Top 3 Tech Stocks to Watch in October 2022 

By: Kate Coppinger

It is no secret that technology plays a large role in our lives every day. We use it to communicate, entertain, and exchange information to make our lives easier. Although volatile, technology stocks have the opportunity for extremely high returns, which is why many people still invest in these risky stocks.

These three stocks below have been outperforming the broader markets so far in 2022:

1) JKHY: Jack Henry & Associates

Key Investment Metrics

Record revenues, operating income, and total sales bookings reached an all-time high this past quarter

17 new large clients and a 7% increase in their stock year-to-date

2) ENPH: Enphase Energy
Key Investment Metrics

Product shipments were up 18% from the previous quarter

The stock has advanced over 56% 

3) ON: ON Semiconductor

Key Investment Metrics

25% year-over-year growth

Earnings per share exceeded expectations by almost 10 cents per share

With technology being a prominent factor in our daily lives, there is a huge opportunity to invest in successfully growing tech organizations that are advantageously staying competitive in the market. When identifying what might be a good tech stock investment for you, analyze the company's financial history and profit production history. These three companies listed above have seen tremendous growth since quarter two of 2022 and are on track to continue to stay relevant and financially profitable in quarter three of 2022 this October. 

US Home Sales & Prices Fall as Mortgage rates rise

By: Riya Porwal 

August was an extremely volatile month for U.S. Home Sales and Prices. While these factors have affected home prices since the beginning of 2022, mortgage rates have been steadily rising and affecting real estate metrics.

The market for housing did notice a decline in sales for 7 consecutive months with the 7th month being August. With the current mortgage rates being 6%, new buyers have decided to "price out of the market" while the "existing homeowners are opting to stay put rather than give up their current low rates." A reason for these high mortgage rates is due to an increase in interest rates by the Federal Reserve. Though the Federal Reserve increased interest rates in order to ease down the inflation and cool down the economy, it still promoted an unease with the housing market by raising the mortgage rates. With all the given circumstances, I believe that maintaining a house budget, both for new and existing buyers, would be challenging.

Currently, my family is in the process of buying a new house, and considering the soaring mortgage rates, we might need to spread out our other housing budget for some time later. It would require a lot of thinking and strategic planning in order to ease our way through the transition process. 

The US Dollar going into October 2022

By: Sanjana Sharma 

The US dollar is currently pushing towards the strongest value level it has been in 40 years. This dollar value doesn't only impact the US economy but in turn, it impacts most economies around the globe.

In order to combat extremely high inflation, the FED has continued to increase interest rates by high amounts (75 basis points almost monthly). To the FED, a strong dollar is much more preferable to high inflation. Increased interest rates cause "disinflation" when imported goods cost less in dollar terms. However, an increased cost of borrowing the US dollar has resulted in the fall of rival currencies such as the Euro, as the US dollar appreciated in value.

This increase in the value of a US dollar is not ideal for developing country currencies that have issued debt in foreign currency. This puts pressure of other countries to implement extreme rate hikes of their own and further increases the possibility of a global economic slowdown.

Overall, even though a strong US dollar may seem harmless to American consumers, it has the potential to be extremely dangerous to international economies and further actions by the Federal Reserve should be taken with caution.