To The Moon

Stocks to watch, Dec 13: RIL, HDFC Bank, JK Tyre, Zomato, TCS, NBCC, L&T | News on Markets - Business Standard

The markets are buzzing with activity as we approach the final stretch of 2024. Amidst the volatile economic backdrop, a few standout opportunities are catching the attention of investors. From the energy transition to the ongoing AI race, here are the key stocks to watch today.

Opinion: How to prepare for stock market volatility - MarketWatch

What’s Moving the Markets?

1. Federal Reserve Update: Last week's dovish tone from the Fed indicates a potential pause in rate hikes, providing a tailwind for growth stocks.

2. Earnings Season Tail-End: A few industry leaders are set to report earnings, potentially shifting sector sentiment.

3. Sector Spotlight: AI, EVs, and clean energy continue to dominate investor focus amid megatrends reshaping the economy.

Top Picks for Today:

1. $NVIDIA (NVDA) $NVIDIA(NVDA)$ – Reclaiming AI Leadership

After a brief pullback, NVIDIA is showing signs of strength again. The company recently announced a groundbreaking partnership with Meta to optimize generative AI for VR/AR platforms. Analysts expect these developments to boost revenue projections for FY2025.

Key Metrics:

• Price Target: $600

• Catalyst: Expansion of AI into emerging industries.

2. $Tesla (TSLA) $Tesla Motors(TSLA)$ – Charging Higher

Tesla's recent updates on Cybertruck deliveries and expansion of its supercharger network have reignited bullish sentiment. With EV adoption surging globally, Tesla remains a cornerstone of the green revolution.

Key Metrics:

• Price Target: $550

• Catalyst: EV tax credits in the US and EU.

3. $NextEra Energy (NEE) $NextEra(NEE)$ – Riding the Clean Energy Wave

NextEra is benefiting from increased demand for renewable energy projects. The company’s recent acquisition of solar farms positions it for long-term growth.

Key Metrics:

• Price Target: $95

• Catalyst: Bipartisan infrastructure investments.

ine chart showing the 6-month performance of $NVDA$, $TSLA$, and $NEE$.

Key Stock Metrics

What Analysts Are Saying:

• Morgan Stanley on $NVDA$: "We see NVIDIA as a key enabler in AI expansion beyond traditional tech, with VR/AR as the next frontier."

• Goldman Sachs on $TSLA$: "Tesla's leadership in EV infrastructure solidifies its competitive moat heading into 2025."

• JPMorgan on $NEE$: "NextEra’s strategic moves in renewables make it a defensive yet growth-oriented play."

Macro Considerations:

1. US-China Relations: Improved dialogue between the two countries could boost sentiment for global tech stocks like NVIDIA.

2. Oil Prices: Lower oil prices are a double-edged sword, benefiting clean energy players like NextEra but potentially pressuring EV adoption.

4 stocks to watch - MarketWatch

What to Watch for Tomorrow:

• Earnings from $FedEx (FDX) $FedEx(FDX)$ and $Rivian (RIVN) $Rivian Automotive, Inc.(RIVN)$ may influence sentiment across the logistics and EV sectors.

• Economic data on housing starts could impact homebuilder stocks.

Which stock are you most bullish on today? Do you think Tesla will continue its rally, or is NVIDIA the safer bet? Let us know in the comments below! Don’t forget to repost and follow for more daily updates!

Disclaimer:This article is for informational purposes only and does not constitute investment advice. Always conduct your own research or consult a financial advisor before making investment decisions.