Of all the bearish indicators in technical analysis, perhaps none is more terrifying than the death cross.
In bearish stocks, a trend confirmation pattern appears when the short-term 50-day moving average falls below the 200-day moving average, suggesting that a bearish price action may be in the offing.
And while sharp pullbacks and corrections can often indicate an upcoming price decline, a possible reversal, and trigger a buying opportunity, a death cross—in most cases—can signal that bearish momentum is strengthening.
That is possible at Hertz Global Holdings NASDAQ: HTZ and Kinross Gold NYSE: KGCas feelings, measurements, and foundations support what the cross of death has already suggested. For investors hunting for value buys, consider leaving these two stocks on your watch list.
Hertz: Downsizing, Downsizing, and Slashed Profit Outlook
Hertz Global Today
Hertz Global
As of 07/9/2026 04:00 PM Eastern
- 52 week interval
- $1.93
▼
$8.44
- Target Value
- $4.75
Hertz has been here before, and not long ago.
The previous occurrence of the death cross pattern on Hertz’s one-year chart was on Nov. 28.
That was followed by a 26% loss before the stock bottomed out and extended its year-to-date gain on April 20.
But a number of things—many of them left over from the cross of death—came to a head in Q2. Hertz lowered its guidance to $50 million to $80 million as weak used car prices put downward pressure on its rental fleet. At the same time, investor sentiment has soured as the company raised capital through a $350 million debt package and a $100 million debt-related offering, which included more than 37 million borrowed shares and raised concerns about leverage and capital cuts.
Those trends culminated in a one-day loss of 41% on June 24. Then, in early July, a second death cross appeared on Hertz’s one-year chart.
The stock recently hit a 52-week low after losing nearly 60% in the past month alone, and nearly 70% over the past year. Since its five-year high in November 2021, HTZ has fallen more than 94%.
Hertz has missed 10 of its last 13 bucks. In Q1, the company reported a 92% year-over-year decline in operating cash flow growth, while earnings per share (EPS) growth fell more than 130% last quarter.
On June 30, Morgan Stanley lowered its price target on Hertz from $5 to $3.50. The stock holds a consensus Bearish rating, short interest now exceeds 17% of the float, and HTZ now sports a beta of 2.2, suggesting that its recent volatility is not yet in the rearview mirror.
As Gold Falls, So Does Kinross
Kinross Gold Today
Kinross Gold
- 52 week interval
- $15.04
▼
$39.11
- Dividend Yield
- 0.66%
- The P/E ratio
- 10.26
- Target Value
- $37.81
Since early 2024, Kinross Gold has shown record gains in the precious metal market.
That annual rally was good for gold stocks overall, but it was particularly beneficial for Kinross, which operates six active gold mines in Brazil, Mauritania, and the United States.
The stock gained more than 550% from Jan. 2024 to Jan. 28, 2026, when we reach the highest point (ATH).
But Q2 told a different story. After gold prices suffered their worst quarterly performance in 13 years, Kinross fell out of favor with commodity traders.
Since its ATH, the stock has fallen more than 39%, and on the last day of June, a death cross appeared on KGC’s one-year chart:
With Kinross’ performance closely tied to the price of gold, the stock sold off alongside the precious metal as investors locked in profits following a multi-year rally. Gold is now mired in a bear market as it rebounded against the US dollar, and rising inflation has led to speculation about an interest rate hike that, if it happens, will continue to prompt investors to turn away from the metal and into yield-producing securities.
Kinross beat earnings in 13 of the last 14 quarters, and for 2025, the Toronto-based mining company reported earnings, revenue and free cash flow. But the company’s forward production guidance is much lower at about 2 million ounces a year through 2027.
At the same time, CapEx grew more than 56% from $764 million in 2022 to nearly $1.2 billion last year. Despite the Average Buy rating, short interest is currently 26% higher than last month, while institutional sales have increased in four of the last five quarters.
Before you consider Hertz Global, you’ll want to hear this.
MarketBeat tracks Wall Street’s top and most effective research analysts and the stocks they recommend to their clients every day. MarketBeat identified five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Hertz Global wasn’t on the list.
Although Hertz Global currently has a Reduce rating among analysts, senior analysts believe these five stocks are a better buy.
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