This group of stocks is flagging a rebound, and that's good news for the S&P 500, says technical analyst

Stock futures are higher while oil on the backfoot as markets keep one eye on hawkish Fed talk and another on the brutal battle for Ukraine.

Some of that positivity may come from the fact investors look ready to choose higher rates over higher inflation, with the former seen as less toxic for companies in the longer run, said Ipek Ozkardeskaya, senior analyst at Swissquote. It’s not just biotech. “There are more and more pharmaceutical charts breaking out to new highs in a tape that saw plenty of bear market moves from individual names,” said O’Hara, as he flagged bullish charts from Bristol Myers Squibb BMY , Corcept Therapeutics CORT , Harmony Biosciences HRMY , Innoviva INVA , Johnson & Johnson JNJ , Eli Lilly LLY , and Pacira BioSciences PCRX .

As for that 6% S&P 500 rally last week, O’Hara said the most positive takeaway was a close above the key 4,400 level. Accounts, yachts, private jets, properties in London, Italy and France worth more than $17 billion have been connected to Russian officials with close ties to President Vladimir Putin, plus dozens of oligarchs.

Clear water, bright sun, clean air Life is beautiful with these Retoken, 💓

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

500+ Academics Call for End to Climate Research Funded by Fossil Fuel Industry'Our universities must be climate leaders, not climate laggards,' said climate scientist Peter Kalmus ClimateHuman ClimateHuman Find out more at FosFreeResearch
Source: commondreams - 🏆 530. / 51 Read more »

The best-performing sector of the S&P 500 is still the cheapest, while technology stocks look overvaluedInvestors looking for a bargain still appear to have one in the energy sector. A combination of low capital spending among U.S. oil and gas producers combined with rising demand and the global supply disruption all bode well for price support & cash flow. Clear water, bright sun, clean air Life is beautiful with these Retoken, 💓 BscRetoken
Source: MarketWatch - 🏆 3. / 97 Read more »

Top Wall Street analysts say these are the five best stocks for the long termTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Caterpillar and Oracle
Source: CNBC - 🏆 12. / 72 Read more »