should i sell $nvda and $goog or will the bounce back
7/30/2024 11:06pm
**NVIDIA Corporation (NVDA) and Alphabet Inc. (GOOG) are both experiencing downward pressure**, and while there are signs of potential for a rebound, the decision to sell or hold should be based on your investment strategy, risk tolerance, and the specific circumstances of each stock.
1. **Recent Performance**: Both NVDA and GOOG have seen a decline in their stock prices. NVIDIA's stock has decreased by 12.79% over the last week and 13.46% over the last month. Alphabet's stock has declined by 6.43% over the last week and 6.34% over the last month.
|Ticker|Name|Interval Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|
|GOOG.O|Alphabet C|-6.36593610293316|20240701-20240730|GOOG|185|
|NVDA.O|Nvidia|-13.436862554638177|20240701-20240730|NVDA|185|
|GOOG.O|Alphabet C|-6.457734204793033|20240724-20240730|GOOG|185|
|NVDA.O|Nvidia|-12.766049433069583|20240724-20240730|NVDA|185|
2. **Technical Indicators**: The 5-day and 10-day moving averages for both stocks are below their respective closing prices, indicating a short-term downward trend. However, the 5-day moving average for GOOG is closer to the closing price than NVDA's, suggesting a potential for a quicker rebound.
|Ticker|Name|5-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|
|GOOG.O|Alphabet C|170.8510|176.2435|20240730|GOOG|185|
|NVDA.O|Nvidia|111.1730|115.8995|20240730|NVDA|185|
3. **Analyst Ratings and Price Targets**: NVIDIA has a consensus rating of "Strong Buy" with an average price target of $834.89, which is a significant upside from the current price. Alphabet also has a "Strong Buy" rating with an average price target of $215. These high ratings and price targets suggest that analysts are optimistic about the future performance of both companies.
|Ticker|Name|Consensus Rating|Average Price Target|Date|code|market_code|
|---|---|---|---|---|---|---|
|NVDA.O|Nvidia|Strong Buy|834.8923076923077|20240729|NVDA|185|
|GOOG.O|Alphabet C|Strong Buy|215|20240729|GOOG|185|
4. **Market Conditions**: The broader market conditions, including macroeconomic factors and industry trends, will play a role in the future performance of these stocks. For example, NVIDIA's stock is influenced by the demand for semiconductors and AI technologies, which are currently hot sectors.
5. **Company-Specific Factors**: Company-specific news and developments can also impact stock performance. For example, NVIDIA's use of Samsung's HBM3 chips could be a positive development for their GPUs. Alphabet's reliance on AMD for parts due to supply issues with NVIDIA could also be a factor.
6. **Risk Tolerance**: Your risk tolerance is an important consideration. If you are comfortable with the potential volatility in the tech sector, you may decide to hold or even add to your positions in these stocks, given the long-term growth prospects. However, if you are risk-averse or have specific investment goals, you may want to consider selling to lock in gains or reduce exposure to potential losses.
In conclusion, while both NVDA and GOOG are currently facing downward pressure, they have strong analyst ratings and price targets that suggest a potential for a rebound. The decision to sell or hold should be based on your investment strategy, risk tolerance, and the specific circumstances of each stock. It may be beneficial to consult with a financial advisor or conduct further research before making a decision.