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We recently published a list of Top 10 Stocks Market Is Watching Today. In this article, we are going to take a look at where NVIDIA Corp (NASDAQ:NVDA) stands against other top stocks market is watching today.
Chris Grisanti, MAI Capital Management chief market strategist, said in a latest program on CNBC that the market is going through a shift towards value stocks from growth stocks.
“A lot of investors miss is that you have to choose a great company, but you also have to choose a great entry price. And the valuation, especially over the last several years, has really gotten out of whack as growth has outperformed value by the most ever that we’ve ever seen. So now we’re just kind of getting back.”
The analyst warned that the latest selloff is not the “healthy correction” we used to see in the past.
“The economically sensitive stocks leading the way down. You’ve got banks that are tanking, you got airlines that are tanking, the worst groups are the financials, the industrial, and the consumer discretionary like retailers. So this is the market saying economic slowdown. Now is it right? You know the old saw about the market predicting eight of the last two recessions—maybe it’s wrong. The problem is one, it’s different this time so people should pay attention, and two, what generally happens is things can fall even on irrational fears, and then they become self-fulfilling.”
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In.
For this article we picked 10 stocks Wall Street is currently focusing on. With each stock we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A close-up of a colorful high-end graphics card being plugged in to a gaming computer.
NVIDIA Corp (NASDAQ:NVDA)
Number of Hedge Funds Investors: 193
Eric Diton from The Wealth Alliance said in a latest program on Schwab Network that NVIDIA Corp (NASDAQ:NVDA) shares fell after earnings because customers want to hear the names of specific customers spending “boatloads” of money on AI.
“Earnings came out great; they beat all expectations. NVIDIA Corp (NASDAQ:NVDA) got crushed, and it’s telling you that when stocks have made those kinds of profound moves, even a beat may not be enough. And that’s what happened—they beat, but by less, and people are kind of tired of hearing NVIDIA Corp (NASDAQ:NVDA) say everything is great. They want to hear customers. They want to hear Amazon, Google, and Microsoft say they’re going to spend loads of money. Deep seek, no matter what anyone says, it definitely put just a dent in the armor. When stocks have made those kinds of moves and all of a sudden, you have a question mark about whether the growth will continue as planned, that’s a lookout below.