|Day Low/High||48.53 / 49.32|
|52 Wk Low/High||16.45 / 55.70|
Let's once again review the charts and indicators.
While chip stocks have outperformed in recent months, some still look intriguing as tech stocks in general sell off this week.
This isn't an aggressive trade in my view but I'm not sure I want to be aggressive here.
But, I will not be messing around with MRVL equity ahead of the digits.
Among other things, the president works to align Democratic senators to support his massive Covid relief bill.
Here's the kind I like to buy -- and the vetted stocks that you can play on 'good' risk.
As power has changed hands in the White House, we can expect these names -- and themes -- to benefit.
I am talking about themes that can stand the test not of today, or tomorrow, but for all of 2021 and beyond.
At some point, there will be a fiscal support package passed -- but only when both sides think they can take the credit.
Also, Salesforce posts successful quarter and announces Slack acquisition to effectively take on Microsoft.
Perhaps the best thing for the markets that might come out of Tuesday's election would be certainty, regardless of outcome.
While Intel stumbled, other major chip developers and manufacturers have been generally upbeat amid strong end-market demand. And M&A activity is on the upswing again.
There is little reason to anticipate a sustained bounce at this point, but there are positive aspects to the price action.
On a down day like this, you might want to bail. But instead of submitting to your emotions, aim your cash at these stocks.
For now, investors will either have to find some place else for their money or be patient.
I don't pick stocks on politics, but was shocked to see how a majority of our Action Alerts PLUS holdings would perform if Joe Biden wins the White House.
Let's check out the latest charts and indicators.
The short-term story for financial markets has been all about fiscal policy. This remains true.
This is what's known as a positioning week, and starting Monday you're going to hear a ton of things.
Let's check out the charts of this semiconductor stock.
First, let's closely watch this semiconductor company for the telecoms, and then examine the industrials, transports and retailers.
AVGO has already enjoyed the breakout created by the cup-with-handle pattern earlier this year, and the one created by the basing pattern over the summer.
If you're in MRVL, you're here for the opportunity in 5G technology.