These stocks are overbought with S&P 500 near record highs and are vulnerable to pullback

These stocks are overbought with S&P 500 near record highs and are vulnerable to pullback

Stocks such as eBay and Intel are among Wall Street’s most overbought names this week and could see a pullback ahead, according to one popular technical metric. Each of the three major U.S. indexes hit all-time highs this week. The records followed improved investor sentiment after fresh consumer inflation data supported hopes for an interest…

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EWIT urges shareholders to reject Boaz Weinstein’s board shake-up plan

EWIT urges shareholders to reject Boaz Weinstein’s board shake-up plan

Edinburgh Worldwide Investment Trust, a Baillie Gifford-run technology-focused fund, is calling on shareholders to throw out a plan by Boaz Weinstein’s activist investment fund Saba Capital to overhaul its board of directors. The EWIT board said on Wednesday it would “strongly urge” shareholders to reject a plan by the U.S. hedge fund — which holds…

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