On CNBC's "Fast Money," Carter Worth spoke about Morgan Stanley MS and Ford Motor Company F. They are lagging behind the S&P 500 index and Worth believes they could catch up.
Both stocks have moved above its trendline, which is a sign of a bearish to bullish reversal, explained. He believes it makes sense to buy laggards that are showing some signs that they have bottomed. He added that he wouldn't buy laggards that are still moving lower.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in