3 Market Leaders To Buy It’s Not Apple Stock – Investorplace.com


It is time for investors to step in to buy a bear market which has quickly become a significant fund. One way to align your portfolio for this purpose is to buy three of the following stocks. These stocks have little to do with market capitalization and everything to do with future growth and technical leadership in the stock market of today and tomorrow. Let me explain.

Don’t take the wind from the sails of Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT) or Amazon (NASDAQ:AMZN). The tech giants are the three largest market capitalization companies with valuations, even after the 2020 bear cycle, on each side of $ 1 trillion. It is significant to say the least.

Apple, Microsoft and Amazon stocks are also important as they influence larger averages like S&P 500, NASDAQ composite and Dow Jones Industrial Average almost daily. The point is, each of these mega-cap stocks are blue chips that are in the habit of moving. However, there is more to follow and invest successfully in the market.

In the wake of last week’s dubious but historically critical follow-up day in the S&P 500, and last Monday’s technically favorable volume hike, it’s time to consider what to do next. Three stocks to buy that not only influence, but are more likely to drive the market up, include:

  • Advanced micro-systems (NASDAQ:AMD)
  • JD.com (NASDAQ:JD)
  • Zscaler (NASDAQ:ZS)

Keeping this in mind, let’s take a look at these three companies demonstrating the good things out and about the price chart during the new coronavirus-based fix.

Shares to buy: Advanced Micro Devices (AMD)

Source: Charts by TradingView

Semiconductor withstand Advanced micro-systems (NASDAQ:AMD) is the first of our market leaders to buy. The AMD stock of course only requires an introduction. Actions have collapsed in the past two years following deployments of well-received chips and processors. It gave tastes of Intel (NASDAQ:INTC) and Nvidia (NASDAQ:NVDA) a run for their money. And there should be more to come for this growing market capitalization of $ 55 billion as the bull market emerges.

Technically and based on the overall sustainability of Advanced Micro Devices thanks to the bearish correction in the market, there are now more reasons to believe that the leadership and rally of AMD stocks on the price chart is not over.

A 37% drop from the all-time high and the February candle was countered by a bullish candlestick formed in the AMD title in March. In itself, it’s a breath of technical fresh air. But it’s better.

Bullish, the model developed around the former top of the title. In addition, the stocks of this market leader have maintained their upward trend in the long term while finding support above the 38% retracement level linked to the lowest level of 2015, but written off. Case closed!

JD.com (JD)

Source: Charts by TradingView

JD.com (NASDAQ:JD) is the next of our market leaders to buy. Despite the trade war of the past two years and the coronavirus, the “other” Chinese Amazon and second giant Ali Baba (NYSE:BABA), has managed to demonstrate an enviable resilience in its activity. According to UBS, last month’s results undermined top-notch fundamentals that are likely to continue into the future.

On the JD stock chart, this market leader to buy also has a lot to gain.

At the end of last year, JD.com stocks put in place a strong bullish break in monthly head and shoulder training. The initial rally has now been confirmed by the successful hammer test of the model’s right shoulder in March. To say the least, the upward price action has been reaffirmed considerably.

Conservatively and depending on the size of the head and broken shoulders formation in the JD stock, I believe that a rally at $ 60 by the end of 2020 seems very possible in this market leader at buy.

Zscaler (ZS)

Source: Charts by TradingView

The last of our market leaders to buy is Zscaler (NASDAQ:ZS). Of our actions to build today’s radar, the ZS action is probably the most unknown. But make no mistake, this $ 8.19 billion cloud-based cybersecurity company deserves to be known.

The company’s Zscaler Private Access (ZPA) product replaces virtual private networks (VPNs). In addition, since the start of the year, the company’s global traffic has more than tripled, driven by a 1,200% increase from China. And that sounds like huge news for this $ 8.2 billion market capitalization with existing double-digit sales growth.

Technically, Zscaler’s good fortune is appreciated by investors. After a long bearish phase, the shares of this market leader rallied sharply against a double bullish background to challenge the 50% retracement level of the corrective base. But don’t think for a second that you’re too late for the party.

The bottom line is, with a larger market now showing definite signs of life, the ZS stock is the type of more recent growth worth knowing. And with Zscaler leading the higher averages over the past two weeks and its larger correction in favor of a new bullish phase for equities, a break in the model above resistance in the coming days augurs well for the company in the weeks and months after Covid-19.

The investment accounts under the direction of Christopher Tyler hold no positions in the securities mentioned in this article. The information offered is based on Christopher Tyler’s observations and is intended for educational purposes only; the use of which is the responsibility of the individual. For additional market information and related thoughts, follow Chris on Twitter @Options_CAT and StockTwits.