Sound like time to sell[Happy]
Nvidia Ranks Among the Top "Rebound" Stock Picks, Says Wall Street Bank
Nvidia's stock is one of the S&P 500's best performers in Monday action as BofA outlines why a 'rebound' scenario makes sense for the semiconductor sector. If the semiconductor sector bounces back, Nvidia Corp.'s stock looks like a good play, according to BofA analyst Vivek Arya.He assumes a sector rebound, likely in the fourth quarter of this year, as seasonal headwinds could fade by then. Investors await Nvidia's earnings report later this month, but September has traditionally been the worst month for the PHLX Semiconductor Index SOX, Arya said, which is why some patience may be required.The good news is that the calendar fourth and first quarters typically are much better for chip stocks, a dynamic that is helping fuel Arya's prediction for a rebound. In such a situation, shares of Nvidia, Broadcom Inc. and KLA Corp. are his top picks, as those companies are "the most profitable vendors in their respective end markets.". Meanwhile, in the case of a "resurgence scenario and poten
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