Stocks to Buy: For investors seeking to expand beyond the Indian stock market and diversify their portfolios with some of the most stable stocks offering guaranteed returns, the United States stock market presents a compelling opportunity.
The US stock market exchanges have witnessed a slow but steady gain in the last six months, with some conventional stocks like Nvidia, Meta continuing their upward growth momentum.
Top 5 Stocks For Global Investors
Despite geopolitical uncertainty, trade tensions, and sharp policy shifts under United States President Donald Trump’s leadership, key benchmark indices of US stock exchanges have given decent returns in the last six months.
The NASDAQ Composite Index has surged by around 6.49% in six months, whereas the NASDAQ-100 has rallied around 6.88% during the same period. The New York Stock Exchange’s Dow Jones Industrial Average (DJIA) has declined by around 1.88% and the S&P 500 has surged by an estimated 4% in six months.
Over the past few days, the US stock market has showcased some bullish movement after top companies reported upbeat quarterly earnings. For investors who are interested in putting their money in the US stock market, here are the top stocks to buy in US stock market, as recommended by expert Anuj Gupta of HDFC Securities.
REDDIT share price surged by around 26% to close at around $188 on the NYSE on Friday. The stock emerged as a top performer after it reported strong quarterly earnings. It reported revenue and EBITDA that exceeded the high-end guidance by $70 million (16%), according to Gupta. Advertising revenue growth accelerated to 84% year-over-year during the quarter, building on the company’s impressive 90.82% gross profit margin.
“Bullish chart structure along with strong numbers may support the stock price further. It may test $220 to $230 levels soon. Strong support at $155 levels,” noted Gupta.
META
The stock rallied around 5.24% to close at $750 levels after the company reported strong second-quarter financial results. Meta CEO Mark Zuckerberg detailed the company’s quarterly earnings where it reported a revenue of $47.52 billion and an earnings per share of $7.14.
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“Meta reported robust second-quarter financial results Wednesday, with revenue jumping 22% year-over-year as the social media giant continues investing heavily in artificial intelligence. Strong fundamentals along with bullish technical structure it may test $800 to $ 820 levels. Strong support seen at $690 levels.”
Tesla
Tesla shares are also showing bullish sentiment and are technically in a rising channel, noted Gupta. “In the last quarter, it increased by 22.57%. Recently, Tesla opened its first store in India, expecting good demand from India. It has strong $240 levels. It has the potential to test $370 to $400 levels,” he added.
NVIDIA
NVIDIA remained the newsmaker of the month after it became the first company to reach around $4 trillion mark. The “bullish chart structure and positive fundamentals attracts the investors. It may test again $200 to $220 levels, strong support seen at $140 levels,” stated Gupta.
Rocket Companies
Rocket reported diluted earnings per share of $0.05 on adjusted revenue of $1.34 billion during the second quarter. The company garnered investors attention because of its encouraging third quarter adjusted revenue guidance of $1.6 billion to $1.75 billion in revenue.
“Last week it increased by 10.27% & closed at $16.27 levels. Based on it performance it has a potential to test $20 to $25 levels, strong support at $10 levels,” he added.