Here's why I'm avoid tech stocks and snapping up preferreds.
The charts suggest a big move could unfold.
These recently downgraded names are displaying both quantitative and technical deterioration.
Let's take a journey through time, starting with April Fool's Day, 2021, and see where we've come, and how I've been handling it.
Intel seems trapped in a range, and the ETFs continue to trade beneath important moving averages.
Let's check the charts of OXY as Berkshire Hathaway just boosted its stake to over 23%.
In the case of OPEC, cutting back on oil supplies doesn't do much for boosting prices when demand isn't there.
Let's analyze the two supermajors on the basis of asset quality, future growth prospects, valuation and dividend safety/attractiveness.
These recently downgraded names are displaying both quantitative and technical deterioration.
Let's see what's next for the stock.