3 Momentum Anomaly Stocks to Buy on Healthy Market Correction
Gap(GPS) ZACKS·2024-07-25 12:10
After witnessing a steady uptrend over the past few weeks buoyed by optimism related to rate cuts driven by easing inflationary pressures, the broader U.S. equity markets fell yesterday in what appeared to be a healthy correction to a bull market. The sell-off was triggered mainly by a weaker-than-expected performance by leading tech firms in the recently released quarterly results. The downtrend was further amplified by the soft U.S. manufacturing data, with the U.S. PMI flash manufacturing output index f ...