Magnificent 7 Stocks Sell-off After Middle East War Latest Escalation
$Tesla(TSLA.US$ $BYD COMPANY(01211.HK$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$ US stocks faced sell-off after Israel's Iran attack as reported by US official. Later the attack was played down as calibrated under US pressure. You can read here:
Magnificent 7 Stocks:
$NVIDIA(NVDA.US$ -10.00% (Worst)
$Meta Platforms(META.US$ -4.13%
$Amazon(AMZN.US$ -2.56%
$Alphabet-C(GOOG.US$ -1.11% (Least)
$Apple(AAPL.US$ -1.22%
$Tesla(TSLA.US$ -1.92%
My take: The stock sell-off could have been worse if Israel and Iran didn't play down the attack. It seemed that both sides decided to seek the conflict in a diplomatic way.
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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unfilteredtruths : Specific to Nvidia, I don't think the middle east tension was the reason for its current dumping activities. But it definitely was the trigger. Nvidia rose way too fast last quarter, overhyped and overbought. Time for correction.
rezki_kwn2 : embrace the truth...Nvidia already downtrn....more dive coming next monday....wait for reversal...
魔群月光 unfilteredtruths: ASML and TSM financial reports are not ideal, so Nvidia is involved