Your Weekly Tech Stocks Watchlist & $SPY Levels To Watch
Portfolio Pulse from John Chang
The article discusses the latest U.S. nonfarm payrolls report, which showed an increase in the unemployment rate to 3.8% in August, higher than expected. Average hourly earnings also increased less than expected. Despite this, payrolls grew at a faster-than-expected pace. The number of job openings decreased in July, as did quits and layoffs. The article also discusses the performance of the SPDR S&P 500 (NASDAQ:SPY), predicting that the lows experienced on August 18 were the bottom. The article also mentions the performance of Invesco QQQ Trust (NASDAQ:QQQ) and several tech stocks including Apple (NASDAQ:AAPL), Advanced Micro Devices (NASDAQ:AMD), and Tesla (NASDAQ:TSLA).
September 05, 2023 | 4:31 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Apple (NASDAQ:AAPL) is mentioned as one of the tech stocks that bounced back from August lows.
The article mentions that AAPL bounced back from its August lows, which could indicate a positive trend for the stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Advanced Micro Devices (NASDAQ:AMD) is mentioned as one of the tech stocks that bounced back from August lows.
The article mentions that AMD bounced back from its August lows, which could indicate a positive trend for the stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
The Invesco QQQ Trust (NASDAQ:QQQ) had a winning week, with the article suggesting that as long as prices remain above the 5DMA + 50DMA, there are no worries about buying the dips in tech.
The article suggests that as long as the prices of QQQ remain above the 5DMA + 50DMA, there are no worries about buying the dips in tech, which could lead to an increase in the stock's price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The SPDR S&P 500 (NASDAQ:SPY) is predicted to have reached its bottom on August 18. The article suggests that investors are buying the dips.
The article suggests that the lows experienced by SPY on August 18 were the bottom and that investors are buying the dips, which could lead to an increase in the stock's price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tesla (NASDAQ:TSLA) is mentioned as one of the tech stocks that bounced back from August lows.
The article mentions that TSLA bounced back from its August lows, which could indicate a positive trend for the stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60