Stocks to Watch for 26 May 23 From A.I. model
Today (26 May 2023) the premarket NASDAQ futures edge higher, reason might be due to stocks still enjoying the AI boom surge.
S&P Futures Tick Lower Ahead of Key U.S. Inflation Data, U.S. Debt-Ceiling Talks in Focus.
But we have U.S. PCE Data (YoY and MoM) coming up at 8.30am(EST), I think they might come in higher than last month (March)
I would expect the market to open slightly lower as investors will trade cautiously as Fed might go back to rate hike regime again.
Today, I think today my trading strategy would be into
Result from 25 May 2023.
$Advanced Micro Devices(AMD)$ has performed well, due to the AI boom because of strong earnings report by Nvidia (NVDA).
Here is the predicted result for today (26 May 23)
Today we have PCE data coming at 8.30am(EST) which I believe might go higher than last month, this would make rate hike to come back as PCE is Fed preferred mode of measurement for inflation.
$Marvell Technology(MRVL)$ has surge in premarket as its reported revenue beats estimates on AI Boom.
I would look at target Entry Price to be around $56-$56.50, if it goes below $56 I will check Bear strength , if go above $59 and maintain, MRVL could be headed above $65.
Sentiment Analysis of predicted result
3 of the sentiments for these 5 stocks are positive (0 or above). This might explain why there is a nice surge in premarket.
Summary
Do take cautious in trading stocks that has risen on news, this might be a short term surge.
Do take note of U.S. PCE data release at 8.30a.m.(EST), there might be some adjustment after the data.
I will monitor closely how it will be trading 1-2 hours in premarket before actual trading starts at 9.30am(EST).
Appreciate if you could share your thoughts in the comment section how would you be trading today?
Do like, share and comment on this article if you find this trading thought useful.
@TigerStars 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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Some companies are using the artificial intelligence (AI) as a buzz word in very little the know or do with AI only attempting to sound off as they have something to offer. Marvel Technology is absolutely not one of these companies in fact they have been working with the AI leader NVIDIA for years.
Every company need alternative to NVDA on AI as not every company can afford nvda chips as its too expensive…AMD should be at-least 50% value of nvda which translates ro more than 100% upside
Intel also used to announce products - after Amd took the lead. Intel is still in catch up.Amd is in the same situation 4 years behind Nvidia. Amd will be in catch up.
Any announcement by AmD ceo on new products is still a catch up . Way way behind Nvidia. Like tsla vs other EV makers. All EV makers are in catch up.
Money rotating out of......hmmmm.....let me think.....EVERYTHING! ...and into AMD
Great ariticle, would you like to share it?
Great ariticle, would you like to share it?
[龇牙] [龇牙] [龇牙]
Great ariticle, would you like to share it?
Looks interesting