Why Investing in this Computer and Technology Stock Could Enhance Your Portfolio

Investing in Nvidia: A Beginner’s Portfolio Builder Strategy with Zacks Focus List Recommendation

As a beginner investor, building a portfolio from scratch can be overwhelming. However, one strategy to consider is investing in stocks that are projected to outperform the market in the next year. One great stock to add to your portfolio is Nvidia (NVDA).

Nvidia is a global leader in visual computing technologies and has recently shifted its focus from PC graphics to AI-based solutions that support HPC, gaming, and VR platforms. The company’s innovative products have helped it stand out in the competitive market.

In May 2019, NVDA was added to the Zacks Focus List at $39.13 per share and has since seen significant growth in share price. Analysts have also revised their earnings estimates for NVDA upwards, with a projected 83.6% growth in earnings for the current fiscal year.

When stock prices respond to earnings estimate revisions, it can be profitable to invest in companies with a positive outlook. By investing in a Focus List stock like NVDA, you could potentially benefit from price momentum driven by increased earnings estimates.

If you’re looking for the latest stock recommendations from Zacks Investment Research, you can download their 7 Best Stocks for the Next 30 Days report for free.

Leave a Reply

Tuberculosis still ranks as the world’s second most fatal infectious disease Previous post Combating the Resurgence of Multi-Resistant TB: A Global Challenge
Dodgers manager says Shohei Ohtani gambling scandal has not been a distraction Next post Dodgers’ Shohei Ohtani to Address Media About Allegations Against Former Interpreter