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After the Dow fell below 20,000 this week, many of the media pundits have been speculating that we're due for an even bigger correction – and soon.
Personally, I think a pullback could be due because of all the selling going on as investors take profits at these record highs. I also think we could see the markets continue to climb as more and more investors jump back in to take advantage of the potential rally higher.
But there's one stock that's worth putting your money on… no matter which direction the markets go from here.
This company is the best of the breed in what they do and is a leader among a $19 trillion industry.
In fact, the stock has tripled in value, by 280%, over the past 12 months.
And with earnings coming out in less than a week, you'll want to get in now…
Before it's too late.
Why NVIDIA Is Worth Buying Right Now
As you may recall, CNBC recently interviewed me about the current market situation – and I agreed. Since then, the Dow Jones Industrial Average, NASDAQ and S&P 500 have each hit new, all-time highs. If you missed it, you can watch the full interview here.
They also asked me what I've got my eye on this earnings season. And I told them the same thing I'm about to tell you…
The most attractive stock pick before – and after – earnings is NVIDIA Corp. (Nasdaq: NVDA).
NVIDIA is an American-based technology company that designs graphics processing units (GPUs) for the gaming market. It's also expanded its focus to professional visualization, data centers, and the auto industry. It really made its mark in the past with its GeForce cards, which have been a great source of revenue. In fact, I've got two of them running the graphics on my computer.
Currently, NVIDIA is making headlines over the new Nintendo Switch, the hybrid portable games console/tablet, which will be powered by the Tegra x1 SoC. And according to the pre-sale numbers, they're already sold out.
NVIDIA also made its presence well known at this year's Consumer Electronics Show (CES) early last month. Now I mentioned a few weeks ago that the show's big reveal, the Faraday Future car, really doesn't stand a chance against Tesla. What I didn't tell you at the time is that NVIDIA walked away from the CES show with nearly 20 awards for its GeForce GTX PCs, G-SYNC gaming monitors, and GeForce NOW for PCs and Macs. And the company's expected to make an even larger impact in "deep learning" in the future, pointing toward smart cars, smart homes, smart cities, and artificial intelligence.
The stock had quite the impressive performance last year, too, tripling in value. And with everything NVIDIA's got in the works, I predict the stock is poised to continue climbing. But I'm looking at more than how NVIDIA did at the CES show and how the s…
About the Author
Tom Gentile is one of the world's foremost authorities on stock, futures and options trading.
With more than 25 years' experience trading stocks, futures, and options, Tom's style of trading systems and strategies are designed to help individual investors propel themselves past 99 percent of the trading crowd.