Core Insights - Two stocks in the communication services sector are showing signs of being overbought, which may concern momentum-focused investors [1][2] Company Summaries - Baidu Inc (NASDAQ: BIDU): - Received Dubai's first autonomous driving trial permit and 50 test licenses from the Roads and Transport Authority, aiming to enhance Dubai's public transportation with autonomous technologies [7] - Stock performance: Gained approximately 45% over the past month, with a 52-week high of $141.60 and an RSI value of 75.9 [7] - Recent price action: Shares closed at $132.92 after a 5.9% increase [7] - Momentum score: 83.05 with a value score of 87.61 [7] - CarGurus Inc (NASDAQ: CARG): - Reported better-than-expected second-quarter results and announced a $150 million share repurchase program, with a 14% year-over-year revenue growth in its Marketplace business [7] - Stock performance: Gained around 11% over the past month, with a 52-week high of $41.33 and an RSI value of 72.4 [7] - Recent price action: Shares closed at $37.85 after a 1.4% increase [7]
Top 2 Tech & Telecom Stocks You May Want To Dump This Quarter