Nutanix stock saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 72 to 81. IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
Generation Investment Management, an investment management firm, released its “Global Equity Strategy” second quarter 2024 investor letter. A copy of letter can be downloaded here. The strategy’s recent net performance was behind market averages. Since the fund’s inception, the strategy has underperformed for about 8% of the time on a rolling five-year basis. Several factors […]
Based on the average brokerage recommendation (ABR), Nutanix (NTNX) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?