How 2023’s Rallying Tech Stocks Rate

It’s a special year-end edition of Stock Power Daily. [Turn Your Images On] How 2023’s Rallying Tech Stocks Rate Editor’s Note: It’s been a crazy year. Did anyone expect a small batch of mega-cap tech stocks to fuel a massive bullish run after a year of disappointment in 2022? With that as a backdrop, here’s a quick breakdown of how some of this year’s best performers look within Green Zone Power Ratings. Will these stocks keep climbing higher? Read on… - Meta Platforms Inc. (Nasdaq: META): Since January 1, META stock has soared more than 185%. That’s more than 7X the broader market! It’s still boasting a [“Strong Bullish”]( rating in Adam O’Dell’s system, so expect more outperformance from here. - Amazon.com Inc. (Nasdaq: AMZN): The e-commerce giant keeps growing, but this [“Bullish”]( stock couldn’t quite keep up with some of its Big Tech peers. AMZN stock gained almost 80% for the year and is set to beat broader indexes as we head into 2024. - Alphabet Inc. (Nasdaq: GOOGL): Like Amazon, Google managed incredible gains in 2023, but its 57% jump over the last 12 months pales in comparison to other innovators. That said, a [“Strong Bullish”]( rating is never a bad thing… - NVIDIA Corp. (Nasdaq: NVDA): Buzz around artificial intelligence drove billions of dollars into NVDA stock this year. It’s up almost 240% year to date, making it the best performer of the so-called Magnificent Seven. While expecting that kind of outperformance again isn’t wise, NVDA is still rated [“Bullish”]( in Adam’s system. - Apple Inc. (Nasdaq: AAPL): Apple played a smaller role in this year’s rally, gaining 54% since January 1. Like its compatriots in the Magnificent Seven, it also rates [“Bullish.”]( You’ve probably spotted a theme here… Big Tech was bullish in 2023, and it looks like we’re set for more outperformance in the new year. We’ll see how it plays out, and what Green Zone Power Ratings says all along the way. — The Money & Markets team --------------------------------------------------------------- Top Stock Power Daily Stories From 2023 [Turn Your Images On]( [The Stock Market Is Full of Losers]( [Turn Your Images On]( [2023 Recap: Big Gains Amid a Quiet Steel Rally]( [Turn Your Images On]( [Top Story: The Energy War Is Bullish for Both Sides]( [Turn Your Images On]( [More MLP Checks Are Set to Go Out January 2]( --------------------------------------------------------------- [Turn Your Images On]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: [( Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2023 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Money & Markets. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 800-684-8471) Remove your email from this list: [Click here to Unsubscribe](