TheDrop Market Analysis, 8/20/24

All index funds are down. The S&P 500 is down 0.20%, the Dow is down 0.15%, and Nasdaq is down 0.33%. This marks the market-wide end of last week's bullish recovery from the week before's minor crash.

AMD is up considerably, continuing yesterday's momentum from purchasing ZT systems, a key server maker. HP stock finally reached its "consolidation" phase after its sharp decline. Apple stock also rises after enthusiasm for AI reaches its peak in Nvidia and are now shifting toward Apple. Xiaomi is up marginally after beneficial vehicle sales results.

Meanwhile, the vast majority of large companies are down today, from Nvidia to Tesla to Intel, as the market prepares for the upcoming Fed decision which is expected to be announced by chair Jerome Powell in the coming days or weeks.

We highly recommend buying high-potential stocks such as Nvidia and Fiverr because prices are so low today, and these companies are expected to shoot up significantly if their AI investments succeed.