AI Stocks Portfolio and Bitcoin September 2024

Stock-Markets / Investing 2024 Sep 03, 2024 - 09:34 AM GMT

Dear Reader

It's your lucky day, you get access to my latest market brief made available to patrons early 3rd September.

.....

AI Stocks Portfolio Brief Going into September - 3rd Sept - 5am UK Time

Dear Patron,

Here is a brief look at the fundamental state of the portfolio going into September in terms of which stocks look cheap following earnings EGF updates.

AI stocks what looks cheap - Nvidia, Google

What look fairly priced - Qualcom, Microsoft

Climate Change
Cheap - CCJ, FCX, OCY, SLB, FSLR - Looks like energy stocks are discounting a drop in demand / recession.
Fair - BHP

Mid Caps
Cheap - GPN - Always looks cheap! No comprende why it's not blasting off into space.
Fair - JBL, Flex, ADSK, GFS, Baidu

Health & Housing
Cheap - IIPR
Fair - FOR, MPW

RDFN - Not surprised it's giving up it's recent gains since it's metrics remain poor, I took the surge towards $12 on rates FOMO to trim hard from 175% invested to current 127%, it could trade to back below $7. Definitely a range trader!

MPW - Appears to be building a base, it's going to be a tough slow climb back to $10 given how many are waiting to exit sell, but rate cut winds are behind it's and other housing stocks sails.

High Risk
Cheap - BABA, Tencent, SYNA
FAIR - MGNI

Spread Sheet link - (PATRONS ONLY)

Stocks not mentioned are expensive / have poor metrics.

BTC $59k

My view in the comments since $62k have been that bitcorn is targeting a trend down to first to $58k and then to $54k. So for my short-term views posted in real time do check out the comments posted under my latest article. Current price action is a bounce off of $57k, so holding support that extends down to $54k so BTC is effectively in a range between $61k and $54k. My view has remained consistent since the March top that following this correction BTC targets a trend to first $88k and then 100k+ probably achieved before the end of this year where the longer this correction goes on the more powerful should be eventual upside breakout, this correction is now 5 months old so at most there could be 1 more month to go before it's blast off time by which time many will have exited crypto. especially those who use leverage and then will scramble to buy back in during the FOMO breakout or worse wait for the dip that never comes.

My next article will be focused on mapping out a stock market tend into the end of January 2025, so for over the next 4 months that I aim to post before next Mondays open.

For immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $7 per month, lock it in now at $7 before next rises to $10 per month for new sign-ups. https://www.patreon.com/Nadeem_Walayat.

Gain access to my most recent analysis -

28th August 2024 - Nvidia Earnings vs Stock Market Correction Window

5th August 2024 - Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks.

30th July 2024 - Dubai Deluge - AI Tech Stocks Q2 Earnings Correction Opportunities

Also access to my comprehensive 3 part How to Get Rich series -

Change the Way You THINK! How to Really Get RICH Guide

Learn to Use the FORCE! How to Really Get Rich Part 2 of 3

The Investing Assets Spectrum - How to Really Get RICH

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So for immediate access to all my analysis and trend forecasts do consider becoming a Patron by supporting my work for just $7 per month. https://www.patreon.com/Nadeem_Walayat lock it in before it next rises to $10 per month for new signup's.

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Your AI tech stocks buying the dips analyst.

By Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 35 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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