Being Greedy When Others Are Fearful
Portfolio Pulse from David Pinsen
The article discusses potential buying opportunities in the stock market, focusing on the 'Magnificent Seven' stocks and other oversold stocks. It highlights a new screening method for identifying 'Cheap and Stable' stocks and mentions specific stocks like AMD and SBUX in relation to their recent performance and market conditions.
August 01, 2024 | 7:41 pm
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POSITIVE IMPACT
Advanced Micro Devices, Inc. is highlighted as a potential buying opportunity due to its solid earnings report and its status as an oversold stock.
AMD is mentioned as a potential buying opportunity due to its solid earnings report and its status as an oversold stock, which could lead to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Apple Inc. is mentioned as part of the 'Magnificent Seven' stocks, which are being monitored for potential buying opportunities if the market corrects.
Apple is part of the 'Magnificent Seven' stocks being watched for potential buying opportunities. However, no immediate action is suggested.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Amazon.com Inc. is included in the 'Magnificent Seven' stocks, which are being evaluated for potential buying opportunities if the market corrects.
Amazon is part of the 'Magnificent Seven' stocks being watched for potential buying opportunities. However, no immediate action is suggested.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Alphabet Inc. is part of the 'Magnificent Seven' stocks being monitored for potential buying opportunities if the market corrects.
Alphabet is part of the 'Magnificent Seven' stocks being watched for potential buying opportunities. However, no immediate action is suggested.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Meta Platforms Inc. is included in the 'Magnificent Seven' stocks, which are being evaluated for potential buying opportunities if the market corrects.
Meta is part of the 'Magnificent Seven' stocks being watched for potential buying opportunities. However, no immediate action is suggested.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Microsoft Corp. is part of the 'Magnificent Seven' stocks being monitored for potential buying opportunities if the market corrects.
Microsoft is part of the 'Magnificent Seven' stocks being watched for potential buying opportunities. However, no immediate action is suggested.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
NVIDIA Corp. is included in the 'Magnificent Seven' stocks, which are being evaluated for potential buying opportunities if the market corrects.
NVIDIA is part of the 'Magnificent Seven' stocks being watched for potential buying opportunities. However, no immediate action is suggested.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Tesla Inc. is part of the 'Magnificent Seven' stocks being monitored for potential buying opportunities if the market corrects.
Tesla is part of the 'Magnificent Seven' stocks being watched for potential buying opportunities. However, no immediate action is suggested.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Starbucks Corporation reported a 14% year-over-year decline in same-store sales in China, indicating potential weakness in the Chinese consumer market.
Starbucks reported a significant decline in same-store sales in China, which could negatively impact its stock price in the short term due to concerns about the Chinese consumer market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60