by winston » Tue Sep 13, 2016 11:53 am
not vested
Fall Stocks to Buy: Nvidia (NVDA)
Back in the day, investors used to talk about utilities, consumer staples — like toothpaste and shampoo — and health care companies as defensive stocks.
Well, it’s time to update the map a bit. While all of those sectors are still filled with good defensive stocks (as we’ve noted in SlingShot Trader), we need to expand our list of consumer staples stocks.
We consider Nvidia Corporation (NASDAQ:NVDA) to be a consumer staples growth stock. When you look around you, one thing should be abundantly clear: Computers, mobile phones and tablets are everywhere, and they are only becoming more popular.
Within many of those electronic devices, you will find a processor created by Nvidia, because video processing is vital in many devices.
The reason we’d consider NVDA to be a consumer staples stock is because many younger people, if push came to shove, say they would choose to pay for their mobile device even if they had to miss a rent payment.
We think it is a growth stock because the company continues to expand into more and more devices that are in high demand themselves. Watch for NVDA to keep its uptrend intact.
Source: Investor Place
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