The shares of this computing company were just upgraded by Barclay’s to ‘Overweight’.
NVIDIA Corporation (NVDA)
From Nate’s Notes
Though the chart will start to look more bullish if NVIDIA’s stock can find some traction in the weeks ahead and start heading higher again, I will be the first to admit it will not be a good sign at all if the low that was set at the start of June ends up being taken out anytime soon.
And, consequently, even though I still like the company’s long-term prospects very much, I am selling a few more shares out of both Portfolios this month and lowering the buy limits a bit while we wait to see what happens at the upcoming G-20 meeting.
That being said, for those of you just getting started on building up a portfolio around my ideas, NVIDIA is definitely a “first buy.” NVDA is now a strong buy under $135 and a buy under $160.
Nate Pile, Nate’s Notes, www.NotWallStreet.com, 707-433-7903, June 14, 2019