Stocks to Watch is part of Premium Articles and focuses on 84 large cap components of the S&P 100. This report is for week of October 29, 2018.
The following stocks from the universe of 84 large caps we track have positive return or have lost more than 20% in the last five weeks since the equity market correction started:
There are only 9 stocks that have gained more than 1% during this correction and five stocks show losses of more than 20%.
MCD has potential for new all-time closing highs despite the correction:
WBA could test the highs of February:
WMT has strong momentum despite market sell-off but is now getting overbought:
PG, amid strong selling pressures in the broader market, attempted to make a new all-time high.
VZ made new all-time highs but then retraced. Another attempt to recapture highs is possible:
NVDA is highly oversold after shares losing more about a quarter of their value in this correction. A strong rebound is possible.
DWDP shares have lost more than a quarter of their value in this correction. The stock is oversold and a rebound should be expected.
Note: This companion report is published during the weekends.
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