Before the market opened on Wednesday, the most-discussed equities on the Reddit subforum Wallstreetbets were up, with Tesla TSLA taking the lead.
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The best response to the question of whether it is time to purchase Apple (NASDAQ: AAPL) is possibly. Perhaps now is a good moment to purchase stock in the largest manufacturer of consumer goods in the world, perhaps now is a good time to invest in this company's strong cash position and secure dividend, but perhaps now is also a good time to remain passive.
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The year 2023 got off to a strong start for Chinese internet giants including Alibaba (NYSE:BABA), Pinduoduo (NASDAQ:PDD), and Tencent Holdings (OTCPK:TCEHY), as Beijing's new foreign minister declared his desire to strengthen ties with the United States.
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After a three-day holiday weekend, Wall Street resumes trading on Tuesday with futures indicating a stronger opening. Here are a few stocks to keep an eye on on Tuesday:
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The S&P 500's best-performing semiconductor companies on Thursday included Skyworks Solutions (NASDAQ:SWKS), Nvidia (NASDAQ:NVDA), and Advanced Micro Devices (NASDAQ:AMD), as the market as a whole and the tech sector recovered after two days of weakness.
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According to Bloomberg, which cited CEO David Solomon's year-end address to staff, Goldman Sachs (NYSE:GS) plans to start a new round of layoffs in the coming weeks as the Wall Street business deals with tighter monetary conditions and decreasing economic activity.
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Stocks were set for a higher open on Wednesday after a choppy start to the holiday-shortened week. With many players still on holiday and a general lack of catalysts, volume is likely to stay low. The following equities are recommended for Wednesday:
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