Market Shows Gains But Not Convincing Yet; Cactus, Hubbell, Ollie’s In Focus

from Stock Market Today With IBD · host Investor's Business Daily

Stocks burst higher at the open but quickly went back and forth the rest of the day. It’s not a market that’s proving itself ready to resume its uptrend yet. Outside of tech, some names setting up include oil machinery stock Cactus tightening up in a handle after a nice run up the right side of its base. Hubbell is on the verge of a flat base entry and Ollie’s Bargain Outlet showed a nice bounce ahead of its earnings report later this week. Learn more about your ad choices. Visit megaphone.fm/adchoices

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This episode was published on August 28, 2023.

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