Sen. Josh Hawley, R-Mo., speaks during the confirmation hearing for Supreme Court nominee Amy Coney Barrett, before the Senate Judiciary Committee, Wednesday, Oct. 14, 2020, on Capitol Hill in Washington. (Ken Cedeno/Pool via AP)
NEW YORK (AP) — Sen. Josh Hawley is working on a book about one of the Missouri Republican’s ongoing targets.
Simon & Schuster announced Friday that Hawley’s “The Tyranny of Big Tech” will be released June 21. Hawley has frequently criticized Facebook, Twitter and other social media giants for everything from alleged anti-conservative bias to monopolistic control of the online market.
“At a time when these platforms are determining elections, banning inconvenient political views, lining politicians’ pockets with hundreds of millions of dollars, and addicting our kids to screens, I want to draw attention to the robber barons of the modern era,” Hawley said in a statement. “This is the fight to recover America’s populist democracy. That is why I am writing this book.”
Earlier this week, Hawley attacked Facebook and Twitter for limiting the spread of an unverified political story about Hunter Biden, son of Democratic presidential candidate Joe Biden, that was published by the conservative New York Post. Soon after he was elected Missouri’s attorney general, in 2016, he launched investigations into Facebook and Google for alleged antitrust and consumer protection violations.
10 Oversold Stocks That Are Ready For a Comeback
A fundamental concept of investing is to buy stocks at a value. One strategy used by investors is to focus on stocks that are oversold. Fundamental analysis can give investors an idea of certain stocks to look at. However, momentum is also important. For that reason, investors look for technical indicators to help them find oversold stocks that might be ready for a comeback.
One of the most popular tools is the Relative Strength Index (RSI). The RSI is a momentum indicator that measures the velocity and magnitude of price movements. The index also compares them with the magnitude of average gains and average losses.
The formula for calculating RSI is as follows:
RSI = 100 – ( 100 / 1 + RS)
Where RS (Relative Strength) is the average gain divided by the average loss.
Investors can use virtually any timeframe they wish. One of the most common is a 14-day RSI. Decreasing the number of days makes the RSI more sensitive to price changes. Conversely increasing the number of days makes the indicator less sensitive to price changes.
Investors may have different overbought or oversold indicators, but standard benchmarks are a stock may be overbought if its RSI exceeds 70 and may be oversold if its RSI exceeds 30.
The stocks in this presentation are chosen for a variety of fundamental and technical indicators. And all the stocks have been affected in one form or another by the Covid-19 pandemic.
View the “10 Oversold Stocks That Are Ready For a Comeback”.