Mag7 is not overvalued but not

Mag7 is not overvalued but not tempting to buy. If the forecast materialise, then they are currently trading at undervalued if the AI story plays out well. However, I would prefer to watch now. I definitely prefer the Chinese tech stocks as they are cheaper but would prefer to trade as they are also quick to drop with unfavourable news, especially with the potential for a trade war with the US. Although they have rallied quite a bit since late last year, they are still cheap and is tempting for a quick trade. The speculation of shift from west to east has been there for a long time but investors need to be confident for it to happen and investors are less so for the Chinese market compared to the US due to the bigger role of government at play compared to market forces where policies can quickly happen and stock prices swing. I wish I have a crystal ball to know when but I don’t think it will happen in the next 5 years for investors to go in big.

Mag 7 Faces Resistance: Break Out or Crash Down? What's Your Bet?

As U.S. stocks rebound, the Magnificent 7 surged yesterday but are now facing key resistance levels. Is the outlook for U.S. equities finally clearing up? After a strong earnings season, which tech giant is most likely to break out? Following last week's AI-driven volatility, Wedbush removed Google from its “Best Ideas List.” Is this the perfect dip-buying opportunity or exit chance for Google?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

JONESTea
05-08
JONESTea
Smart decision
- MHh:
  Thank you

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