May 2, 2023
NASDAQ Breaks Out Again; 2 Stocks To Consider NOW
The NASDAQ Composite Index has been on a tear lately, breaking out to new all-time highs. This is great news for investors who have been holding tech stocks, as the NASDAQ is heavily weighted towards technology companies. With the index breaking out again, it's a good time to consider adding some tech stocks to your portfolio. Here are two stocks to consider now:
1. Apple Inc. (AAPL)
Apple is one of the most valuable companies in the world, with a market capitalization of over $2 trillion. The company is known for its iconic iPhone, but it also has a strong presence in other areas, such as wearables, services, and home automation. Apple has a loyal customer base and a strong brand, which helps it maintain its dominance in the tech industry. The company has also been returning value to shareholders through share buybacks and dividends. With the NASDAQ breaking out again, Apple is a stock to consider adding to your portfolio.
2. Amazon.com Inc. (AMZN)
Amazon is the largest online retailer in the world, with a market capitalization of over $1.5 trillion. The company has been expanding into new areas, such as cloud computing and advertising, which has helped it maintain its growth trajectory. Amazon has a strong competitive advantage, with its vast distribution network and customer data. The company has also been investing heavily in new technologies, such as artificial intelligence and robotics. With the NASDAQ breaking out again, Amazon is a stock to consider adding to your portfolio.
In conclusion, the NASDAQ breaking out again is a good sign for tech investors. Apple and Amazon are two stocks to consider adding to your portfolio, as they are both leaders in their respective industries and have strong growth prospects. As always, it's important to do your own research and make investment decisions based on your own risk tolerance and investment goals.