• Wed. May 22nd, 2024

Maximizing Returns: Investing in High-Performing Stocks like Nvidia (NVDA) with Zacks Focus List

BySamantha Nguyen

Mar 25, 2024
The Potential of Adding This Computer and Technology Stock to Your Portfolio

Creating a portfolio as a beginner investor can be an intimidating task, but starting with stocks that are expected to outperform the market in the next year is a successful strategy. One such stock to consider is Nvidia (NVDA), a company known for its leadership in visual computing technologies and GPUs.

Since being added to the Zacks Focus List in May 2019 at $39.13 per share, NVDA has seen a significant increase in its stock price, with shares now trading at $942.89. Analysts have revised their earnings estimates upwards for Nvidia, with the Zacks Consensus Estimate also increasing. The company has an average earnings surprise of 20.2% and is expected to see earnings growth of 83.6% for the current fiscal year.

By investing in a Focus List stock like Nvidia, investors may benefit from future earnings estimate revisions that could drive price momentum. For the latest recommendations from Zacks Investment Research, investors can download the 7 Best Stocks for the Next 30 Days.

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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