New feature: 1 Vote = 0.10€ for server Owner!

Beware these stocks forming the dreaded death cross

Pelican Press · 2024-04-16T17:54:08+0000

Beware these stocks forming the dreaded ****** cross A group of stocks are about to form a chart pattern that suggests investors are bearish: the worrisome ****** cross. A ****** cross encompasses a price chart pattern that emerges when a stock’s 50-day moving average slips below its 200-day moving average. This can signal that momentum is weakening or that investors’ sentiment over a particular stock is souring. Moreover, a ****** cross is also touted as a predictor of a forthcoming bear market pattern. CNBC used data from FactSet to screen for stocks that are approaching a ****** cross, and found four names including fast-food giant McDonald’s and athleisure brand Lululemon . McDonald’s is once again flashing a ****** cross signal. Shares have slipped 10% in 2024, while analysts polled by FactSet remain optimistic with 67% issuing either a buy or overweight rating. Average analyst price targets call for 21% upside for the stock moving forward. McDonald’s has been under pressure in 2024 as tensions in the Middle East weighed on its fourth-quarter results. The company said earlier this month that it would purchase all of its franchises in ******* from local licensee Alonyal Ltd . Market sentiment toward McDonald’s is somewhat sour heading into quarterly results later this month, according to Deutsche Bank analyst Lauren Silberman. However, she says concerns tied to “global strength and value leadership are overblown,” and she thinks “the brand is well positioned for outperformance over time, particularly in a more challenging consumer backdrop.” The analyst also lauded the company’s positioning as a defensive stock in a more challenging macroeconomic environment and highlighted its favorable risk to reward skew. Lululemon is also nearing a ******-cross chart pattern. The sportswear retailer has plummeted nearly 34% in 2024, but analyst sentiment ******** high. Nearly 70% of those polled by FactSet maintain either a buy or overweight rating on Lululemon stock, and their average price targets imply about 39% upside ahead. Shares have struggled in recent months after the company issued soft guidance last month, underpinned by slowing U.S. sales and weaker demand. “While a fresh cloud of uncertainty now hangs over LULU, underlying growth dynamics for the brand appear intact, improved innovation and marketing should bolster sales expansion, at least somewhat, nearer-term, and share valuations are tracking close to historic troughs,” Oppenheimer analyst Brian Nagel said in a report earlier this month. Other stocks flashing the ******-cross signal on the list include telecom-focused real estate investment trusts Crown Castle and ********* Tower , as well as health-care tech name Teleflex . — CNBC’s Nick Wells contributed to this report. This is the hidden content, please Sign In or Sign Up ********* Tower Corp,Crown Castle Inc,Lululemon Athletica Inc,McDonald's Corp,Markets,Investment strategy,Teleflex Inc,business news #Beware #stocks #forming #dreaded #****** #cross This is the hidden content, please Sign In or Sign Up

By Pelican Press,
April 16, 2024 in World News

https://hopzone.eu/forums/topic/16860-beware-these-stocks-forming-the-dreaded-death-cross/

Followers 0

Reply to this topic

Trader Feedback

0 0 0

Total Rating 0%

Diamond Member

- Share

Posted April 16, 2024

Beware these stocks forming the dreaded ****** cross

This is the hidden content, please

********* Tower Corp,Crown Castle Inc,Lululemon Athletica Inc,McDonald's Corp,Markets,Investment strategy,Teleflex Inc,business news
#Beware #stocks #forming #dreaded #****** #cross

This is the hidden content, please

Quote

Link to comment

https://hopzone.eu/forums/topic/16860-beware-these-stocks-forming-the-dreaded-death-cross/

Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.

Reply to this topic...

× Pasted as rich text. Paste as plain text instead

Only 75 emoji are allowed.

× Your link has been automatically embedded. Display as a link instead

× Your previous content has been restored. Clear editor

× You cannot paste images directly. Upload or insert images from URL.

Insert image from URL

https://hopzone.eu/forums/topic/16860-beware-these-stocks-forming-the-dreaded-death-cross/

Followers 0

Go to topic listing

Most Contributions
1. Pelican Press
  196643
2. Steam
  70582
3. Editor
  12043
4. Kotaku
  7042
5. SpaceMan
  2753

Vote for the server

To vote for this server you must login.

Sign In

or

Sign Up
Recently Browsing 0 members
- No registered users viewing this page.

Sign In

Home

Activity

Store

My Details

Forums

All Servers

Beware these stocks forming the dreaded death cross

Recommended Posts

Pelican Press 0

Trader Feedback

Beware these stocks forming the dreaded ****** cross

Link to comment

Share on other sites

Join the conversation

Most Contributions

Vote for the server

Recently Browsing 0 members

Important Information