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Stock Of The Day: Buy or Sell?
American Electric (AEP) is a Buy
Chart for AEP
Risk levels may be somewhat lower than normal.
CHARTS OF THE DAY
First Trust Global Tactical Commodity Strategy Fund [FTGC]
Chart for FTGC
FTGC share price is $21.11, which is 1% below its 21-day moving average of $21.23.
FTGC share price is $21.11, which is 0% above its 50-day moving average of $21.07.
FTGC share price is $21.11, which is 8% below its 200-day moving average of $22.84.
Hortonworks Inc [HDP]
Chart for HDP
HDP share price is $12.63, which is 10% above its 21-day moving average of $11.49.
HDP share price is $12.63, which is 7% above its 50-day moving average of $11.82.
HDP share price is $12.63, which is 25% below its 200-day moving average of $16.85.
Great Ajax Corp [AJX]
Chart for AJX
AJX share price is $13.94, which is 1% above its 21-day moving average of $13.78.
AJX share price is $13.94, which is 5% above its 50-day moving average of $13.25.
AJX share price is $13.94, which is 10% above its 200-day moving average of $12.71.
Economic Indicators
Total Market Cap / GDP
Chart for Total Market Cap / GDP
The ratio of the Total Market Capitalization (Wilshire 5000) to United States GDP is 1.2168. This is 40.3% above the historic median figure of 0.87.
The higher the Market Cap/GDP figure is relative to its median level, the higher the perceived risk in the market. Markets can remain overvalued for extended time periods.
S&P Earnings Growth
Chart for S&P Earnings Growth
The S&P Earnings Growth is -12.91. This is 213.6% below the historic median figure of 11.37.
When the S&P Earnings Growth trends lower, the stock market is perceived to have higher risk.
Sentiment
VIX
Chart for VIX
The VIX figure is 12.42. This is 30% below the historic median figure of 17.74.
The CBOE Volatility Index® (VIX®) is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices. Historically, VIX levels above 50 correlate closely with periods of stock market panic while VIX levels below 20 are more typical during relatively calm periods in the market.