InvestorPlace - Stock Market News, Stock Advice & Trading Tips Despite industry headwinds, RKLB stock's risk-reward ratio is too compelling to ignore as it…
After a long bullish phase, in the last four weeks the market has witnessed correction, Whether it is, large, mid or small cap market breadth in all segments remained weak in a number of trading sessions. In such times, if one is looking to buy stocks it would be better to look at stocks where some fundamentals developments have made analysts turn bullish on them. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
While the developments in Israel were not able to rattle the global equity market the way it was feared over the last weekend. But given the fact that more uncertainty has emerged on the global slowdown and what will be the stance of the US Fed, it is still time to stay in cautious mode. The reason, especially for Indian equities, valuations are not very cheap and very low probability of any positive surprise coming in Q2 result season. Over the next couple of days if one is buying it would be better to stick to large cap stocks that too with more checks and balances put in place.
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Even at the time of volatility movement with slightly more bearish bias which the nifty and broader market has witnessed in the last four weeks, some stocks have witnessed consistent improvement in their scores, which makes it worth looking at them. The stocks from sectors like power distribution, tech based marketplace, have come to the list. But this time there is a difference, a number of these stocks where the score has improved the recommendation has stayed as “ hold”. So, there is an element of caution which seems to have come into broader analyst recommendations.