Biotechs
When asked about Biotechs, Gonta responded, “After a period of recent pain, biotechs seem to have found a temporary floor.”
He assured that both the Crowd and Market Prophits’ sentiment on iShares NASDAQ Biotechnology Index (ETF) IBB was “trending negative sentiment before the fall but has recently reversed course, with the Market Prophits strongly bullish.”
General Electric
Gonta then went into General Electric Company GE, which “beat earnings and is looking at Digital/Industrial M&A as a potential area of focus and expansion.”
“The Crowd is currently bearish but the Market Prophits are bullish,” he added.
Tesla
Finally, the expert looked into Tesla Motors Inc TSLA, and noted that while the stock “recently hit a speed bump after announcing its Model X, sentiment has recently started to diverge dramatically between the Crowd and Market Prophits. While the Crowd remains bearish, the Market Prophits are strongly bullish.”
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
Image Credit: Public Domain© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.