Due to the fomc stocks are generally having retracements. I will recommend 1 and only 1 must buy stock sure go up after fomc is done this week:
Nvidia
Ok most stocks will go up actually but this stock is the safest bet of all
I have been monitoring Nvidia for 2 months every day and have traded it for some time.
It has ticked all my checkboxes which are:
1) strength of stock (very strong)
2) market bullish sentiment
3) new ai chip ready to ship
4) fomc won't be raising rates despite's the inflation data and there's very high chance they will cut rates in June which means Nvidia will be more expensive than current price
5) positive news no negative news
6) recently even when the cpi data was bad and market overreacted, it fluctuates between 880-900 now it is still standing at 888 Even when new ai chipn was announced!the only thing holding this back is fomc. So it is definitely a buy
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.
