Nvidia, ASML Lead Five Stocks Near Buy Points With Roaring Growth
The article is a market watchlist piece highlighting five stocks near buy points as the broader market attempts to extend a bullish trend. NVIDIA is the key focus, trading just above an early entry and about 5% below a cup-base buy point ahead of Aug. 26 earnings, with analysts expecting earnings and revenue to nearly double. Nucor is holding near a breakout after strong earnings and benefits from tariffs and infrastructure/AI data center demand. Avnet is also near a buy zone after a powerful earnings breakout, while ASML has reclaimed its 50-day line and remains an AI chip equipment leader. Cenovus Energy broke out with oil prices rising and posted strong production and earnings gains. Overall, the piece is constructive on AI, steel, semiconductor equipment, and energy names, reflecting broad strength in stocks with strong fundamentals and technical setups.