5 Monster Stock Market Predictions – The Week Of May 3

Apple 

Hey, nobody is trying to knock Amazon. They did the same thing for Apple (AAPL), and I have owned Apple for years, and I think Airtags are the coolest thing. I already pre-ordered mine. I could easily see myself having several of them because I lose everything.

These stocks are tired, and even though they have consolidated for months, their valuations are still high, and all of this good news was expected and is why their valuation is high. So now they need some time to have their earnings catch up to their valuation. So that means they keep trading sideways, or they correct. I prefer a correction to get it over with, then dragging on sideways price action for the next several months.

AMD

The same thing happened to AMD, too, after great results. They don’t matter presently. There remains a very overwhelming downtrend in the RSI, which does not bode well for the stock.  

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Disclosure: Michael Kramer And The Clients Of Mott Capital Own AAPL. 

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