Coronavirus Market Rally: Nvidia, Domino’s Leads 5 Stocks Near Buy Points

After a constructive week for the coronavirus market rally, several leading stocks showed resilience. Domino’s Pizza (DPZ), Nvidia (NVDA), Akamai Technologies (AKAM), Centene (CNC) and Monolithic Power Systems (MPWR) are all near buy points.


Domino’s stock, Akamai stock and Centene stock are all in buy range now. Nvidia stock and Monolithic Power stock are slightly extended from initial buy points, but are sizing up alternative entries.

Analysts see most of those companies enduring or thriving in the coronavirus crisis, as people reluctant to go outside eat up more food delivery and digital bandwidth. Akamai, Centene and Nvidia stock have also held steady as they hover in or close to buy zones.

Nvidia stock and Domino’s stock are on IBD Leaderboard. Domino’s stock is an IBD Long-Term Leader. Nvidia stock is on the IBD 50.

Keep in mind that Monolithic Power, Centene and Akamai earnings are due this week.

Domino’s Pizza Stock: A Delivery Leader In Coronavirus Shutdown?

Domino’s stock is within range of a 353.52 buy point of a cup-with-handle base. Shares dipped 0.4% in the stock market on Friday. The stock has a 92 Composite Rating and a 98 EPS Rating.

Domino’s stock hit a record high of 387.85 on Wednesday ahead of first-quarter earnings Thursday, then pulled back into the buy zone. While investors could buy on that pullback, they could wait until Domino’s stock shows renewed strength. Any solid up day would push DPZ stock out of the 5% chase zone, however. So a move above the old high could offer an alternate entry.

The relative strength line of Domino’s Pizza stock has trended higher, indicating it has outperformed the S&P 500 and broader market rally.

Analysts have kept favorable ratings on DPZ stock, betting that more people will order delivery as states force restaurants to close in an effort to combat the spread of the coronavirus pandemic.

Domino’s on Thursday said that, in the first four weeks of the second quarter, same-store sales in the…

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