InvestorPlace - Stock Market News, Stock Advice & Trading Tips
When you log in to InvestorPlace, you come for perspective. It's our mission to provide high-quality, opinionated analysis to guide you on your stock-picking journey. Please see our publishing guidelines here . Below you'll find some of the best stock market analysis, commentary and insights from myriad InvestorPlace writers. Please check back often, as this post will be continuously updated with the day's hottest takes on the top stocks to invest in and the stocks to avoid.
InvestorPlace's Top Stocks Today
Financial guru and Editor of Growth Investor , Louis Navellier, discussed his Best Stocks of 2018 pick, Nvidia (NASDAQ: NVDA ), and didn't shy away from NVDA's recent rout. Will it make a comeback ?
"[W]hat happened in 2018 wasn't all about NVDA. It was the entire tech sector and most chipmakers in particular. Most of the issues were about trade wars and tariffs, especially for goods that had chips in them. And in today's world, most products have chips in them of one sort or another … But if you go back to the descriptions of the sectors that Nvidia is a leader in - gaming, cloud computing, big data, AI, robots, "smart" vehicles and buildings - it is well placed for the future. And this doesn't even touch NVDA's potential growth in virtual reality and augmented reality markets, which will benefit mightily from its GPUs."
Louis also researched the top stocks smart money is piling into, which include Sarepta Therapeutics Inc (NASDAQ: SRPT ), Zendesk Inc (NYSE: ZEN ) and Match Group (NASDAQ: MTCH ), among others.
While Matt McCall, Editor of Investment Opportunities , discussed a massive technological breakthrough in a technology most people take for granted:
"If there's one thing I have learned from this year's [CES], it's that the gadgets of the future will require longer battery life. Not only will the next generation of batteries need to go further on a single charge, their overall lifespan will need to increase dramatically as well. Good thing solid state batteries are slated to be the next big battery breakthrough. The greatest development with these new batteries is that they use solid electrolytes instead of liquid ones. This alone will improve nearly every aspect of today's battery technology and be a boon to any battery stocks that get in on the ground floor."
In the marijuana industry, Tilray (NASDAQ: TLRY ) attracted plenty of chatter Friday, as TLRY stock rose a whopping 19.4%. Will Ashworth discussed this hot pot stock and the need to proceed with caution:
" Inevitably, as cannabis companies in Canada and elsewhere stake their claims to different parts of the cannabis industry, comparisons will be made to the Gold Rush of the 1800s. And as in the days of the Gold Rush, there will be winners, losers, and posers … I don't think there's any way you can consider Tilray a poser. Anheuser-Busch and Sandoz wouldn't have signed on to these deals if they had a sniff of doubt about Tilray's bona fides . However, as InvestorPlace'sLuke Lango pointed out in late December, the BUD partnership is not a huge catalyst that can move TLRY stock back into triple digits. "
Meanwhile, Chris Tyler plotted the course of hot streaming stocksNetflix (NASDAQ: NFLX ) and Roku (NASDAQ: ROKU ):
"For bullish investors agreeable with ROKU's big picture prospects off and on the price chart, I'd suggest waiting for the current three-day simple pullback pattern to confirm a low is in place. That should happen sometime in the next day if a daily chart entry is to appear."
Though Tyler was more cautious in his treatment of NFLX stock:
"Netflix has staged an equally impressive, but much swifter overbought 45% price reversal into zone resistance. This fragile position is punctuated by the 200-day simple moving average, 50% - 62% retracement levels and a downtrend line. Bearing that in mind, NFLX stock is in need of a less exciting, but important program change similar to what's going on in ROKU stock before investors consider buying shares."
Top Stocks in the Hot Seat
Activision Blizzard (NASDAQ: ATVI ) started the last trading day of the week with a 9.5% dive. Ouch. Vince Martin took ATVI to task , warnings investors not to get involved until its narrative changes:
"How, exactly, is Activision supposed to grow? Per the 10-K, roughly two-thirds of revenue comes from four franchises: Call of Duty, Candy Crush, World of Warcraft and Overwatch. The first three of those games, in particular, are mature, and largely done growing. WoW is in a multi-year decline. Overwatch revenue is down this year, according to the 10-Q. Hearthstone is down this year and the last. There's a case that Activision is struggling with competition from Epic Games' Fortnite at the moment, as Dana Blankenhorn argued last month. But there's more going on than just a short-term, single-game problem."
Is now the time to buy Canopy Growth (NYSE: CGC )? Not according to Ian Bezek, who sees a bungled legalization rollout in Canada and dwindling margins:
"A study out this week found, shockingly enough, that black market weed remains way cheaper than the government-sanctioned product in Canada. Statistics Canada ran a survey of prices finding that legal weed cost C$9.70 per gram. That's far more than the average black market price of C$6.51 - almost 50% more in fact. This highlights two major bearish points for marijuana stocks. For one, margins are going to come way down. Bulls keep emphasizing the upside if pot consumption grows dramatically while prices remain stable. However prices are clearly going to plunge as more supply comes online."
Looking toward next week's kickoff of earnings season, Vince Martin dives into upcoming bank earnings with a word of caution:
"From a broad market standpoint, Bank of America (NYSE: BAC ) earnings, like those from JPMorgan Chase (NYSE: JPM ), need to be on point. This is a company that already has made a notable effort to minimize risk. If risks show up anyway, that's a sign that credit quality may be starting to deteriorate across the industry - a potential sign of trouble for the market as a whole. But the report also will show whether Bank of America is paying a price for that strategy. I've long thought JPM and BAC were the top stocks among financials - but that might not seem the case after next week."
That's it for today's stock market commentary roundup. Please feel free to drop us a note at firstname.lastname@example.org to let us know what we got right and what we got wrong. Happy investing!
John Kilhefner is the Deputy Managing Editor of InvestorPlace.com. As of this writing, he did not hold a position in any of the aforementioned securities.
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