These stocks have momentum on their side even if market stumbles

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 72%

Investment Strategy Noticias

Stock Markets,S&P 500 Index,Robinhood Markets Inc

Stocks with solid momentum, bullish sentiment and robust buyback programs can help investors hedge any seasonal volatility this fall, according to Evercore ISI.

A handful of stocks that are aided by momentum, bullish sentiment and robust buyback activity could help investors navigate the rest of September and any storms that blow in October. September has traditionally been the worst month of the year for the S & P 500 going back to 1950, according to data from the Stock Trader's Almanac. The broad market index has averaged a 0.7% loss every September. The three major averages kicked off September on a downbeat.

As catalysts, the bank cited improving visibility into medium-term revenue growth, a supportive valuation and potential opportunities in gaming and e-commerce. While Wall Street is overwhelmingly bullish on the name, consensus price targets are calling for downside of about 15% from current levels, according to LSEG. Still, one firm, BTIG has a $150 price target on AppLovin, the highest among analysts polled by FactSet.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in CO
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Blackwell concerns 'overdone', buy Nvidia stock into earnings: EvercoreBlackwell concerns 'overdone', buy Nvidia stock into earnings: Evercore
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Buy this chip stock into the upcoming earnings report: EvercoreBuy this chip stock into the upcoming earnings report: Evercore
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Asian stocks mixed after Wall Street extends losses as technology and energy stocks fallAsian markets are mixed following Wednesday’s global sell-off, as Wall Street declined in the technology, energy and other sectors. U.S. futures fell, while oil prices were higher. The S&P 500 fell 0.2% Wednesday, following a 2.1% drop a day earlier. The Nasdaq composite dropped 0.3%. The Dow managed a gain of 38 points, or 0.1%.
Fuente: AP - 🏆 728. / 51 Leer más »