When Nvidia stock falls, there are certain stocks in the S&P 500 that tend to rise. According to CNBC, these include the following companies.
The distiller Brown-Formanthe game developer Electronic Artsthe health products manufacturer Henry Scheinwho Software Outsources
Cognizantthe US manufacturer of veterinary drugs and vaccines for pets and farm animals Zoetis and the stock market Cboe be such beneficiaries.
In the past few weeks and the year before, the stocks mentioned showed an inverse correlation Nvidia. Especially after Nvidia’s share price slipped into correction zone again this month. “Investors could consider selling Nvidia too,” recommends Katie Stockton of Fairlead Strategies. “The current chart patterns signal a possible major pullback.”
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