3 Stocks for an Unstoppable Bull Market
During the good times, stocks in general tend to perform well, even if it's not necessarily warranted given their financials. However some stocks are positioned to really benefit from the good tidings a bull market brings. Three that rise to the top are dominant software design provider Adobe (NASDAQ: ADBE), cloud-based e-commerce mainstay Shopify (NYSE: SHOP), and graphics chip king NVIDIA (NASDAQ: NVDA).
Tim Brugger (Adobe): Considering its stock is up 47% year to date, it's not surprising that Adobe is trading at 47 times trailing earnings. But Adobe has earned its outstanding performance and what may appear to be a relatively expensive stock price. However, at just 29.5 times forward earnings, Adobe's valuation suddenly doesn't seem so steep.
Last quarter's record-breaking $1.84 billion in sales, good for a 26% increase, wasn't the only good news Adobe shared. Adobe's earnings per share (EPS) soared 56% to $0.84, obliterating last year's $0.54 a share.
Source: Fool.com
NVIDIA Corp. Stock
Our community is currently high on NVIDIA Corp. with 190 Buy predictions and 8 Sell predictions.
With a target price of 110 € there is a slightly positive potential of 14.88% for NVIDIA Corp. compared to the current price of 95.75 €.
