4 Stocks to Boost Your Portfolio as Nasdaq Continues to Rally

Market Overview - Wall Street has experienced a significant rally, with the Dow, S&P 500, and Nasdaq reaching record highs, driven primarily by technology stocks [2][10] - The Nasdaq Composite has gained 5.8% over the past month and 10.3% year-to-date, marking a 28.6% increase in 2024, its best performance since 2020 [4] Technology Sector - The ongoing rally in the Nasdaq is fueled by strong earnings from major tech companies and enthusiasm for artificial intelligence (AI), particularly generative AI [4][10] - NVIDIA Corporation has emerged as a key player in generative AI, with its stock rising by 29.4% this year, prompting other tech companies to invest more in this area [6][7] Investment Opportunities - Recommended Nasdaq stocks include Amazon.com, Inc. (AMZN), Meta Platforms, Inc. (META), Visa Inc. (V), and Microsoft Corporation (MSFT), all of which have strong potential for near-term growth [3][10] - AMZN has an expected earnings growth rate of 13.4% for the current year, with a Zacks Rank of 1 [12] - META has an expected earnings growth rate of 7.7% for the current year, with a Zacks Rank of 2 [14] - Visa Inc. has an expected earnings growth rate of 13.1% for the current year, with a Zacks Rank of 2 [16] - Microsoft Corporation has an expected earnings growth rate of 13.1% for the current year, with a Zacks Rank of 2 [18] Economic Factors - The tech sector's rebound is supported by trade deals with China and Vietnam, which have alleviated concerns over tariffs and boosted investor optimism [5][10] - Market participants are hopeful for at least two 25-basis-point rate cuts from the Federal Reserve this year, which would benefit growth-focused assets, particularly technology stocks [8]