We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Zacks Market Edge Highlights: NVDA, DELL, LLY, CMG and CAVA
Read MoreHide Full Article
For Immediate Release
Chicago, IL – March 8, 2024 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/2237396/should-you-buy-red-hot-stocks-now-or-wait
Should You Buy Red-Hot Stocks Now or Wait?
Welcome to Episode #393 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds, and ETFs and how it impacts your life.
This week, Tracey is going solo to discuss the roaring stock market. If you haven’t bought some of the hottest stocks on the Street, should you still dive in or is it too late to buy?
A friend of Tracey’s asked her over the weekend whether she should buy NVIDIA here. NVIDIA has been hitting new highs nearly every day. There is a fear of missing out, or “FOMO,” component to the stock now if you aren’t already in it. Waiting for a pullback seems useless as there hasn’t been one for weeks.
Not Just Tech Hitting New Highs
But the question of whether to buy or not after this rally isn’t just about technology stocks. The drug companies with weight loss drugs are also red-hot as are some of the restaurant stocks. Many industries, outside of the banks, oil and natural gas, lithium and the fertilizers, just to name a few, have been up big this year.
If you’re not yet in these stocks, should you wait for a pullback or should you just dive in?
Tracey looked at her favorite stock chart, the Zacks’ Price and Consensus chart, to try and find answers. But maybe the key is NOT the actual technical chart, but in the earnings outlook.
NVIDIA has been one of the hottest stocks this year. It seemingly goes up almost every session. NVIDIA shares are up 80% year-to-date.
But earnings are expected to rise 79.2% in fiscal 2025 after jumping last year. NVIDIA trades with a forward P/E of 37, which isn’t high for the company historically. NVIDIA also has a PEG ratio of just 1.25. A PEG ratio under 1.0 indicates a company has both value and growth.
Dell Technologies recently surprised on earnings again and its shares have taken off. Dell is up 55% year-to-date and is at 5-year highs.
Earnings are expected to rise just 0.7% in fiscal 2025 but 15.6% in fiscal 2026. Dell trades with a forward P/E of just 16.4 and a has a low PEG ratio of just 1.37.
Eli Lilly is tracking NVIDIA in 2024. It seems like the stock hits a new high every day. Shares of Eli Lilly are up 33.8% year-to-date and 145% over the last year thanks to the demand for weight loss drugs.
Earnings are expected to soar 96.8% in 2024. Eli Lilly now has a high forward P/E of 62.5 but it has a PEG ratio of just 1.7.
Chipotle Mexican Grill continues to impress which is why it is often regarded as one of the top restaurant stocks. Shares of Chipotle are up 17.6% year-to-date but over the last year, they have soared 78.2% to new all-time highs.
Earnings are expected to rise another 18.3% in 2024. Chipotle isn’t cheap on a P/E basis but it hasn’t been for over a decade. Chipotle trades with a forward P/E of 51. It has a PEG ratio of 2.3.
CAVA is one of the new up-and-coming restaurant chains. It only went IPO last year, in 2023. But shares of CAVA are up 38% year-to-date.
Earnings are expected to rise 9.5% in 2024 as it continues its growth plan of opening up new locations. CAVA has a sky-high forward P/E of 246, however. And CAVA doesn’t have a PEG ratio on Zacks.com.
Is it too late to buy CAVA?
What Else do you Need to Know About Buying Stocks During a Big Rally?
Tune into this week’s podcast to find out.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Zacks Market Edge Highlights: NVDA, DELL, LLY, CMG and CAVA
For Immediate Release
Chicago, IL – March 8, 2024 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/2237396/should-you-buy-red-hot-stocks-now-or-wait
Should You Buy Red-Hot Stocks Now or Wait?
Welcome to Episode #393 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds, and ETFs and how it impacts your life.
This week, Tracey is going solo to discuss the roaring stock market. If you haven’t bought some of the hottest stocks on the Street, should you still dive in or is it too late to buy?
A friend of Tracey’s asked her over the weekend whether she should buy NVIDIA here. NVIDIA has been hitting new highs nearly every day. There is a fear of missing out, or “FOMO,” component to the stock now if you aren’t already in it. Waiting for a pullback seems useless as there hasn’t been one for weeks.
Not Just Tech Hitting New Highs
But the question of whether to buy or not after this rally isn’t just about technology stocks. The drug companies with weight loss drugs are also red-hot as are some of the restaurant stocks. Many industries, outside of the banks, oil and natural gas, lithium and the fertilizers, just to name a few, have been up big this year.
If you’re not yet in these stocks, should you wait for a pullback or should you just dive in?
Tracey looked at her favorite stock chart, the Zacks’ Price and Consensus chart, to try and find answers. But maybe the key is NOT the actual technical chart, but in the earnings outlook.
What do fundamentals look like?
5 Red-Hot Stocks: Should You Buy or Wait?
1. NVIDIA Corp. (NVDA - Free Report)
NVIDIA has been one of the hottest stocks this year. It seemingly goes up almost every session. NVIDIA shares are up 80% year-to-date.
But earnings are expected to rise 79.2% in fiscal 2025 after jumping last year. NVIDIA trades with a forward P/E of 37, which isn’t high for the company historically. NVIDIA also has a PEG ratio of just 1.25. A PEG ratio under 1.0 indicates a company has both value and growth.
Is it too late to buy NVIDIA?
2. Dell Technologies Inc. (DELL - Free Report)
Dell Technologies recently surprised on earnings again and its shares have taken off. Dell is up 55% year-to-date and is at 5-year highs.
Earnings are expected to rise just 0.7% in fiscal 2025 but 15.6% in fiscal 2026. Dell trades with a forward P/E of just 16.4 and a has a low PEG ratio of just 1.37.
Is it too late to buy Dell Technologies?
3. Eli Lilly and Company (LLY - Free Report)
Eli Lilly is tracking NVIDIA in 2024. It seems like the stock hits a new high every day. Shares of Eli Lilly are up 33.8% year-to-date and 145% over the last year thanks to the demand for weight loss drugs.
Earnings are expected to soar 96.8% in 2024. Eli Lilly now has a high forward P/E of 62.5 but it has a PEG ratio of just 1.7.
Is it too late to buy Eli Lilly?
4. Chipotle Mexican Grill, Inc. (CMG - Free Report)
Chipotle Mexican Grill continues to impress which is why it is often regarded as one of the top restaurant stocks. Shares of Chipotle are up 17.6% year-to-date but over the last year, they have soared 78.2% to new all-time highs.
Earnings are expected to rise another 18.3% in 2024. Chipotle isn’t cheap on a P/E basis but it hasn’t been for over a decade. Chipotle trades with a forward P/E of 51. It has a PEG ratio of 2.3.
Is it too late to buy Chipotle?
5. CAVA Group, Inc. (CAVA - Free Report)
CAVA is one of the new up-and-coming restaurant chains. It only went IPO last year, in 2023. But shares of CAVA are up 38% year-to-date.
Earnings are expected to rise 9.5% in 2024 as it continues its growth plan of opening up new locations. CAVA has a sky-high forward P/E of 246, however. And CAVA doesn’t have a PEG ratio on Zacks.com.
Is it too late to buy CAVA?
What Else do you Need to Know About Buying Stocks During a Big Rally?
Tune into this week’s podcast to find out.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
See Stocks Free >>
Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch/
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com/performance
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.