Magnificent 7 Stocks & Indexes ETF are still the best to buy during correction‼️ Will SMCI Earning bring the AI stocks to hell again🥶🤔
Out of 7 Magnificent Stocks, I do own $Meta Platforms (META.US)$ $Amazon (AMZN.US)$ which are in profits and I also do have $NVIDIA (NVDA.US)$ $Tesla (TSLA.US)$ which is currently in losses but I am not that worried 🤣
I was supposed to own both $Alphabet-C (GOOG.US)$ and $Microsoft (MSFT.US)$ as well but those transactions have been cancelled by the platform itself due to overnight trading errors that occur in almost all the broker across the US 🥶
Other than that, those ETF that tracks the Nasdaq 100 and SP500 is really attractive now, and that’s why I did open $Invesco QQQ Trust (QQQ.US)$ when Nasdaq officially hit 10-11% pull back. $SPDR S&P 500 ETF (SPY.US)$ also hit 8% pull back from all time high but I’m still monitoring…I may open SPY if SP500 hit 10% correction‼️
$Super Micro Computer (SMCI.US)$ will release their earnings tonight which will have an impact to all the Semiconductor Stocks especially $NVIDIA (NVDA.US)$
There is some stocks already started to drop like $Advanced Micro Devices (AMD.US)$ $Micron Technology (MU.US)$ and that might due to people are afraid of SMCI earning not good so people sold off first but for me, I personally think that this round, SMCI Earning shall be good enough and guidance shall be good too. Also, technical wise, SMCI is in oversold territory and need to be turned around after a 45-50% pullback from all time high. So my guess is, if SMCI Earning is good and Guidance is good, it shall be good enough to lead all the AI stock to continue rising tomorrow📈
Let’s hope for the best🥰
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