Let's review the charts and indicators.
These recently downgraded names are displaying both quantitative and technical deterioration.
That belief is borne out by the stellar performance of Amazon after good but not great quarterly results.
There has been no magic in Walt Disney stock and the worst may not be over for the shares should the consumer struggle in a tough economy.
House of Grouse: A return to the pandemic low of early 2020 cannot be ruled out.
Tuesday's rally in the Nasdaq and S&P 500 could prove to be short-lived thanks to disappointing subscriber numbers from Netflix.
Cash-strapped consumers could be rethinking their streaming subscriptions.
These recently downgraded names are displaying both quantitative and technical deterioration.
Plus, the average rate for a 30-year fixed mortgage has risen above 4%, so what will that do to the housing market?
I'm going to try to trade my way out of the entertainment giant as I'm out of patience with the soon-to-be Paramount Global.