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All About Pre-Market Trading

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All About Pre-Market Trading

All About Pre-Market Trading

In today’s environment, traders must be willing to watch the markets around the clock. The combination of globalization and new communication technologies mean that markets can be affected by any event in the world at any time.

Therefore, it is important for most active investors to know how pre-market trading works. Using ECNs (Electronic Communications Networks), investors are able to match buy and sell orders in extended hours trading without a middleman.

The ability to trade outside of market hours opens up a realm of possibilities. It allows investors to take advantage of opportunities if they can react fast, and it also allows more defensive postures if the situation calls for it.

Many major news events worldwide do not happen during the North American business day, and can have a big impact on markets: events or disasters such as the Fukushima tsunami, Crimea, ongoing happenings in the Middle East, and the Cyprus banking crisis have all developed while North American investors were sleeping. ‘

Original graphic from: Timothy Sykes

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Markets

Will Tesla Lose Its Spot in the Magnificent Seven?

We visualize the recent performance of the Magnificent Seven stocks, uncovering a clear divergence between the group’s top and bottom names.

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Will Tesla Lose Its Spot in the Magnificent Seven?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

In this graphic, we visualize the year-to-date (YTD) performance of the “Magnificent Seven”, a leading group of U.S. tech stocks that gained prominence in 2023 as the replacement of FAANG stocks.

All figures are as of March 12, 2024, and are listed in the table below.

RankCompanyYTD Change (%)
1Nvidia90.8
2Meta44.3
3Amazon16.9
4Microsoft12
5Google0.2
6Apple-6.7
7Tesla-28.5

From these numbers, we can see a clear divergence in performance across the group.

Nvidia and Meta Lead

Nvidia is the main hero of this show, setting new all-time highs seemingly every week. The chipmaker is currently the world’s third most valuable company, with a valuation of around $2.2 trillion. This puts it very close to Apple, which is currently valued at $2.7 trillion.

The second best performer of the Magnificent Seven has been Meta, which recently re-entered the trillion dollar club after falling out of favor in 2022. The company saw a massive one-day gain of $197 billion on Feb 2, 2024.

Apple and Tesla in the Red

Tesla has lost over a quarter of its value YTD as EV hype continues to fizzle out. Other pure play EV stocks like Rivian and Lucid are also down significantly in 2024.

Meanwhile, Apple shares have struggled due to weakening demand for its products in China, as well as the company’s lack of progress in the artificial intelligence (AI) space.

Investors may have also been disappointed to hear that Apple’s electric car project, which started a decade ago, has been scrapped.

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