Despite a lower close on 3 out of this week’s 4 trading days, the S&P 500 seems poised to close with a gain for the 4th week in a row…as the chip stocks and mega-cap tech names continue to support the stock market in a major way.
One sector is getting oversold…as is one of its key stocks. Its fundamental outlook remains strong for this name, so its recent decline is creating a nice opportunity for investors. (No, we’re not talking about a name in the software sector.)
