News Formal

This week's most overbought stocks include several real estate names and a regional bank

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 49%
  • Publisher: 72%

Corning Inc Nachrichten

Boston Properties Inc,Alexandria Real Estate Equities REIT,American Tower Corp

A better-than-expected consumer inflation report led investors to buy rate-sensitive stocks such as REITs and industrials.

Investors started to broaden their holdings beyond Big Tech stocks into overlooked parts of the market this week — but some of these names may soon be due for a pullback, according to a popular market metric. A better-than-expected consumer price index report for June raised hopes that the Federal Reserve might soon turn to cutting its benchmark interest rate.

The majority of analysts covering PNC rate it a buy or strong buy. But the bank is already trading within 1% of the consensus price target, implying little scope for upside. PNC YTD mountain PNC in 2024 Several real estate investment trusts, or REITs, are also at risk of a slide following this week's rally. American Tower , Alexandria Real Estate Equities and BXP are this week's three most overbought stocks. Shares of American Tower and Alexandria Real Estate Equities gained 5.9% and 6.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Citi names one 'compelling emerging' theme to play real estate — and stocks and REITs to buyReal estate companies around the world are eyeing one area right now, in light of 'higher potential returns,' Citi says.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Stock Trader Answers Stock Market Questions From TwitterFormer Wall Street stock trader Lance Breitstein answers your most asked stock market questions from Twitter.
Herkunft: WIRED - 🏆 555. / 51 Weiterlesen »