Teradyne (TER) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
The stock market had another day of intraday volatility on Thursday, with early gains evaporating for major market benchmarks. The Dow Jones Industrial Average (DJINDICES: ^DJI) managed to finish within spitting distance of the unchanged mark, but the further down the market capitalization spectrum you go, the worse various indexes fared. The S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were successively worse, and small-cap stocks were down more than 2%.
The stock price decline comes despite Teradyne reporting better-than-expected fourth-quarter results. Here's what investors should know.