The Mag 7 Stock That Could Break Out
The breadcrumbs are there. Here’s my plan to follow them.
The beleaguered software and AI/gaming name has started its journey from deep oversold.
The S&P 500 gained 15% and the Nasdaq 21% in Q2, but Q3 presents substantial challenges as three big issues come into play.
While reverse rotation drives Nasdaq bounce, poor breadth suggests it can’t be trusted.
We’ll take advantage of the improved risk-to-reward tradeoff, and longer-term prospects.
Rising costs associated with AI are weighing on stocks like Apple. But there’s a bigger question looming for hyperscalers.
Here’s why good economic data is weighing down stocks, Russell’s rebalancing will make winners and losers and the chart looks … perilous.
Micron surpassed elevated expectations, but the Mag 7 is paying a price.
Headwinds continue for this mega-cap name but some support is not far away.