Community favours IT, Energy and Infrastructure stocks but shuns Banking sector
A review of Stock Picks made on moneyvidya.com over the over the last week shows a tendency for the community to pick IT, Energy and Infrastructure stocks as long term Buys while recommending selling banking stocks in the short term.
IT and Technology stocks have received the most positive attention of late with 18% of all Buy picks made this week being made on stocks in this sector. Not a single sell recommendation has being made on a technology stock.
Energy and infrastructure has also been a popular sector for Buy picks over 6 months in timeframe, although less so in the short term.
Banking and Financial Services stocks, traditionally one of our most active sectors, have witnessed a downturn in popularity since the budget with the majority of picks with a timeframe less than a month being Sell recommendations. This is the first time we have seen a short term selling consensus in this sector.
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