The bottom is for these 3 actions? Analysts say ‘buy’
Never say that one person makes no difference. Last Thursday stocks fell, bonds surged, and investors started taking inflation risks seriously – all because a guy said what he was thinking. Jerome Powell, Chairman of the Federal Reserve, held a press conference in which he gave both good and bad. He stated, once again, his belief that the COVID vaccination program will allow a complete reopening of the economy and that we will see a resurgence of the labor market. It’s the good one news. The bad news, we will also likely see consumer prices rise in the short term – inflation. And when inflation starts to rise, so do interest rates – and that’s when stocks typically fall. We’re not there yet, but the specter of it was enough last week to put serious pressure on the stock markets. However, as the market downturn has pushed many stocks very low, several Wall Street analysts believe the time may be right to buy. These analysts have identified three tickers whose current stock prices are landing near their 52-week lows. Noting that everyone is on the verge of resuming an upward trajectory, analysts see it as an attractive entry point. Not to mention that each achieved a moderate or strong buy consensus rating, according to the TipRanks database. Alteryx (AYX) We’ll start with Alteryx, a California-based analytics software company that takes advantage of the big changes brought by the…
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