As I state all the time in both the live classes and online, “The stock market hates uncertainty.” Right now the market is not in favor of the proposed Trump tax plan. Because of this, Thursday and Friday saw U.S. stocks decline.
On the other hand, the semi-conductor sector is on fire. Thursday’s after-hour earnings release for NVDA is proof-positive that good earnings move stocks higher.
The stocks that I favor in the semi-conductor space are: AMAT, TXN, and NVDA. Companies I favor outside of the semi-conductor space are: PYPL, SQ, NFLX, V, MA, and FB. Whether you are trading or holding these stocks, you are sure to do well both in the long and short term.
Stay Open! Stay Positive!
Tyrone Jackson
The Wealthy Investor
