Patterson-UTI Up 4.9 percent Since Last Earnings Report Can It Continue?
| SBITOP Index | 1,653 7.68 0.46% |
About 62% of Blue-Chip SBITOP's investor base is looking to short. The analysis of the overall investor sentiment regarding Blue-Chip SBITOP suggests that many traders are alarmed. The current market sentiment, together with Blue-Chip SBITOP's historical and current headlines, can help investors time the market. In addition, many technical investors use Blue-Chip SBITOP index news signals to limit their universe of possible portfolio assets.
Patterson-UTI reported earnings 30 days ago. Whats next for the stock We take a look at earnings estimates for some clues.
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Blue-Chip SBITOP Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Blue-Chip SBITOP index to make a market-neutral strategy. Peer analysis of Blue-Chip SBITOP could also be used in its relative valuation, which is a method of valuing Blue-Chip SBITOP by comparing valuation metrics with similar companies.
Peers
Blue-Chip SBITOP Related Equities
| RIG | Transocean | 2.33 | ||||
| AMGN | Amgen | 1.00 | ||||
| ALVO | Alvotech | 0.60 | ||||
| TFX | Teleflex Incorporated | 0.44 | ||||
| AWLCF | Awilco Drilling | 0.00 | ||||
| DKDRF | Delek Drilling | 2.20 |