LIVE MARKETS-"A reminder that momentum cuts both ways" [Reuters]
GSK plc American Depositary Shares (Each representing two Ordinary Shares) (GSK)
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Source: Reuters
Welcome to the home for real time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net "A REMINDER THAT MOMENTUM CUTS BOTH WAYS" (1108 GMT) UBS strategist Bhanu Baweja notes momentum was one of the most successful factor styles on the way up, and the fact these moves can reverse shouldn't take the market totally by surprise. Momentum was the strongest-performing 'factor' in 2017 as a strong global economy and better earnings growth drove stocks to trend continually upwards for nearly two years, their rally virtually untouched until this week's sell-off. ETFs tracking the factor drew in significant inflows over the year (see chart) - but if stocks now sink into a downwards trend, these flows could reverse. UBS' Baweja, echoing other brokers' views this morning, reckons this price action won't mark a medium-term top fo
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- GSK plc (NYSE: GSK) was upgraded by analysts at Guggenheim from a "neutral" rating to a "buy" rating.MarketBeat
GSK
Sec Filings
- 4/24/24 - Form 6-K
- 4/19/24 - Form 6-K
- 4/17/24 - Form 6-K
- GSK's page on the SEC website