Will Tesla hit $300? Choose AI or old favorites like Apple?
$Apple(AAPL)$ and $Tesla Motors(TSLA)$ led market surge yesterday and Apple's market cap returned to $3 trln.
Will Tesla fill the gap in $280 and head to $300 in the year end?
Apart from Apple’s strong momentum, investors believe Tesla has shown strength and may potentially fill the gap at 280.
If Tesla rises to 280, it could further climb to the 52-week- high of $300.
Whether big tech will continue to lead the market surge next year?
The stock market surge is concentrated in top stocks. Excluding Magnificent 7, $S&P 500(.SPX)$ would only see a 9% gain this year instead of 19%.
According to the 2024 outlook,
Most institutions are optimistic about the profit growth of the tech giants and the further rise of stock prices.
They look forward to the breakthrough of AI and its application of cross-industry.
Will you take profit or keep holding $Apple(AAPL)$ ?
Can $Tesla Motors(TSLA)$ head to $300 and reach 52-week-high before the year-end?
Will you add big tech amid pullback in Dec.?
Leave you comments and also post to win tiger coins!
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🌟🌟🌟Just when you think that $Microsoft(MSFT)$
will overtake $Apple(AAPL)$
as the most valuable company in the world, Apple jumped to reach USD 3 Trillion in market capitalisation.
Apple is the Top of the Chart for a reason. It has a wide brand moat and a unique ecosystem that makes it hard for the user to switch. Apple is also the top holding for Warren Buffett at 50% weightage in Berkshire Hathaway's portfolio.
Will I sell Apple and take profit?
While it is tempting to do so, I ask myself whether its fundamentals have changed and the answer is crystal clear. Apple is a profitable company, with a rock solid balance sheet and an excellent management team under Tim Cook.
In the short term, the market is a voting machine. However in the long term, it is a weighing machine. Apple is my forever stock!
@Tiger_comments @TigerStars @TigerClub @Tiger_SG
If Tesla rises to 280, it could further climb to the 52-week- high of $300.
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