Sat, Jun 29, 2024 10:16 AM
Vama Industries: Back-to-back upper circuit; bags new order for Rs 74.32 cr
A Flip by Avya Verma
The S&P 500 index has gained 15.8% this year, with one-third of it attributed to Nvidia's stock, which has risen 156% year-to-date. However, not all AI-related stocks are performing well, with Upstart, Snowflake, and Lemonade down 39%, 29%, and 4%, respectively. To mitigate risk, considering investing in an AI-focused exchange-traded fund (ETF) like the Global X Artificial Intelligence.
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Nvidia and Chipotle Mexican Grill are two stock-split stocks to avoid in the second half of 2024. Nvidia's trailing-12-month price-to-sales ratio is similar to Cisco Systems and Amazon's pre-dot-com bubble peaks, suggesting a bubble. Chipotle's same-store sales growth is slow, and its premium valuation makes it vulnerable to economic downturn.
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According to a Capitalmind report, investors tend to reduce exposure before the Budget due to uncertainty, with a 63% chance of negative returns, but re-enter the market after the event, with a 62% chance of positive returns. However, investing on the day before the Budget yields a 54% probability of negative returns one month later.
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