To The Moon

Here are the 3 stocks that I would be watching today (03 June 2024).

$NVIDIA Corp(NVDA)$

Nvidia announces the next-generation Rubin AI platform for 2026, Though Nvidia CEO said the upcoming Rubin AI platform will use HBM4, the next iteration of the essential high-bandwidth memory that is grown into a bottleneck for AI accelerator production, with leader SK Hynix Inc. largely sold out through 2025.

No detailed specifications for the upcoming products, which will follow Blackwell is being offered. But I personally feel that this announcement would make a move for Nvidia in today trading as 24-hours trading have shown to increase by 2.17% to $1,1120.07.

If we looked at how the MACD and KDJ chart looks like, we could see that MACD is actually showing strength though there is a decline showing, but with the more than 2% increase in 24 hours trading, I foresee that Nvidia would be giving a pretty nice upside when trading starts in pre-market.

I am expecting Nvidia to be opening around $1,120.

$Autodesk(ADSK)$

Autodesk stock price jumped more than 6% after market close on 31 May (Friday) after Autodesk said that an internal investigation found no fault in the way it handled accounting matters in question. Autodesk (ADSK) also provided some preliminary results for the first quarter of its fiscal year that were above Wall Street expectations, and issued better-than-expected guidance for the current quarter and for fiscal 2025.

This has created some interest in investors as we could see that there was a more than 7% increase in 24-hours trading. This would show that Autodesk might be making a reversal from its bearish trend before its earnings.

With the guidance given is better-than-expected for current quarter, investors confidence came back on top of the result of the internal investigation that found no fault in the accounting matters.

I would be looking at Autodesk opening near $215.

$NIO Inc.(NIO)$

On 01 June, NIO give the delivery figure where NIO delivered 20,544 vehicles in May 2024, representing a substantial increase of 233.8% year-over-year. The deliveries consisted of 12,164 premium smart electric SUVs, and 8,380 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 515,811 as of 31 May 2024.

In May 2024, NIO further expanded its strategic cooperation on battery swapping by partnering with GAC Group and FAW Group, adding to a growing list of strategic partnerships that include its existing collaboration with Changan Automobile, Geely Group, JAC Group, Chery Automobile, and Lotus Technology. NIO is committed to establishing a rapidly evolving battery swapping ecosystem, and providing efficient and convenient recharging experiences for its users.

This updates have given confidence to investors as we saw a 2.57% increase in the 24-hours trading.

NIO might open at around $5.50 and there should be a significant upside expected as NIO MACD look to form a crossover on a bullish uptrend. and KDJ also have the J value moving upwards, this might not be the best BUY price, but I think we could expect NIO to clear $6, so it is still potential.

Summary

I think these 3 stocks would continue their trading strength from Friday after hours, and we could see that there have been some pretty encouraging trading in 24 hours trading.

I would be monitoring these 3 stocks closely in pre-market and see if there is a potential of more upside trading when market opens later.

Appreciate if you could share your thoughts in the comment section whether you think these 3 stocks would continue the uptrend trading into pre-market?

@TigerStars @Daily_Discussion @Tiger_Earnings @TigerWire 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.