Cybersecurity stocks have been staging a big comeback, now evidenced by a fresh milestone for Palo Alto Networks.
Source: https://www.marketwatch.com/story/palo-alto-networks-hits-a-…
Appaloosa sold off its entire positions in Delta, American and United, while loading up on shares of Amazon and Uber.
As the war in Iran triggered widespread macroeconomic uncertainty, stocks like Sandisk, Lumentum, and Dow rose anyway.
Investors are hoping for a Santa Rally — the seasonal year-end surge that has historically delivered positive returns. Although macro conditions – including rate cuts and easing inflation – are supportive of a rally, holiday euphoria could put gains at risk if investors bet on weak stocks. Seeking Alpha’s Quant Ratings provide data-driven, unemotional assessments of stocks, which can help prevent investors from getting hurt by holiday excesses.
