At the close yesterday, 115 ETFs were oversold while only twelve stocks in the S&P 500 index were oversold. Thirty leveraged ETFs were also oversold with a PowerRatings of 8 or higher. Using the PowerRatings web site, traders can create portfolios to spot trends in the market. Shown below is a portfolio of ETFs that… [Read More]
Retail Sector Selloff Could Be Nearing an End
Yesterday, electronics retailer hhgregg, Inc. (NYSE: HGG) announced fourth quarter results that disappointed investors and the stock fell 19.32%. Competitor Best Buy (NYSE: BBY) also sold off and fell 5.21%. HHG and BBY are now both oversold with PowerRatings of 8. PowerRatings are based on the relative strength or weakness of particular stocks or ETFs. The… [Read More]
Popularity of Monster Worldwide Uncovers a Buy Signal
One of the lists users can find at the PowerRatings web site is a list of the most requested stocks. These are the stocks users have looked up the most often. PowerRatings users tend to be real traders and the stocks they find interesting are often not among the most popular stocks that many individual… [Read More]
Emerging Markets Oversold After Goldman, JP Morgan and Morgan Stanley Downgrades
According to Bloomberg, major Wall Street firms are bearish on emerging markets. Their bearishness extends to equities, fixed income markets and currencies. Bloomberg reported, “Goldman Sachs Group Inc. recommends investors cut allocations in developing nations by a third, forecasting “significant underperformance” for stocks, bonds and currencies over the next 10 years. JPMorgan Chase & Co…. [Read More]
Three Buy Signals to Start 2014
PowerRatings continues to show there are few trading opportunities available in the current market but the situation is improving. Heading into today’s trading, there are two stocks priced at $5 or more with a PowerRatings of 10. Only four stocks priced above $5 have a PowerRatings of 9. The stocks with a PowerRatings of 10… [Read More]
Year-End Window Dressing Could Boost FTEK
Fuel-Tech (NASDAQ: FTEK) is up 86.7% since the beginning of the year and could be on the shopping list for portfolio managers engaging in window dressing. Some managers are rumored to buy the biggest winners near the end of the quarter or the end of the year so investors will see the stock listed as… [Read More]
Winnebago Industries Oversold After Missing Expectations
Thursday was a relatively slow day in the stock market. Recreational vehicle maker Winnebago Industries (NYSE: WGO) was an exception and lost 13.65% after disappointing investors. The company reported earnings per share of $0.40, $0.03 better than expected but revenue came in 4.5% below expectations and the stock sold off. Many traders and analysts follow… [Read More]
Four High Probability Trades for Monday
Stocks ended lower last week and have declined for the past two weeks in a row. For now, traders should continue to view market weakness as a buying opportunity in a long-term uptrend. The 200-day moving average (MA) can be used to define the direction of the trend. SPDR S&P 500 (NYSE: SPY), for example,… [Read More]
Friday Rally Created Few Buying Opportunities
According to headlines, traders pushed stock market averages higher on Friday after a better than expected jobs report. The more likely explanation is that the market rebounded after becoming deeply oversold during a multiday selloff. Friday’s action pushed most market averages into neutral territory and most stocks are also rated neutral. Only two stocks in… [Read More]
News From Australia Sets Up a Potential Trade
Australian authorities rejected Archer-Daniel-Midland’s (NYSE: ADM) proposed buyout of GrainCorp, an Australian grain producer. The decision took analysts by surprise and led to weakness in Australian stocks. That weakness may lead to a buying opportunity in iShares MSCI Australia Index Fund (NYSE: EWA). PowerRatings are based on the relative strength or weakness of particular stocks or… [Read More]
- « Previous Page
- 1
- 2
- 3
- 4
- …
- 31
- Next Page »