When most investors are on the hunt for a good stock to buy, they begin their search by looking for what is cheap. While that can be a sound long-term strategy, it is a mistake to explicitly exclude companies that are trading near their 52-week high from your shopping list. After all, stocks go up, for the most part, because they are doing something right. If they can keep that business momentum going into the future, then more upside is possible ahead.
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With that in mind, we asked a team of Fools to highlight a stock that is trading near its 52-week high that they still believe is worth buying today. Read on to see why they picked NVIDIA (NASDAQ: NVDA), Verisk Analytics (NASDAQ: VRSK), and UPS (NYSE: UPS).
A good business at a fair price
That below-market price is hard to justify given that the underlying business at UPS is doing pretty well. In the
Add it all up and you have a good business that's selling for a fair price. Over the long term, these types of investments tend to do very well, which is why UPS stock still looks worth buying today.
The best database in the business
Visualizing even more market-beating growth
But while I pounded the table for investors to pick up shares of NVIDIA last month as a
After all, revenue at NVIDIA's core gaming segment last quarter grew 63% year over year, to $1.2 billion, driven by the launch of its wildly popular Pascal architecture. And NVIDIA's data center revenue nearly tripled over the same period, to $240 million, thanks to broad-based growth in artificial intellignce and supercomputing applications, as well as strong demand for its GRID graphics-virtualization platform.
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Similarly, sales from NVIDIA's automotive segment grew 61%, to $240 million. But NVIDIA's automotive efforts are also still primarily driven by its chips' inclusion in premium infotainment products, which represent a fraction of the multibillion-dollar market its innovative
For patient investors willing to buy NVIDIA stock now -- even after its recent meteoric rise -- I think the company is only just getting started.
Forget the 2016 Election and find out why Nvidia is one of the 10 best stocks to buy now
Donald Trump is the new president, and you're naturally wondering how best to protect your portfolio and profit in the process. Well, Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. (In fact, the newsletter they run, Motley Fool Stock Advisor, has nearly tripled the market!*)
With their record of winning in up and down markets, David and Tom know how to invest profitably no matter who occupies the White House.
Tom and David just revealed their ten top stock picks for investors to buy right now. Nvidia is on the list-but there are
*Stock Advisor returns as of November 7, 2016