Star Tech Stocks Rally! TESLA Stock Rose Over 40%^!
The tech-dominated Nasdaq Composite is off to a good start in 2023, up over 11% year-to-date as inflation has slowed and optimism from the Fed is on the rise.
Several star tech stocks are also performing well, with Tesla (TSLA.US) up over 40%^ YTD, Nvidia (NVDA.US) up nearly 40%^ YTD, and Meta Platforms (META.US) up over 26%^ YTD.
The uptrend in tech stocks has remained strong in recent weeks, with Tesla up for 6 consecutive trading days since Jan 20. ls it a bullish signal for techstocks?
^Data as of Jan 27, 2023. Source: moomoo
Will the Rebound Last?Technology stocks seemed to rally following a string of losses.However, inflation is still the most important indicator. If the inflation level drops significantly, which, in turn, makes the Fed set aside its aggressive rate hike plans, it is likely that the Fed may change its attitude. Once the Fed’s stance reverses, U.S. stocks may sustain the momentum of this latest rally.
U.S. Star Tech StocksSource: moomoo
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Silverbat : Go Tesla
Samooer : FED a killjoy? Never know what's gonna happen next, but just focus on the stocks with strong fundamentals against the headwinds. Sometimes headwinds are necessary for a good lift off
102405503 No limit : keep accumulate .
ah sim : hodl
Triston Chua : Bullishhhh
khairi bin kasnan : hmmm....
WSR88888888 : Go go go TESLA
102893438 ah sim: Now that funding has been introduced, Tesla's pullback will not exceed 200, and the pullback will not exceed 140
102399230 : Cathie Wood recent interview where she shared positive vibes on Tesla did not receive a positive welcome, however, as she accumulates, she just may have the last laugh. Her point on Tesla does make sense. I recommend accumulation on Tesla, Google, Microsoft, IBM, C3.ai and AIEQ(ETF).