25 Stocks to Target This Month, Historically

The buzz from Nvidia Corp (NASDAQ:NVDA) earnings had just worn off, only for the tech titan to shake up the industry this morning with its PC chip announcement. To end May, the world’s most valuable company finished 8% off its May 14 record highs of $236.54, testing its 30-day moving average. If past is precedent, this could be another stellar month for Nvidia.

Per Schaeffer’s Senior Quantitative Analyst Rocky White, Nvidia is among the best stocks to own on the S&P 500 in the last 10 years. Per the table below, NVDA averages a monthly gain of 6.9%, with an 80% win rate in the last decade. That's good for third-best on the list. 

A move higher of similar magnitude in June would put the stock back at record-high territory and padding its 55% year-over-year gain. The stock is up 5.5% already today.