FEYE moved to ‘hold’, ORCL and INTC sold
As explained in today’s edition of Smart Tech 50 Weekly Movers, we are selling Oracle (ORCL) and Intel (INTC) out of the STI Investments Portfolio now that they have closed beneath their stop prices and carry a Smart Tech Rating score less than the sector average.
We are also changing Next Wave Portfolio holding FireEye (FEYE) to a ‘hold’, as we feel its recent price drop is not the result of deteriorating fundamentals, but due primarily to investors abandoning momentum stocks until the current correction runs its course.
We are also changing Next Wave Portfolio holding FireEye (FEYE) to a ‘hold’, as we feel its recent price drop is not the result of deteriorating fundamentals, but due primarily to investors abandoning momentum stocks until the current correction runs its course.
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