Stocks to Watch for 30 May 23 From A.I. model
@nerdbull1669：
Today (30 May 2023) the premarket NASDAQ futures edge higher, reason might be due to Nvidia (NVDA) is still trending higher and have brought A.I. related stocks to rose as well. The news of a tentative debt ceiling deal agreement have also contributed to stocks in the S&P 500. I would expect the market to open higher as investors confidence is high as tech stocks rally in premarket and the time to get the debt ceiling raised passed in congress remain positive. Today, I think today my trading strategy would be into tech, A.I. and active pharmaceuticals stocks. Result from 26 May 2023. $Marvell Technology(MRVL)$ have performed well due to the A.I. boom as they are also gearing up their hardware and solution to support the A.I. industry. Here is the predicted result for today (30 May 23) We have $C3.ai, Inc.(AI)$ earnings report tomorrow post market, they have rose well in premarket due to the A.I. boom effect from Nvidia (NVDA). I would think they should be in a good position to continue the run into tomorrow. I would look at target Entry Price to be around $34-$34.30, if it goes below $34 I will check Bear strength , if go above $36 and maintain, AI could be headed above $40. You may want to look at how $Advanced Micro Devices(AMD)$ would be trading today as well. Sentiment Analysis of predicted result Half of the sentiments for these 5 stocks are positive (0 or above). This might explain why there is a nice surge in premarket. Summary Do take cautious in trading stocks that has risen on news, this might be a short term surge. I will monitor closely how it will be trading 1-2 hours in premarket before actual trading starts at 9.30am(EST). Appreciate if you could share your thoughts in the comment section how would you be trading today? Do like, share and comment on this article if you find this trading thought useful. @TigerStars @Daily_Discussion @Tiger_Earnings appreciate if you could feature this article so that fellow tiger would benefit from my investing and trading thoughts. Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.
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.
Like
Report
Login to post
No comments yet