Check out this original LinkedIn post on Wednesday, May 31, 2023.
What Others Were Thinking:
To start 2023, NVDA was facing significant skepticism amid a rising rate environment and was down over 50% in 2022.
The BAS Advantage:
The Burney Advisor Services (BAS) Earnings Surprise Model flashed a Buy rating starting in March 2023.
The Earnings Surprise Model is one of 4 analytical stock scoring models utilized by BAS to help support advisors with active equity. It identifies companies most likely to report positive and negative quarterly surprises.
Results for BAS Supported Advisors:
BAS-supported advisors were advised to purchase NVDA in their portfolios in late March, April, and May 2023. On 5/25/2023, NVDA reported the Beat anticipated by the BAS Earnings Surprise Model. NVDA closed 25% higher after releasing their earnings report.
Your Next Step:
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Disclaimer: The illustration discussed herein does not include investment advisory fees or trade execution expenses and is not intended to constitute specific investment advice or that you will achieve the same results. The information contained herein has been obtained from sources believed to be reliable but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. Past performance is not a guarantee of future results. Information contained herein contains forward-looking statements and is subject to significant risks and uncertainties, which will affect the results.
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