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Is this the right time to buy this tech stock with red hot seasonals?

Is this the right time to buy this tech stock with red hot seasonals?

Is this the right time to buy this tech stock with red hot seasonals?

in Weekly Forecasts

With a potential Fed hike coming tech stocks could rise further as the Nasdaq has seen further gains recently.

Nvidia seasonals are extremely strong. Over the last 10 years, Nvidia has risen a total of 10 times in 10 years between July 14 and September 07 with an average return of +7.81%. The largest gain was in 2016 with a 16.85% gain.

Major Trade Risks: US equities are very highly valued right now and at some point a correction is due, so investors need to be aware of a potential correction.

Nvidia Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California. It designs graphics processing units for the gaming and professional markets.


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Disclaimer: Any opinions made may be personal to the author and may not reflect the opinions of HYCM. All expressions of opinion are subject to change without notice. This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of HYCM, a third party or otherwise. Past performance is not an indication of possible future performance. Without the approval of HYCM, reproduction or redistribution of this information isn’t permitted.

Legal Information: HYCM is the trading name of Henyep Capital Markets (UK) Limited, HYCM (Europe) Ltd, HYCM Limited and Henyep Capital Markets (DIFC) Limited for which the Henyep Capital Markets group is holding company and its assets are a controlling equity interest in them.

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