News Formal

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

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

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

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

5 things to know before the stock market opens MondayHere are the most important news items that investors need to start their trading day.
Source: NBCLA - 🏆 319. / 59 Read more »