Fast Money Blog- 6/21/24

The award for volatility this week goes to Nvidia Corporation (NVDA). Since this past Monday, NVDA’s stock price swung from a high of $140.76 to a low of $124.30. If you’re holding the shares in your stock splits account, the shares will see big gains by October 31st, and you will see the benefits that come with your investment.  

If you are trading the stock as a covered call writer, be sure to take your weekly or monthly premiums and purchase long-term shares in companies like, Visa, Inc. (V), Mastercard Inc. (MA), and Costco Wholesale Corporation (COST).

Wall Street loves NVDA because they are the first company to create a platform for AI using their proprietary chips and data centers.

In other news, new economic data points to a growing weakness in the US economy. In May, single-family homebuilding fell to its slowest pace in 4 years and jobless claims were also slightly higher than expected. 

Wall Street is hoping that the Feds will cut interest rates within the next 90 days. 

As a Wealthy Investor all you have to do is continue to build positions in long-term stocks that create wealth. 

Tyrone Jackson

The Wealthy Investor