Risk Off - Daily Buy/Sell Signals Email - 2/27/23
Broad markets sink on surprise inflation data. The key PCE-Index, a key inflation report watched by the Fed, came in hot, raising fears the Fed will need to do much to tame inflation.
Broad selloff to include Buy signals in
AAPL, ARKK, BABA, DKNG, MRNA, NVAX, PTON, ROKU and others.
As we mentioned a few days ago, a buy was issued for ROKU on 12/28 when the stock closed at $39.23. On February 17th BofA analyst issued a Buy outperform with the stock at $71.56. There were 7 subsequent “Risk Off” sell signals issued after December 27 with the last one on February 17th. On Feb 24th, ROKU closed at $62.65 down 12.6% from the Feb 17 recommendation. Incidentally, there is a Buy signal on today’s “Risk Off” paid edition.
In many situations, we highlight opportunities well before analysts and other financial publications offer recommendations because we are “Selling when others are buying and Buying when others are selling”.
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