Update to $TSLA, $NVDA and $MCD - Looking through our picks, did we miss the boat or hit the mark?
TLDR: We wanted to emphasize the importance of educated investing for building a sustained future. The article discusses our views on investments we’ve covered over the past several weeks including Tesla (TSLA), Nvidia (NVDA), and McDonald's (MCD). We reflect on previous predictions and provide updated insights into each company's potential future growth.
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To date we’ve written about quite a few investments. Re-visiting some of these names and how they have performed since.
Tesla (TSLA):
We love $TSLA here. As a fan of the company and vehicle, I’ve often said it just works. Minimalistic experience, ease, and design.
When we covered TSLA we did not expect it to go beyond $217 when it was $205. It has since come down as low as 26%.
When we covered TSLA in February we were watching the $160 range. As of this writing we are currently at $162 after they posted their Q1 earnings. While market conditions are always changing, it is crucial to have a nimble game plan. We can’t time the market but can gauge the direction it goes into and plan accordingly.
Check out our write up on TSLA here.
Nvidia (NVDA):
The future may be bright for this chip manufacturer. With a broad runway ahead of them with Artificial intelligence being the buzz recently NVDA has gone beyond our expected $260 amount stated in an earlier newsletter to $270. Is it too late to get onboard this big gainer? Check out our earlier prediction on price entry points here.
McDonald’s (MCD):
Since writing about McDonald’s and how it has been a recession proof company with historical gains; it’s stock price went from $267 to $293. A 10% return in less than a month is more than banks offer today. With a recession, will this climb continue? There are a few tailwinds as of recent with McDonald’s to take into consideration.
One of which is trying to maintain and convert younger demographics.
Analysts have recently upgraded the stock, earnings have showed strong sales growth with increasing consumer prices and increasing traffic to its stores, McDonald’s seems to have the recipe to fight through this upcoming recession. With all stocks, don’t go out and rush into it. Always wait for a pull back to see if McDonald’s replicate historical success with such a run in the past. More of our thoughts on whether this is a buy or not here.
Please consult your financial advisor before making any investments.
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