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Stock Of The Day: Buy or Sell?
Adobe (ADBE) is a Buy
Chart for ADBE
Risk levels may be somewhat lower than normal.
CHARTS OF THE DAY
Albany International Corp. [AIN]
Chart for AIN
AIN share price is $42.07, which is 4% above its 21-day moving average of $40.64.
AIN share price is $42.07, which is 7% above its 50-day moving average of $39.33.
AIN share price is $42.07, which is 15% above its 200-day moving average of $36.72.
WesBanco Inc. [WSBC]
Chart for WSBC
WSBC share price is $31.06, which is 1% below its 21-day moving average of $31.27.
WSBC share price is $31.06, which is 0% above its 50-day moving average of $31.02.
WSBC share price is $31.06, which is 2% above its 200-day moving average of $30.53.
SPDR Russell/Nomura Small Cap Japan [JSC]
Chart for JSC
JSC share price is $56.11, which is 2% above its 21-day moving average of $55.17.
JSC share price is $56.11, which is 3% above its 50-day moving average of $54.29.
JSC share price is $56.11, which is 7% above its 200-day moving average of $52.21.
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 1.2328. This is 42.2% 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 13.05. This is 26.4% 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.