Due to the fomc stocks are generally having retracements. I will recommend 1 and only 1 must buy stock sure go up after fomc is done this week:
Nvidia
Ok most stocks will go up actually but this stock is the safest bet of all
I have been monitoring Nvidia for 2 months every day and have traded it for some time.
It has ticked all my checkboxes which are:
1) strength of stock (very strong)
2) market bullish sentiment
3) new ai chip ready to ship
4) fomc won't be raising rates despite's the inflation data and there's very high chance they will cut rates in June which means Nvidia will be more expensive than current price
5) positive news no negative news
6) recently even when the cpi data was bad and market overreacted, it fluctuates between 880-900 now it is still standing at 888 Even when new ai chipn was announced!the only thing holding this back is fomc. So it is definitely a buy
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