The sharp downward price action in a number of materials producers suggests traders believe a recession is right around the corner.
This is not 'back up the truck' time, but I am seeing some interesting valuations.
APD got a "Buy" recommendation, but my analysis doesn't jibe.
Even in a down tape Thursday, winners narrowly beat losers at the Big Board and the Nasdaq.
The shares have been in a tailspin since early 2021.
These recently downgraded names are displaying both quantitative and technical deterioration.
Asian shares fell across the region except in mainland China, where official pronouncements drove heavy-industry stocks higher.
Construction supplies distributor GMS Inc. and auto giant Ford Motor have seen recent substantial purchases by insiders.
WGO is a great example of 'cheap on paper', but perhaps not so much in this ever-changing economic environment.
Here's what the charts and indicators are not telling me.