S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
3 lithium stocks to ride a multi-year cycle
Is Gold Really Boring? (Ad)
Goldman upgraded Nvidia stock, one metric says it could go higher
Autozone stock price is still in the rally zone
Is Gold Really Boring? (Ad)
New highs are coming for Lowe’s stock despite mixed results
Closing prices for crude oil, gold and other commodities
Critical asset just had biggest fall on record (Ad)
Consumer confidence slips in February as anxiety over potential recession surprisingly reappears
Beyond Meat's shares soar on better-than-expected Q4 revenue despite weak US sales
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
3 lithium stocks to ride a multi-year cycle
Is Gold Really Boring? (Ad)
Goldman upgraded Nvidia stock, one metric says it could go higher
Autozone stock price is still in the rally zone
Is Gold Really Boring? (Ad)
New highs are coming for Lowe’s stock despite mixed results
Closing prices for crude oil, gold and other commodities
Critical asset just had biggest fall on record (Ad)
Consumer confidence slips in February as anxiety over potential recession surprisingly reappears
Beyond Meat's shares soar on better-than-expected Q4 revenue despite weak US sales
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
3 lithium stocks to ride a multi-year cycle
Is Gold Really Boring? (Ad)
Goldman upgraded Nvidia stock, one metric says it could go higher
Autozone stock price is still in the rally zone
Is Gold Really Boring? (Ad)
New highs are coming for Lowe’s stock despite mixed results
Closing prices for crude oil, gold and other commodities
Critical asset just had biggest fall on record (Ad)
Consumer confidence slips in February as anxiety over potential recession surprisingly reappears
Beyond Meat's shares soar on better-than-expected Q4 revenue despite weak US sales
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
3 lithium stocks to ride a multi-year cycle
Is Gold Really Boring? (Ad)
Goldman upgraded Nvidia stock, one metric says it could go higher
Autozone stock price is still in the rally zone
Is Gold Really Boring? (Ad)
New highs are coming for Lowe’s stock despite mixed results
Closing prices for crude oil, gold and other commodities
Critical asset just had biggest fall on record (Ad)
Consumer confidence slips in February as anxiety over potential recession surprisingly reappears
Beyond Meat's shares soar on better-than-expected Q4 revenue despite weak US sales

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).

 

 

→ This is the #1 Stock to Buy for the AI Tidal Wave (From Chaikin Analytics) (Ad)

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

7 Stocks to Buy And Hold Forever Cover

Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
NVIDIA (NVDA)
4.6641 of 5 stars
$787.01-0.5%0.02%65.91Moderate Buy$820.03
Costco Wholesale (COST)
4.4655 of 5 stars
$744.71-0.1%0.55%50.76Moderate Buy$659.96
Abbott Laboratories (ABT)
4.8868 of 5 stars
$119.46+0.6%1.84%36.64Moderate Buy$120.00
Pure Storage (PSTG)
4.5496 of 5 stars
$41.490.0%N/A218.38Moderate Buy$42.63
Walmart (WMT)
4.5571 of 5 stars
$59.580.0%1.28%31.14Moderate Buy$61.03
Compare These Stocks  Add These Stocks to My Watchlist 

Jea Yu

About Jea Yu

  • JeaYu21@gmail.com

Contributing Author

Trading Strategies

Experience

Jea Yu has been a contributing writer for MarketBeat since 2018.

Areas of Expertise

Equities, options, ETFs and futures; fundamental, qualitative, quantitative and technical analysis and pattern identification; active and swing trading; trading systems and methodology development

Education

Bachelor of Arts, University of Maryland, College Park

Past Experience

U.S. equity markets trader, writer and analyst for over 25 years. Published four books by publishers McGraw-Hill, John Wiley & Sons, Marketplace Books and Bloomberg Press. Speaker at various expos and seminars and has been quoted and featured in USA Today, The Wall Street Journal, Traders Magazine, The Financial Times and various trade publications, including Stocks & Commodities, Active Trader and Online Investor.


Featured Articles and Offers

AI Powerhouse NVIDIA Will Hit $1000 Soon

AI Powerhouse NVIDIA Will Hit $1000 Soon

NVIDIA had another mind-bending quarter of growth and raised guidance, sending shares to new highs, but how much higher can they go?

Search Headlines: