I’ve seen a huge breakdown in interest rates the past few trading sessions, relieving pressure on stocks most sensitive to rising rates — like some of the best tech stocks to trade this week.
If you’ve seen any of my recent videos, then you know I’ve been bullish on tech and I am still highly critical of the FAANG stocks.
You can thank momentum levels, the put/call ratio and other indicators pointing to lower prices in the coming months for that one, folks. But that’s not the point I’m trying to make in today’s video…
This is: Tech stocks are starting to perk up!
So I’ve handpicked some of the best tech stocks to trade that’ll help build the next big thing and be a vital component in the chip supply chain.
The Best Tech Stocks to Trade This Week
The first stock on my list is Nova Measuring Instruments Ltd. (Nasdaq: NVMI).
Nova measuring develops, makes and markets monitoring and measurement systems for the semiconductor manufacturing industry. Its shares are traded both on the Nasdaq and the Tel Aviv Stock Exchange (TASE).
The world’s demand for chips is off the charts!
So the inability to meet demand is making it difficult to buy popular video game consoles, limiting the supply of laptops and crippling automobile production.
But Nova Measuring supplies process control technology that helps fabrication plants improve their output. That puts the company in front and center as chip manufacturers rush to improve their yields.
So it’s easy to understand why this is one of the best tech stocks to trade.
I even have a price target of $115 per share over the next six months, but that’s assuming these momentum levels persist.
I see big profit opportunities here, folks. So check out my short video below to get the next best tech stock to trade this week. And be sure to share your thoughts about these names and any other tickers you like in the comments section.
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P.S. I’m willing to bet most people don’t know this, but it’s possible to have long weekends… every single week!
I’m talking about never having to set an alarm clock on Monday again if they don’t want to! And forget about stressing over how the market will open each week….
Legendary trader Tom Busby is coming clean about a little-known secret that’s given him the chance to signal winners like 104% on FSLR… 122% on MRNA… 232% on ORCL… and dozens more in just 96 hours.
That means retail traders can afford to take an extra day off, relax and spend more time with the people they love.
There’s no wrong way to spend a long weekend, folks…
