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Benzinga
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Top 2 Tech & Telecom Stocks You May Want To Dump This Quarter

1. Baidu's shares gained 5.9%, driven by autonomous driving developments. 2. CarGurus reported strong Q2 results, shares up 1.4%. 3. Both stocks show overbought conditions with high RSI values. 4. Baidu gained 45% in a month, signaling strong momentum. 5. CarGurus launched a $150 million share repurchase program.

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FAQ

Why Bullish?

Baidu's performance and CarGurus' strong earnings indicate sector strength, likely benefiting S&P 500.

How important is it?

Positive momentum in key tech stocks can uplift the S&P 500, especially in tech-heavy environments.

Why Short Term?

Immediate gains from momentum stocks like Baidu could influence the broader market quickly.

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