Reported 8 months ago
On June 19, 2024, National Securities analyst Sun Jiaming reported that the Fed maintained the benchmark interest rate at 5.25-5.5%, alleviating market concerns over rate hikes. Tech stocks and AI concept stocks in the Taiwan stock market have shown promise post-COMPUTEX, particularly with NVIDIA, AMD, and Intel making significant moves in the AI field. Noteworthy stocks include TSMC and Apple's supply chain. Amid escalating economic pressure from Mainland China on Taiwan, certain stocks could face downward pressure. However, this impact may be limited given the previous use and market preparedness for such trade actions. Investors are advised to seize opportunities in undervalued high-yield stocks and strategically position themselves in the market. High-performing stocks like TSMC and Hon Hai Precision Industry have hit record highs, while smaller stocks have shown lackluster performance compared to blue-chip stocks. Investors can focus on stocks with strong May revenue performance and invest in companies with positive growth prospects. The Apple WWDC outlined future developments, particularly addressing privacy concerns and distinguishing itself from other tech giants, prompting increased market interest in Apple-related stocks.
Source: YAHOO