Trading Competitions: Week 5 Recap

This week’s competition was filled with new names and old ones as the Stocktwits community battled it out in the last trading competition of the year. 👇

Coming in third place and fourth place were Vioermajs and StockTraderIntel, who returned 9.42% and 9.30%, respectively. Fuzzyavatar eeked them both out, posting a 10.01% gain for the week. 👀

But, they could not knock CryptoWealth off the top spot, with his bullish bet on Tesla propelling him to a 14.48% gain. ðŸĪĐ

Congrats to him, and extra kudos for posting all of his trades in real time on his stream. We love the transparency and interaction with the rest of the Stocktwits community. 👍

We’ll have to wait and see how the first competition of 2024 shakes out; make sure to join or follow along before things get started on Tuesday!

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Trading Competitions: Week 4 Recap

This week’s competition was filled with new names, a change from the last few weeks when several long-term Stocktwits users dominated the leaderboards. But what didn’t change was traders making big gains; let’s see how they did. 👇

Coming in third place was HaltTradeAlert, who made a bullish bet in the pharmaceuticals sector and delivered a 52% weekly gain. Next up was Chaz Russell, who posted a 179% gain after placing bullish bets on Netflix, Carvana, Meta, and other stocks across several sectors. 👀

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Investors Chew On New Opportunities

With the stock market looking to close out an epic fourth-quarter run and overall 2023, investors and traders continue to look for opportunities in beaten-down areas of the market. ðŸ•ĩïļâ€â™‚ïļ

One of the stocks popping up on traders’ radars today is online pet retailer Chewy. The last time we checked in on the stock was in September when the trend of investors ditching unprofitable companies pushed shares to new all-time lows.

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Semi Stocks Continue To Soar

Semiconductor stocks remain the focus of investors and traders, with Nvidia and Super Micro Computer pushing to all-time highs. The industry is starting the week with several analyst upgrades as Wall Street continues to chase these companies higher. 🌠

Despite the growing concern that the fundamentals may not fully support these short-term surges in price, the path of least resistance remains higher.

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Microsoft Briefly Overtakes Apple

While most of the market focused on the spot Bitcoin ETFs beginning to trade today, the second-largest company in the world made a move on its sole competitor. ðŸ”Ū

This morning, Microsoft’s market capitalization briefly crossed that of Apple’s, making it the largest company in the world. While it didn’t last, it does beg the question of which stock will lead the market going forward.

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