Stocks

Navigating the S&P 500 Turbulence: A Top Stock to Acquire and One to Offload

Published January 22, 2024

Market swings can often breed anxiety among investors, but savvy market participants know that volatility also brings opportunities. A Wall Street strategist has forewarned of a potential short-term downturn in the S&P 500, a pronouncement that could unsettle some. However, for proactive investors, this predicted sell-off offers a chance to reshuffle portfolios by securing valuable assets at lower prices and divesting from potentially underperforming ones.

The Opportunity within the Volatility: Nvidia NVDA

Nvidia Corporation NVDA stands out as a stellar investment amid market fluctuations. As an influential player in the tech sector, headquartered in Santa Clara, California, Nvidia is well-regarded for its advanced graphics processing units (GPUs) that are indispensable in the gaming and professional arenas, as well as its system on a chip (SoC) units for the ever-evolving mobile and automotive markets. This technological prowess establishes NVDA as an attractive stock to buy, especially if share prices dip in the wake of broader market sell-offs.

The Stock to Consider Selling: Oracle ORCL

In contrast, Oracle Corporation ORCL, despite its status as a key multinational computer technology firm now based in Austin, Texas, might not fare as well in volatile market conditions. Known for its database software, cloud solutions, and enterprise software products — and formerly seated in Redwood Shores, California until its move in 2020 — Oracle may face challenges that make it a stock to reevaluate for potential sale. Investors could consider locking in gains or limiting exposure here before market dynamics potentially dampen ORCL's stock performance.

Investment, Strategy, Volatility