Nasdaq NVDA Nvidia

Wall Street's main indexes surged on Thursday on hopes that the Federal Reserve's policy tightening was ending and the world's largest economy was heading for a soft landing, while Meta Platforms jumped on strong third-quarter revenue forecast.

Investors in NVIDIA Corp (Symbol: NVDA) saw new options begin trading today, for the September 8th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the NVDA options chain for the new September 8th contracts and identified one put and one cal

Thursday, July 27, 2023The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including The Home Depot, Inc. (HD), Philip Morris Int

Q2 earnings results are expected for Intel (INTC ) after today’s close, and investors will focus on the performance of Intel’s data center unit, which has struggled to maintain its once-dominant position in the face of competition from Nvidia (NVDA ) and Advanced Micro Devices (AMD ). Any positive results...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.62%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.34%. Stocks this morning are moderately higher, with the S&P...

The Meta Platforms ( NASDAQ:META ), Microsoft ( NASDAQ:MSFT ), and Nvidia ( NASDAQ:NVDA ) are among the widely-discussed stocks on the famous social media platform Reddit. While these stocks are buzzing on Reddit and have significantly gained mentions, TipRanks’  Analyst Top Stocks tool shows that analysts love these stocks. TipRanks’ Analysts’ Top Stocks tool highlights stocks with a 'Strong Buy' or 'Strong Sell' rating consensus based on the recommendations of the  best-performing analysts. Note that TipRanks identifies the top Wall Street analysts per sector, per timeframe, and against different benchmarks. The ranking reflects an analyst’s ability to deliver high returns via recommendations.  Against this backdrop, let’s delve deeper into these trending Reddit stocks.  What are Expectations for META Stock? Meta stock has appreciated quite a lot on a year-to-date basis, thanks to the momentum in its products and social platforms. Further, its focus on reducing costs and driving profitable growth impressed investors. Despite the massive increase in its stock, analysts are bullish about Meta’s prospects.  On TipRanks, META stock has received 27 unanimous Buy recommendations from top Wall Street analysts for a Strong Buy consensus rating. The average Meta stock price forecast of $347 implies 8.5% upside potential from current levels. Also, the highest 12-month price target on META is $410, which indicates an impressive 28.5% upside potential.  Meta recently  announced stronger-than-expected Q2 results. Following the  Q2 earnings,  Goldman Sachs analyst Eric Sheridan increased his price target on META stock to $384 from $335 and maintained a Buy recommendation on the stock.   With ad revenues reaccelerating and the investments in  AI (artificial intelligence) increasing efficiency and providing growth opportunities ahead, Sheridan sees META stock as a solid long-term pick.  Along with Sheridan, top analysts, including  Brad Erickson of RBC Capital and  Mark Shmulik of Bernstein, reiterated their Buy recommendations on META stock on July 27. Microsoft: Are Analysts Bullish on the Stock? With 23 Buys, one Hold, and one Sell recommendation from top Wall Street analysts, Microsoft stock has a Strong Buy consensus rating. These analysts’ average MSFT price target of $391.75 implies 16.86% upside potential from current levels. Nine analysts, including  Rishi Jaluria of RBC Capital and  Bradley Sills of Bank of America Securities, reiterated a Buy recommendation on MSFT stock on July 26. Further, the highest 12-month price target on MSFT is $425, which implies an impressive ~27% upside potential. This was given by  Citi analyst Tyler Radke and  Barclays analyst Raimo Lenschow on July 25.  Microsoft stock has gained over 40% so far this year. Meanwhile,  Goldman Sachs analyst Kash Rangan remained upbeat about MSFT stock and reiterated a Buy rating on July 21. The analyst expects Microsoft to benefit from the strength of its cloud offering (encompassing Azure and Office). Further, the analyst sees MSFT as well-positioned to capitalize on secular tailwinds, including digital transformation and generative AI. Is NVDA Stock a Good Buy Right Now? Shares of the  chip company Nvidia skyrocketed this year thanks to the advancements in generative AI and its dominant positioning in the AI space. Despite the massive growth in its share price, the stock has received 27 Buys and two Hold recommendations from top Wall Street analysts. The average NVDA price target of $502.86 from these analysts implies 7.6% upside potential. Further, the highest price target of $600 represents 28.5% upside potential from current levels. Mizuho securities analyst Vijay Rakesh reiterated a Buy recommendation on NVDA stock on July 24. The analyst increased the price target to $530 from $400.  Rakesh expects the addressable market for AI unit servers to expand by 10 times over the next five years. Moreover, Nvidia, the dominant AI player, remains well-positioned to capitalize on this significant growth opportunity. The Bottom Line META, MSFT, and NVDA stocks are trending on Reddit and appear attractive long-term bets, owing to the strong secular sector trends, their solid competitive positioning, and their Strong Buy consensus ratings from top Wall Street analysts.  Disclosure

Wall Street's main indexes surged on Thursday on hopes that the Federal Reserve's policy tightening was ending and the world's largest economy was heading for a soft landing, while Meta Platforms jumped on strong third-quarter revenue forecast.

Tyler Technologies TYL reported second-quarter 2023 non-GAAP earnings of $2.01 per share, which beat the Zacks Consensus Estimate of $1.86 and increased 6.9% from the year-ago quarter’s $1.88 per share.Non-GAAP revenues increased

It has been a rip-roaring start to 2023 for the stock market with the technology sector performing particularly well. The Nasdaq-100 index, which is home to the largest tech companies listed on the Nasdaq exchange, has surged 42% year-to-date.

The tech-heavy Nasdaq was set to lead Wall Street higher on Thursday, supported by a surge in Meta after its strong third-quarter revenue forecast lifted megacap growth and technology stocks, and hopes that the Federal Reserve's July rate hike was the last this year.

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.83% at a 16-month high, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +1.47%. Stock indexes this morning are climbing on speculation the Federal Reserve may be close to ending its 16-month-long policy-tightening cycle. Also,...

Investing is all about taking risks in exchange for the potential reward of a high return. However, some stocks have a very skewed risk-return profile. Everything would have to go right for the company to deliver the returns investors expect.

"Be fearful when others are greedy and greedy when others are fearful." That's one of famous investor Warren Buffett's most popular quotes. Although it's well known, investors may need to be reminded of it right now, especially when it comes to artificial intelligence (AI). AI st

Check Point Software Technologies CHKP reported second-quarter 2023 results, wherein both the bottom line and the top line surpassed the Zacks Consensus Estimate and improved year over year.

Below is Validea's guru fundamental report for NVIDIA CORP (NVDA). Of the 22 guru strategies we follow, NVDA rates highest using our Quantitative Momentum Investor model based on the published strategy of Wesley Gray. This momentum model looks for stocks with strong and consiste

Paycom Software PAYC is likely to beat expectations when it reports second-quarter 2023 results on Aug 1.

Wall Street futures rose on Thursday, supported by a surge in Meta Platforms after its strong third-quarter revenue forecast lifted megacap growth and technology stocks, and hopes that the U.S. Federal Reserve's July rate hike was the last this year.

What a difference a year can make. Since tumbling into a bear market in 2022, all three major U.S. stock indexes have bounced more than 20% off of their lows. By one definition, that puts the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite in a new bull market.

Semiconductor stocks got clobbered in 2022 as a severe downturn in chip sales weighed heavily on investor sentiment. But the world's largest chip foundry, Taiwan Semiconductor Manufacturing (NYSE: TSM), also known as TSMC, proved resilient amid those broad sales declines.