NVDA - McGonagle On Tech Stocks Key Indicators The AI Boom And Market Outlook

2024-06-22 06:00:00 ET

Summary

• Mary Ellen, Senior Managing Director of Equities at Simpler Trading and Editor of the MEM Edge Report, believes the AI boom is both powerful and real, rather than simply the second coming of the Dot-Com Bubble. She outlines her reasons in this episode – and names two stocks in the semiconductor space to target.
• While the market remains tech-led, she has seen some encouraging action in industrials - eyeing financials - and in the meantime, thinks Netflix is a good non-semi play for investors.
• She also discusses her technical analysis methodology, including which two indicators she watches closely when determining whether stocks or sectors are in healthy, positive uptrends.

By Mike Larson, Editor-in-Chief, MoneyShow

Mary Ellen McGonagle, Senior Managing Director of Equities at Simpler Trading and Editor of the MEM Edge Report, covers the outlook for the stock market, standout sectors like technology, and why the AI boom is not like the Dot-Com Bubble all over again.

Transcript

Larson - Hello and welcome to our latest MoneyShow MoneyMasters Podcast segment. I'm Mike Larson, Editor-in-Chief at MoneyShow. And today, I'm pleased to welcome a brand-new guest to the show. She is Mary Ellen McGonagle, Senior Managing Director of Equities at Simpler Trading and Editor of the MEM Edge Report...

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