US Stocks Came Under Pressure Selloff Dominating in Tech Stocks

On Tuesday U.S. stocks extended losses from the previous session as investors sold industrials, consumer discretionary and technology shares.

Hussein Sayed, chief strategist at FXTM, said some Republicans have criticized the immigration order, and the dismissal of Yates is “pouring fuel to the fire.”

“The major risk looming now is the breakup of the Republican coalition,” he said. “I believe it’s going to be the biggest risk to financial markets in the near future, as we end up with protectionist policies without the implementation of fiscal policies, thus triggering a sharp reversal in stocks worldwide.”

The selling came amid signs that the momentum following President Donald Trump’s election victory in November was fading and as a gauge of consumer confidence in January retreated from its highest level in 15 years.

Intel Corporation (NASDAQ:INTC) traded 23.78 Million shares and was closed at $37.42 per share. The current share price indicates that stock is -2.68% away from its one year high and is moving 38.43% ahead of its one year low. Stock monthly performance is recorded as 2.16% while its performance in last 5 sessions is 1.77%.

Analyst’s Analysis on Intel Corporation (NASDAQ:INTC)

At the movement stock is under coverage by number of analysts. 13 given Buy rating to the stock whereas 2 analysts given UNDERPERFORM rating to stock and 12 analysts given HOLD rating. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.07 on scale of 1-5. Analysts mean target price for Intel Corporation (NASDAQ:INTC) is $40.09 while their mean recommendation is 2.20 (1=Buy, 5=sell).

NIKE, Inc. (NYSE:NKE) shares moved to $53.08 after starting the day at $51.68 on Monday. Weekly volatility of NKE is 1.37% and monthly volatility is 1.41%. Stock performance in last five sessions is recorded as -0.30% while year to date (YTD) performance is 4.43%. NKE Gross Margin is 45.40% and its return on assets is 18.00%. Stock 3 months performance is recorded as 2.66%.

Analyst Rating on NIKE, Inc. (NYSE:NKE)

Number of analysts are covering this stock and currently stock has got OUTPERFORM rating from 11 analysts of Thomson Reuters, 12 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for NKE is $61.81 while analysts mean recommendation is 2.20.

Under Armour, Inc. (NYSE:UAA) traded 5.81 Million shares and was closed at $28.94 per share. The current share price indicate that stock is -39.65% away from its one year high and is moving 2.30% ahead of its one year low. Stock monthly performance is recorded as -1.63% while its performance in last 5 sessions is 1.72%.

Analyst’s Analysis on Under Armour, Inc. (NYSE:UAA)

At the movement stock is under coverage by number of analysts. At the movement stock is under coverage by number of analysts. 10 given Buy rating to the stock whereas 1 analyst given UNDERPERFORM rating to stock and 17 analysts given HOLD rating. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.26 on scale of 1-5. Analysts mean target price for Under Armour, Inc. (NYSE:UAA) is $37.36 while their mean recommendation is 2.30 (1=Buy, 5=sell).

Pfizer Inc. (NYSE:PFE) shares moved to $31.31 after starting the day at $31.000 on Monday. Weekly volatility of PFE is 1.27% and monthly volatility is 1.34%. Stock performance in last five sessions is recorded as -0.48% while year to date (YTD) performance is -3.60%. PFE Gross Margin is 76.60% and its return on assets is 3.60%. Firm quarterly performance is -2.64%.

Analyst Recommendation on Pfizer Inc. (NYSE:PFE)

Number of analysts are covering this stock and currently stock has got OUTPERFORM rating from 8 analysts of Thomson Reuters, 11 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating to Pfizer Inc. (NYSE:PFE) stock. Analyst’s mean target price for PFE is $37.52 while analysts mean recommendation is 2.40.

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