Congress was able to reach an agreement on a Covid-19 relief bill Sunday evening after politicians from both political parties received their first dose of the coronavirus vaccine.
Stocks are enjoying a "Santa Rally" as the year comes to a close while other stocks have not fared too well this past week. Could now be the time to "buy the dip" in stocks that fell this past week?
Here are several stocks that fell this past week and could present an opportunity to "buy the dip".
1. Virgin Galactic | -25.59% 5 day | +5.53% 1 Month
2. Occidental Petroleum | -11.35% 5 day | +43.90% 1 Month
Oil stocks were rising earlier in Dec. after the OPEC+ production accord. Tesla moving into the S&P 100 will knock out Occidental Petroleum (OXY) - Get Occidental Petroleum Corporation Report when it joins at the start of trading Monday.
TheStreet Quant Ratings rates Occidental Petroleum as a Sell with a rating score of D.
3. Moderna | -10.64% 5 day | +57.76% 1 Month
Moderna was named the third-best stock in 2020 in TheStreet's Stock of the Year rankings. Donald Trump jumped the gun and tweeted Moderna received its approval early Friday but the FDA had to push back on the approval, sending shares down.
Moderna finally received approval for emergency use for its vaccine on Saturday.
TheStreet Quant Ratings rates Moderna as a Hold with a rating score of C.
4. Pfizer | -8.37% 5 day | +24.81% 1 Month
TheStreet Quant Ratings rates Pfizer as a Buy with a rating score of B-.
5. United Airlines | -7.49% 5 day | +8.99% 1 Month
TheStreet Quant Ratings rates United Airlines as a Sell with a rating score of D+.
6. AstraZeneca | -7.48% 5 day | -7.00% 1 Month
AstraZeneca (AZN) - Get Astrazeneca PLC Sponsored ADR Report agreed to a takeover of Alexion Pharmaceuticals for $39 billion. This comes after a study found its vaccine candidate 'safe and effective'.
TheStreet Quant Ratings rates AstraZeneca as a Buy with a rating score of B.
7. Cigna | -5.86% 5 day | -6.57% 1 Month
TheStreet Quant Ratings rates Cigna as a Buy with a rating score of B.
NOTE: Recently, Quantitative Analysis by TheStreet Quant Ratings objectively rated these stocks according to its risk-adjusted total return prospect over a 12-month investment horizon. Not based on the news on any given day, the rating may differ from Jim Cramer's view or that of this articles' author.
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