Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Wells Fargo Indicator Flashes Buy Signal After Stock Turbulence
Business & Finance

Wells Fargo Indicator Flashes Buy Signal After Stock Turbulence

Bloomberg Markets Tuesday 20 October 2026, 16:13 UTC By Emily Forgash 1 min read
Key Points

Wells Fargo Indicator Flashes Buy Signal After Stock Turbulence Wells Fargo & Co.’s sentiment indicator is giving a “buy” signal for the first time since June 2025, suggesting that US stocks have fallen to attractive levels after a slide fueled by worries over artificial intelligence and elevated oil prices. Past “buy” signals have seen the S&P 500 Index rise an average of 6.5% over the next three months 89% of the time, analysts led by Chief Equity Strategist Ohsung Kwon wrote. While...

Wells Fargo Indicator Flashes Buy Signal After Stock Turbulence Wells Fargo & Co.’s sentiment indicator is giving a “buy” signal for the first time since June 2025, suggesting that US stocks have fallen to attractive levels after a slide fueled by worries over artificial intelligence and elevated oil prices. Past “buy” signals have seen the S&P 500 Index rise an average of 6.5% over the next three months 89% of the time, analysts led by Chief Equity Strategist Ohsung Kwon wrote. While semiconductor shares are likely to remain range-bound, hyperscalers and infrastructure software names will lead the market higher, they added.
Wells Fargo (ORG) Wells Fargo & Co.’s (ORG) US (LOCATION) Ohsung Kwon (PERSON)
Originally published by Bloomberg Markets Read original →

Related Stories

Nige seems tired and bored of himself as Kemi conjures a telepathic budget

The Tory leader has glimpsed the future and it involves Labour putting every last UK citizen on benefitsUK politics live – latest updatesIf you’re worried about next week’s budget, then now is your time to chill out. Because Kemi Badenoch has all the answers. The chancellor, John Healey, has been living rent free in the leader of the opposition’s head for the past few weeks.

The Guardian UK 9m ago

What Amazon must do to get its stumbling stock back to record highs and beyond

Only a couple of months ago, Amazon's comeback rally looked unstoppable — until it was. With a huge post-earnings boost, Amazon shares closed at a record high of $284 each on Aug. 3 — an increase of nearly 45% from its 52-week low back in February. It looked like $300 and beyond was just a formality.

CNBC 16m ago

GM Slides as CEO Barra Warns of ‘Intensifying’ Challenges

Oct 20th, 2026 GM Slides as CEO Barra Warns of ‘Intensifying’ Challenges General Motors Co. shares fell as shareholders focused on a narrower profit outlook despite plans for another $20 billion in stock repurchases. The company now sees 2026 adjusted earnings before interest and taxes in a range of $14.5 billion to $15.5 billion, compared with the $14 billion to $16 billion range it projected in July. Bloomberg's Craig Trudell joins to discuss.

Bloomberg Markets 18m ago

Don't put your phone in the TSA bin — do this instead

Don't put your phone in the TSA bin — do this instead Let's be honest, TSA bins are just gross. After years of traveling with a small arsenal of tech — usually a phone, iPad, laptop and a portable gaming console — I like to think I'm pretty efficient when it comes to taking them out of my bag at TSA checkpoints. But it's still a pain to hastily repack them while also putting on my shoes, grabbing my belt and just trying not to hold up the line of people behind me in the process.

Engadget 20m ago