As the year winds down and the festive spirit takes hold, the stock market often presents a curious yet anticipated phenomenon known as the Santa Rally. Within this whirlwind of festive trading, let’s look at how two titans of the tech world, Amazon and Apple, might fare during this unique season.
Top 3 stocks to buy in September
2022-12-16 • Updated
Do you want to know what companies can rocket in September? Here you go! Top 3 most promising stocks!
The House of Mouse has been moving gradually up for the last three months. This month should be the most successful one as this week, Disney starts selling new annual passes to Disney World for the first time in over a year. The company raised its price and has more premium-priced options than before. Do you remember how Disney encouraged investors with a fast return to profitability for its theme park segment in the second quarter? This quarter is going to be even better!
If we look at the chart, you’ll notice that the stock price of Disney has broken above the 50% Fibonacci retracement level of $185.00. If it manages to stay above this strong resistance level, it has all chances to jump to the next Fibo level near $190.00. Support levels are $180.00 and $178.00.
NVIDIA keeps showing strength across all the company’s products: from AI to data analytics and gaming, and even cryptocurrencies! Nvidia’s second-quarter earnings results were encouraging. The revenue grew by 68% year-over-year. In late August, NVIDIA has launched NVIDIA AI Enterprise, a software that offers even more powerful AI tools than before. NVIDIA’s AI leadership in the booming cloud market can double its current stock price.
Don’t be confused when you look at the chart. NVIDIA has recently made a stock split. Great opportunities for investors to buy the company at a lower price. If NVIDIA breaks above the recent high of $230.00, it will jump to the next round number of $250.00. Support levels are $210.00 and $190.00.
* A stock split is when a company divides the existing shares of its stock into multiple new shares to make the price of one share lower.
September can be important for Apple as it usually releases its latest iPhone version at this time. This event will result in another wave of sales growth for the company. The iPhone ecosystem includes apps, extra devices, and other services that also add to overall Apple’s growth. Wider availability of high-speed 5G networks continues to increase demand for new iPhones.
Let’s look at the chart! Apple is currently at its all-time highs. The way up to the psychological mark of $160.00 is open now. If the price jumps above it, it may rally up to the next round number of $165.00. Support levels are $155.00 and $150.00.
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