Buying the dip and adding 150 more shares of DuPont on Monday is indicative of how we're looking to put cash to work in a market that flipped late last week from severely oversold to overbought, according to the S & P Short Range Oscillator . The strategy, which has served us well in past earnings sessions, is to target companies, like a DuPont, whose stocks are down in price but whose businesses show promise.
mountain Palo Alto Networks YTD Shares of Palo Alto Networks dropped another 4% on Monday, adding to Friday's more than 2.5% decline on Fortinet's disappointing full-year guidance. The warning, which came after the closing bell Thursday, sent Fortinet shares down more than 12% on Friday and pressured anything even remotely related to cybersecurity. Investors were making assumptions about what Fortinet's concerns might mean for Palo Alto.