Forget 'FAANG' growth stocks, one technical analyst touts 'BAANG' stocks for a new, scarier era

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

A group of gold miners stocks 'BAANG' are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.

— are better plays than mega-cap FAANG names as they might have reached their peaks and started losing steam." on Monday. These gold miners are "much like gold. So gold has broken out but it's still down way from its highs in the 1900 thereabouts and we think both gold and those stocks have more room."

Gold is trading above $1,400 for the first time since 2013 and it is up more than 12% year-to-date. The metal's strength is backed by safe-haven buying amid geopolitical uncertainties as well as the Federal Reserve's openness to rate cuts this year. The BAANG stocks are up a whopping 42% since May 10, the analyst said.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Bitcoin 🌍

Targeting capital gains should only be the begininng. CNBC and their tax reporter us paid heavily to keep the tax cuts going for the mega tich. Sickening scumbags

What happened to WANG

It’s actually TANG

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Analysts urge caution as stocks on Shanghai's new Nasdaq-style tech board surgeThe first tranche of companies on China's latest Nasdaq-style tech board started trading on Monday, with all the stocks seeing strong gains on their public debut, though some are cautioning against jumping headlong into the action.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Analysts love these 5 stocks ahead of their earnings reportsCNBC combed through Wall Street research to see which stocks analysts like into earnings season.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Stocks Surge on China’s New Nasdaq-Like MarketChina’s new market for homegrown technology companies opened with a bang, with stocks doubling, tripling or more than quadrupling in value on its first day. They must have low R&D costs with all that stolen technology they use If no IP protection, market of the damned. DOOMED! On arrête pas le progrès. Merci. C'est noté.
출처: WSJ - 🏆 98. / 63 더 많은 것을 읽으십시오 »

Asia stocks fall on likely smaller Fed rate cut, crude climbsAsia stocks fell on Monday as investors scaled back expectations of an aggressiv... Nothing to do with China's banking.😮
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »

Europe stocks gain, oil jumps on Middle East tensionsEnergy stocks booked the largest gains in Europe after crude oil prices jumped at least $1 per barrel, on concern that Iran's seizure of a British tanker last week may lead to disruptions in the Middle East.
출처: trtworld - 🏆 101. / 63 더 많은 것을 읽으십시오 »