Having a hard time telling up from down in the market right now? We’ve got you:
P.S. For more stocks making moves, check out our new Zen Ratings Upgrades & Downgrades screener.
🔥 HOT: Corning Incorporated (NYSE: GLW) gained 0.4% on Wednesday, briefly reaching a new swing high before reversing for a small gain. The company is still riding the wave of enthusiasm from last week’s announcement that it would be partnering with Broadcom to create new compute-optimized data centers aimed at capturing some of the ever-increasing volume of AI workloads. Corning looks solid overall, with B ratings in Safety, Growth, and Sentiment. We give the stock a B Zen Rating and a Buy recommendation.
🥶 NOT: Houston-based energy company Phillips 66 (NYSE: PSX) fell by 7.5% on Wednesday after a proposal to declassify its board was rejected. Volatility is way up on PSX lately, with three days with gaps larger than 5.0% in the last two weeks. Our research gives the company C ratings in Financials and Growth and a D rating in Sentiment. With the current elevated volatility, it’s an easy decision to give PSX a D Zen Rating and a Sell recommendation.
🔥 HOT: Shares of Google (NASDAQ: GOOGL) gained 2.8% on Wednesday after the company’s CEO, Sundar Pichai, announced a new AI-powered extension to Google Search called “AI Mode.” Google’s sheer size gives it an advantage over other AI innovators in the search space since it has orders of magnitude more search data than any other company. Our analysis gives GOOGL A ratings in Sentiment and Financials, but C ratings across all other metrics. This recent announcement is enough to convince us to give GOOGL a B Zen Rating and a Buy recommendation.
> Learn how Sentiment ratings work here
🥶 NOT: TransUnion (NYSE: TRU) was down 8.8% on Wednesday as fear continues to grow over the proposed shakeup to the credit ratings industry. A proposal to move to a bi-merge credit score system from the current tri-merge system has investors selling TRU in droves. The move is designed to lower mortgage origination costs and will result in a significantly lower volume of credit reports, which would affect companies like TransUnion, Equifax, and Fair Isaac. Uncertainty is through the roof right now, so we’re opting for a C Zen Rating and a Hold recommendation for TRU. You can hang onto it if you already have some shares in your portfolio, but we don’t recommend scooping up any more right now.
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