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We're buying more of 2 stocks, deploying some of our cash pile in an oversold market

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We're putting a little more of our big cash position to work Monday into the oversold market.

Following Friday's muted session, the S & P Short Range Oscillator came in at minus 4.72%. As a reminder, anything more negative than minus 4% indicates a market that is oversold. Whenever this technical indicator reaches this level, our discipline is to gradually buy stocks of high-quality companies.

mountain GE Healthcare YTD performance We're picking up more shares of GE Healthcare as we are steadfast in our view that the recent decline in the stock price does not properly reflect the company's improving fundamentals. The company reported a strong quarter in late July, beating expectations on both the top and bottom lines with momentum in new orders that were much better than peers.

 

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