Tech Stocks Pullback: What's Next?

After the start of the new year, tech stocks came under pressure, with IXIC dropping by 1.63%. NVDA witnessed a 2.73% decline, Meta fell by 2.17%, and both MSFT and AMZN experienced a drop of over 1%. ------------- Where might tech stocks pull back to? At whar price will you add tech stocks?

avatarJC888
2024-01-05

Santa rally crashed. Sell TSLA, BX, PYPL now?

Crashing Santa Rally? Santa Rally came to a splutter on Wed, 03 Jan 2024, last day of the measuring period — 22 Dec to 03 Jan. (see above) Hmmm, this does not bode well for US market, I say. Of the 2 catalysts that were supposed to help US market rally, one of them is not doing its job. For November 2023, there were 8.79 million jobs opening, a slight decrease from revised October 2023 data of 8.852 million. Actual jobs opening is also lower than Wall Street forecast of 8.85 million. In fact, November’s data is the lowest since March 2021. reflecting a continued cooling in the labour market to end 2023. The latest JOLTS data should be music to the Fed officials. This is because it is another step toward “healthier” labour market conditions. Incidentally, the November JOLTs report also show
Santa rally crashed. Sell TSLA, BX, PYPL now?

BIG TECH WEEKLY | What makes the success of Big-Techs in 2023?

Big-Tech’s PerformanceMarket’s in drawdown mode in the first week of 2024, starting with big-techs, which had benefited greatly in 2023. Crowded trading due to overlap of various factors may exacerbate the speed and extent especially in downturn. At the same time, risk aversion’s coming back, there has been a clear sector rotation in the stock market.As of the close on January 4th, big tech stocks experienced varying degrees of pullback over the past week. Among them, $Tesla Motors(TSLA)$ had the largest decline at -8.99%, followed by $Apple(AAPL)$ at -5.82%, $Amazon.com(AMZN)$ at -5.72%, $Meta Platforms, Inc.(META)$ at
BIG TECH WEEKLY | What makes the success of Big-Techs in 2023?
avatarDoTrading
2024-01-05

"Slow Start to 2024 Continues..."

Yesterday's Session - The $DJIA(.DJI)$ inched up by 10 points (0.03%), while the $S&P 500(.SPX)$ and $NASDAQ(.IXIC)$ slid by 0.3% and 0.6%, respectively. - Both the S&P 500 and Nasdaq have recorded multiple days of decline, with the former down for four consecutive sessions and the latter falling for five straight days. Index Key Events Investors await jobs report, hoping it can reverse the slow start to 2024. The labor market has displayed unexpected resilience. The Bureau of Labor Statistics is expected to report an addition of 160,000 jobs in December. Some forecasts, such as Morgan Stanley's and EY's, predict higher figures, with Bloomberg Economics'
"Slow Start to 2024 Continues..."
avatariceandwater
2024-01-05
The first one was the best and 
avatarcheezzy
2024-01-05
$Alphabet(GOOGL)$ $Alphabet(GOOG)$ confirmation that continued call selling is warranted for rest of year.. this stock is a dog and earnings wont be great.. I don't think there is much upside from here and a lot of trouble ahead.. Who knows.. Once again I left a huge profit on the table not selling calls at the 142 level or above 140[Weak][Weak][Weak]
avatarmelson
2024-01-05
$NASDAQ 100(NDX)$ made 9 consecutive weekly gains, usually 5 is the norm. when gains exceed 5 consecutive gains, the pullback will usually be very sharp. hence, looking at the pnf chart, a pullback to 14,500 is possible. this is coupled with market being disappointed with fed official's estimated rate cuts in end of 2024 rather than mar 2024. it is expected that us economy will fall into recession in the first half of 2024. $Apple(AAPL)$  fell with great downward momentum. we might be looking at 173.  $Microsoft(MSFT)$  might be revisiting325. tech stocks are very sensitive to interest rates. sinc
avatarnewtoUS
2024-01-05
Jus buy more to hold. 
avatarLucky 888
2024-01-05
[微笑]  [开心]  [财迷]  
avatarorsiri
2024-01-04

Navigating Tech Turbulence: A Symphony of Stumbles or the Prelude to a Profitable Waltz?

Worry not, esteemed investors, for the recent ripples in the tech realm are akin to a minuscule hiccup, a mere cha-cha before the grand ball of 2024's bullish festivities. While the Nasdaq's 1.63% dip and VVDA's 2.73% nosedive may have your portfolio attempting the robot, rest assured – it's merely refining its footwork for the upcoming techno-tango. Now, addressing the elephant in the room, or rather, the Meta in the metaverse. A 2.17% descent may have some fretting about Zuckerberg's latest venture into virtual reality, but remember, even Mark occasionally slips on a pixelated banana peel. Microsoft and Amazon, with their 1% descents, are merely catching their breath after indulging in holiday shopping sprees. Picture them loosening their belts post a hearty serving of eggnog and server
Navigating Tech Turbulence: A Symphony of Stumbles or the Prelude to a Profitable Waltz?
avatarJediRebel
2024-01-04
Next is tech stock bull runs 📈🚀 To the moon 🌙 🚀🚀
avatarLeonP
2024-01-04
Boat is back [Happy]  
avatarInvestorpw
2024-01-04
Will do dollar cost averaging 
avatarwobi
2024-01-04
Just buy on average weekly basis ...
avatarVideoLounge
2024-01-04
[2024 is the year AI goes from concept to product, says Ritholtz's Josh Brown] Josh Brown, CEO at Ritholtz Wealth Management, joins 'Closing Bell' to discuss the dip in tech stocks and finding value in stocks outside of the 'Magnificent 7'.] $Amazon.com(AMZN)$ $Microsoft(MSFT)$
avatarJacksNiffler
2024-01-04

Big-Techs' Dip: Why dig Amazon First?

$Amazon.com(AMZN)$ is the large tech company that I may consider investing in during this market pullback. Amazon has a strong position in the e-commerce and public cloud sectors, and it is a leader with tremendous growth potential in the future. The company has built a global logistics network to support its growth and has diversified its business into multiple areas, including financial services, providing good opportunities for future growth.Key PointsFrom a valuation perspective, the potential for increasing profit margins and strong fundamentals further support its stock price.Key growth areas: potential growth in e-commerce and financial services.Cloud business: due to AWS's dominant position in the public cloud sector and Q3 showing signs o
Big-Techs' Dip: Why dig Amazon First?
avatarRobinChanKH
2024-01-04
Will enter at a undervalued price. Currently the price is still considered overvalued at the moment. Meanwhile, use options to take some $$$ and strike again when they turn bullish using indicators... 
avatarShyon
2024-01-04
Personally, I think the pullback since early this year is pretty healthy and insignificant if we compared the drop to the rally during the past two weeks. Nothing much to worry about. The correction .ight continue for short term but I believe 2024 will be a great year for technology stocks [Call]  [Call]  [Call]  [Eye]  [Eye]  [Eye]   due to the recovery sign announced by Micron early in December during its earnings call. The worst was over for technology stocks and I believe most of the technology related stocks will have a massive rally in the year of 2024. How do you think? [Happy]  [Happy]  [Happy]  [Miser]  [Miser]  [Miser]  [Cry]  [Cry]  [Cr
avatarJacksNiffler
2024-01-04

Which Big Tech Stock to Pick First?

Obviously, the prominent big tech companies (the "Magnificent Seven") that performed well last year have started to pull back. The stacking of investors' trades often leads to more pronounced downward movements, as an increasing number of quantitative trades, including traditional active funds, have similar risk exposures in these big tech stocks, as well as similar factor exposures.The valuation is certainly one of the important factors. After the crazy surge in 2023, the valuations of several major tech stocks are not low. However, in comparison, $Alphabet(GOOGL)$ $Alphabet(GOOG)$ $Amazon.com(AMZN)$ , and $Meta Platforms,
Which Big Tech Stock to Pick First?
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