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3 Nasdaq 100 stocks to beat the market


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Most risky assets of all sizes and mission statements have taken a hit this year. But under the headlines of a bear market and now tons of warnings of a dead cat bounce, some character change is happening. Moreover, it is worth buying with select Nasdaq 100 shares today.

For a second week in a row, Wall Street is more than squeezing the bears into the major averages. Led by tech stocks, the Nasdaq 100 reaffirms the strong gain of the past five-day period and its critical bullish price and volume signal known as the tracking day, or FTD.

If investors want to bet on something substantial that is more important than inflation, next week’s European Central Bank rate decision, or supply chain issues, know that no modern bull market in equities US only happened without FTD in place.

That’s not to say every FTD turns into a bull market, as a few have already failed in 2022. But a third time looks more charming for buyers of these three Nasdaq stocks set up for sizzling returns from this summer.

CEG Constellation Energy Corporation $65.30
AMZN Amazon $2,434.66
NFLX netflix $200.69

Constellation Energy Corp (CEG)

Source: Charts from TradingView

Constellation Energy Corporation (NASDAQ:CEG) is the first of our Nasdaq 100 stocks that is sure to outperform and in a long position.

There is no doubt that CEG is not the first name that comes to mind with the Nasdaq, maybe not even the last that you consider. For one, its ticker is three letters and not the standard four associated with ever-popular favorites like Microsoft (NASDAQ:MSFT) Where You’re here (NASDAQ:TSLA).

Plus, CEG stock isn’t your typical Nasdaq 100 tech stock. It’s a utility company.

Beyond these quirks, the recent spin-off is the index’s best performer in 2022 with a return of around 70%. Constellation Energy is also the nation’s largest clean energy utility and a leader in alternative energy with its integrated platform of sustainable energy solutions.

Technically speaking, this Nasdaq 100 stock is also gearing up to continue its market leadership.

Today, stocks are trading in a classic bullish cup-and-handle formation. Buying CEG stock on a handle break should reasonably lead to fresh highs and the momentum could easily take this Nasdaq 100 stock towards $75-$80 before channel resistance kicks in.

Amazon (AMZN)

Source: Charts from TradingView

Amazon (NASDAQ:AMZN) is the next of our Nasdaq 100 stocks to buy.

Unlike CEG stock, Amazon is no stranger to investors, with most sills, screens and businesses dependent on the diversified tech giant’s retail and cloud services. He is an undisputed 800 pound gorilla.

Despite Covid-19 and Russia-related challenges impacting its business expansion, as evidenced by Amazon’s latest quarterly results, the report was not as toxic as the aftermath of the slump in Wall Street stocks as strong cloud and advertising results from AWS were swept under the rug.

Fast forward a few weeks with the market FTD in place, and it’s time to be optimistic that a fourth Nasdaq 100 stock buy decision will be a bargain for investors.

After three failed double-dip buy decisions in the past year and changes, the monthly view reveals a very attractive monthly oversold bullish hammer formed outside the AMZN Bollinger Band which rests on the key trend longer term, Fibonacci and price support.

A bullish out-of-the-money call spread over the medium to longer term looks like a terrific “package” to generate profits with greatly reduced risk on monthly price confirmation near this Nasdaq 100 stock.

Netflix (NFLX)

Source: Charts from TradingView

netflix (NASDAQ:NFLX) is our last Nasdaq 100 stock to buy. Not that I saved the best for last, but for contrarian investors, NFLX stocks certainly look the part.

After April’s epic 35% plunge following Netflix’s terrible-sounding earnings report and management’s warning of an even worse quarter ahead, this Nasdaq 100 stock is about as bad as possible. Well, for some investors at least.

With NFLX down 67% year-to-date, sitting in last place in its Nasdaq 100 constituency, and splitting 71% since November’s all-time high, the price chart has formed well for buyers. contrarian style.

Technically, the streaming giant’s selloff manifested itself in a confirmed hammerhead candlestick. Combined with the oversold formation finding Fibonacci and decade-long trend support, the reversal pattern signaling outside the lower Bollinger Band and Stochastics now lining up to the upside, this Nasdaq 100 stock is in position for a happy ending.

I would suggest a modified fully hedged or even partially hedged collar in this Nasdaq 100 stock so investors can move into the next and hopefully bullish scenario with more authority.

As of the date of publication, Chris Tyler had (neither directly nor indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com publishing guidelines.

The post 3 Nasdaq 100 Stocks to Beat the Market appeared first on InvestorPlace.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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