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1018 days ago

Technology sectors is the last man standing after last week's storm

Half of US sectors were oversold last week, with the Utilities sector even reaching the oversold state, according to Bespoke Invest. Technology is the only sector that managed to take a stand. 

#Stocks
Technology sectors is the last man standing after last week's storm

1018 days ago

There's a real divergence between growth and value stocks over the past months

While the S&P 500 managed to offer a 1% return over the past month, Growth stocks shined at almost 5%, while value stocks were down 2%.

#Stocks
There's a real divergence between growth and value stocks over the past months

1018 days ago

Bill Ackman to buy 10% of Universal Music Group

Investor Bill Ackman is preparing to invest $4B in Taylor Swift's label. His SPAC Pershing Square Tontine Holdings will distribute the shares to its shareholders only after Vivendi, UMG's French owner, completes its planned listing of the stock on Euronext Amsterdam. Tencent previously purchased 20% of the French company's shares. 

#Stocks

1018 days ago

Honeywell International entered oversold territory

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. Shares of Honeywell International entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $212.20 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 43.4. A bullish investor could look at HON's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of HON shares:

#Stocks

1018 days ago

Batelco shares rallying to 2008 levels; biggest gainer on the Bahrain Bourse

Bahrain's largest telecommunications firm is planning to become the first company to have a dual listing on Saudi Arabia's bourse. On the dual listing news, the stock jumped by 2.2% with more than 454,000 share in trading volume. 

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