Technology

Top Stock Picks for Week of August 3, 2020

Crocs, Inc. CROX, is a world leader in innovative casual footwear for men, women and children. At present, this high performance stock has an expected long-term earnings growth rate of 15% and a Zacks Rank #1 (Strong Buy). With a Zacks Growth Style Score of “A”, Crocs offers a broad portfolio of all-season products, while remaining true to its core molded footwear heritage. Fans of Crocs stick with the brand, which has helped the company excel in the pandemic though online sales. The company reported EPS recently, seeing an EPS beat of triple digits. Revenue also beat substantially. Margins ticked higher, but the big beat could be attributed to the 67% year over year growth in e-commerce.

NVIDIA Corporation NVDA, is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. NVIDIA is benefiting from the coronavirus-induced work from home and learn-at-home wave. The company is also benefiting from strong growth in GeForce desktop and notebook GPUs, which is boosting gaming revenues. Moreover, a surge in Hyperscale demand remains a tailwind for the company’s Data Center business.  NVIDIA is a cash rich company with a strong balance sheet. NVIDIA boasts a sturdy cash-flow generating ability. The company’s accelerated revenue growth along with improving operating efficiency is bringing in higher cash flows. The higher cash flow generating ability lends NVIDIA flexibility to invest in the long-term growth prospects and return money to its shareholders. 

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.

See these 7 breakthrough stocks now>>


Click to get this free report

NVIDIA Corporation (NVDA): Free Stock Analysis Report

Crocs, Inc. (CROX): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Technology Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More