Value of advisors…. Does anyone remember who picked NVDA ….
by john.driscoll | February 25, 2024 11:05 am
I was fortunate enough to have some NVDA year ago before the big runup.
Does anyone know which of the “experts” and newsletters etc. predicted and
recommended it as a buy and when they did it ……. my theory is that most
of them are guessing most of the time in their predictions ….
jd
Source URL: https://www.stockgumshoe.com/2024/02/microblog-value-of-advisors-does-anyone-remember-who-picked-nvda/
It’s been among the more
Popular tech stock recommendations for a few years, first with autonomous driving then VR and cryptos as the impetus. The first one I covered was from David Gardner at the Motley Fool, in 2014 if memory serves.
It hasn’t been hard to recommend NVIDIA as a compelling tech stock over the past decade or so… what’s been hard has been holding on, including holding through some huge declines when the story faded a couple times. A year ago, NVIDIA was expected to have declining earnings for 2023.
Perhaps I wasn’t clear about what I meant. I see a lot of the “experts.”
saying “If you bought my recommendations 10 years ago you would.
have 100% more now.” I’m talking about the latest spike beginning
in the first week in Jan which is when I would have wanted to buy it for
the momentum play….. Its easy for them to recommend it now
that everyone is talking about it… I would like to know who was
highlighting the stock in December before it broke out ….
NVIDIA has been by far the most popular stock in the market for about a year now… I’m sure that some short-term newsletters have recommended trades of the stock, but they wouldn’t have used it in their promos because nobody wants to pay for a recommendation to buy the most popular stock in the world. They want “secret” or unknown investments, for the most part.
And, of course, most of the short-term trading newsletters are very likely to have terrible performance over longer periods of time. Just like most day-trading investors do. If there’s a consistent exception to that, I’m unaware of it… but I also don’t write often about short-term trading recommendations. The most likely match for what you’re looking at would probably be the quant-driven investment advisories, like Louis Navellier or TradeSmith, they’re generally more likely to invest in momentum stocks with a shorter time horizon.