Title: Benzinga Highlights Top Stocks to Consider for Investing
Introduction:
In today’s financial news, Benzinga provides insights on several key stocks, including SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust Series 1 (QQQ), Apple Inc. (AAPL), Microsoft Corp. (MSFT), NVIDIA Corporation (NVDA), Alphabet Inc Class A (GOOGL), Meta Platforms Inc (META), and Tesla Inc. (TSLA). These stocks’ analysis is based on Benzinga’s proprietary formula, which considers price, volume, and options flow, and is regularly updated for Clubhouse Members.
SPDR S&P 500 ETF Trust (SPY):
The SPY is currently trading around $497.55. For bullish investors, a break above $498.17 could indicate positive momentum, with the next target at $498.93. Holding above this level may open the path towards $500.17, while the ultimate bullish target for the day stands at $500.91. On the other hand, if the support at $497.55 fails, a bearish scenario could test $496.93 and potentially $495.96. Breaking below $494.93 may lead to a further decline with the bearish target set at $494.27.
Invesco QQQ Trust Series 1 (QQQ):
The QQQ ETF is currently positioned at $427.32, and bullish investors are eyeing a rise above $428.50 to establish it as a new support level. Further targets include $429.40, $430.16, and $431.18, with the highest bull target set at $431.82. However, if the price struggles to stay above $427.32, bears might take control and push the price towards $426.64 and $425.77. A break below $424.82 could lead to a deeper decline, targeting $424.04.
Apple Inc. (AAPL):
AAPL is trading at $181.25, and bulls are looking for a rise towards $182.27. Sustaining bullish momentum could potentially drive the price to $182.96, with the high target set at $183.38. On the flip side, a drop below $181.25 may push the price towards $180.60 and $180.10. If selling pressure intensifies, further support levels to watch are $179.36 and the bearish target at $178.61.
Microsoft Corp. (MSFT):
MSFT is currently trading around $400.30. Bullish investors aim to maintain levels above this price, with an initial target at $401.39. Sustaining this support could lead to an upward move towards $402.74, with the ultimate bullish goal set at $404.92. Conversely, a failure to hold the support level may push the price towards $399.21 and $398.38. Further downward pressure may lead to $397.65, with the lowest bear target set at $395.68.
NVIDIA Corporation (NVDA):
NVDA hovers around the $711.29 level, and bulls aim for a rise to $714.24. Establishing this as a support zone may lead to targets at $717.55 and $721.58. If the support level fails, bears might lower the price to $707.35 and $704.92. Persistent selling could push the price towards $702.04, with the bearish target at $699.77.
Alphabet Inc Class A (GOOGL):
GOOGL’s trading activity centers around the $139.46 level, and bulls aim to hold it as a support base. Further targets include $140.05 and the high bull target at $140.57. However, breaching the support level may lead to a decline towards $138.39 and $137.79. In case of significant selling pressure, the price might reach the day’s bear target at $136.94.
Meta Platforms Inc (META):
META is positioned at $468.38, and bulls strive to keep the price above this level. If successful, the initial target lies at $470.28, followed by $472.19 and the high bull target at $473.93. On the downside, a failure to hold the support level might lead to a drop towards $465.81 and $464.57. Further bearish pressure could push the price to the day’s low bear target of $462.20.
Tesla Inc. (TSLA):
TSLA is currently at $195.91, and bullish investors eye an upward move towards $200.43. Sustained buying could lead to targets at $204.33 and $206.71, with the highest bull target set at $209.51. If the support level at $195.91 fails, a test lower at $193.81 is likely, followed by $191.52. Breaking below $189.22 could reach the day’s bearish target.
Conclusion:
Today’s trading session lacks significant data releases, but attention is drawn to the Treasury’s 52 Week Bill Auction. Traders are advised to adopt a cautious approach considering upcoming events, such as the FOMC minutes and PMI data. Market Clubhouse offers exclusive insights and live analysis to optimize investment strategies.
