NVDA
NVIDIA
-- 114.060 TSLA
Tesla
-- 284.650 PLTR
Palantir
-- 83.420 MSTR
Strategy
-- 250.920 TSM
Taiwan Semiconductor
-- 172.970 
A historic rise above the 20,000 mark
On Wednesday (December 11), the US stock market performed strongly, technology stocks rose across the board, pushing the Nasdaq Composite Index to historic 20,000 points, up more than 1.7%. This milestone marks a cumulative gain of more than 33% for the Nasdaq in 2024. Meanwhile, the S&P 500 and Dow are up 0.87% and 0.02%, respectively, for gains of 27% and 17% for the year.
Market analysis
The strong performance of technology stocks
Nasdaq's rise was mainly driven by large tech stocks, of which the "Big Seven" - Apple, Amazon, Google, Meta, Tesla, etc., all hit intraday record highs. In particular, Google, which announced the development of a high-performance chip suitable for quantum computers, was warmly welcomed by the market, and its share price rose the most.
Macroeconomic data impact
Inflation figures for November, released by the US Labour Department, were in line with market expectations, further strengthening market expectations for a rate cut by the Federal Reserve. Cme Group's FedWatch tool shows the market is pricing in a more than 90 per cent chance of a quarter-point rate cut next week. Such expectations have helped boost investor confidence, driving stocks higher.
Small business confidence picks up
According to the National Federation of Independent Business (NFIB), the small business Confidence index rose eight points month-on-month to 101.7 in November, the highest reading since June 2021. This data reflects the optimism of small business owners about the future economic environment and could further boost consumption and investment.
Individual stock analysis
1. $Apple (AAPL.US)$
Current performance: Apple closed today at $246.490, down 0.52%.
Although Apple's research and development in the field of AI continues to advance, and has partnered with Broadcom to develop server chips, there is still some uncertainty about the market's expectations for its future growth. The recent correction in share prices may be related to overall market sentiment.
Buy: Stock price correction to $240, you can consider gradually building positions.
Selling point: Stock price above $260, can consider some profit.
2. $Tesla (TSLA.US)$
Current performance: Tesla closed today at $424.770, up +5.93%.
Analysis: Tesla shares hit new highs, helped by news of Cybertruck's imminent entry into the market and strong sales figures. Musk's personal wealth has also increased significantly as a result of the stock rally, which has further boosted the market's confidence in Tesla.
Buy: Stock price correction to $400, ready to buy.
The pitch: $450
3. Broadcom (AVGO)
Current performance: Broadcom closed at $183.200, up +6.63%.
Analysis: Broadcom rose on news of its partnership with Apple to develop AI chips, showing the market's recognition of its future growth potential. The company has a strong position in the semiconductor industry and is expected to continue to benefit from the development of AI and 5G in the future.
Buy: A pullback to $170.
Selling point: The stock price above $190 can be timely profit.
1. $Apple (AAPL.US)$
Current performance: Apple closed today at $246.490, down 0.52%.
Although Apple's research and development in the field of AI continues to advance, and has partnered with Broadcom to develop server chips, there is still some uncertainty about the market's expectations for its future growth. The recent correction in share prices may be related to overall market sentiment.
Buy: Stock price correction to $240, you can consider gradually building positions.
Selling point: Stock price above $260, can consider some profit.
2. $Tesla (TSLA.US)$
Current performance: Tesla closed today at $424.770, up +5.93%.
Analysis: Tesla shares hit new highs, helped by news of Cybertruck's imminent entry into the market and strong sales figures. Musk's personal wealth has also increased significantly as a result of the stock rally, which has further boosted the market's confidence in Tesla.
Buy: Stock price correction to $400, ready to buy.
The pitch: $450
3. Broadcom (AVGO)
Current performance: Broadcom closed at $183.200, up +6.63%.
Analysis: Broadcom rose on news of its partnership with Apple to develop AI chips, showing the market's recognition of its future growth potential. The company has a strong position in the semiconductor industry and is expected to continue to benefit from the development of AI and 5G in the future.
Buy: A pullback to $170.
Selling point: The stock price above $190 can be timely profit.
4. $Alphabet-A (GOOGL.US)$
Current performance: Google closed today at $195.400, up +5.52%.
Analysis: Google's launch of a new generation of artificial intelligence model caught the market's attention, driving its share price higher. The company's continued innovation in the field of AI will bring new growth drivers to it.
Buy: There may be a correction in the near term until the $170 price is reached
The pitch: $205 per person.
Personal advice
The above analysis is for reference only. In the current market environment, it is recommended that investors pay attention to the dynamics of technology stocks, seize opportunities, and set a reasonable profit stop loss level to control risks. As the end of the year approaches, capital inflows and corporate buyback demand increase, the US stock market is expected to continue its strong performance. It is important to make investment decisions based on your own risk tolerance, and pay close attention to macroeconomic changes and related policy trends.
The above analysis is for reference only. In the current market environment, it is recommended that investors pay attention to the dynamics of technology stocks, seize opportunities, and set a reasonable profit stop loss level to control risks. As the end of the year approaches, capital inflows and corporate buyback demand increase, the US stock market is expected to continue its strong performance. It is important to make investment decisions based on your own risk tolerance, and pay close attention to macroeconomic changes and related policy trends.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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