Tech stocks highlighted on Zacks Analyst Blog include Byrna Technologies, CareCloud, and Alphabet, among others

From NASDAQ.: 2024-06-18 09:23:00

Zacks.com features tech stocks on the Analyst Blog, including Adobe, Byrna Technologies, CareCloud, American Superconductor, Alphabet, and NVIDIA. The Nasdaq Composite hit a record high with tech stocks leading the way. Consumer price pressures have eased, with no increase in the consumer price index for May. Wholesale prices unexpectedly declined last month, signaling a pull back in inflation. The Federal Reserve is projected to implement an interest rate cut this year, benefiting tech stocks. Astute investors can capitalize on this by investing in tech stocks like Byrna Technologies, CareCloud, American Superconductor, Alphabet, and NVIDIA, all with a Zacks Rank of 1 or 2. Byrna Technologies, a non-lethal technology company, has seen its Zacks Consensus Estimate for current-year earnings increase by 7.1% in the past 60 days. CareCloud, a healthcare technology solutions provider, has had its Zacks Consensus Estimate for current-year earnings increase by 158.6% in the past 60 days. American Superconductor, a leading energy technologies company, has seen a 66.7% increase in its Zacks Consensus Estimate for current-year earnings in the past 60 days. Alphabet, a global innovator, has experienced a 12.1% increase in its Zacks Consensus Estimate for current-year earnings in the past 60 days. NVIDIA, the leader in visual computing technologies, has seen a 12.6% increase in its Zacks Consensus Estimate for current-year earnings in the past 60 days. Investors are encouraged to explore Zacks’ top picks for potential gains, as their stock-picking strategies have consistently outperformed the market. For more insights and recommendations from Zacks Investment Research, visit their website.



Read more at NASDAQ.: The Zacks Analyst Blog Highlights Byrna Technologies, CareCloud, American Superconductor, Alphabet and NVIDIA