SPX & NDX Show "Change in Trend," Value Case for GOOGL & META

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SPX & NDX Show "Change in Trend," Value Case for GOOGL & META

Schwab Network

6 minutes 27 seconds

1 day ago

SPX & NDX Show "Change in Trend," Value Case for GOOGL & META

Matt Maley sees a "change in trend" after the SPX and NDX closed below their 50-day SMA this week for the first time since April. He believes investors are taking froth out of the markets. Matt leans cautious on Nvidia's (NVDA) earnings due to the surge in A.I. spending from hyperscalers. He likes Meta Platforms (META) as a value play after the social media giant sold off post-earnings. Alphabet (GOOGL) is another favorite of Matt's but he suggests investors wait for a pullback before adding it to positions.

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