Michael appeared on Fox Business on Tuesday to weigh in on the dropping stock prices of Apple Inc. (Nasdaq: APPL), Tesla Motors Inc. (Nasdaq: TSLA), and most importantly, McDonald’s Corporation (NYSE: MCD). With the rise of other fast food conglomerates taking control of the market, does McDonald’s have the heft to take the heat?
I sure hope you didn’t lose faith this year in Ambarella Inc. (Nasdaq: AMBA).
The stock sold off shortly after I recommended it on Jan. 7, but I advised you folks to stick with this winning, fast-moving leader in video-processing technology. Those who did endured a tough patch when the stock declined by roughly 30% from early January to early May.
But staying the course proved highly profitable – Ambarella went on to gain roughly 53% so far this year.
And it’s up some 203% since I first recommended it back on Aug. 2, 2013.
Today, I want to show you the five reasons why the stock has had such a great run
The Tesla stock price opened at $212.38 Thursday, meaning the stock has fallen 27.1% since the all-time it hit in September.
Tesla stock’s dip has coincided with the plummet in crude oil prices. At this week’s five-year low of $53.60 a barrel, WTI crude oil is now down 47.7% in the last six months. Brent oil trades just above $61 a barrel today. The global benchmark priced over $110 a barrel this summer.
And while falling oil prices are being blamed for Tesla’s drop, there’s another more important reason the stock is down…
In its just-released forecast for 2015, CNNMoney.com suggested a “ho-hum year” for stocks.
The popular news service even cited a Goldman Sachs Group Inc. (NYSE: GS) prediction that calls for a gain of less than 2% on the bellwether Standard & Poor’s 500 Index.
As predictions go, this one is pretty mundane. And while folks who buy into this won’t suffer actual losses, they will incur “opportunity losses.”
You see, unlike the tepid forecasts of CNNMoney and Goldman Sachs, I’m forecasting a strong year for stocks – and especially tech stocks – in 2015. And folks who pick the “right” profit plays can do even better than the market.