A downtrend has been apparent in Preferred Bank (PFBC) lately with too much selling pressure. The stock has declined 11.9% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for ...

Outfront Media (OUT) has been on a downward spiral lately with significant selling pressure. After declining 10.7% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock ...

A downtrend has been apparent in Travelers (TRV) lately with too much selling pressure. The stock has declined 5.3% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotti ...

Meta is planning to make performance-based cuts to its workforce, Business Insider has learned.Mark Zuckerberg has told employees he "decided to raise the bar on performance management" and act quickly to "move out low-performers," according to an internal memo seen by BI.AD The Meta chief wrote in a post on Workplace, the company's internal forum, that the company will be doing "more extensive performance-based cuts" during this year's peformance review cycle.AD Meta last week said it would dismantle its ...

Key TakeawaysMacy’s shares could remain in focus on Tuesday after the struggling department store said holiday quarter sales may be slightly below expectations due to underperforming stores.Selling in the stock has intensified after it ran into resistance near the the upper trendline of a descending channel and the 200-day moving average.Investors should watch important support levels on Macy's chart around $13 and $10.75, while also observing key resistance levels near $18 and $20.50. Macy’s (M) shares cou ...

Since Jan. 1, the U.K.’s Competition and Markets Authority (CMA) has been granted new powers to regulate digital markets, investigate firms, impose remedies and enforce sanctions. The newly introduced Digital Markets, Competition and Consumers Act (DMCC) closely aligns with the European Union’s Digital Markets Act, sharing similar powers and obligations.The primary goal of the DMCC is to equip regulators with enhanced tools to scrutinize the activities of major tech companies like Google, Amazon and Meta. T ...

I’m assigning a Buy rating to Guidewire (NYSE: GWRE ) because it is the main consulting arm of the insurance industry. This industry is very reliable and doesn’t suffer with major crisis. Its products are very stickyI'm a long only investor using a combination of dual momentum with stock picking to achieve targeted returns of 12% per year. When I'm picking a stock I'm always trying to check if it beats the QQQ in the long run. By doing dual momentum with half of my portfolio my returns are anchored to the Q ...

Red Robin Gourmet Burgers, Inc. (RRGB) reported preliminary results for the fourth quarter of fiscal 2024. The company expects to report its final fourth-quarter fiscal 2024 results in February 2025.Red Robin's president and CEO, G.J. Hart, expressed confidence that the company’s fourth-quarter comparable restaurant revenue growth would surpass its prior expectations. He attributed this success to initiatives such as the relaunched loyalty program and "Appointment Dining" offers, which target specific day-o ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Pure Storage (PSTG) .Pure Storage currently has an average broker ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Lowe's (LOW) .Lowe's currently has an average brokerage recommendation (ABR) of 1.78, on a scal ...