Market Overview

The Stock Market Is Oversold : Analyst Tells CNBC

Share:

The stock Markets repeated Monday’s performance and remained in green territory on Tuesday.

According to Art Cashin, director of floor operations at UBS (NYSE: UBS), these positive moves are an oversold reflex rally and he expects the rally to last for a couple more days. While talking with CNBC, he said that the markets are oversold and therefore some bounce is imminent. He said that the markets need to do some introspection and should go back to find the ailing areas. He also stressed that the rating agencies should be separated from the issuers.

Posted-In: Art Cashin CNBCAnalyst Color Analyst Ratings Media

 

Related Articles (UBS)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
TOLGoldman SachsInitiates Coverage On42.0
KBHGoldman SachsInitiates Coverage On36.0
YEXTSunTrust Robinson HumphreyMaintains28.0
LHCGSunTrust Robinson HumphreyMaintains160.0
DLRSunTrust Robinson HumphreyMaintains140.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Time Warner (TWX) Says It Will Benefit From Current Trends

Toyota Motor Corporation (NYSE:TM) Gets Slammed Again...Is It A Buy?