Enter Now or Take Profit From Mag 7?
The US retail sales in July released on Thursday exceeded expectations and grew by 1% month-on-month. The number of first-time unemployment claims in the United States fell last week, falling for two consecutive weeks to a new low in more than a month, alleviating investors' concerns that the United States may fall into an economic recession.
On Thursday, the US stock market continued to rise. The $S&P 500(.SPX)$ rose 6.6% in the past six trading days, the largest six-day increase since November 2022, and wiped out all losses this month, including last week's "Black Monday", and closed at a new high since July 23.
Since the black monday on 5th August 2024, several major technology companies experienced a significant rebound in their stock prices.
According to data from TigerTrade as of 15th August 2024,
$NVIDIA Corp(NVDA)$ leads with a rebound rate of 33.6%, with a market capitalization of $3.022 trillion.
Following closely is $Meta Platforms, Inc.(META)$ , with a market capitalization of $1.359 trillion USD and a rebound rate of 19.1%.
$Tesla Motors(TSLA)$ and $Amazon.com(AMZN)$ rank third and fourth with rebound rates of 15.5% and 15.3%, respectively, with market capitalizations of $684.1 billion and $1.864 trillion.
$Apple(AAPL)$ and $Invesco QQQ(QQQ)$ , representing the NASDAQ 100 Index, rank fifth and sixth with rebound rates of 12.8% and 11.7%, respectively.
$Microsoft(MSFT)$ and the $SPDR S&P 500 ETF Trust(SPY)$ have rebound rates of 8.27% and 8.1%, respectively, while $Alphabet(GOOGL)$ has the lowest rebound rate at 3.7%.
Do you get any profit from this rebound?
Do you think the rebound trend of these companies' stock prices will continue?
What factors might affect the future stock performance?
Will you continue to buy, or wait for opportunities?"
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if the company's stable with good fundamentals then it's worth holding.
@Universe宇宙 @koolgal @Shyon @Aqa @rL @GoodLife99 @HelenJanet @Shyon @Aqa @LMSunshine @SPACE ROCKET @TigerGPT
Do you get any profit from this rebound?
Do you think the rebound trend of these companies' stock prices will continue?
What factors might affect the future stock performance?
Will you continue to buy, or wait for opportunities?"
- it will continue to end of this month
- factors can affect Mag 7 : I don’t see anything it will still rise.
- wait for opportunity
Moving forward, I'll maintain a bullish stance on core positions, anticipating further value growth. I'll also explore diversification opportunities through inverse leverage ETFs or selective shorting during future pullback days. My strategy remains focused on accumulating more stock vouchers, leveraging my Tiger coins to maximize gains.
are some Mpox vaccine manufacturers whose stocks have been shooting up recently after the WHO says the outbreak in Africa is getting serious, yesterday there was also a case reported in Sweden, if more cases outside Africa starts to be reported and it becomes another pandemic, these stocks could probably continue rising as all governments start placing orders for more vaccine shots.
Nancy Pelosi is up over $10 million in the stock market this week as $NVIDIA Corp(NVDA)$ shares rebound. She purchased $2.5 million of $NVDA last month.
$NVIDIA Corp(NVDA)$ has added back nearly $700 BILLION in market cap since the low on August 5th
$S&P 500(.SPX)$ firms with the best performance over the trailing 52-week period. Clearly, Semiconductors industry features prominently.
$Chipotle Mexican Grill(CMG)$ $NVIDIA Corp(NVDA)$ $Broadcom(AVGO)$ $Wal-Mart(WMT)$ $Cooper(COO)$ $Amphenol(APH)$
$Copart(CPRT)$ $GE Aerospace(GE)$ $Sempra(SRE)$ $NRG Energy Inc(NRG)$ $WR Berkley(WRB)$ $Arista Networks(ANET)$
$Old Dominion Freight Lines(ODFL)$ $Monolithic Power(MPWR)$ $Iron Mountain(IRM)$
Buy, The market was bullish before the rate cut, and the rate cut is probably the climax of this trend?
As the $S&P 500(.SPX)$ was plunging earlier this month, retail investors were buying the dip