NVDA and the Big Tech stocks

NVDA releases earnings after close today. The stock closed yesterday at it’s all time high of 504.09. It is up +24% in almost a straight line over 15 trading days. Suffice it to say that there are big expectations from the market. I am long NVDA in my long-term strategy through FNGU and TQQQ but will not speculate in the earnings cycle.

Big Tech stocks continue to lead the markets higher. There is a lot of talk about when will the rest of the market follow through. I do not think it matters if a trader just wants to play the markets to make money. And who doesn’t?

For me, the best way to play the Big Tech stocks is using FNGS which comprises of:

Please read up on the factsheet here if you like.

Here are the current fundamentals for the 10 stocks:

For more adventurous traders FNGU offers a 3x leveraged way to play FNGS. Of course, the 3x leverage works to the upside as well as to the downside. One must be ready for big drawdowns or be vigilant to get out of the trade in downturns.

For now, the markets are trending bullish. There needs to be a breather soon, but we have seen in the past that Big Tech stocks have a lot of stamina to pull the markets higher. So, there is no point in speculating when they will take a breather.