Zacks Investment Ideas feature highlights Nasdaq 100 ETF QQQ, Super Micro Computer SMCI, Carvana CVNA, and Snowflake SNOW. December tends to be a positive month for stocks, historically seeing gains 74% of the time. The “Santa Claus rally” typically occurs from December 15th to January 5th. Performance chasing and window dressing are common practices on Wall Street, with the Nasdaq 100 ETF up nearly 50% year-to-date.
When looking for stocks to take advantage of the Santa Claus phenomenon, consider those with a strong chart setup, significant year-to-date gains, and institutional favoritism. Super Micro Computer plays a key role in the AI industry, while Carvana is an online automotive retail platform experiencing significant growth. Snowflake, a cloud-based data warehousing platform, is positioned for a software comeback.
Zacks Investment Research offers top stock-picking strategies that have outperformed the S&P’s average gain per year. Past performance is not indicative of future results, and investors should exercise caution. For more information and recommendations, contact Zacks Investment Research at 800-767-3771 ext. 9339 or support@zacks.com.