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References in periodicals archive ?
Shares of plant-based food maker Beyond Meat Inc (NASDAQ: BYND) have lost around 40% of their value since peaking at $239.71, and investors should buy the dip, according to JPMorgan.
Europe has managed modest gains, with the Euro Stoxx up 0.9% as bourses there benefit from a buy the dip mentality.
'Resistance at 8,000 will be strong, especially with negative GDP (gross domestic product) surprise and tepid first-quarter earnings, but so too will be local investors' 'buy the dip' mentality,' Franco said.
On Tuesday investor latched firmly onto the news that the situation had "de-escalated"and the 'buy the dip mentality' truly kicked in.
''The stock gods decided to buy the dip on Tuesday, a day after the biggest sell-off in about three months,'' said Jon Ogg at 24/7 Wall St.
From here it looks to be consolidating but the sentiment to buy AUD seems to be helping AUD/JPY however traders seem more content to buy the dip rather that get too excited at current levels.
Occidental Petroleum Corporation (NYSE:OXY) has seen its stock fall around 33% since announcing the acquisition of Anadarko -- and investors shouldn't buy the dip, according to JPMorgan.
The analyst says that while he's not making a buy the dip call, he's not overly concerned, at present, that "financial forecasts will be impacted by the fallout from recent events." He believes, however, that Steve Wynn's influence on operations, the brand, and the investment community "is more pronounced than that of the majority of his peers." As such, if Wynn were to step down, there would be an impact, over time, on the operations of Wynn Resorts, Santarelli tells investors in a research note titled "Taking a Step Back to Evaluate the Bigger Picture." The analyst is not speculating on whether such an event will take place, however.
USD-JPY meanwhile, topped at three-month highs of 114.24, and remains in buy the dip mode following Abe's reelection.