META - Missed Apple Rally? This Expert Says Focus On 'Winner...in The Magnificent 7' Club: '72% Of Meta's Activity Over The Last 2 Weeks Has Been Bullish | Benzinga
JJ Kinahan, Chief Market Strategist at IG North America, shared his surprise over the bullish activity surrounding Meta Platforms Inc. (NASDAQ:META) in recent weeks.
What Happened: Speaking on CNBC's Last Call on Wednesday, Kinahan noted that retail investors have not missed out on the Apple rally since retail investing is a long-term process.
He added that around 60% and 66% of Apple and Nvidia’s activity, respectively, have been bullish over the past 2 weeks. "But the winner in the clubhouse, in terms of the Magnificent 7, is Meta. 72% of Meta's activity over the last 2 weeks has been bullish," highlighting retail investors' buying trends.
Kinahan expressed his astonishment at the level of bullish sentiment, stating, “I find that really surprising and something to watch.”
See Also: Investor Naval Ravikant ...