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Watch These Stocks: Nvidia, Tesla, Apple, and Lumen

The moment that negative market sentiment reverses, investors return to buying old favorites. Nvidia (NVDA) is now up 11.41% in the last week, bouncing from a $90 low last week (August 5) to close at $116.14. Shares must break out of resistance zones before revisiting the $140.76 high.

Markets reacted to Tesla’s (TSLA) strategic plans to halt sales of a cheaper Cyber Truck. After several quarters of declining operating margins, investors are not worried. Instead, they believe that the Truck EV may offset falling profits from the Model 3 and Model Y.

For now, markets are not worried about China flooding the global markets with inexpensive EVs. Look at BYD Company (BYDDF) and Li Auto (LI). They are the only profitable EV firms in China. Avoid NIO and XPeng (XPEV) as their losses increase.

Markets shrugged off Warren Buffett’s disclosure of selling nearly half his stake in Apple (AAPL). Canalysis reported that Apple accounted for 60% of AI-capable PC shipments in the second quarter. This is a feat since Apple does not have Apple Intelligence services in Siri yet.

In the speculative sector, Lumen Technologies (LUMN) is pulling back after shares peaked at $7.83. Longtime investors dumped the stock. They are betting on getting the stock at a lower price. LUMN stock traded as low as $0.78 in the last year. It rallied after securing $5 billion in new AI-related business.