• support@madhedgefundtrader.com
  • Member Login
Mad Hedge Fund Trader
  • Home
  • About
  • Store
  • Luncheons
  • Testimonials
  • Contact Us
  • Click to open the search input field Click to open the search input field Search
  • Menu Menu

November 24, 2023

Jacque's Post

 

(A THANKSGIVING TAKE ON THE MARKETS)

November 24, 2023

 

Hello everyone,

The market has just closed 100 points higher today.  Our year-end rally continues.  You may ask “What’s next after the end of the year?”  Short term, may be some volatility; long term, the market is looking good.

Retailers are hard at work endeavoring to attract customers to Thanksgiving sales.  Some people will always part with their money for what they think is a bargain.  Others are more conscious of their spending and where their money is going.  With all that being said, some items are worth a look – especially electronic items.

Bitcoin rose to a new high for the year on Friday – above $38,000.  As I have said before, if you hold it, think about taking half off the table.  It could come down to $20,000 or even lower before eventually rallying to new highs.

Don’t rule out a retest of 1900 in Gold before moving higher.  Certainly, we could well test the 1940 to 1960 area.  Within the next five years, Gold could move to around 2,800.

Be mindful that we could get another retest of the higher levels in yields.  If the yield on the 10-year Treasury note begins to move above 4.55%, that could put some pressure on the equity market.

“Edge AI” will be the trend going forward in artificial intelligence.  This theme involves running AI algorithms directly on a user’s device, be it a smartphone, laptop, or wearable, among other things.  Morgan Stanley argues that 2023 has been all about Generative AI, cloud, GPUs, and hyperscales, and they will remain core to the secular machine learning trend.  Edge AI can help save costs and reduce latency (or lag time), among many other benefits.  Everyday examples of Edge AI include facial recognition on smartphones and voice recognition in smart speakers.  Morgan Stanley points out that with the advent of Generative AI, the impetus for device upgrades to enable greater computational power natively on consumer hardware is accelerating and spanning beyond often narrowly used smart speakers.  The bank goes on to say that such AI-driven consumer use cases will become integrated into everyday devices – presenting several opportunities for investors.

The bank named four companies that are set to be key beneficiaries of this trend and likely to outperform in 2024 and 2025.

Apple – well-positioned to expand all facets of Edge AI.  The consumer trust in Apple’s data gathering and large user base gives Apple another leg up in using Edge AI applications to harness and apply new data.  Price target - $210 or a potential upside of around 10%.

Dell – best positioned to capitalize on both the cyclical rebound in hardware markets and the long-term growth of AI-related infrastructure (PCs, Servers, Storage) over the next two years.  Dell is expected to launch new AI-enabled laptops and workstations in the next 12 months.  The price target is $89 or a potential upside of nearly 21%.  (Watch for some volatility in this stock in the next few months).

MediaTek – the largest chip design house in Asia is gearing up for Edge AI. Price target is 1,000 New Taiwan dollars ($31.70) or a potential upside of 6%

STMicroelectronics – The key attribute of this stock will be its energy-efficient computing. Long-term value in its efficiency in automotive, mobile, healthcare, and industrial IoT.  Price target of 48 euros ($52) or potential upside of nearly 16%.

 

 

Enjoy your break.

Cheers,

Jacquie

Share this entry
  • Share on Facebook
  • Share on X
  • Share on WhatsApp
  • Share on Pinterest
  • Share on LinkedIn
  • Share by Mail
https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 april@madhedgefundtrader.com https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png april@madhedgefundtrader.com2023-11-24 12:00:092023-11-24 15:33:55November 24, 2023

tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with Mad Hedge Fund Trader (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website. Marketing Agent is independent and is not an affiliate of tastytrade. 

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

Copyright © 2025. Mad Hedge Fund Trader. All Rights Reserved. support@madhedgefundtrader.com
  • Privacy Policy
  • Disclaimer
  • FAQ
Link to: November 24, 2023 Link to: November 24, 2023 November 24, 2023 Link to: November 27, 2023 - Quote of the Day Link to: November 27, 2023 - Quote of the Day November 27, 2023 - Quote of the Day
Scroll to top