Tech stocks worth buying, including Apple and Nvidia | Wilnesh News
Bank of America said a range of stocks, including Nvidia, were expected to rise further. The company recently listed some big-name stocks it believes are worth snapping up, including the artificial intelligence darling, whose shares have more than doubled in 2024. Position yourself to gain additional benefits. In addition to Nvidia, these names include Apple, Nextracker, BJ’s Wholesale Club and Ralph Lauren. BJ’s Wholesale Club BJ’s is firing on all cylinders, according to analyst Robert Ohmes. He said in a recent report that BJ’s has “maintained strong momentum in membership, traffic and sales” despite intensifying warehouse competition. Ohmes highlighted the warehousing company’s digital strategy, noting that BJ’s continued launch of its own brands has not been taken seriously by investors. That’s not all, the analyst said. Ormes added: “Beijing’s natural gas business also continued to gain share, but first-quarter profits were lower than expected.” The stock is set to rise 32% in 2024, but analysts say investors should take advantage if the share price falls. Buy the dip. “We reiterate our buy rating and expect BJ’s to gain more share in the current environment as consumers continue to adjust to higher prices, making BJ’s value proposition and price positioning more attractive,” he said. “She’s on track,” Ralph Lauren analyst Christopher Nardone recently wrote of the apparel company. Ralph Lauren shares are up nearly 30% this year, but the company says there’s still plenty of room for growth. Naldo noted that the company reported strong fourth-quarter earnings, with particularly strong performance from its international business. “We are encouraged by the continued strength of global companies during the quarter, especially in Europe,” he wrote. In addition, analysts said management is confident and cost savings are the company’s top priority. Nardone added: “We maintain a buy rating and continue to believe that RL’s performance will have the opportunity to further improve margins (above expectations) and increase brand enthusiasm.” Apple analyst Wamsi Mohan (Wamsi Mohan) believes that the technology company Giants are the first choice. He said he is very optimistic about the prospects of Apple’s artificial intelligence-enhanced iPhone. “With more than 4 billion smartphones installed, we believe the next upgrade cycle has the potential to become a once-a-decade event,” Mohan wrote. In fact, the company believes phones with artificial intelligence capabilities have the potential to make users more competitive than ever before. Smartphones are moving faster to AI-enabled devices. Mohan said: “As artificial intelligence technology develops, the gap between Intel iPhones and traditional smartphones may further widen as they offer more complex and personalized features, driving the desire to upgrade.” By 2024 , the company’s stock price will fall by about 0.2%. Nextracker “All in… We reiterate our Buy rating on solar tracking company Nextracker Inc following strong fourth-quarter results. NXT reported a record backlog of $4 billion, with bookings exceeding $1 billion, reflecting Nvidia “Reaffirms Buy, preferred industry choice NVDA’s unrivaled combination of: 1) Turnkey system design, we believe it can maintain over 80% market share in the AI accelerator market, likely to double year-over-year by 2024 Doubling to approximately $100 billion and likely doubling again to $200 billion by 2027 and over $300 billion by 2030, 2) Existing scale across a broad range of customer verticals, and 3) consistent roadmap execution to ensure a smooth transition to next-generation Blackwell products and continued online growth BJ’s Wholesale Club “Given the momentum in membership, traffic and sales, our PO rose to $95 for F26E. 21-22x earnings of $4.35 per share. …BJ also continues to grow share of its natural gas business, while first-quarter profits remain more attractive than expected. Stable. …We maintain our Buy rating and continue to view RL as a leader on opportunities to further improve margins (above expectations) and increase brand sentiment. …We are encouraged by continued strength in global comparisons this year. 4 billion smartphones, we believe the next upgrade cycle is likely to be a once-in-a-decade event. … Maintain a Buy rating on multi-year upgrade cycles, rising gross margins, and long-term service growth. … Artificial intelligence technology continues to evolve, and IntelliPhone and The gap between traditional smartphones is likely to widen further as it offers more sophisticated and personalized features, driving the desire to upgrade.
