‘Cleansing correction’ will likely hit stocks within weeks, Federated’s Phil Orlando warns.
Investors may want to brace for a tumultuous June.
Federated Hermes’ Phil Orlando believes a “cleansing correction” could spark a 10% drop or more within weeks. According to Orlando, another round of “pretty brutal” data will be the likely catalyst.
“We’ve got a couple of big fundamental things on the horizon, meaning second quarter GDP and second quarter corporate earnings,” he said.
He also sees stocks are hitting resistance after pushing up into the 200-day moving average. Orlando suspects his favorite groups health care and technology will be most vulnerable over the next several weeks due to their recent outperformance.
further insanity on the part of china, with resulted in its isolation,a new supply chain without China is bullish for malaysian manufacturing.that is the perspective.
Cheerup99, since you are weak holder, better sell it & abandon this ship. Not suitable for you to invest if you worry so much & had a sleepless night after greatech drop 1 or 2 cents.
Expected within these three days result OUT. I think profit shld be around 13.6mil. Of course more than this will be surprisingly good enough to boost its share price even higher.
This coming QR is Feb - March - Apr 20 performance. With March and April operating at only 50%, and the world on lockdown. Will need to watch closely this QR
yorkyork, Nope. I don't have, and also nobody will post insider news too obvious. No worries, since this is uptrend now, insiders d knew the result and bought before last wave. So surely there is something good is rolling underwater now. Suggest if you bought below RM3, should give it a try n wait for the result first only decide. Not buy and sell call, do take note.
Have faith in this counter. Their QR will be very very positive even during covid. their operations only shut down for very short period of time and they resume at almost full scale again once gomen announce factories can operate.
To me, UWC is better and more potential. At least consistency in both revenue and profit growth. Plus with no tax exemption like Greatech & MI bcoz of Pioneer profile in industry can give us this kind of result. Let's see it will overtake Greatech soon. Vroom...Vroom...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
t_nike2002
370 posts
Posted by t_nike2002 > 2020-05-22 09:58 | Report Abuse
Upcoming next Qtr result likely to be weak...