AT&T, Verizon Reach Stock Buy Points; High-Rated Nvidia Rockets

By | February 18, 2016

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alt : http://feedproxy.google.com/~r/InternetTechnologyRss/~5/K0NidfruiVg/TopTechs_VIDIT01_-2_18_16_SD.mp4http://feedproxy.google.com/~r/InternetTechnologyRss/~5/K0NidfruiVg/TopTechs_VIDIT01_-2_18_16_SD.mp4 Loading the player…   After three straight up days for the stock market through midweek, some top-rated tech stocks are flashing buy signals, and others are on the move. Graphics chip maker Nvidia ( NVDA ) jumped as much as 12% early Thursday after the Tesla Motors ( TSLA ) partner blew past estimates for the fourth quarter, as well as beating on guidance, with its Wednesday afternoon earnings report . Heading toward the closing bell Nvidia stock was up almost 9% for the day, near 30. The company gets a strong 93 Composite Rating out of a possible 99 from IBD, and while not yet in buy range, it is moving in the right direction. Wednesday, the company said Facebook ( FB ) and Alibaba Group ( BABA ) will use its accelerator technology for machine learning, an aspect of artificial intelligence. The S&P 500 index was down fractionally approaching Thursday’s closing bell, tempering the stock market rally this week. Telecoms Grab Top Ratings Sole IBD Leaderboard tech stock  AT&T ( T ) climbed into buy range above 36.55 as of Tuesday, from a recent base. It was up almost 1% ahead of the closing bell in the stock market today , near 37. Fund managers have increased holdings, drawn partly by AT&T dividends and the company’s stability as a defensive play. It gets a best-possible IBD Composite Rating of 99. That other big telecom, Verizon ( VZ ), also has a high dividend and gets a best-possible Composite Rating from IBD. Up more than 1% in afternoon trading, it rose into buy range today, just above a 50.96 buy point. Near the closing bell Verizon flirted with that number. It’s on IBD’s Big Cap 20 list, as is cable giant Comcast ( CMCSA ), expected to bid for wireless spectrum in a March FCC auction. Comcast could become a significant wireless provider, Mobilocity analyst Gerry Purdy said Wednesday. It’s about 9% under a buy point and was trading near 57 Thursday afternoon, down a fraction. Research this week from S&P Capital IQ analyst Lindsey Bell pegs telecom services as the leader in terms of Q4 earnings growth among 10 sectors it tracks, at about 20%. Verizon stock is up about 10% so far this year, and AT&T is 8% higher. Comcast is up about 2%, while Nvidia remains down 9%. Scalper1 News

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