Keeping a watchlist during market downturns is crucial, as stocks that weather corrections best often lead in the next rally.Dow Jones Industrial Average
However, it’s a smart idea to keep your watch list current during market downturns. Stocks that hold up better than others in a correction are often poised for big gains when the broad market rallies., as the Dow comprises only 30 large-cap companies, whereas the S&P 500 includes 500 diverse stocks.
Quality depends on various factors such as financial health, management, and growth prospects, not just its market price. The stock is forming a consolidation below its July 18 high of $366.78 and closed on October 31, 3.3% above its 50-day moving average. headtopics.com
Amgen stock fell to a session low of $249.70 on October 31, managing to hold above its September 6 low of $248.38. UnitedHealth earnings data show the company has a long history of beating both revenue and net income views. When the company reported quarterly results on October 13, it said lower-than-anticipated medical costs helped the bottom line. The company also increased its full-year guidance.Dow component IBM, which over the years has completely reinvented itself and is now a tech services firm, rather than a hardware maker, has shown excellent price action since its most recent earnings report.
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