Investment portfolio management is a skill that requires a combination of research, skill, and a bit of luck. Regardless of your investment strategy, whether you focus on growth, value, income or momentum, choosing the right stocks to invest in is key to building a successful portfolio.
One such stock that could be worth considering is Nvidia. This leading company in visual computing technologies has recently been upgraded to the Zacks Rank #1 list. The Zacks Rank is a unique stock-rating model that identifies stocks with strong earnings estimate revision trends sought after by institutional investors.
In the past 60 days, six analysts have revised their earnings estimates upwards for Nvidia, with the Zacks Consensus Estimate increasing to $25.10 per share for fiscal 2025. The company has a track record of delivering an average earnings surprise of 18.4%.
Analysts are forecasting impressive growth for Nvidia, with earnings expected to increase by 93.7% for the current fiscal year and revenue projected to rise by 91.1%. The stock has also outperformed the S&P 500 over the past four weeks, with a gain of 38.3%.
With its strong fundamentals, positive trend in earnings estimates, and market momentum, Nvidia could be a valuable addition to your investment portfolio. Consider incorporating this #1 (Strong Buy) stock to help achieve your financial goals, whether that be retirement savings, funding your children’s college education or achieving your short- and long-term financial objectives.
