3 Dangerous Dow Stocks to Sell Now
Inflation stormed the stage again this week with a pair of hotter-than-expected reports for June. The news had investors rushing the exits as odds of a 1% rate hike at the Federal Reserve’s next meeting surged past 50%. Emboldened bears have returned, and the backdrop for risk assets is as treacherous as ever. While some Dow stocks are holding firm against the onslaught, many look terrible. Today I’m featuring three dangerous Dow stocks to sell now. 7 Nasdaq Stocks Trading at a Huge Discount Right Now They all suffer from relative weakness and boast some of the worst price charts of all the giants that call the Dow Jones Industrial Average home. The thing with underperformance is it tends to feed on itself. Would-be buyers often steer clear in favor of stronger stocks that offer cleaner trends and easier upside. After analyzing the daily and weekly time frames, these were the three worst-lookers of the bunch. Ticker Company Recent Price GS Goldman Sachs $285.62 CAT Caterpillar $169.20 WBA Walgreens Boots Alliance $37.20 Goldman Sachs (GS) Source: The thinkorswim® platform from TD Ameritrade JPMorgan Chase (NYSE: JPM ) kicked off bank earnings with an underwhelming report on Thursday that had the banking giant off 5%.
3 Dangerous Dow Stocks to Sell Now
Inflation stormed the stage again this week with a pair of hotter-than-expected reports for June. The news had investors rushing the exits as odds of a 1% rate hike at the Federal Reserve’s next meeting surged past 50%. Emboldened bears have returned, and the backdrop for risk assets is as treacherous as ever. While some Dow stocks are holding firm against the onslaught, many look terrible. Today I’m featuring three dangerous Dow stocks to sell now. 7 Nasdaq Stocks Trading at a Huge Discount Right Now They all suffer from relative weakness and boast some of the worst price charts of all the giants that call the Dow Jones Industrial Average home. The thing with underperformance is it tends to feed on itself. Would-be buyers often steer clear in favor of stronger stocks that offer cleaner trends and easier upside. After analyzing the daily and weekly time frames, these were the three worst-lookers of the bunch. Ticker Company Recent Price GS Goldman Sachs $285.62 CAT Caterpillar $169.20 WBA Walgreens Boots Alliance $37.20 Goldman Sachs (GS) Source: The thinkorswim® platform from TD Ameritrade JPMorgan Chase (NYSE: JPM ) kicked off bank earnings with an underwhelming report on Thursday that had the banking giant off 5%.