American Tower Corporation
לונג

AMT Near Support with Solid Enough Fundamentals

16
Today, I recheck my stock portfolio and open up some liquidty and look for new trade options. AMT catch my eye. Forward P/E is falling, below historical averages, nice earnings report, weaker investment, incoming rate cuts. Not a perfect stock pick overall but it is hard to catch perfect stocks at low prices. There was some insider trading, mostly in the first half of the year but it seems to be ended after July and price fell around 20%. I think the downward pressure might end and despite the rate cut for December is not a sure thing, FED is still in cutting cycle.

Technically, AMT is at a good place, close to key support. It has low - risk higher return potential. I will switch it with GS that I took profit from.

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