Meta Platforms (NASDAQ: FB) and Himax Technologies (NASDAQ: HIMX) are two companies that have been battered badly so far this year. As a result, the massive pullbacks in shares of Meta Platforms and Himax are opportunities for investors to buy companies with solid long-term growth potential at attractive valuations. Let's look at the reasons why these tech companies could be prudent long-term bets right now. Read More...
TheStreet.com
Get Used to Volatile and ‘Unresolved’ Trading Ranges
The indexes remain in near-term neutral trends as they continue to bounce up and down between their support and resistance levels with no resolution of future trends at the moment. Data remain mostly neutral except the sentiment levels that show extreme levels of bearish sentiment, which, as contrarian indicators, suggest any shift in their opinion to a less negative outlook could be impactful. On the plus side, the S&P 500, DJIA, and Dow Jones Transports tested support successfully and closed near their highs of the day and well above their intraday lows, forming positive hammer signals that suggest a near-term washout of sellers.
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