Top Stock Picks for August 2024: Keith Richards’ Expert Insights

Keith Richards Identifies Top Stock Picks for August 2024 Amid Market Volatility and Long-Term Growth Prospects

Editorial Team (ET)July 6, 2025

Keith Richards, the president and chief portfolio manager at ValueTrend Wealth Management, is renowned for his sharp technical analysis and strategic investment decisions. As the market braces for the typical volatility that often accompanies the late summer months, Richards offers a confident outlook, identifying key opportunities for investors. His top picks for August 26, 2024, include Ford Motor (F NYSE), BMO EW Glbl Base Metals ETF (ZMT TSX), and VanEck Oil Services ETF (OIH NYSEARCA). These selections are grounded in Richards' deep understanding of market cycles and his forward-looking strategy.

Market Outlook

The stock market is notorious for its seasonal fluctuations, particularly as we approach September. This period is often marked by heightened volatility, and 2024 is no exception. However, despite the near-term concerns, Richards remains optimistic about a strong market recovery post-September.

Seasonality plays a significant role in market behavior. Historically, the months leading up to October tend to be bearish, but this trend reverses as the year progresses. Richards acknowledges the potential for short-term dips but sees these as opportunities rather than threats. The early August selloff, for example, may have been a brief correction rather than a sign of sustained downturns.

One factor that could inject additional momentum into the market is the U.S. presidential election cycle. As the November election nears, markets often experience a boost, driven by political and economic shifts. Richards believes that this cycle could catalyze a robust rally in October, providing investors with significant upside potential.

Richards also highlights the broader bull/bear cycle that governs the SPX and NASDAQ indices. According to his analysis, we are still in the midst of a long-term bull market, with one to two years of upward momentum remaining. This outlook reinforces his confidence in a sustained market recovery, even in the face of short-term volatility.

For savvy investors, market corrections are golden opportunities. Richards has strategically added to his positions during recent pullbacks, capitalizing on temporary dips. He advises maintaining some cash on hand to take advantage of these corrections, as they often precede significant market rebounds.

Keith Richards' Top Picks

Ford Motor (F NYSE)

Ford Motor, an iconic American automaker, has been making aggressive strides in the electric vehicle (EV) market. With a strong focus on innovation and sustainability, Ford is positioning itself as a leader in the next generation of automotive technology.

Richards is particularly bullish on Ford’s aggressive platform. The company’s investment in EVs and advanced technologies is expected to drive long-term growth. While Ford is currently featured in his aggressive platform, Richards is considering adding it to the “regular” platform soon, indicating his confidence in the stock’s potential.

Investing in Ford comes with its share of risks, particularly in a highly competitive industry. However, the rewards could be substantial if the company continues to execute its EV strategy effectively. Investors should be prepared for some volatility but can expect strong returns in the long run.

BMO EW Glbl Base Metals ETF (ZMT TSX)

Base metals have always been a cornerstone of industrial growth, and the BMO EW Glbl Base Metals ETF provides exposure to this essential sector. Richards has a long-term cyclical view on base metals, anticipating that demand will remain robust as global infrastructure projects continue to expand.

The recent pullback in the base metals market has presented a prime entry point for investors. Richards believes that this dip is temporary and that the ETF is poised for a rebound. For those with a longer-term investment horizon, this ETF offers a solid opportunity to capitalize on future growth in the sector.

Richards’ strategy with the BMO EW Glbl Base Metals ETF is rooted in patience and foresight. By holding this ETF through the cyclical ups and downs, investors can potentially benefit from the sector’s overall upward trajectory. The key is to remain disciplined and not be swayed by short-term market movements.

VanEck Oil Services ETF (OIH NYSEARCA)

The VanEck Oil Services ETF focuses on the oil services sector, which has been somewhat overlooked compared to oil producers. Richards notes that the ETF is currently at the bottom of its trading range, suggesting that it could be an excellent value proposition for investors looking for exposure to this segment.

While oil producers have garnered more attention, the oil services sector offers unique advantages. These companies provide the essential infrastructure and services that support oil extraction and production, making them critical players in the energy market. Richards sees potential in the sector’s relative undervaluation and believes it could offer strong returns if the market recognizes its true value.

One of the most exciting aspects of the VanEck Oil Services ETF is its potential for a breakout. If the sector’s long consolidation phase ends, the ETF could experience significant gains. Richards is positioning himself to benefit from this potential upside, advising investors to consider the ETF as a key component of their portfolios.

Market Strategies and Considerations

Investing is always a balancing act between risk and reward. Richards emphasizes the importance of understanding the inherent risks in each investment while also recognizing the potential for substantial returns. His picks reflect a calculated approach that balances growth opportunities with market realities.

Cash is often underestimated in its role within an investment strategy. Richards advocates for holding a portion of assets in cash, especially during periods of market uncertainty. This approach allows investors to take advantage of buying opportunities during corrections without having to sell other assets at a loss.

One of the age-old debates in investing is whether to time the market or simply remain invested. Richards leans towards the latter, advising that staying invested in quality assets usually pays off over the long term. However, he does not discount the value of strategic timing, particularly in taking advantage of market corrections.

As market conditions change, so too should an investor’s portfolio. Richards recommends periodic rebalancing to ensure that your investments align with your financial goals and the current market environment. This strategy helps mitigate risk and keeps your portfolio on track for long-term growth.

Conclusion

Keith Richards’ top picks for August 26, 2024, reflect his deep understanding of market dynamics and his commitment to long-term investment strategies. Ford Motor, BMO EW Glbl Base Metals ETF, and VanEck Oil Services ETF each offer unique opportunities for growth, despite the current market volatility. By maintaining a disciplined approach and staying informed about market trends, investors can navigate the complexities of the market and achieve their financial goals.

Bloomberg

Disclaimer

This report should not be viewed as investment advice or as an offer to buy or sell any securities or as an invitation or solicitation of an offer to buy or sell any securities. Neither the author of this report, its publisher, nor any other person associated with the publication of this report, are registered brokers, investment dealers, investment advisers, or financial advisers. The information in this report has not been tailored to the particular needs or circumstances of readers and should not be relied upon as investment advice or recommendations to purchase or sell any of the securities presented in this report. Readers seeking investment advice should contact qualified and registered brokers, investment dealers, investment advisers, or financial advisers prior to making any decision to buy or sell any of the securities referred to in this report. The information in this report should not be construed as investment, legal, or tax advice. No recommendation is made as to whether an investment in the presented securities is suitable for any reader in light of the reader’s particular circumstances.

Readers are cautioned that the publisher of this report covers exclusively securities that carry a high degree of volatility. Investing in such securities is highly speculative and carries a high degree of risk. Investors in such securities could lose all or a substantial portion of their investment. Only those investors who can afford to lose all or a substantial portion of their investment should consider investing in the securities referred to in this report.

This report may include information obtained from publicly available sources, including third-party reports or analysis. Neither the author nor publisher of this report, nor www.juniorstocks.com or its owners, have undertaken any independent investigation into the factual information used in this report, and the information in this report is provided without any warranty of any kind. No representations or warranties are provided regarding the accuracy or completeness of the information provided in this report. Statements of opinion or belief are those of the authors and/or publisher of this report. These statements of opinion or belief are expressions of the author’s and/or publisher’s judgment, and there is no guarantee that those judgments will turn out to be correct. No inference should be drawn that the author and/or publisher have any special or greater knowledge about the presented companies or their securities, or any particular expertise in the industries or markets in which the company operates. Readers should conduct their own due diligence and seek professional advice prior to investing in any securities presented on Juniorstocks.com.

Certain statements in this report constitute “forward-looking” statements. Forward-looking statements often, but not always, are identified by the use of words such as “seek,” “anticipate,” “believe,” “plan,” “estimate,” “expect,” “targeting,” and “intend” and statements that an event or result “may,” “will,” “should,” “could,” or “might” occur or be achieved and other similar expressions. Forward-looking statements express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance; they are not statements of historical facts and should not be viewed as any guarantee of any future result. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. The author and/or publisher of this report disclaims any obligation to update the forward-looking statements in this report, whether as a result of new information, future events, or results or otherwise. There is no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The information provided in this report is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to applicable law or regulation, or would subject the author or publisher of this report to any registration requirement in such jurisdiction or country.

Information about the editor of this publication:
Juniorstocks.com is a service provided by Piccadilly Capital Group, Office 66, 101 Clapham High Street, London, SW4 7TB, UK. Piccadilly Capital Group is not the publisher of this report and was not paid for the publication of this report. Piccadilly Capital Group seeks to generate web traffic and a growing number of followers through the publication of articles or reports. Directors, officers, and other insiders of the publisher own an interest in Piccadilly Capital Group. Piccadilly Capital Group does not endorse or recommend the business, products, services, or securities of any company mentioned on www.juniorstocks.com. Piccadilly Capital Group will not share your information with any outside third parties. Due to the new data protection basic regulation, we ask you to read our data protection declaration carefully.

Note on copyright:
The contents published on this website and on connected media (e.g., e-mail, X, Facebook) are subject to applicable copyright and ancillary copyright laws. Any use not permitted by applicable copyright and ancillary copyright laws requires the prior written consent of the provider or the respective rights holder. In particular, this applies to the duplication, editing, translation, storage, processing, or reproduction of content in databases or other electronic media and systems. Contents and rights of third parties are marked as such. Unauthorized reproduction or transmission of individual contents or complete pages is not permitted and is punishable by law. Only the production of copies and downloads for personal, private, and non-commercial use is permitted. Links to the provider's website are always welcome and do not require the consent of the provider of the website. Photos and images on the website may not be shared unless the publisher itself has acquired the initial rights from authorized sources. The presentation of this website in external frames is only allowed with written permission. If you notice any violations, please inform us. Please note: The content of our articles, emails, or other publications or social networks such as X, LinkedIn or Facebook is exclusively intended for the designated addressee(s). If you are not the addressee of these articles, emails, or other publications in the market letter or social networks such as Twitter or Facebook or his or her legal representative, please note that any form of publication, reproduction, or distribution of the content of these articles, emails, or other publications in the market letter or social networks such as X, LinkedIn or Facebook is prohibited. Falsifications of the original content of this message during data transmission cannot be excluded in principle.