With the stock market deeply oversold this week, we put cash to work by picking stocks across a range of sectors including energy, technology and materials.
With the market oversold, per the S & P 500 Short Range Oscillator , our investment discipline called for us to search for any dislocations within the portfolio.
Tech stocks remained under pressure Tuesday afternoon, giving us an opportunity to buy 7 shares of Broadcom and lower our cost basis.
But stocks returned to the red Thursday, and the market remained firmly in oversold territory.
However, the market reversed course in midday trading, with all three major U.S. stock benchmarks trading sharply higher.
Persons:
chipmaker, we've, –, Corona –, Jim, Elliott, We'd, Jim Cramer's, Jim Cramer, Spencer Platt
Organizations:
Coterra Energy, Devices, Broadcom, Starbucks, AMD, Tech, VMWare, Management, Wall, DuPont de Nemours, Oracle, Constellation Brands, DuPont, Modelo, Corona, Constellation, Elliott Management, U.S . Labor Department, Humana, CNBC, New York Stock Exchange, Getty
Locations:
China, oversold, ORCL, New York City