Tech & Energy Surge – Is the Rally Just Beginning?

Best Stocks to Buy and Hold in December 2024 | The Motley Fool

The final stretch of December is heating up as major stocks from the tech and energy sectors grab headlines. With the S&P 500 hovering near its all-time high, investors are watching closely to see if these key stocks will drive a year-end rally.

Top Stocks to Watch Today:

1️⃣ NVIDIA (NVDA) $NVIDIA(NVDA)$ : NVIDIA continues to dominate as the AI boom accelerates. The stock has surged +10% in December alone, driven by record demand for its H100 GPUs. Analysts from Morgan Stanley have revised their target to $600 by Q1 2025, citing strong cloud AI infrastructure spending.

Can NVIDIA continue its upward trajectory to hit $700 in 2025?

2️⃣ Apple (AAPL) $Apple(AAPL)$ : Apple announced new AI-powered updates to its iPhone lineup, leading to a 2% intraday jump. Investors are optimistic about the January earnings report, expecting strong holiday sales for the iPhone 15 Pro series.

Will Apple’s AI advancements push the stock to $220?

3️⃣ ExxonMobil (XOM) $Exxon Mobil(XOM)$ : Oil prices rebounded above $75 per barrel, and ExxonMobil is benefiting from the price surge. Goldman Sachs forecasts further gains as energy demand recovers. Exxon’s stock is trading at a solid dividend yield of 3.5%, making it attractive for long-term investors.

Can ExxonMobil surpass $120 as oil prices climb further?

Stock Performance of NVIDIA, Apple, and ExxonMobil YTD

Key Metrics of Top Stocks to Watch

Discussion Questions:

🔸 Which of these stocks do you think will drive the next market surge?

🔸 Is NVIDIA’s AI dominance sustainable into 2025?

🔸 Are energy stocks like ExxonMobil a hidden gem for long-term investors?

Disclaimer:

The content provided is for informational purposes only and does not constitute financial advice. Please conduct your own research before making any investment decisions.