The Nasdaq-100 Index may have topped out – for now – leaving big names such as Apple Inc (AAPL) and Amazon (AMZN) vulnerable to the fury of the bears. Nevertheless, not all stocks in the index have a bleak short-term outlook. Several tech giants have already suffered vicious corrections and now offer investors surprising upside. Tesla Inc. (TSLA), Nvidia Corp. (NDVA), and Intel Corp. (INTC) belong to that category.
Tesla has been bearish ever since it failed to take out resistance of $375 in December 2018. The turn of the new year hasn’t been kind to the stock, but its fortune is about to change now that its Chinese subsidiary has teased a tantalizing announcement.