Serenity lists the U.S. stock market "oversold" stocks: actual interest rate hikes benefit CRCL, and AI stocks to watch include AAOI and JBL.
BlockBeats news, on June 24, Serenity posted that from the perspective of swing and recovery trading, some "oversold" stocks in the current US stock market are worth attention. CRCL fell from $132 to $78, yet the rate hike is actually beneficial to this asset; NFLX has dropped 41.6% in the past year, and although it may lack blockbuster content like "Squid Game," its business is still growing; ETHA and IBIT correspond to ETH at approximately $1,650 and BTC at around $62,000, respectively. Serenity remains optimistic about ETH in the $1,500 to $1,700 range, and is also bullish on Bitcoin around the current price.
From a swing trading point of view, ASTS seems to always recover from around $70; META and MSFT have pulled back significantly from highs due to capital expenditure pressures, but both companies are still growing rapidly; UPWK currently has an extremely low P/E ratio and might be worth renewed attention; with RDDT currently around $170, selling cash-secured puts near $150 might be ideal.
Regarding AI-related stocks, Serenity stated that AI infrastructure spending will continue to rise until 2028, so he is still investing around bottlenecks. He personally believes AAOI is very attractive near $150, and JBL is similarly attractive around $370 and a market cap of approximately $39 billion. If TSM is raising prices, its $1.9 trillion market cap may be underestimated, and it has been reported that a roughly 10% price increase might bring about a 2 percentage point boost in profit margin.
Serenity added that he still holds EWY and storage-related exposures but personally will not continue to increase his position. For INTC, MRVL, and other stocks, he believes that if one does not have a position, current prices are already quite reasonable, and with very high implied volatility across the market, it may be more suitable to sell cash-secured puts.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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