All global sectors are oversold – BofA
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 11 2025
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Source: SeekingAlpha
Oversold Global Sectors: According to BofA Securities, all global sectors are currently oversold, with materials leading at 11% below its 200-day moving average, followed closely by information technology and energy sectors.
Real Estate Performance: The real estate sector remains in the red, down 4.3% year-to-date, but shows minimal change compared to other sectors, indicating a more stable position despite being oversold.
Analyst Views on MXI
Wall Street analysts forecast MXI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MXI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 106.450
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Current: 106.450
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
