6 Beaten Down Stocks Rated Buy (SA Quant)
Amphastar Pharmaceuticals(AMPH) Seeking Alpha·2024-08-19 09:00
sefa ozel The S&P 500 fell over 8% in a three-week selloff amid fears of recession. The market bounced back last week despite big tech AI bubble fears triggered by weak jobs data and uncertainty over the impact and timing of Fed emergency rate cuts. The Tech (XLK) and Consumer Discretionary (XLY) sectors led the free fall, plunging by 15% and 12%, respectively, followed by the Industrial (XLI) and Energy (XLE) sectors, which both fell over 5%. Three defensive sectors - real estate, staples, and utilitie ...