When bad news are met with cheerful tidings, that is something unusual and typically near bottoms not top. Under normal circumstances, that CC should have led to another two years low in NVLS, instead, it is a little ahead.
Agree. Same with INTC...held up well today after some negative analyst commentary. The reaction to INTC's mid-quarter update next Thursday should be interesting.
There is widespread negative sentiment toward the group, and the stocks do look washed out. Oddly, short positions and put/call ratios are low, but maybe that won't matter.
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