{Buy Signal Activated} This Stock is Back Again in the Buy Zone

Two activist and controversial investor groups face off. Ready your popcorn! The Most Powerful Patterns in the Stock Market These 5 unique patterns have proven to be incredibly historically accurate. Most investors have no idea which price patterns work and which don’t… And it may SHOCK you when you see which one performs best. [ > Click here now if you’re ready]( By clicking the link above you agree to periodic updates from WealthPress and its partners [(privacy policy)](  Don't Miss Out: Buy Alert Again Activated for This Stock [Image]  Hello Stock Traders  I’ve been thinking a lot about Nvidia lately, I mean, it's an absolute powerhouse in data centers and gaming, and it's dipping its toes into the AI chips pool. After clearing a new buy point and nearly doubling its value this year, it's got me wondering: should we buy Nvidia stock again? Evercore analysts seem to be on the same wavelength as me, naming Nvidia a "top pick" on May 1. Rosenblatt Securities also added NVDA to their list of seven chip stocks that'll likely benefit from the ever-growing AI tech spending. And when it comes to AI, Nvidia's been making moves left and right, announcing various initiatives and partnerships to broaden its reach in the AI world. Nvidia's CEO, Jensen Huang, even said, "We are at the iPhone moment of AI." That's a bold claim, but it's hard not to get excited about the potential of advanced chips needed for things like our beloved ChatGPT chatbot. So, what's the deal with Nvidia stock? On May 1, it shot up 4.2%, and shares managed to top a 281.20 buy point from a three-weeks-tight pattern. A popular investment site even named Nvidia its Stock of the Day on the same day. Though the current market trend calls for a cautious approach, it might be worth considering a small position or increasing an existing stake in Nvidia. Now, let's talk earnings. Nvidia's EPS Rating is 63 out of 99, and its SMR Rating is a solid B. On Feb. 22, the company beat Wall Street's earnings target for its fiscal fourth quarter and predicted an even better current period.  But let's not forget that Nvidia's earnings took a 33% dip while sales sank 21% year over year. Out of 47 analysts covering NVDA stock, 34 are all-in with a buy rating, while the remaining 13 are holding steady, and no one's waving a red flag with a sell rating. That's pretty impressive if you ask me. Nvidia's had its fingers in a lot of pies, from pioneering GPUs to making strides in AI chips, Bitcoin mining, and even self-driving electric cars. And let's not forget its recent foray into the metaverse. With all these exciting ventures, it's no wonder fabless chip stocks like Nvidia are ranking high in the industry. Despite the lingering uncertainties and risks of a global recession, Nvidia's earnings and sales are expected to bounce back this year. The company's continuing expansion into AI, automated electric cars, cloud gaming, cryptocurrencies, and the metaverse could generate even more demand for its chips. So, is Nvidia stock a buy? Well, it's been on a roll in 2023, and it broke out on May 1, remaining within the proper buy range. Considering its leadership in the chipmaking industry and its exposure to top end-markets, I'd say Nvidia stock is definitely worth a look. After all, who doesn't want to be part of the "iPhone moment of AI"?  Trade safe!  -James  Coming Up Next: What happens when two activist investor groups face each other? Find out in the article below!   SPONSORED 🔽 Sponsored [A 100% Win Rate In 2022… Over The Past 6 Years...]( The next 10 minutes could change your life. We’ve recorded a special sit-down interview with a reclusive millionaire who details how he’s closed out winning trade after winning trade throughout the volatility of 2022. In fact, he hasn’t closed a single losing trade since 2016. Sounds impossible? It’s not - and he’ll prove it to you. [Click to see this exclusive sit-down interview.]( [Privacy Policy/Disclosures]( Battle Royale: Activist Investors Square Off So, here's the scoop. Short seller Hindenburg Research has decided to challenge activist investor Carl Icahn’s publicly traded holding company, Icahn Enterprises. Hindenburg, known for its knack in shaking things up in the corporate world, thinks Icahn Enterprises is overvalued and holding onto assets at inflated prices. You could say this sets the stage for a clash of titans, Nathan Anderson of Hindenburg and Carl Icahn himself. Both are well-known for stirring up corporate boardrooms with their allegations of wrongdoings and incompetence. It's kind of like watching a corporate version of Game of Thrones, just without the dragons and the literal backstabbing. As for Icahn, he didn't immediately respond to requests for comment, but I bet he was probably too busy counting his money or making his next billion-dollar move.  So why is Hindenburg, a New York-based investment firm, throwing a glove at Icahn Enterprises? Their report suggests that the company trades at a significant premium compared to its peers, thanks to the inflated valuations of its investments. This, mind you, is a company with a market cap of $18 billion. Now, if you're unfamiliar with Hindenburg's M.O., they make their dough by shorting companies and then publishing research to move the market against their stock. Remember the big Nikola scandal? Or the more recent kerfuffle with the Adani Group, which lost about $110 billion in value after Hindenburg's report? That's their handiwork. Carl Icahn, on the other hand, is sort of like the Gordon Ramsay of investing. He buys stakes in companies and then agitates for changes to drive up their stock, frequently criticizing CEOs and board directors along the way. He's led high-profile campaigns at Dell Technologies, Herbalife Nutrition, and Illumina, helping him amass a fortune valued at more than $16 billion. A lot of that fortune is tied up in Icahn Enterprises, a publicly traded partnership, with Mr. Icahn controlling 85% of the shares. Now, this company has its fingers in all sorts of pies, including equity stakes in businesses like Xerox and ownership of a variety of companies in sectors like energy, aftermarket auto parts, and food packaging. The net asset value of its holdings at the end of last year was $5.6 billion, according to company filings. Here's where Hindenburg's argument comes in. The firm notes that Icahn Enterprises' stock trades at a premium of over 200% to the reported value of its assets. This, Hindenburg claims, stands out starkly against public entities run by other big investors like Dan Loeb’s Third Point Investors and William Ackman’s Pershing Square Holdings, which trade at discounts of 16% and 35%, respectively, to their reported net asset value. So, it's quite the showdown we have on our hands here. I can't wait to see how this corporate tug-of-war unfolds. Pass the popcorn, please!   Disclaimer:  The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.  Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.  Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio.  Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit tradersontrend.com/terms for our full Terms and Conditions.  COE MEDIA.   1126 S Federal Hwy Unit #827   Fort Lauderdale, FL 33316 [UnsubscribeÂ](  [Privacy Policy](