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My 3 Biggest Stock Market Predictions for August

TheMotleyFool

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My 3 Biggest Stock Market Predictions for August: https://g.foolcdn.com/editorial/images/742117/festive-fall-decor-arrives-in-magic-kingdom-park-at-walt-disney-world-2.jpeg

There's never a wrong time to make some market predictions, especially this summer, when the stakes are so high. There will be winners. There will be losers. Choose well, and you can make some money in August.

I think Walt Disney (NYSE: DIS) will bounce back after a flattish start to 2023. I also believe that Celsius Holdings (NASDAQ: CELH) will beat the market, just as the S&P 500 (SNPINDEX: ^GSPC) finally takes a breather this month.

Media stocks have been market laggards lately, even as most sectors have been rallying in recent months. Shares of Disney have fallen 25% since hitting a near-term peak in February, and it has moved lower for four consecutive weeks. This is lousy momentum heading into August.

Source Fool.com

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