💰 Stocks to Watch Today? (4 Dec)

🌟 Key Market News & Movements

As December kicks off, market momentum from November’s rally continues. The S&P 500 has already gained 5% in the last month, setting a strong tone for a potential Santa Rally. Let’s dive into the sectors to watch:

1. Technology: Tech remains the hottest sector. Stocks like Apple (AAPL) $Apple(AAPL)$ and Nvidia (NVDA) $NVIDIA Corp(NVDA)$ have been driving indices higher with their AI-driven innovation stories.

2. Energy: OPEC+ discussions could drive oil price volatility, impacting stocks like ExxonMobil (XOM) $Exxon Mobil(XOM)$ and Chevron (CVX) $Chevron(CVX)$ .

3. Financials: Central bank guidance ahead of U.S. Federal Reserve and ECB meetings may influence financial giants like JPMorgan (JPM) $JMP Group LLC(JMP)$ and Goldman Sachs (GS).

📊 Sector Performance Overview

Here's a quick look at how major sectors have performed in the past month:

S&P 500 Sector Performance (November 2024)

1. Technology: +8.5% 📈

2. Energy: -3.2% 📉

3. Financials: +4.7% 📈

4. Consumer Discretionary: +5.9% 📈

Source: Bloomberg, 1-Month Sector Data

📉 Potential Stock Breakouts

1. Marvell Technology (MRVL) – After a 34% jump in recent weeks due to its AI chip success, MRVL is expected to continue its bullish momentum. Keep an eye on its next resistance at $112, as breaking past it could drive further gains.

1. Tesla (TSLA) – Cybertruck deliveries are fueling retail excitement. A sustained push above $300 could lead to a rally into Q1 2025.

💡 Trading Opportunities & Plans

• Bullish Play on Tech: Continue riding the momentum in semiconductors and AI-related stocks like MRVL and NVDA.

• Defensive Energy Play: Energy ETFs could serve as a hedge if OPEC surprises with a production cut.

• Swing Trade Opportunities: Banking and financial stocks offer high volatility; watch for potential pullbacks before the Fed’s next move.

📝 Discussion Points

• Which sector will lead the December rally: Tech or Financials?

• Are we in for a year-end bull run, or should we brace for profit-taking?

• How are you adjusting your portfolio for potential volatility?

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