After the Nasdaq briefly notched an all-time high on July 31, new tariffs from President Donald Trump and a weak jobs report sent the tech-heavy index lower Friday to kick off August. That shook up Nvidia, Broadcom, Palantir Technologies and others on the Investor's Business Daily Leaderboard. As the Nasdaq rebounded Monday, Palantir stock just topped earnings estimates late Monday.
CoreWeave, Robinhood Markets, and Circle Internet are among six names on the Leaderboard watchlist. Smashing Nvidia and all the Magnificent Seven stocks over the last 12 months, construction firm Argan also makes the watchlist as it looks to refurbish a recent breakout.
Palantir Tops Estimates Powered By Robust U.S. Government Growth
Palantir Stock In Focus Ahead Of Nvidia, Broadcom
With shares hitting an all-time high Monday, Wall Street has its eyes on Palantir's latest results, which just beat consensus estimates for earnings and sales.
Fellow artificial intelligence leaders Nvidia and Broadcom report later this month. Set to report on Aug. 27, analysts expect Nvidia earnings to spike 47% to $1 per share. They also project a 52% rise in revenue to $45.7 billion.
Scheduled to report on Aug. 28, forecasts for Broadcom call for 24% earnings growth to $1.66 per share and a 21% sales increase to $15.8 billion.
Nvidia and Broadcom are both within striking distance of yet another record high.
Other IBD Leaderboard names set to report soon include DoorDash, Vistra, and Wheaton Precious Metals.
As DoorDash notches an all-time high, analysts expect the food delivery service to continue its impressive turnaround in earnings while posting solid double-digit sales growth. The company reports on Wednesday.
Also trading at record highs, power play Vistra is expected to generate 24% revenue growth to more than $4.7 billion when it reports on Thursday.
Featured in this column on July 22, Wheaton Precious Metals has climbed back into buy range in a second-stage flat base. Also set to report on Thursday, analysts expect earnings growth of 77% to 58 cents per share. Wall Street is also looking for a 55% sales increase to $464.7 million.
Argan, Robinhood Among Leaderboard Stocks To Watch
Including Robinhood, Argan and CoreWeave, six stocks have earned a spot on the IBD Leaderboard watchlist.
Social media play Reddit, Singapore-based Sea Limited, and June IPO Circle also make the cut. Circle issues USD Coin, the second-largest stablecoin, often referred to as USDC.
While most of these stocks to watch are not currently actionable, Sea Limited continues to craft a new cup with handle. And Argan has found support at its 50-day moving average as it looks to return to buy range from a second-stage cup pattern.
Follow Matthew Galgani on X (formerly Twitter) at @IBD_MGalgani.
