Top 5 Stocks to Watch in September: Retail Bargain Bonanza, EVs Taking Charge and Tech Giants Make Hay
<img src="https://fxopen.com/blog/en/content/images/2023/09/Screenshot_2.jpg" alt="Top 5 Stocks to Watch in September: Retail Bargain Bonanza, EVs Taking Charge and Tech Giants Make Hay" /><p>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.</p><h3>1) Dollar General </h3><p><a href="https://ticktrader.fxopen.co.uk/dollar%20general">Dollar General</a>, 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 on August 31, reaching its lowest point in over three years. 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.</p><h3>2) Pfizer</h3><p><a href="https://ticktrader.fxopen.co.uk/pfizer">Pfizer</a>, the pharmaceutical powerhouse that gained prominence in 2020 due to the pandemic, witnessed a share price surge in 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.</p><h3>3) Rivian Automotive </h3><p><a href="https://ticktrader.fxopen.co.uk/rivian%20automotive">Rivian</a>, 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.</p><h3>4) Cisco Systems </h3><p><a href="https://ticktrader.fxopen.co.uk/cisco">Cisco</a>, 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.</p><h3>5) Salesforce Inc. </h3><p><a href="https://ticktrader.fxopen.co.uk/salesforce">Salesforce</a>, a leading provider of CRM systems for corporations, has shown steady performance, consistently trading at one-year highs during August. 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.</p><h3>Conclusion</h3><p>September 2023 unveils a diverse landscape of stock performance amidst global economic shifts.</p><p>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?</p><p>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.</p>
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