Semiconductors lead the charge with 6 stocks (MU, MCHP, RMBS, SIMO, ARM, AMAT) recently rated strong buy by analysts. Utilities also gained traction with SRE and PEG upgrades. Average target upside suggests continued momentum. However, a cluster of utility downgrades to Strong Sell on Wednesday (EIX, IDA, NWE, OGE, SO) and major tech downgrades signal selective caution.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. We are not financial professionals. The authors and/or site operators may hold positions in the companies or assets mentioned. Always do your own research before making financial decisions.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.