Top Stock Picks for Week of August 26, 2019

NVIDIA Corporation NVDA, is the worldwide leader in graphics processors and media communications devices. NVIDIA delivered solid second-quarter fiscal 2020 wherein both earnings and revenues topped estimates and improved sequentially as well. The company is gaining a decent market share among the gaming service providers. The strong line-up of advanced graphics cards has made it a favorite graphics card provider among the PC makers. A strong uptick in PC gamers, eSports players and higher spending on the gaming GPUs are key catalysts. NVIDIA’s GPUs are rapidly benefiting from the proliferation of AI.

Okta, Inc. OKTA, is a cloud identity management company. Wall Street expects a year-over-year increase in earnings on higher revenues when Okta reports results for the quarter ended July 2019. The earnings report, which is expected to be released on August 28, 2019, might help the stock move higher if key numbers are better than expectations. Revenues are expected to be up from the year-ago quarter.

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