Source: 247wallst.com - Friday, January 30, 2015
The stock market has produced a very mixed bag of earnings results for the first reporting season of 2015, and investors have been whipsawed on some top companies. While most of the companies in the S&P 500 have reported earnings in line with estimates, some very high-profile members have missed, causing the market to bounce wildly all through January. A new research report from the Information Technology and Hardware analysts at UBS tracks the stocks that are the most overbought and oversold on a relative strength basis. Needless to say, this week’s volatility has skewed numbers for the stocks that were oversold even more. One caveat that was in the report, and one for investors to be mindful of: as the UBS team has said on occasion, many of the stocks in their coverage universe are fairly valued at this time. The oversold stocks of note are Best Buy Co. Inc. (NYSE: BBY), Electronics for Imaging, Inc. (NASDAQ: EFII), NetApp Inc. (NASDAQ: NTAP), Nuance Communications Inc. (NASDAQ: NUAN) and SanDisk Corp. (NASDAQ: SNDK). Best Buy Despite the fact Best Buy overdelivering with 2014 holiday sales, shares got hit hard in the middle of January. Expectations for sales momentum and margin performance where better than management’s guidance suggested. Although conditions improved for Best Buy in the third quarter of fiscal 2015, the road ahead still seems difficult. Best Buy reported same-store-sales growth of 2.2% in the third quarter of
from Top News on RSS Feeds http://ift.tt/1znQxnz
The stock market has produced a very mixed bag of earnings results for the first reporting season of 2015, and investors have been whipsawed on some top companies. While most of the companies in the S&P 500 have reported earnings in line with estimates, some very high-profile members have missed, causing the market to bounce wildly all through January. A new research report from the Information Technology and Hardware analysts at UBS tracks the stocks that are the most overbought and oversold on a relative strength basis. Needless to say, this week’s volatility has skewed numbers for the stocks that were oversold even more. One caveat that was in the report, and one for investors to be mindful of: as the UBS team has said on occasion, many of the stocks in their coverage universe are fairly valued at this time. The oversold stocks of note are Best Buy Co. Inc. (NYSE: BBY), Electronics for Imaging, Inc. (NASDAQ: EFII), NetApp Inc. (NASDAQ: NTAP), Nuance Communications Inc. (NASDAQ: NUAN) and SanDisk Corp. (NASDAQ: SNDK). Best Buy Despite the fact Best Buy overdelivering with 2014 holiday sales, shares got hit hard in the middle of January. Expectations for sales momentum and margin performance where better than management’s guidance suggested. Although conditions improved for Best Buy in the third quarter of fiscal 2015, the road ahead still seems difficult. Best Buy reported same-store-sales growth of 2.2% in the third quarter offrom Top News on RSS Feeds http://ift.tt/1znQxnz
Aucun commentaire:
Enregistrer un commentaire