U - Who Doesn't Feel Comfortable Owning Apple? Nvidia's Upside Volatility.
2024-06-27 08:30:00 ET
Summary
- How Alex King from Cestrian Capital Research and Growth Investor Pro is thinking about the tech sector and bull market.
- Late money arriving and likely heading to Apple.
- NVIDIA stock outlook: High volatility expected, potential for further growth, but caution advised.
- Leveraged ETFs, sector ETFs, and hedging strategies recommended for investors.
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How Alex King from Cestrian Capital Research and Growth Investor Pro is thinking about the tech sector and bull market (0:50). Nvidia's upside volatility and why it has further to run (3:45). What he really likes about ETFs; favoring leveraging and hedging (18:30). Money coming into Apple (23:20).
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Transcript
Rena Sherbill: Alex King from Cestrian Capital Research, always great to talk to you. Always great to have you on Seeking Alpha. Thanks for making the time.
Alex King: Not at all, Rena. Thank you very much for having me back. It's always a pleasure. Thank you.
RS : Yeah. It's always great to talk to you. And I think I've probably said this the past couple of times we've talked because tech is at the forefront of most investors’ minds, I think, and passive participants, similar to active participants at this point, a lot of tech talk specifically around NVIDIA ( NVDA ), but also some other players.
So given that that's your – the crux of your focus, how are you thinking about tech? And if you want to go broader than that market-wise, happy to hear that as well.
AK : Yeah, sure. Okay, great. Well, I think the first thing is that the – I think the notion of this bull market finally sank in, I guess, where we're almost two years into the bull, right? So technically speaking, the bottom was October ‘22.
But really, if you look back through 2022 from around April, May onwards, you could see institutional accumulation in the big names, right, not the really scary high beta stuff, but in the S&P, in the NASDAQ, Apple ( AAPL ), even NVIDIA, you could see those positions building from Q2 onwards....
Who Doesn't Feel Comfortable Owning Apple? Nvidia's Upside Volatility.