Have Tech stocks peaked? It’s hard to tell but the way Tech stocks have sold off from highs is going to make traders nervous but there is something interesting happening today. Lots of Oil and Gas stocks have made the decisive move after a long time (SWN +8%) and one stock post earnings looks very attractive.
The Stock is Devon Energy DVN.
What’s the story?
- 8% Dividend Yield
- The company is aggressively working on growth plans
- The company came out with earnings
- Today the stock has gapped up on a deal that seems attractive
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purposes. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers
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