From Nasdaq: 2024-04-10 18:12:00

Major stock market indexes fell over -1% on Wednesday as the Consumer Price Index rose 3.5% YoY in March and 0.4% from the previous month, casting doubt on potential Fed rate cuts. Despite the selloff, Nvidia’s stock rose +2%, holding above key averages. Global Partners’ stock also held steady, projecting earnings growth.

Global Partners’ stock, with an “A” Zacks Style Scores grade for Value, rose +1% as crude oil prices surged. The company’s annual earnings are expected to rise 4% this year and jump 14% in FY25. Trading at a discount to industry averages, Global Partners also has a 6.26% annual dividend yield.

Investors eye buying opportunities as Nvidia and Global Partners stock hold strong amid market volatility. Both stocks, with a Zacks Rank #1 (Strong Buy), show potential for growth. A Special Report from Zacks predicts significant profits from a surge in Bitcoin, a historically resilient investment option.



Read more at Nasdaq: Time to Buy These Highly Ranked Stocks as Markets Selloff