Nasdaq NVDA Nvidia

Artificial intelligence (AI) has been the hottest theme on Wall Street this year. The hype around the potential for this growing technology sent investors scrambling to get in on the action. Any stock with any relation to AI got a bump, making AI much like a tide coming in and li

For many, Halloween is a time of celebration. It allows children to let their imaginations run wild, while giving adults a chance to relive their youth, at least for one day.

The TipRanks All-star Analyst of the Day title goes to  TD Cowen analyst Matt Ramsay. Remarkably, Ramsay ranks #22 out of the 8,565 Wall Street analysts tracked by TipRanks. One of the key stocks in his coverage is Nvidia ( NASDAQ:NVDA ), for which he is both the Most Accurate and Most Profitable analyst. Most Profitable and Accurate Analyst on NVDA Stock When we look at Ramsay’s recommendation for Nvidia, one of the leading semiconductor players that is gaining immense attention due to the use of its products in generative artificial intelligence (AI), we see that over the past year, the analyst has had an impressive 89% success rate on the stock. Plus, he has earned an average return of 107.16% in the said period. On an overall basis, copying Ramsay’s trades and holding them for a year would give you an average return of 26.1%, with 63% of your trades generating a profit. Ramsay primarily focuses on the Technology sector in the U.S., Germany, U.K., France, and Canadian markets. Interestingly, his most profitable rating to date is also a Buy on Nvidia. The analyst earned an impressive 292.6% return on the call between October 10, 2022 and October 10, 2023. Following phenomenally successful analysts’ ratings can add profit to your portfolio. Find the best analyst to follow for any stock by scrolling down to the “ Best Analyst Covering” feature on its  Analyst Forecast page. To follow the best Wall Street analysts, take a look at the list of  Top Analysts on TipRanks. Disclosure

The tech industry is expanding rapidly as advances in chips and artificial intelligence (AI) unlock the potential for countless other sectors.

The Meet Kevin Pricing Power ETF ( NYSEARCA:PP) is an interesting actively-managed ETF that may catch the eyes of investors with its unique name or with its 22% year-to-date return. However, despite this strong 2023 performance, caution is likely warranted going forward for two key reasons. I’m neutral on PP based on its heavy concentration risk and its sky-high fees.  What is the PP ETF’s Investment Process? PP is an actively-managed ETF that seeks to achieve long-term capital appreciation by investing in what it calls U.S.-listed “innovative companies,” according to mketf.com.  The fund manager defines these innovative companies as those that are “involved in the development of new products or services, technological advancements, consumer engagement, and/or disruptive approaches with respect to business growth that the Sub-Adviser expects to have a significant impact on the market or industry in which the company operates.”  PP will then invest in “Innovative Companies that, in Kevin’s view, also have more ‘pricing power’ than their peers.” Meet Kevin (the fund manager) defines pricing power as the “ability to potentially increase prices for products and services without a corresponding drop in demand.” To select the innovative companies that the fund will invest in, Kevin then screens an "extremely large initial universe of U.S.-listed companies with a minimum market capitalization of $100 million utilizing a proprietary screening methodology. Then, Kevin analyzes the remaining initial universe of companies to identify those innovative companies that Kevin perceives as having pricing power versus their peers."  These are all good traits to look for when investing in a company, but this approach also leaves quite a bit up to the discretion of the fund manager. At this point, it might be a good time to take a quick detour and ask, who is the eponymous "Kevin" of the Meet Kevin Pricing Power ETF?  Who is Kevin? The Kevin of “Meet Kevin” is Kevin Pathraff, a popular YouTube personality with nearly 1.9 million subscribers. He describes himself as a licensed financial advisor and real estate broker, and he is also a commentator on topics including finance, politics, and news. He is perhaps best known as a real estate investor whom Curbed described as a “landlord influencer.” He also ran as a Democrat to replace California governor Gavin Newsome during the 2021 gubernatorial recall election, where he won 9.6% of the vote but ultimately came up short.  Meet Kevin's Holdings One key reason for caution with the PP ETF is that there is quite a bit of concentration risk here. The fund holds just 16 positions, and its top 10 holdings make up 85.8% of the fund.  Below, you’ll find an overview of PP’s top 10 holdings using TipRanks’ holdings tool.  Perhaps most concerning, top holding Tesla ( NASDAQ:TSLA) makes up a quarter of the fund’s assets. This has been a great thing for PP investors this year, as shares of Tesla surged and took the price of PP with it, but Tesla is a volatile stock, and this outsized position in the firm can lead to a lot of downside for PP investors if Tesla slumps. Similarly, PP also has fairly large positions in both Enphase Energy ( NASDAQ:ENPH) and Nvidia ( NASDAQ:NVDA) of 13.4% and 10.0%, respectively, meaning that nearly 50% of the fund's assets are in just these three stocks. Furthermore, many of these holdings are what you could call priced for perfection. For instance, Tesla trades at 63.7 times earnings, while Nvidia trades at nearly 100 times earnings. Other top holdings like Advanced Micro Devices ( NASDAQ:AMD) and The Trade Desk ( NASDAQ:TTD) trade for 35.1 times earnings and 261 times earnings (53.8 times forward earnings), respectively. When stocks trade with valuations this high, they can go down quickly when things go wrong.  Part of the reason that investors use ETFs is to gain diversified exposure to specific sectors of the economy or large swaths of the stock market, which helps to limit downside risk, but you aren’t going to benefit from that in a fund with this much concentration in just a handful of stocks.  Sky-High Expense Ratio The other reason for caution with the PP ETF is its strikingly high expense ratio of 0.77%.  An expense ratio of 0.77% means that an investor allocating $10,000 into this fund will pay $77 in fees in year one, which is pretty steep. But that’s nothing compared to how these fees can compound over time. Assuming the fund returns 5% per year going forward and keeps this expense ratio, this same investor will pay $246 in fees over the course of three years. Over the course of 10 years, the investor would pay $1,155 in fees, meaning that well over 10% of their initial investment would be eaten up by fees. Is PP Stock a Buy, According to Analysts? Turning to Wall Street, PP earns a Moderate Buy consensus rating based on 12 Buys, five Holds, and zero Sell ratings assigned in the past three months. The average PP stock price target of $28.36 implies 39.1% upside potential. Investor Takeaway PP is a unique ETF with an interesting strategic focus, and I’ll give the fund credit for that. It’s also done very well for its holders year-to-date, and its active manager picked some strong winners this year, which it also deserves credit for. However, I’m also concerned about the fund’s high level of concentration in just a small number of expensive stocks, which could see these year-to-date gains quickly go in the other direction (as they have recently) if disproportionately large positions like Tesla or Nvidia struggle.  The ETF’s expense ratio of 0.77% is also quite high. In fairness, PP is an actively-managed ETF, so it’s natural that its expenses are going to be higher than those of an index fund. However, this is still a lot to pay for a new ETF that is yet to establish much of a long-term track record, or really any ETF for that matter.  You can alternatively invest in ETFs like the Invesco QQQ Trust ( NASDAQ:QQQ) or the Technology Select Sector SPDR ETF ( NYSEARCA:XLK) that give you exposure to the same stocks like Tesla and Nvidia for a fraction of the price. QQQ’s expense ratio is 0.20%, while XLK’s is just 0.10%. Plus, these funds have built up strong track records of consistent success over many years, whereas PP has not been around for long enough to do this, having launched in November 2022. The ETF is certainly an interesting one, but for these reasons, as they say on Shark Tank, “I’m out.”  Disclosure

Apple on Monday introduced new MacBook Pro computers and three new chips that will power its laptops and desktops, and the company said it had redesigned its graphics processing units (GPU), a key part of the chip where Nvidia dominates the market.

If you’re just starting out as an investor and looking for some foundational choices to build your portfolio around, the iShares Core S&P Total U.S. Stock Market ETF ( NYSEARCA:ITOT) looks like a great building block to get started with. This $42 billion juggernaut from BlackRock ( NYSE:BLK) offers tremendous diversification, an ultra-cheap expense ratio, and a strong track record of long-term performance, all in one convenient investment vehicle. I’m bullish on ITOT as a long-term portfolio building block based on these factors. Even if you are a longtime investor with many years of experience in the markets, ITOT can still be a good choice for your portfolio for the same reasons.  What is the ITOT ETF’s Strategy?   ITOT seeks to track the S&P Total Market Index, a broad-based market of U.S. equities that gives investors comprehensive exposure to the entire U.S. stock market, “ranging from some of the smallest to largest companies,” according to iShares. ITOT’s Extensive List of Holdings  While there are many popular S&P 500 ( SPX) funds that simply invest in the S&P 500 Index, which gives investors exposure to 500 of the largest companies listed in the United States, ITOT goes a step further by investing in the much larger S&P Total Market Index.  This makes ITOT an incredibly diversified ETF. The fund holds an incredible 2,758 stocks, and its top 10 holdings make up 26.9% of the fund. For comparison, the popular Vanguard S&P 500 ETF ( NYSEARCA:VOO), one of the stock market’s largest and most popular ETFs, invests in the S&P 500 and owns 504 stocks, with its top 10 holdings accounting for 26.9% of the fund.  Below, you’ll find a comprehensive overview of ITOT’s top 10 holdings using TipRanks’ holdings tool. As you can see, ITOT’s top holdings consist of the " Magnificent Seven" tech stocks like Apple ( NASDAQ:AAPL), Microsoft ( NASDAQ:MSFT), Amazon ( NASDAQ:AMZN), Nvidia ( NASDAQ:NVDA), and Alphabet ( NASDAQ:GOOG) ( NASDAQ:GOOGL), which dominate the top of the S&P 500. However, at the other end of the spectrum, ITOT also invests in plenty of microcap stocks like Harpoon Therapeutics ( NASDAQ:HARP), Mustang Bio ( NASDAQ:MBIO), and Jaguar Animal Health ( NASDAQ:JAGX) with market caps in the $10 to $20 million range that you won’t find in many other ETFs.  While these microcap stocks can be risky, they make up such minuscule parts of this massive fund that the downside from any individual one of these names is fairly limited while giving investors some upside if one of them turns into the next big thing.    As you can see, ITOT owns the market's largest and smallest stocks and pretty much everything in between. Long-Term Track Record In addition to this excellent diversification and comprehensive exposure to all corners of the U.S. stock market, ITOT has given its investors great returns for a long period of time, which is another important thing to consider when choosing an ETF to invest in.  You can’t really say that ITOT has "beaten the market" -- because ITOT is the market. That isn’t a bad thing, as investing in broad-market indices has proven to be a successful way to build wealth over time, and very few actively-managed ETFs or strategies manage to "beat the market" over the long run.  What do ITOT’s returns over time look like? As of the end of the most recent month, ITOT has returned 9.3% on a three-year annualized basis. Over the past five years, it has returned 9.0%. Going all the way out to the last 10 years, ITOT has generated an impressive 11.3% annualized return. Finally, since its inception in 2004, the fund has generated an annualized return of 8.9%.  Investing in a vehicle that is producing returns like this is likely to be a winning strategy over time. Think of it this way: an investor who put $10,000 into ITOT 10 years ago would have $19,292 today, nearly doubling their initial investment. If you invested $10,000 into ITOT at its inception in 2004, you would have $43,675 today. Cost Structure Another attractive aspect of ITOT is its investor-friendly expense ratio of just 0.03%. This means that if you put $10,000 into ITOT today, you will pay just a barely-noticeable $3 in fees during your first year of investing in the fund. Assuming that the fund returns 5% a year going forward and continues to charge 0.03%, you’ll pay just $39 in fees over the course of a decade.  When you’re just starting out, investing in low-cost funds like this is an important consideration, as it helps you to preserve more of your principal investment over time and saves you from spending large amounts of money on fees, which can really snowball over the years.  For example, let’s say you instead invest $10,000 into an ETF with an expense ratio of 0.35% (which is still reasonable compared to many of the expense ratios you will see out there) -- using the same parameters listed above, you’d pay $443 in fees over the course of 10 years.  Whether you’re a beginner or an experienced investor, it never hurts to own ETFs with low-cost expense ratios.   Is ITOT Stock a Buy, According to Analysts? Turning to Wall Street, ITOT earns a Moderate Buy consensus rating based on 1,857 Buys, 831 Holds, and 71 Sell ratings assigned in the past three months. The average ITOT stock price target of $112.72 implies 23.8% upside potential. A Solid Building Block Adding it all up, ITOT serves as a robust building block and can be a cornerstone of investors' portfolios. This is due to the comprehensive, diversified exposure it offers to the entire U.S. stock market. Additionally, it boasts a strong track record of long-term performance compiled over many years. Furthermore, its attractively low expense ratio helps investors preserve their investment gains over time. These features make ITOT an ideal choice for investors who are just getting started. Furthermore, these attributes make it a commendable ETF for investors of all experience levels to consider for long-term inclusion in their portfolios.   Disclosure

The latest trading session saw Nvidia (NVDA) ending at $412.31, denoting a +1.81% adjustment from its last day's close. This change outpaced the S&P 500's 1.2% gain on the day. Elsewhere, the Dow gained 1.58%, while the tech-h

These three major players in artificial intelligence have pulled back from their 2023 highs, and investors looking for long-term growth should seriously consider buying these stocks on the dip.

The Uniqueness of 2023

In today's video, I discuss recent news affecting Apple (NASDAQ: AAPL), Intel (NASDAQ: INTC), Advanced Micro Devices (NASDAQ: AMD), Qualcomm (NASDAQ: QCOM) and other semiconductor companies in the CPU market. Check out the short video to learn more, consider subscribing, and clic

Rigidity Versus Flexibility in Investing

Qorvo, Inc. QRVO is set to report second-quarter fiscal 2024 results on Nov 1, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 126.67%. It pulled off a trailing four-quarter earn

Qualcomm Incorporated QCOM is scheduled to release fourth-quarter fiscal 2023 results on Nov 1, after the closing bell. It pulled off a trailing four-quarter earnings surprise of 1.01%, on average. The San Diego, CA-based company

Tyler Technologies TYL revealed that the Complaints Management and Adjudication Branch of the Diversity, Equity and Inclusion (DEI) Office of the U.S. National Guard Bureau (“NGB”) has selected TYL’s Workforce Case Management appl

Match Group MTCH is slated to report third-quarter 2023 results on Nov 1.Match Group expects third-quarter 2023 revenues of $875-$885 million, indicating 8-9% year-over-year growth.The Zacks Consensus Estimate for revenues is curr

Paramount Global PARA is set to report third-quarter 2023 earnings on Nov 2.For the quarter, the Zacks Consensus Estimate for earnings is pegged at 9 cents per share, moving south by 10% over the past 30 days. The figure indicates

The tech-heavy Nasdaq Composite Index entered into correction territory (down 10% from the peak) last week thanks to a steep drop in the big tech stocks. This marks the 70th correction in its 52-year history. The so-called "Magnif

Do you dream of turning an average income into a seven-figure retirement nest egg? You're not alone. And it's absolutely possible!

Fortinet FTNT is scheduled to report third-quarter 2023 results on Nov 2, after market close.The cybersecurity firm projects revenues between $1.315 billion and $1.375 billion. The Zacks Consensus Estimate for the same is pegged a