Friday’s closing bell saw Dow Jones comfortably sitting at 259 points higher while Nasdaq and S&P 500 surged 17 and 22 points, respectively. A handful of U.S. stocks printed decent gains and the market is expected to rise in the next three months. Investors have placed their bets on the Trump economy leading to optimism in the financial sector. Both institutional funds and retail traders believe that the economy could boom under the 47th President.
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In this article, we will highlight the top 2 U.S. stocks to buy on Monday to make the most out of the rally. Make sure to keep a close watch on these two equities as they are positioned to benefit from Trump’s presidency.
Top 2 U.S. Stocks To Watch Out For on Monday
1. JP Morgan Chase (NYSE: JPM)
JP Morgan stock is the top pick for Monday as the leading investment bank is attaining increased business activities. JPM is trading at $236 and presents itself as a buying opportunity as it has historically favored large businesses. The investment bank comes with friendly regulations and a rise in financial activity makes it a prime investment. Among all the U.S. banking stocks, JP Morgan could benefit from Trump’s presidency as the economy and businesses thrive.
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2. Nvidia (NASDAQ: NVDA)
The leading GPU manufacturer, Nvidia, is currently trading at the $147 level. Analysts from MarketSurge pointed out that the stock is in the consolidation phase and an entry position now could prove beneficial. NVDA has generated steady growth for two years and has still not lost steam in the markets.
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It is among the most sought-after U.S. stocks with a high growth potential. The earnings of Nvidia have grown 360% on average in the last three quarters. The impressive performance could continue in the Trump presidency as it looks to be the top chipmaker among its competitors.
