Placeholder canvas
HomeFinance NewsStock Market Recovers as Nasdaq Approaches 13,000; Oil Surges, Gold Drops

Stock Market Recovers as Nasdaq Approaches 13,000; Oil Surges, Gold Drops

Published on

The stock market is still facing a correction, with little improvement in stock health since the downshift in market outlook. However, there are signs that institutional investors are seeking bargains as indexes reversed off their intraday lows. Despite the bearish trend, oil and gas stocks have remained strong. In terms of individual stocks, Fabrinet is displaying strength and support after a surge in earnings, while Arista Networks has reclaimed its 50-day moving average. Halliburton is also in a buy zone from a 41.08 entry.

Despite the ongoing correction, there are indications that institutional investors are beginning to see value in the market. This has led to a reversal of indexes from their intraday lows, as these investors search for undervalued stocks. Oil and gas stocks have been particularly resilient in the face of the bearish trend, continuing to perform well.

Among individual companies, Fabrinet stands out with its strong performance and support in the market following a surge in earnings. Meanwhile, Arista Networks has managed to reclaim its 50-day moving average, demonstrating signs of strength. Lastly, Halliburton remains in a buy zone from a 41.08 entry, indicating that it may be a good opportunity for investors to consider. Overall, while the market continues to face a correction, there are pockets of opportunity for investors.

Source link

Latest articles

350 employees, comprising about 37% of workforce.

Bumble, the popular dating app, has announced plans to lay off approximately 350 employees,...

Nintendo accuses Yuzu emulator of enabling widespread piracy on Switch.

Nintendo has taken legal action against the developers of the Yuzu emulator, which allows...

Texas fire grows rapidly, threatens towns, prompts evacuations as it doubles in size.

A massive blaze in the Texas Panhandle is causing havoc, threatening towns and forcing...

9 Bitcoin ETFs set new daily volume record on Bitcoin.com News.

A recent surge in interest in Bitcoin ETFs has resulted in record-breaking daily trading...

More like this

350 employees, comprising about 37% of workforce.

Bumble, the popular dating app, has announced plans to lay off approximately 350 employees,...

Nintendo accuses Yuzu emulator of enabling widespread piracy on Switch.

Nintendo has taken legal action against the developers of the Yuzu emulator, which allows...

Texas fire grows rapidly, threatens towns, prompts evacuations as it doubles in size.

A massive blaze in the Texas Panhandle is causing havoc, threatening towns and forcing...