S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Want to Increase Your Conversion Rates? This Is the Biggest Threat to Your Success.
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Russia accused of 'kidnapping' head of Ukraine nuclear plant
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
UK train strikes and energy hikes add to a week of turmoil
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Russia blindfolds, detains Ukraine nuclear plant chief
NIH to fund unproven ALS drugs under patient-backed law
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Want to Increase Your Conversion Rates? This Is the Biggest Threat to Your Success.
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Russia accused of 'kidnapping' head of Ukraine nuclear plant
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
UK train strikes and energy hikes add to a week of turmoil
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Russia blindfolds, detains Ukraine nuclear plant chief
NIH to fund unproven ALS drugs under patient-backed law
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Want to Increase Your Conversion Rates? This Is the Biggest Threat to Your Success.
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Russia accused of 'kidnapping' head of Ukraine nuclear plant
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
UK train strikes and energy hikes add to a week of turmoil
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Russia blindfolds, detains Ukraine nuclear plant chief
NIH to fund unproven ALS drugs under patient-backed law
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Want to Increase Your Conversion Rates? This Is the Biggest Threat to Your Success.
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Russia accused of 'kidnapping' head of Ukraine nuclear plant
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
UK train strikes and energy hikes add to a week of turmoil
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Russia blindfolds, detains Ukraine nuclear plant chief
NIH to fund unproven ALS drugs under patient-backed law

Here is a Simple 4 Stock Portfolio that Can Outperform the Market

Here is a Simple 4 Stock Portfolio that Can Outperform the Market

Diversification is the edge for any portfolio. Rising inflation is impacting discretionary consumer spending. These stocks tend to be good recession hedges by either thriving in a recessionary period or are essential products needed regardless of the economic landscape. The following four companies are firing on all cylinders and are leaders in their respective industries weathering inflationary headwinds.

NVIDIA: Semiconductor/Technology

Nvidia (NASDAQ: NVDA) is the world’s leading graphic processor unit (GPU) maker. Their chips are primarily used for gaming and data center applications. They make high end GPUs that are used in high-end gaming PCs as well as cryptocurrency mining rigs. Their chips are also used in data centers and artificial intelligence (AI) applications. The Company recently cut their revenue forecast dramatically for Q2 2022 revenues to come in near $6.7 billion from the prior guidance of $7.94 billion to $8.26 billion. Weakened consumer sentiment is impacting the gaming segment while supply chain disruptions are impacting the data center business. This is a boon for patient investors that have been waiting to enter at lower prices. Shares are down (-37%) for 2022. The $140.55 swing low and/or $192.74 breakout are entries levels to consider.


Costco: Warehouse Clubs/Consumer

Costco (NASDAQ: COST) is the world’s largest warehouse membership club. While retailers like Target (NYSE: TGT) and Walmart (NYSE: WMT) are cutting guidance amid weakening consumer spending, Costco is firing on all cylinders. Stockpiling helped Costco during the pandemic, and it may help again in a recession as consumers try to stretch their wallets. They just reported July comparable sales up $10.8% to $16.85 billion despite having one less shopping day than last year. E-commerce comparable sales rose 10.2%. This stock also comes with a $0.63% dividend yield. Shares are down (-5%) for 2022. The $406.51 swing low and/or the $491.13 breakout are entry levels to consider.

Abbott: Lifecycle Medical/Health Care

Abbott (NYSE: ABT) is a global medical technology company with that provides healthcare products for every stage of life from infant formula to testing and treating the fastest growing chronic diseases. They have over 113,000 employees in over 160 countries for over 130 years. Their portfolio of over 1,200 products encompass medical devices, diagnostics, nutrition, and branded generic medicines. This enables them to be a trusted and preferred one-stop shop for patients throughout their lives. A pulmonary patient may get a XIENCE Sierra coronary stent or a St. John’s Medical pacemaker, both are Abbott owned. Their FreeStyle Libre blood glucose monitor requires no more finger sticks (pricking a finger for blood). Their Ensure, Pedialyte and Similac nutrition products can be found in almost every grocery store. They continue to grow as revenues rose 10.1% to $11.26 billion in Q2 2022 as they raised their full-year 2022 EPS to come in around $4.90 versus $4.86 consensus analyst estimates. Abbott is a dividend aristocrat with a $1.67% dividend yield. Shares are down (-19%) for 2022. The $101.24 swing low and/or the $111.148 breakout are entry levels to consider.

 Pure Storage: Data Warehousing/Data Storage

Pure Storage (NASDAQ: PSTG) is the world’s most advanced data storage solutions provider. As the world continues to churn out oceans of data, it has to be consumed, stored, and managed. Regardless of the economic climate, data will also be a constant. Pure Storage provides a portfolio of enterprise storage solutions including storage-as-a-service (SaaS) across multiple clouds through a subscription model and delivering hybrid cloud architecture for apps. They continues to gain market share in the enterprise storage market. Their fiscal Q1 2023 earnings beat estimates by $0.20 per share while revenues grew 50% YoY beating analyst estimates by nearly $100 million coming in at $620.41 million versus $521.981 million. They raised full-year fiscal 2023 revenues to come in at $2.66 billion beating analyst estimates for $2.59 billion. Shares are down (-5%) for the year. The $21.90 swing low and/or $26.10 breakout are entry levels to consider.

Here is a Simple 4 Stock Portfolio that Can Outperform the Market

Price-Based Entry

Each chart has two horizontal green lines for potential entry levels. The bottom green line is the recent swing low price, and the top green line is the reversal breakout level. Entries can be taken at both levels when prices test them.

Indicator-Based Entry

The monthly stochastic is a momentum indicator. An indicator-based entry system can be used by taking a position when the stochastic oscillator crosses back up (IE: blue line crosses up through the red line).

 

 

NVIDIA is a part of the Entrepreneur Index, which tracks some of the largest publicly traded companies founded and run by entrepreneurs.

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
NVIDIA (NVDA)
3.0515 of 5 stars
$121.39-0.7%0.13%39.80Moderate Buy$214.91
Costco Wholesale (COST)
2.7272 of 5 stars
$472.27-1.4%0.76%35.94Moderate Buy$570.32
Abbott Laboratories (ABT)
3.147 of 5 stars
$96.76-1.6%1.94%20.20Moderate Buy$132.46
Pure Storage (PSTG)
2.5077 of 5 stars
$27.37-0.3%N/A-456.09Moderate Buy$38.42
Walmart (WMT)
2.9072 of 5 stars
$129.70-1.9%1.73%25.89Moderate Buy$151.41
Compare These Stocks  Add These Stocks to My Watchlist 

Should you invest $1,000 in NVIDIA right now?

Before you consider NVIDIA, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list.

While NVIDIA currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Jea Yu

About Jea Yu

Contributing Author: Trading Strategies

With over 20 years of active participation and analysis of the US equities, options and futures markets, Mr. Yu brings fresh insights into the workings of the financial markets. He has published four books by esteemed publishers McGraw-Hill, John Wiley & Sons, Marketplace Books and Bloomberg Press. His brainchild, the Underground Trader, was voted Forbes Best of the Web for four consecutive years under the active trader category. He has been a featured speaker all over the country at various expos and seminars who enjoys a standing-room-only reception in the largest convention halls from New York to Las Vegas. He has been quoted and featured in USA Today, Wall Street Journal, Traders Magazine and the Financial Times and various trade publications like Stocks & Commodities, Active Trader and Online Investor. Mr. Yu has a B.A. in Liberal Arts and minor in Business Administration from the University of Maryland.
Contact Jea Yu via email at JeaYu21@gmail.com.
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