For the last three weeks, the term overbought has been frequently used to describe the overall market as well as many specific stocks. What does this really mean?
It has a dangerous sound, and that is indeed the common message. A stock, or a sector, or the overall market has rallied more than expected over an extended time. What does that mean for traders? Or for investors?
It is an excellent question for our experts.
Our last Stock Exchange focused on trading sector rotations, Oscars regular mission. There was an excellent discussion. It provides special value when readers engage with our crew of “technical analysts.”
To encourage this discussion and diversity, we will have some visiting experts for the next two weeks:
Brian Gilmartin of Trinity Asset Management, a leading expert on corporate earnings and fundamental analysis reported at his blog, Fundamentalis. Robert Marcin of Defiance Asset Management. Bob is an oft-quoted legend, a deep value manager, and a curmudgeon par excellence. While I often do not agree with him, I always listen carefully in our discussions on Scutify. You will enjoy the banter and can keep your own scorecard.
best stocks to invest in: Franklin Resources, Inc.(BEN)
- [By Craig Jones]
Jim Strugger recommended on Bloomberg Markets a long position in Franklin Resources, Inc. (NYSE: BEN).
He said the company is in the assets management sector and he added that the market is probably getting into the period of higher dispersion, which is usually favorable for active managers. Speaking on the positive catalysts for the stock, Strugger said Franklin Resources is going to benefit from the cash repatriation.
- [By WWW.THESTREET.COM]
Franklin Resources (BEN) : “I’d rather see you in Morgan Stanley (MS) or E*TRADE Financial (ETFC) .”
Kinder Morgan (KMI) : “They are OK now, but there are better ones.”
best stocks to invest in: INC Research Holdings, Inc.(INCR)
- [By WWW.GURUFOCUS.COM]
For the details of LEE THOMAS H PARTNERS LP’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=LEE+THOMAS+H+PARTNERS+LP
These are the top 5 holdings of LEE THOMAS H PARTNERS LPINC Research Holdings Inc (INCR) – 25,174,838 shares, 38.1% of the total portfolio. New PositionParty City Holdco Inc (PRTY) – 65,157,952 shares, 25.55% of the total portfolio. West Corp (WSTC) – 18,099,239 shares, 12.29% of the total portfolio. MoneyGram International Inc (MGI) – 23,604,607 shares, 11% of the total portfolio. Fogo de Chao Inc (FOGO) – 17,053,123 shares, 6.12% of the total portfo
best stocks to invest in: Bank of Nova Scotia (The)(BNS)
- [By Zacks]
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To read this article on Zacks.com click here.
best stocks to invest in: Anavex Life Sciences Corp.(AVXL)
- [By SEEKINGALPHA.COM]
Anavex Life Sciences (OTCQX:AVXL) is down ~40% since Amit Ghate said it would trade substantially lower in an interview with the PRO Weekly Digest in June (see his update comment).
- [By WWW.MONEYSHOW.COM]
The lead drug from Anavex Life Sciences (AVXL) — called Anavex 2-73 — has just reported very promising phase 2a results in Alzheimer’s patients at the annual CTAD conference.