← Go back Jul 07, 2023
Forbes Money Markets Stocks This Week: Buy NVIDIA And Advanced Micro Devices Bill Sarubbi Contributor Great Speculations Contributor Group Opinions expressed by Forbes Contributors are their own. Following Jul 31, 2023, 06:00am EDT | Press play to listen to this article! Got it! Share to Facebook Share to Twitter Share to Linkedin Photo by Mario Tama/Getty Images Getty Images The traditionally bearish month of September is looming. The Cycles Research screen is tuned to finding stocks to buy for August trades. It is likely advisable to hold these into late August. NVIDIA NVDA DIA is at the top of the screen. It is, of course, ranked highly in relative strength, having been a stellar performer. The stock is also well-rated seasonally having risen 75% of the time in the month of August. The histogram of monthly expected return is below. The stock is very extended, but the high ratings are supported by short-term buy signals. The stock is likely to be in the $500-$525 range by late August. August has been the third strongest month in any year. Cycles Research Investments LLC There are daily momentum buy signals and strong relative strength. Cycles Research Investments LLC Advanced Micro Devices is ranked number three in the S&P 500. The stock has risen 64% of the time for a 6% gain over the last 43 years, the second strongest month in any year. The monthly dynamic cycle is rising. The share price is likely to rally closer to $130. The August strength is depicted below. Cycles Research Investments LLC MORE FOR YOU How To Get Rich In Crypto: Four Tether Executives Are Now Billionaires Any Action Necessary 15 5 Trillion Simultaneous Crypto Earthquakes Are Heading For Bitcoin And Ethereum After XRP Led Price Boom High Powered Week Makes Several Electric Vehicle Billionaires Including Elon Musk Richer Note the higher lows in momentum. Cycles Research Investments LLC Follow me on Twitter . Check out my website . Bill Sarubbi Editorial Standards Print Reprints & Permissions
Read more: forbes
