Among the 500 stocks that make up the S&P 500 index, 194 of them have fallen at least 10 percent from their recent highs, according to a CNBC report.
CNBC's Dominic Chu noted that a stock which has lost 10 percent or more from their recent highs are considered to be in "correction." He added the fact that nearly 40 percent of all stocks, which make up the index are notably lower should flash a caution sign to investors.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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Chu continued that among the 194 stocks in correction territory, consumer discretionary accounts for 47 of the stocks — the most of any sector. The healthcare sector accounts for 36 percent of the stocks in correction territory while the consumer staples sector accounts for 25 percent.
Stocks To Watch
Chu offered a list of four stocks investors should keep an eye on.NVIDIA Corporation (NASDAQ: NVDA) was among 2016's top performing stocks, but it has since fallen more than 10 percent from its all-time highs of $119.93.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.