Building on May's robust rally in the market indexes, Tesla, Broadcom, DoorDash and Netflix now lead an expanded list of stocks on Investor's Business Daily's Leaderboard. Tesla, DoorDash and Broadcom currently spearhead a total of 17 Leaderboard stocks to watch, along with Robinhood Markets and two other watchlist members.
Following the much-anticipated earnings report from Nvidia on May 28, Wall Street has shifted its attention to fellow artificial intelligence chip designer Broadcom, which unveils its latest quarterly performance on Thursday.
With its relative strength line on the rise, Broadcom stock joined IBD Leaderboard when it poked its head above a 235.28 buy point in a cup with handle. While the Nvidia peer continues to show strength, IBD's market experts trimmed the position on Wednesday as a form of risk management ahead of Broadcom earnings. On Monday, the stock rose nearly 3%.
Tesla Stock Among Six Leaderboard Names Near New Buys
The IBD Leaderboard list is divided into three groupings, including Leaders Near A Buy Point, Leaders and Leaders Watchlist.
Tesla, DoorDash and Broadcom currently account for three of six names on the Leaders Near A Buy Point list. Others include Boston Scientific, Visa and oil-and-gas stock EQT.
Showing volatile moves Friday after President Donald Trump issued an angry message on Truth Social regarding U.S.-China trade talks, Tesla stock continues to dance around a handle-style buy point at 354.99. Share fell again Monday as Tesla remained below the buy zone but came off the day's lows.
DoorDash, which topped last month's list of new buys by the best mutual funds, climbed past the very top of its 207.23 to 217.58 buy zone. The stock previously triggered the 8% sell rule from a double-bottom base's 201.03 buy point, but has battled back impressively.
Like Tesla, Visa stock has slipped below its recent buy point. The credit card giant earlier cleared a 366.54 entry before quickly pulling back. But the stock has found support at its 21-day exponential moving average as it looks to charge back into buy range. Visa came off Monday's lows to close just shy of it initial entry.
Stocks To Watch: Top IPOs, Big And Small Caps, Growth Stocks
Robinhood Stock Leads Three Watchlist Members
Robotic surgery pioneer Intuitive Surgical and Toronto-based electronics contract manufacturer Celestica join Robinhood stock on the IBD Leaderboard watchlist.
Robinhood earned a spot on this year's list of the best online brokers. It has shown strength since clearing an aggressive alternate entry of 51.07. Now clearly extended from that buy point, Robinhood had also rushed past a 49.88 buy point in double bottom, a common pattern in volatile markets.
Meanwhile, shares of Intuitive Surgical has held support at the 21-day line as the stock takes aim at a 616 buy point. In a sign of rising technical strength, the 21-day exponential moving average has climbed back above both the 50-day and 200-day benchmarks. Now look for the 50-day moving average to retake the longer-term 200-day line.
Shares of Celestica have sparked a narrow handle to offer a 124.67 buy point. But note that the stock remains nearly far below a 52-week high of 144.27. Overhead supply remains a big risk.
Follow Matthew Galgani on X (formerly Twitter) at @IBD_MGalgani.
