The bullish trend of Meta and Amazon is likely to continue as the stock market flashes a strong buy signal in the medium to long term. Positive signs pointed to a bright outlook for stocks in the coming year. Corporate earnings slide substantially higher and profits soar over 2025 and 2026. Thanks to the stellar GDP growth.
Meta is expected to rise far more than Amazon in 2024 given its faster growth, greater agility in deploying Generative AI and its less asset-intensive model.
If you invest for the long term, buying the dip on tech giants is a good strategy to minimise costs and increase potential returns. Tech giants are worth the bet, as many of these firms have growth plans that will act as a catalyst for the shares in both the near and long term.
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