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| By Gavin Magor |
When a stock market behemoth gets re-upgraded back to a Weiss Rating “Buy,” investors should take note.
Not just because these brand-new “Buys” have solid financials, among other factors. But also because some have … or may soon gain … magnetic-like influence over the rest of market.
The stock I’m talking about in particular is tech giant Nvidia (NVDA).
It has been a favorite in my Weiss Ultimate Portfolio. We cashed out the last time it was a “Buy” for 178%!
But after that, the AI chip leader took a step back to “Hold” on March 19. And it stayed there until June 27.
Our “holds” mean just that — hold your shares if you already own them. The time to worry is if they slide into “Sell,” or “D,” territory.
Nvidia escaped that fate. In fact, the ratings system liked the company’s May 2 earnings report.
Particularly the fact that operating cash flow went up 65%. And total revenue rose 12% quarter-over-quarter.
However, immediately after earnings were released, we did not issue an upgrade. Our system needed more time to gauge the stock’s price movement.
After a strong month of performance, we re-issued a “Buy” rating for Nvidia shares.
With such strong demand for Nvidia’s GPUs and AI continuing to boom, it appears as if this name is here to stay for the long run.
But it’s not only Nvidia that I suggest investors look at …
Here are our top “Buy”-rated stocks, sorted by largest market cap:
For the full list and ability to screen for more specific criteria, you’ll need to join Weiss Ratings Plus by going here.
And as you can see above, Nvidia wasn’t the only “Buy”-rated giant recently upgraded.
Costco Wholesale (COST) and JPMorgan (JPM) were also upgraded as indicated by the little green arrows pointing upwards next to their letter grade.
Since Costco was only recently upgraded, we can excuse its negative performance over the past 90 days.
But with its new rating, that should change.
It is a tremendous stock and an amazing store for that matter. I am a proud Costco member.
It’s easy to imagine why their stock is setup to do so well … the place is always packed!
With access to all our “Buy”-rated stocks, you can expect performance like you see above.
Microsoft (MSFT) jumped 18.6% and Netflix (NFLX) rocketed 26.5% in just one quarter. That far outpaced the S&P 500.
When using Weiss Ratings Plus for your investment research, this is just the tip of the iceberg!
We are practically moving mountains of data on a daily basis, all so that our ratings users have the best possible data for their investment decisions.
And we understand that sometimes, investment decisions are difficult, so we try to take great pride in doing the heavy lifting for you.
In fact, we recently put together a presentation showing you what most investors are missing about Chinese AI … and nine under-the-radar AI stocks that could benefit.
Finally, before you go, I hope you have a wonderful Fourth of July tomorrow!
In addition to some time with my family, I’ll be lighting my Big Green Egg (headquartered in Atlanta, George) and remembering the loyalty of the good folks of Georgia to the Crown.
Happy 249th Birthday, America!
Cheers!
Gavin
