NVIDIA saw its IBD SmartSelect Composite Rating jump to 97 Wednesday, up from 94 the day before.
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The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
NVIDIA is currently forming a consolidation, with a 153.13 buy point. Look for the stock to break out in volume at least 40% above average.
The stock earns a 99 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 99% of all stocks.
Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
In Q4, the company posted 71% earnings growth. Sales growth fell to 78%, down from 94% in the previous quarter. The company's next quarterly report is expected on or around May. 28.
NVIDIA holds the No. 3 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom is the top-ranked stock within the group.
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