Daily Hottest Stocks(11 Apr): Which one would you like to buy?
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๐ฐCheck the hottest stocks in the past 24 hours on our Tiger Trade app and other websites, to find a potential stock to buy! ๐ฐ
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1. The Most Searched Stocks in the Tiger Trade App
$Tesla Motors(TSLA)$ $NVIDIA Corp(NVDA)$ $Apple(AAPL)$ $Advanced Micro Devices(AMD)$ $Alibaba(BABA)$ $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $SUPER MICRO COMPUTER INC(SMCI)$ $Taiwan Semiconductor Manufacturing(TSM)$ $SPDR S&P 500 ETF Trust(SPY)$
2. The Hottest Stocks on different platforms:
$SPDR S&P 500 ETF Trust(SPY)$ $NVIDIA Corp(NVDA)$ $Rent the Runway, Inc.(RENT)$ $NASDAQ 100(NDX)$ $Mobile-health Network Solutions(MNDR)$ $Alpine Immune Sciences Inc.(ALPN)$ $Tesla Motors(TSLA)$ $Trump Media & Technology(DJT)$ $Mobile-health Network Solutions(MNDR)$ $iShares Russell 2000 ETF(IWM)$ $Realty Income(O)$ $Marin(MRIN)$ $NVIDIA Corp(NVDA)$ $Apple(AAPL)$
Among all the stocks above, are there any that you would most like to buy? Please comment to win Tiger Coins!
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Super Micro Computer (SMCI) shows potential for an inverse head & shoulders (IHS) pattern, indicating a bullish trend if it holds above $900 & then $925. Volume surged with 122K more shares traded, totaling 4M at $3.74B. Wall Street sees significant potential for SMCI. Despite a recent 22.25% decline, SMCI closed at $908.54, up 0.48%, surpassing the S&P 500's drop. Anticipation surrounds SMCI's upcoming financial report, expected to show notable increases in EPS & revenue. The Zacks Rank rates SMCI as a Hold, with premium valuations: Forward P/E of 40.83 & favorable PEG ratio of 0.73. The industry ranks high within the sector.
Nvidia (NVDA) appears to be forming a base and the next possible entry could be 967.66 or 974. A clear base with a proper breakout makes Nvidia a buy.
Meanwhile, Nvidia's chart shows that its relative strength line, which compares stock performance to the S&P 500, is falling.
On Wednesday, however, shares are finding support at the 10-week moving average and are paring some of Tuesday's losses after investors reacted to Alphabet's (GOOGL) new AI chips. The rise from the support level offers a new entry around 840.