“S&P 500 to 8,000? A Brutal Market Reversal Ahead | Gareth Soloway”
The speaker bought small amounts of NEE, an energy stock under strong selling pressure since its April peak; NEE reached $98.50 and recently hit a low near $75. He is betting on a short-term rebound for these damaged energy stocks, including NEE.
Well, I started by buying small amounts of shares such as NextEra Energy (NEE). As you know, these types of stocks have been under strong selling pressure since their peak levels in April.
The price of this stock has reached $98.50, and recently hit a low of around $75. Therefore, I am betting on a short-term rebound for these damaged stocks, which are these energy stocks.