#8 minute timer blue tech upgrade#
Under Armour(UAA) received a downgrade on excess inventory, among other factors, while fellow retailer Wayfair(W) scored an upgrade amid Bed Bath & Beyond's (BBBY) bankruptcy. We unpacked several analyst notes this week. On the other hand, Dow member Walgreens Boots Alliance (WBA) ran into a bearish trendlineafter its recent rally. Five Below (FIVE) and General Electric(GE) also flashed bull signals this week. Solar stock Array Technologies(ARRY) has been slipping since its recent 52-week high, but has just come within striking distance of a historically bullish trendline. Stock Signals to WatchĪccording to data from Schaeffer's Senior Quantitative Analyst Rocky White, several stocks are flashing signals. Oil prices were also in focus this week, as they danced around the $70 region. Despite all of this stock market malaise, the Cboe Volatility Index (VIX) remains muted and near pre-Covid levels.
At last check, the blue-chip index was looking to log a five-day skid, while the SPX and IXIC were eyeing a fourth loss in five sessions. Hawkish remarks from Federal Reserve Chair Jerome Powell on Wednesday about future interest rate hikes ramped up investor jitters as Treasury yields edged higher.
The Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all logged a loss for the holiday-shorted week, making it the tech-heavy latter's first in nine weeks. Fed fatigue reared its ugly head this week, throwing a wrench into the run of weekly wins that Wall Street had been enjoying.
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