3 Large-Cap Stocks to Sell Now
Earnings season is inbound, and investors are about to see how inflationary pressures and a downshift in economic activity have affected corporate profits. The recent surge in the U.S. dollar to a twenty-year high is also bound to play a negative role. To get ahead of what could cause bears to return with a vengeance, below are three large-cap stocks to sell before it’s too late. And it’s not just the deteriorating fundamentals that are cause for caution. The price action of these industry giants is ugly, even as many stocks are finally showing bottoming patterns. Downtrends have taken root across all time frames, and rallies continue to fail at overhead resistance levels. Until the tone changes, the path of resistance is lower. 7 Best Dow Stocks to Buy in July Let’s take a closer look and map out to capitalize on further pain. NVDA Nvidia $150.56 ADBE Adobe $373.70 DE Deere $295.46 Nvidia (NVDA) Source: The thinkorswim® platform from TD Ameritrade You’d be hard-pressed to find an industry chart that looks uglier than semiconductors.
3 Large-Cap Stocks to Sell Now
Earnings season is inbound, and investors are about to see how inflationary pressures and a downshift in economic activity have affected corporate profits. The recent surge in the U.S. dollar to a twenty-year high is also bound to play a negative role. To get ahead of what could cause bears to return with a vengeance, below are three large-cap stocks to sell before it’s too late. And it’s not just the deteriorating fundamentals that are cause for caution. The price action of these industry giants is ugly, even as many stocks are finally showing bottoming patterns. Downtrends have taken root across all time frames, and rallies continue to fail at overhead resistance levels. Until the tone changes, the path of resistance is lower. 7 Best Dow Stocks to Buy in July Let’s take a closer look and map out to capitalize on further pain. NVDA Nvidia $150.56 ADBE Adobe $373.70 DE Deere $295.46 Nvidia (NVDA) Source: The thinkorswim® platform from TD Ameritrade You’d be hard-pressed to find an industry chart that looks uglier than semiconductors.