2 Blue Chip Industrial Stocks I'd Buy Into This Week's Weakness Without Hesitation
Key takeaways
- NVDA If there's a problem with bull markets, it's that pullbacks can be hard to come by.
- If the stocks in question are quality names already in strong uptrends, waiting on deep pullbacks may be a fool's errand.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
NVDA If there's a problem with bull markets, it's that pullbacks can be hard to come by. Compounding that issue is that "weak" is a subjective term for many investors. For some market participants, a stock faltering 2% or 3% over just a few days is inviting. For others, that's not enough retrenchment.
If the stocks in question are quality names already in strong uptrends, waiting on deep pullbacks may be a fool's errand. So with some stocks, getting in the game on modest pullbacks may be the best course of action. That gets me to a pair of industrial stocks I'm eyeing that have traded slightly lower in recent days.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »