Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio

From Nasdaq:

Summary: Zacks Premium provides a variety of tools for confident stock market investing, including the Zacks Rank and Industry Rank updates, Equity Research reports, and stock screens. It also provides access to Zacks Style Scores, which rate stocks based on value, growth, and momentum, helping investors make informed decisions.

Summary: Zacks Style Scores rate stocks A-F based on value, growth, and momentum, helping investors identify potential market-beating stocks. The Value, Growth, and Momentum Scores examine different aspects of a stock’s performance, and the VGM Score combines all three for a comprehensive evaluation.

Summary: The Zacks Rank and Style Scores combine to identify top-rated stocks for investment. The Zacks Rank has historically produced high average annual returns, and combining it with A or B Style Scores maximizes the chance for big returns, while considering a #4 or #5 ranked stock, even with A or B scores, can be risky.

Summary: NVIDIA Corporation is a #2 (Buy) stock on the Zacks Rank, with a VGM Score of B, and impressive Momentum Style Scores. The company is the leader in visual computing technologies and AI-based solutions, with projected earnings estimate increases, a strong growth forecast, and high momentum figures, making it a stock to watch.

Summary: Zacks is recommending an investment in a company at the heart of an AI sector projected to have a $15.7 trillion economic impact by 2030. The bonus report provides details on this growth stock and 4 other “must buys,” plus more. Additionally, Zacks offers free stock reports with top recommendations for the next 30 days.



Read more: Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio