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Stock Of The Day: Buy or Sell?
Abbott Labs (ABT) is a Buy
Chart for ABT
Risk levels may be somewhat lower than normal.
CHARTS OF THE DAY
Wabash National Corp. [WNC]
Chart for WNC
WNC share price is $13.18, which is 1% below its 21-day moving average of $13.25.
WNC share price is $13.18, which is 1% above its 50-day moving average of $13.08.
WNC share price is $13.18, which is 4% above its 200-day moving average of $12.63.
La Jolla Pharmaceutical Company [LJPC]
Chart for LJPC
LJPC share price is $16.14, which is 3% below its 21-day moving average of $16.64.
LJPC share price is $16.14, which is 9% below its 50-day moving average of $17.82.
LJPC share price is $16.14, which is 17% below its 200-day moving average of $19.47.
Vanguard Financials ETF – DNQ [VFH]
Chart for VFH
VFH share price is $49.15, which is 3% above its 21-day moving average of $47.80.
VFH share price is $49.15, which is 4% above its 50-day moving average of $47.30.
VFH share price is $49.15, which is 5% above its 200-day moving average of $46.62.
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 1.2301. This is 41.9% 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 12.02. This is 32.3% below the historic median figure of 17.75.
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.