman, the best is yet to come, and this company could be the leader of the pack.
How to Take Advantage of Value Stocks
Wall Street keeps pushing formerly high-flying tech stocks as bargains now that they’ve sold off, but Senior Analyst Sean Brodrick says the losing streak of six consecutive quarters is likely to continue. Instead, he points to value stocks and one ETF to help investors shore up their portfolios.
Grab This Generational Buying Opportunity
Stocks took a beating in 2022, with some prices dropping to unprecedented levels. Many of those losses have created not just great buying opportunities, but generational buying opportunities. Analyst Kenny Polcari explains.
Until next time,
Jordan Chussler
Managing Editor
Weiss Ratings Daily
