In the first half of 2024, although the Federal Reserve did not start a rate-cutting cycle, U.S. stocks are still rising thanks to firm ๐ macro data and AI ๐ค-led market trends.
However, it is worth noting that tech stocks performed much better than the broader market, especially the big tech stocks led by NVIDIA, which contributed almost all of the index's gains, while the indexes other than the big tech stocks saw outflows, thus making trading more concentrated.
The two most important features are: 1. reporting technology stocks ๐จโ๐ป๐ฉโ๐ป and 2. speculative meme stocks ๐ธ.
Here are the 10 most popular U.S. stocks in the Tiger community for the first half of 2024:
1. Tesla (TSLA) ๐๐
Tesla experienced several key events in the first half of 2024. The company's performance encountered a number of challenges in a general countercyclical environment for new energy vehicles as a whole, including an arson attack on the Berlin Superfactory and a Red Sea conflict that impacted delivery numbers. However, Tesla accelerated the pace of vehicle deliveries in the second quarter through its efforts and had a strong performance in China. a visit by Musk to China at the end of April also actively contributed to the landing of FSD. And Cybertruck reached the milestone of producing 1,000 vehicles per week in March. $Tesla Motors(TSLA)$ $GraniteShares 1.25X Long TSLA Daily ETF(TSL)$ $Direxion Daily TSLA Bull 2X Shares(TSLL)$ $AXS Tesla Bear Daily ETF(TSLQ)$
Keywords: autonomous driving๐, electric vehicles๐, energy storage๐
2. Nvidia (NVDA) ๐ง ๐ป
Marker Events: NVIDIA continued to benefit from strong demand for artificial intelligence and high-performance computing in 1H 2024, with the release of its latest AI chip, the H300, attracting much attention and leading the market-wide focus. ai is being gradually transformed into the performance of listed companies at the core of the industry chain by the innovation boom and capital expenditure overseas. Meanwhile, the company's revenue in the data center and gaming markets continued to grow.
The superb results announced in May and the stock split in early June sent the company to the top spot in global market capitalization. $NVIDIA Corp(NVDA)$ $GraniteShares 2x Long NVDA Daily ETF(NVDL)$ $GraniteShares 2x Short NVDA Daily ETF(NVD)$ $NVIDIA Bear 1.25X ETF-AXS(NVDS)$
Keywords: artificial intelligence ๐ง , high-performance computing ๐ป, data center ๐ข
3. Apple (AAPL)๐๐ฑ
Markers: Apple continued to lead the market in hardware innovation with the release of its latest iPhone 16 and M4 chip in the first half of 2024. While iPhone sales suffered a slide at the start of the year and axed the car-making business, the services business showed strong growth, generating more recurring revenue for the company.
The company is once again gaining market traction after announcing its partnership with OpenAI at WWDC in June. $Apple(AAPL)$
Keywords: consumer electronics ๐ฑ, AI collaborations ๐ค
4. Faraday Future (FFIE) ๐๐
Markers: Faraday Future successfully initiated deliveries of the FF 91 in the first half of 2024. In addition, the company announced a new financing program to support future product development and market expansion.
The volatility of the company's stock price, though, is largely coming from the speculative frenzy led by MEME stock. $Faraday Future Intelligent Electric Inc.(FFIE)$
Keywords: new car delivery ๐, financing plan ๐ฐ
5. Game Stations (GME) ๐ฎ๐ฑ
Markers: GameStop continued to drive its digital transformation strategy in the first half of 2024, launching a series of new online platforms and services to attract more gamers and collectors. In addition, the Company underwent a management reorganization to improve operational efficiency.
The leader in meme stocks also saw a surge after Roaring Kitty's three-year comeback, although the time has come and gone, and the hype wasn't sustainable this time around as there weren't enough shorts to go around. But the company also made a wave of stock additions to replenish the company's cash flow through the share price surge. $GameStop(GME)$
Keywords: digital transformation ๐, meme craze ๐ฑ, stock additions ๐
6. Supermicrocomputer (SMCI)๐ง๐ก
Markers: Ultra Micro Computer released a number of new high-performance processors in the first half of 2024, addressing a wide range of needs from data centers to the PC market. The company's presence in AI and cloud computing has also significantly improved its market position.
Sellers of shovels, which are seen as sellers of shovels due to being in NVIDIA's supply chain, also surged at the beginning of the year, outpacing NVIDIA since the beginning of the year as a choice for investors with a higher risk appetite. $SUPER MICRO COMPUTER INC(SMCI)$
Keywords: high performance computing ๐ง, nvidia industry chain ๐
7. Marathon Digital (MARA)๐ฐ ๐
Markers: Marathon Digital continued to expand its bitcoin mining operations in the first half of 2024, adding multiple new data centers and improving mining efficiency. The price of the Bitcoin ETF was volatile due to its approval.
However, receiving the impact of halving Bitcoin has made mining less efficient and reduced the current demand for electronic mining companies, which is also a challenge for the company. $Marathon Digital Holdings Inc(MARA)$
Keywords: Bitcoin Mining ๐ฐ, Digital Currency ๐ผ
8. Coinbase (COIN) ๐ฆ๐ฑ
Marker Events: With the market's interest in cryptocurrencies picking up, Coinbase launched several new products in the first half of 2024, including the Decentralized Finance (DeFi) platform and the NFT Marketplace. These new lines of business have generated new revenue streams for the company.
The approval of the Bitcoin ETF, as well as the big event of halving Bitcoin, have become the most important factors fueling the price of e-currencies, and as platforms naturally benefit from them. $Coinbase Global, Inc.(COIN)$
Keywords: Cryptocurrency Platforms ๐ผ, Bitcoin ETF ๐, Bitcoin Halved ๐ฝ
9. Semiconductor 3x Bull ETF (SOXL) ๐๐ก
Markers: The ETF benefited from strong demand in the semiconductor industry during the first half of 2024, particularly in the AI and 5G sectors. Outperformance from a number of constituent companies drove the ETF's overall returns. $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$
Keywords: Semiconductors ๐ก, Leveraged ETFs ๐ผ, Tech Stocks ๐ก
10. Advanced Micro Devices (AMD) ๐ง๐
Markers: AMD released its next-generation Ryzen and EPYC processors in the first half of 2024, further boosting its competitiveness in the consumer and enterprise markets. The company also announced a major partnership agreement to bring its chip technology to next-generation gaming consoles. $Advanced Micro Devices(AMD)$ $YieldMax AMD Option Income Strategy ETF(AMDY)$
Keywords: high-performance processors ๐ง, gaming consoles ๐ฎ, enterprise solutions ๐ข
Comments