After having violently collapsed due to the public dispute between Elon Musk and Donald Trump, Tesla Inc (NASDAQ:TSLA) stock showed a third consecutive session of strong rebound on Tuesday, finishing the session up 5.67% at $326.09.
Since the low on June 5 at $273.21, Tesla stock has now rebounded by +19.3% in just 3 sessions.
It should be noted that in addition to profit-taking by short sellers and the fact that the Trump VS Musk clash is no longer making headlines, Tesla is also benefiting from the anticipation of the launch of its Robotaxi service in Austin, Texas.
Elon Musk also announced yesterday that the launch should take place on June 22. The month of June had already been mentioned, but Tesla had not provided any specific date.
It is therefore not excluded that Tesla continues its rise in the coming sessions. However, several factors suggest that the stock remains a risky bet in the medium term. Indeed, the future activity of Robotaxi is already partly integrated into the prices, and the company will have to prove that this activity has as much potential as it claims to sustain the rise of its stock.
Moreover, professional analysts have a neutral opinion on the stock, with an average target translating to a downside risk of more than 8%. The Just Value InvestingPro, which synthesizes several recognized valuation models, values Tesla at $275.73, more than 15% below yesterday's closing price.
In this context, other stocks, perhaps less known to the general public, could be more relevant for investors looking to maximize performance in the coming weeks. Indeed, the most relevant stock picks are often made outside the beaten paths and the most well-known stocks to the general public, especially when it comes to technology stocks.
The technology stock picks of this AI are paying off in June
In this regard, the Tech Titans strategy, available to InvestingPro subscribers, has specialized in identifying high-potential US technology stocks, and the performances for the month of June are already impressive.
As every month, the stock revealed on June 1 its list of 15 stocks to consider for the month.
One of the stocks selected at the beginning of the month, ON Semiconductor (NASDAQ:ON), has for example already gained about 25% since the beginning of the month!
And this example is not isolated, as the strategy as a whole, considering the 15 stocks, has returned +9% since the beginning of the month.
Another interesting detail: ALL the stocks identified at the beginning of the month for the Tech Titans strategy are in the green compared to the beginning of the month.
See below the detailed performance of each position for the month of June:
In the longer term, the results are even more impressive. Indeed, our premium members who have been following our ProPicks AI Tech Titans portfolio since its launch in November 2023 have now more than doubled their capital, achieving a massive gain of 105.55%. This corresponds to an impressive outperformance of 66.76% compared to the S&P 500.
The long-term backtest also confirms the relevance of the strategy over time:
Note that the Tech Titans strategy is offered to InvestingPro subscribers alongside more than 30 other strategies managed by Artificial Intelligence (including strategies on French stocks), which also significantly outperform their benchmark indices and also benefit from a monthly update: