Teradyne (NYSE:TER) — The semiconductor sector has been a leader this year, but TER has not participated and belongs to a group of stocks that should be sold.
One reason for its failure is that earnings are expected to fall to $1.38 (recent lower adjustment) this year versus $1.73 last year.
TER was last recommended as a short sale on Aug. 29 at $13. But its outlook has not improved, and a break under the quadruple-bottom at $11 should result in another massive decline. The trading target for TER is $8.
- See Sam Collins’ Daily Market Outlook: How to Survive This Market
- See Serge Berger’s Daily Market Outlook: The Market is Headed Lower, But When?
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