The Big 3 Nasdaq stocks worth watching come market open

Before I start, I am obliged to remind our viewers that this is not advice only general commentary from my extensive research in this area.

NASDAQ has seen record-breaking highs this week as investors regain confidence in the security of American stocks. Amidst the success, Tesla (NASDAQ: TLSA), Amazon (NASDAQ: AMZN)and Apple (NASDAQ: AAPL)all experienced a healthy increase over the week. Making the NASDAQ giants worth watching when the market opens tomorrow. But let’s find out why?

It is no surprise that Tesla (NASDAQ: TLSA) reports yet another strong week, increasing 5.47%. From our last article on Tesla, we predicted that Tesla would experience some inertia and the market would correct them down to $650. The stock did not surge as low as we thought and actually recovered very well posting another green week. Aftermarkets suggest Tesla will bounce around $815-30 during the day, possibly getting as high as $850. Since market correction, Tesla is on track to grow into the $1,000 mark in the next couple of months. An entry below $800 may mitigate some systematic risk, however investing in Tesla now would be a long term strategy. With the risks involved, ensure you do your research and understand what systematic events could influence the price such as the up-coming election.

Amazon (NASDAQ: AMZN) climbs even higher this week growing by 5.29%. This is now the second week in a row, that investors have rallied behind this stock. It’s most recent earnings report was impressive, alongside capturing market share in the monetisation industry, the company has never looked so good. With markets at all-time highs, purchasing Amazon now holds much more un-diversifiable risk with PSE’s that can effect it’s price. However, if the market continues to rally behind Amazon, there’s a possibility of making a nice capital gain. In my opinion, Amazon may flatten out today as the stock begins to find its new equilibrium of $2,150. The biggest threat to entering Amazon now, is that it is hard to predict how long this rally will last. With buy volumes steadying, it is likely Amazon won’t bounce around too much come close Friday.

Apple (NASDAQ: AAPL)continues to support bullish and surprise bearish investors as it has jumped 1.24% over the week. Apple’s surge appears to be off their impressive 8% growth in iPhone sales in the first quarter of 2020. Apple’s Iphone sales in 2019 did not please investors. Meaning, the recent growth indicates Apple’s revival of the Iphone, arguably one of their most successful product lines. Moreover, the 17% rise in service revenue, iCloud storage subscriptions and the like, further adds to the investor confidence behind the tech giant.

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The information above should not be taken as financial advice. Youth Investment Group has no liability for personal financial interests or investment decisions. You should make your own investment decisions based upon your own research and what you believe is best for you.


Written by Patrick McLoughlin and Tyger Fitzpatrick

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