CNBC Pro compiled a list of Nasdaq 100 stocks with strong fundamentals and attractive prices. They used the word "fundamentals" without laughing. Professional operation.
The list exists for the second half of the year. Not the first half. The first half already happened and those picks probably sucked, which is why we're getting a fresh batch now. Clean slate. No one remembers January.
Strong fundamentals means the company makes money or might make money or used to make money. Attractive prices means the stock went down. That's the whole formula. Analysts spent six figures on Bloomberg terminals to figure out which numbers got smaller.
The Nasdaq 100 contains one hundred stocks. They narrowed it down to several. Several is the exact number of stocks you should buy if you want to feel like you did research but also want to be wrong about most of them. Diversification for people who read headlines.
Retail traders will screenshot this list. They'll buy on Monday. The stocks will immediately go down because that's what happens when you get your investment thesis from a cable news subscription service. By August these same analysts will release a new list. Different stocks. Same confident tone. No one will mention the July picks.
Technical analysis says none of this matters. The chart doesn't care what CNBC Pro compiled. The chart doesn't read. It just moves based on where big money decides to f*ck over small money, and small money is currently reading lists of several stocks with strong fundamentals.
The second half of the year lasts six months, which gives analysts plenty of time to be wrong and then explain why being wrong was actually sophisticated.
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