June 21, 2024

The Secret to Strong Returns: Investing in High-Potential Stocks like Nvidia”.

1 min read
Here’s Why Adding This Computer and Technology Stock to Your Portfolio Could Be a Smart Move

Investing can be overwhelming for beginners, and building a portfolio from scratch can seem daunting. However, a proven strategy to start is by focusing on stocks that have the potential to outperform the market in the next 12 months. This can lead to strong returns.

One promising stock that could be a valuable addition to your portfolio is Nvidia (NVDA). Known as the worldwide leader in visual computing technologies, Nvidia has transitioned from PC graphics to AI-based solutions that support various high-performance computing applications, gaming, and virtual reality platforms.

Nvidia’s stock price has soared by 2309.63% since it was added to the Zacks Focus List in May 2019 at $39.13 per share. With 15 analysts revising their earnings estimates upwards for fiscal 2025, the Zacks Consensus Estimate for Nvidia has increased to $23.80. The company has an impressive average earnings surprise of 20.2%, and analysts are projecting an 83.6% growth in earnings for the current fiscal year.

Investing in stocks with improved earnings outlooks can be profitable, and investing in a Focus List stock like Nvidia can potentially benefit from future earnings estimate increases, leading to upward price momentum. For more recommendations from Zacks Investment Research, you can download their report “7 Best Stocks for the Next 30 Days” for free on their website.

Leave a Reply

Copyright © All rights reserved. | Newsphere by AF themes.