To The Moon

As we step into the trading week of 19 December, market sentiment appears divided. With the year-end looming, investors are watching key stocks and indexes for signs of a potential Santa rally. Let’s dive into some of today’s most compelling trends and stocks to watch:

Market Overview

After mixed performances last week, the Dow Jones ended its 9-day losing streak, rebounding slightly by +0.42% to 43,634.12. The S&P 500 rose +0.55% to 6,084.90, while the Nasdaq Composite showed resilience with a +0.62% jump, closing at 20,232.56.

Investors are digesting signals from upcoming Federal Reserve comments and economic indicators. Will the Fed's cautious stance on interest rates spur a holiday rally?

Stocks to Watch

1. Tesla ( $Tesla Motors(TSLA)$ )

Tesla (TSLA) Price Prediction and Forecast - 24/7 Wall St.

• Recent Movement: Closed at $472.50, nearing its all-time high of $478.

• Catalyst: Strong demand for the newly launched Model Q. Analysts predict a breakout to $500 if momentum persists.

2. Nvidia ( $NVIDIA(NVDA)$ )

Watch These Nvidia Price Levels as Stock Slips Further Into Correction Territory

• Recent Movement: Added +1.3% yesterday to close at $530.

• Catalyst: AI-driven chip demand continues to propel Nvidia, with potential further upside as the company explores quantum computing collaborations.

3. BigBear.ai ( $BigBear.ai Holdings(BBAI)$ )

SoundHound vs BigBear.ai: Which AI Stock Will Outperform in 2025? | The Motley Fool

• Recent Movement: Up +12.5% last week, closing at $3.82.

• Catalyst: Renewed government contracts for AI initiatives and speculation around M&A activities.

Economic Indicators to Watch Today

• US Housing Starts: Analysts project a 1.4% uptick for November data.

• Consumer Sentiment Index (CSI): Anticipated to reflect resilient consumer spending heading into 2025.

Graph:

YTD performance of AI stocks (NVDA, BBAI) and EV stock (TSLA)

💬Discussion Points

1. Santa Rally Potential: With just 10 trading days left in the year, do you expect a last-minute surge?

2. Target Prices: Where do you see Tesla ($500 or $550), Nvidia ($550 or higher), and BigBear.ai ($4 or $5) ending December?

3. AI & EV Trends: Will 2024 be defined by AI momentum or the electric vehicle market?

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📝 Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.