From Nasdaq: 2024-04-02 09:07:00

Wall Street ended Q1 2023 on a high note with all major indexes hitting record highs. The tech sector, led by NVIDIA, is driving the rally, fueled by optimism around AI. Despite higher inflation, the Fed plans three rate cuts by year-end, boosting growth stocks like NVIDIA, Amazon, Meta, Logitech, and Microsoft. NVIDIA has a strong earnings growth rate of 83.6% and a Zacks Rank #2. Amazon has an expected earnings growth rate of 40.7% and a Zacks Rank #2. Meta has an expected earnings growth rate of 34.1% and a Zacks Rank #1. Logitech has an expected earnings growth rate of 20.5% and a Zacks Rank #2. Microsoft has an expected earnings growth rate of 18.6% and a Zacks Rank #2. Retail investors may want to consider a little-known chemical company with explosive upside potential.



Read more at Nasdaq: Forget Inflation, Buy These 5 Stocks on the Ongoing Tech Rally