Short-term pains for long-term growth

pekss
08-10

$Tesla Motors(TSLA)$  'S recently announced earnings results have disappointed the market, while a delay in the launch of its robotaxi has disillusioned investors. Nevertheless, the earnings bar is also arguably high, as investors look to justify Tesla's buoyant stock price. I remain convinced with Elon Musk's vision to transform the EV market leader into an artificial intelligence colossus over time. Meanwhile, the company witnessed its soaring energy storage sales, and focused investors' attention on a future filled with its humanoid robots now in development. Prevailing short-term price weakness may present an opportunity to accumulate for long-term growth.

Big techs like $Microsoft(MSFT)$ $Apple(AAPL)$ $Alphabet(GOOG)$  and $Meta Platforms, Inc.(META)$ have suffered the brunt of recent tech selloffs, after relatively underwhelming earnings results. However, I believe that the panic selling and chain reaction are overdone; with high expectations, it is inevitable that even seemingly good results fail to impress the market. With their fundamentals remaining strong and given their strong market dominance and leadership in their respective businesses, I'm confident that their stock prices will recover over time and I'm optimistic that Microsoft, Apple, Alphabet and Meta Platforms will drive their stock prices to greater heights. For now, their recent price weaknesses offer an opportunity for me to gain exposure to the strength of these big techs.

@TigerWire @MillionaireTiger @CaptainTiger @TigerStars @VideoLounge 

πŸ’° Stocks to watch today?(20Β Dec)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • VivianChua
    08-11
    VivianChua
    Nice πŸ’š πŸ’š πŸ’š
Leave a comment
1
1