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Apple, Nvidia, Tesla: Trip Chowdhry's 3 Best Stock Ideas

Apple, Nvidia, Tesla: Trip Chowdhry's 3 Best Stock Ideas - Apple Inc. NASDAQ:AAPL, NVIDIA Corporation NASDAQ:NVDA

Trip Chowdhry of Global Equities Research sent an e-mail to clients on Thursday in which he answered perhaps the most common question posed by investors - what are his top stock ideas.

Chowdhry said his top stock ideas for 2016 have not changed. His top pick is still Apple Inc. AAPL 0.44% for the following reasons:

  • 1. Apple's next growth catalyst for its business and stock will come from its operations in India.
  • 2. Senior citizens across the world are now switching from featured phones to Phone devices.
  • 3. Around 90 percent of enterprises have started the process of switching from Android to iPhone devices.
  • 4. The iPhone 7 launch will be "massively successful."
  • 5. The Apple developer ecosystem "continues to remain strong."
  • 6. Recurrent Neural Networks efforts is a "significant platform differentiation."

Second Pick: Nvidia

  • 1. Amazon's AWS GPU Instances is the fastest growing instances on the platform and is the force that powers the instances.
  • 2. Nvidia's GPU's powering Machine Learning clusters have seen a 200 percent year-over-year growth.
  • 3. Apple is procuring Nvidia's GPU to power its Recurrent Neural Network training clusters.
  • 4. Nvidia will see continues strength for its clusters for at least the next 1.5 to 2 years.

Third Pick: Tesla

  • 1. Tesla is "creating a new industry" buy combining its business with SolarCity to create a power generation, power storage and power consumption entity.
  • 2. Tesla's Gigafactory could be valued at $50 billion "when all is said and done."
  • 3. Tesla is seeing production improvements in both its Model S and X vehicles.
  • 4. Production of the upcoming Model 3 sedan will be "smooth" as it uses steel which is "much easy to work with."
  • 5. The "best is still to come."

According to TipRanks, Chowdhry is ranked 267 out of 4057 analysts.

DateFirmActionFromTo
Aug 2016RBC CapitalMaintainsOutperform
Aug 2016DaiwaDowngradesBuyOutperform
Jul 2016Hilliard LyonsUpgradesLong-term BuyBuy

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