All posts by PARKERYL

Nvidia (NVDA) shares held up better than other Magnificent 7 stocks on Thursday after surging 6% the previous session, as investors have sought dip-buying opportunities in the chipmaker. 

The AI favorite has been under pressure since late January after AI competition from China sparked fears of overspending by technology giants on the infrastructure that Nvidia sells. More recently, worries that tariffs, a flare-up of inflation, and further export curbs could drag down chip sales have also weighed on sentiment.

Yesterday’s bounce coincided with a report that the chipmaker, along with Advanced Micro Devices (AMD), and Broadcom (AVGO), has been approached by Taiwan Semiconductor Manufacturing Company (TSM) about forming a joint venture to own and run Intel’s (INTC) foundry division.

On Thursday, Nvidia shares closed 0.1% lower at $115.58, while its Mag 7 counterparts all fell sharply amid a broader sell-off that sent the S&P 500 into correction for the first time since 2023. Nvidia shares are down 14% since the start of the year, with the lion’s shares of that loss occurring over the last month. 

Below, we take a closer look at Nvidia’s chart and apply technical analysis to point out key price levels that investors may be watching.

Descending Channel Takes Shape

Since setting a record high in early January, Nvidia shares have traded within a descending channel, with volume picking up in the second half of February.

More recently, the stock found buying interest near the channel’s lower trendline, coinciding with an uptick in the relative strength index (RSI) as the indicator moves back towards neutral territory.

Looking ahead, as the 50-day moving average (MA) converges towards the 200-Day MA, investors should watch for a potential death cross, a signal that forecasts further downside.

Let’s identify several key support and resistance levels on Nvidia’s chart that could come into play during future price swings.

Key Support Levels to Watch

The first key support level to watch sits at $105. This area, currently in the vicinity of the descending channel’s lower trendline, could attract buying interest near this month’s low and the September trough.

A close below this location could see the shares revisit lower support around $96. Investors may look to accumulate shares in this region near last year’s March twin peaks, which closely align with the early August swing low.

Important Resistance Levels to Monitor

Upon a move higher, it’s worth monitoring how the shares respond to the $130 level. This area may provide overhead selling pressure near the descending channel’s upper trendline, the moving averages, and several peaks and troughs on the chart stretching back to June last year.

Finally, further upside could see Nvidia shares climb to around $153. Investors who have bought at lower prices may seek exit points in this region near several peaks situated just below the stock’s all-time high.

The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info.

As of the date this article was written, the author does not own any of the above securities.

First of all, I want to thank all of the folks who joined my Next 50X NVIDIA Call special summit earlier today.

We covered a lot of ground, including…

• NVIDIA Corporation’s (NVDA) upcoming Quantum Day (Q Day) event.
• The revolutionary shift quantum computing will bring to AI.
• The single stock I believe could deliver a 50X return – like NVIDIA did once the AI Revolution took off.

You can check out the replay of the Next 50X NVIDIA Call right here.

And as it turns out, our timing was perfect with this event.

Because while NVIDIA’s Q Day is still a week away, quantum computing stocks surged on Wednesday on some fresh news that I need to share with you today…

Written by Steven Dooley, Head of Market Insights, and Shier Lee Lim, Lead FX and Macro Strategist

US markets fall further into correction

The US dollar was higher for a second day overnight as markets continued to worry about the potential for a US slowdown and the impact of tariffs.

US President Donald Trump again warned on further new tariffs overnight saying he would consider a 200% mark-up on European champagne, wine and spirits in retaliation for an EU tariff on US whiskey.

The S&P 500 fell 1.3% and now joins the tech-focused Nasdaq in correction territory – considered a drop of 10% from recent highs. The Nasdaq, down 2.0% overnight, is now down 14% from recent highs.

In FX markets, the USD index extended its rebound from four-month lows. 

The EUR/USD fell 0.3%, GBP/USD lost 0.1%, USD/JPY dropped 0.2%.

The AUD/USD and NZD/USD both fell 0.5% while USD/SGD climbed 0.2% and USD/CNH gained 0.1%.

US sentiment deteriorates to 16-month low

The University of Michigan Consumer Sentiment is released at 1.00am tonight (AEDT). 

In March, the University of Michigan Consumer Sentiment preliminary print probably decreased to 62.5, the lowest level since November 2023.

In terms of USD, the Fed’s caution on rate cuts (“not in a hurry to ease”) highlights limited downside risks for the USD in the medium term.

Looking at Asia, USD/SGD remains at the low end of a 30-day trading range.

There is growing expectations for potential MAS policy easing in April.

Our baseline is for a slight reduction in the S$NEER appreciation slope to 0.5% in April.

The next key resistance levels are at the 50-day 1.3439 and 200-day EMA 1.3400, where SGD buyers may look to take advantage. 

UK GDP weakness might weigh on British pound 

Today, UK monthly GDP will be revealed at 6.00pm AEDT. 

We anticipate decreased output in January following an unexpectedly positive GDP in December (up 0.4% month over month).

AUD/GBP is now near March 2020 lows, trading in a 30-day tight range between 0.49-0.51.

Similarly for NZD/GBP at 0.44-0.46.

However, GBP/SGD is at the top at its 30-day trading range – an opportunity for GBP sellers.

USD higher for second day

Table: seven-day rolling currency trends and trading ranges  

Key global risk events

Calendar: 10 – 15 March  

All times AEDT

Have a question? [email protected]

*The FX rates published are provided by Convera’s Market Insights team for research purposes only. The rates have a unique source and may not align to any live exchange rates quoted on other sites. They are not an indication of actual buy/sell rates, or a financial offer.

​Rexas Finance (RXS) is making significant strides in the crypto market with its innovative approach to tokenizing real-world assets. The Shiba Inu competitor is poised for a strong rally, with predictions pointing to it becoming the next billion-dollar crypto. Currently in its 12th and final presale stage, Rexas Finance tokens are priced at $0.20 each, with over 90% of this stage already sold out. The presale has successfully raised more than $46.7 million, reflecting strong investor confidence in the project. Meanwhile, Shiba Inu (SHIB) is trading at $0.00001553, with analysts predicting a potential surge of up to 677% in the near future. As Rexas Finance aims for a 10-figure market cap, the competition between these two cryptocurrencies intensifies, capturing the attention of investors worldwide.

Shiba Inu (SHIB) Eyes Massive Gains Amid Market Momentum

Shiba Inu (SHIB), one of the most popular memes coins, is trading at $0.00001553, as it hunts for a potential 677% surge in the near future. As the crypto market heats up, Shiba Inu continues to attract investor interest, driven by ecosystem developments and growing adoption. Many believe SHIB could be primed for a breakout with Shibarium, the layer-2 scaling solution, gaining traction and the token burn rate accelerating. Despite market volatility, Shiba Inu’s loyal community and strategic initiatives keep it in the spotlight. The token’s strong social presence and whale accumulation signal bullish sentiment, fueling speculation of a price explosion. As the competition among meme coins intensifies, all eyes are on whether SHIB can reclaim its previous highs or even set new records.

The Expanding Rexas Finance Ecosystem

Rexas Finance is bridging the gap between real-world assets and blockchain through a comprehensive suite of tools. The Rexas Token Builder enables seamless asset tokenization without coding, while the Rexas Launchpad ensures secure and transparent token sales across multiple blockchains. Rexas GenAI is transforming the NFT market with AI-powered digital art generation, offering creators new opportunities. Decentralized finance (DeFi) solutions provide effortless cross-chain trading, and Rexas Estate introduces fractional property ownership, allowing investors to generate stablecoin income effortlessly.

Presale Triumph, Exchange Listings, and a $1 Million Giveaway

Rexas Finance has captured massive investor interest, with over 453 million tokens sold and its price soaring from $0.03 to $0.20, a nearly 7x increase. The presale has raised $46.7 million, signaling strong market confidence. Industry analysts predict that Rexas Finance could become a major player following its launch, with confirmed plans to list on three leading cryptocurrency exchanges. Unlike many projects that rely on venture capital, Rexas Finance has prioritized inclusivity by offering a public presale, allowing a diverse range of investors to participate in the asset tokenization revolution. To celebrate its rapid growth, the team has launched a $1 million giveaway, where 20 lucky winners will each receive $50,000. This initiative has fueled excitement and significantly boosted community engagement, positioning Rexas Finance as a top performer in the crypto market. As Rexas Finance nears its official launch, its innovative approach to asset tokenization is positioning it as a standout player in the rapidly evolving crypto market. With a highly successful presale, the platform is garnering significant attention, not just for its groundbreaking tools but also for its ability to democratize access to high-value assets like real estate and precious metals. Meanwhile, Shiba Inu (SHIB) continues to capture the attention of meme-coin enthusiasts, with its potential for massive gains fueling widespread optimism. The competition between Rexas Finance and Shiba Inu exemplifies the growing momentum within the crypto market, as both projects are primed for major growth. As Rexas Finance prepares to list on top exchanges and expand its ecosystem, it’s clear that the battle for market dominance is only just beginning, and investors will be watching closely to see which of these two rising stars will deliver the next big breakthrough.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

Disclaimer: The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets. Past returns do not always guarantee future profits.

The political and economic uncertainty that has sent U.S. stocks reeling in recent weeks is making it difficult for investors to predict when stocks will find their footing.

Retail investor activity suggests we’re in the third of five psychological phases of a typical market downturn, according to analysts at Vanda Research.

“Retail behavior around equity market drawdowns looks a lot like an abbreviated version of Kübler-Ross’s Five Stages of Grief model,” analysts Marco Iachini and Lucas Mantle said in a report released Thursday.

The sell-off in U.S. stocks intensified on Thursday, sending the benchmark S&P 500 index into its first correction since October 2023. The recent rout has been fueled primarily by uncertainty around President Donald Trump’s on-again, off-again threats to impose tariffs, which economists say could spur inflation and weigh on economic growth.

The 5 Stages of Stock Market Grief

The Vanda analysts break down the stages and their characteristics in the following way:

1. Denial: Retail investors “buy the dip” as analysts argue fundamentals remain strong. 
2. Anger: Some retail investors begin to capitulate, and often blame external forces (e.g., bad Fed policy, geopolitics, algorithmic trading).
3. Bargaining: Retail investors begin to accept the downturn, and wait to sell amid relief rallies. Funds rotate into defensive stocks. 
4. Depression: Market sentiment hits rock bottom as investors capitulate and draw comparisons to past crises. 
5. Acceptance: Volatility subsides as investors begin to reallocate to quality stocks at a discount. 

So Where Are We Now?

Retail trading suggests we’re currently in the bargaining phase, say Iachini and Mantle. Retail investors bought a near-record $1.85 billion of U.S. stocks on “DeepSeek Monday,” according to Vanda Research data. They bought another $1.55 billion a week later when Trump first imposed tariffs on Canadian and Mexican goods. These, Iachini and Mantle argue, were denial-driven “buy the dip” moments. 

Markets may have entered the “anger” phase in February when retail investors scaled back their buying as volatility increased amid tariff uncertainty. 

Vanda data suggests retail investors started selling during relief rallies in late February, a sign the “bargaining” mentality was prevailing. Concerns about slowing economic growth have encouraged a rotation into the Magnificent Seven and out of small caps, another sign investors are bargaining, not capitulating. 

The next phase, theoretically, is “depression,” and Iachini and Mantle say some indicators suggest we’re already there; investor sentiment has turned overwhelmingly bearish, according to a weekly American Association of Individual Investors survey. But contrary to typical “depression” behavior, retail investors haven’t trimmed their equity exposure all that much, according to Vanda data.

Institutional investors, meanwhile, are trading like bears. Iachini and Mantle note the last time that happened—in August 2024—improving economic data and encouraging signaling from the Federal Reserve revived bullish sentiment before retail investors followed suit. 

“The jury is still out on whether today’s sell-off will follow a similar pattern,” they wrote. “A lack of a credible macro (growth) put will shift our focus squarely on retail flows for signs of a market bottom.”

PPI inflation comes in softer… Trump threatens tariffs on EU alcohol… why Luke Lango just pulled the trigger on new “buys”… ignore the macro, focus on micro

This week’s second inflation gauge came in below forecasts this morning.

Following yesterday’s softer-than-expected Consumer Price Index (CPI) report, today’s Producer Price Index (PPI) report showed that wholesale prices were flat in February.

The PPI data showed no gain following January’s 0.6% jump. Dow Jones economists had forecasted a 0.3% increase.

Core PPI dropped 0.1%, also against a forecast for a 0.3% gain. This was the first negative reading since July.

This is welcome news. Unfortunately, any tailwind it might have provided stocks was offset by the latest in President Trump’s trade war.

This morning, Trump threatened a 200% tariff on alcohol from France. From the president on Truth Social:

The European Union, one of the most hostile and abusive taxing and tariffing authorities in the World, which was formed for the sole purpose of taking advantage of the United States, has just put a nasty 50% Tariff on Whisky.

If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES. This will be great for the Wine and Champagne businesses in the U.S.

Keep in mind that Trump still plans to announce another round of “reciprocal” tariffs in April that are likely to include the EU.

As I write, Wall Street is trading lower on the news. Recently, Trump downplayed the selling pressure in the stock market. And this morning, Treasury Secretary Scott Bessent echoed that sentiment:

We’re focused on the real economy… I’m not concerned about a little bit of volatility over three weeks.

As so, as we wrote in yesterday’s Digest – yet would prefer to stop writing – the trade war continues…

But as the market sells off again, our hypergrowth expert Luke Lango just recommended new “buys”

Let’s track his logic to help us as we navigate the volatility in our own portfolios.

To establish context, let’s begin with Luke’s game plan from earlier this week. From his Innovation Investor Daily Notes on Tuesday:

Hold and wait. Buy the dip and pile into growth stocks on signs of a technical bottom and rebound.

Reach for protection and play defense on signs of a technical breakdown.

When Luke wrote this, the market had just lost two key support levels he was monitoring. For the S&P 500, it was the 250-day moving average (MA). For the Nasdaq-100, it was 19,440.

This “19,440” level was important because it corresponds with “4% below the Nasdaq-100’s 200-day MA.” Here was Luke with the significance:

[The Nasdaq-100] has crossed below its 200-day moving average precisely 11 times before since 1990.

All 11 times, the market was either on the cusp of a big rebound or big breakdown – and which way it went depended on how the market acted in the subsequent two weeks.

Luke went on to explain that if the Nasdaq-100 could remain within 4% of its 200-day MA (19,440), stocks always rebounded over the next 12 months, with average gains of over 25%.

But if the Nasdaq-100 fell more than 4% below its 200-day moving average over the subsequent two weeks, stocks always slumped into a bear market.

So, Luke’s market game plan was simple: Monitor whether the S&P and the Nasdaq-100 could recapture these critical levels.

This brings us to yesterday when both the S&P and Nasdaq-100 popped

Back to Luke and his updated analysis from yesterday afternoon:

The Nasdaq 100 has reclaimed the critical 19,440 level (or about 4% below its 200-day moving average, which is historically a “make-or-break” level for the index).

The S&P 500 has snapped back above its 250-day moving average — another historically significant “make-or-break” level.

And here’s the kicker: the S&P’s Relative Strength Index (RSI) just bounced out of oversold territory after only two days — a setup that, historically, has preceded massive 12-month rallies.

Given the strength, Luke pulled the trigger on four new “buy” recommendations in his Innovation Investor service yesterday afternoon (this follows five recommendations on Monday).

Luke was direct about the risk that the market isn’t done falling. But here was his thinking:

History shows that moments of significant market volatility often become excellent buying opportunities or the start of major market crashes.

Currently, technical data suggests the former is more likely. So, we are accelerating our efforts. We may be wrong, but we believe it is a risk worth taking.

As I write Thursday, the S&P and the Nasdaq-100 are barely below Luke’s respective lines-in-the-sand.

We’ll keep you updated.

Some investors are getting out of today’s market for one reason – Trump and the unpredictability of his tariff wars

But as the markets react to every Trump-centered headline, it’s important to maintain perspective on what he’s attempting to do.

With this in mind, let’s turn to legendary investor Louis Navellier. From his Flash Alert podcast yesterday in Breakthrough Stocks:

If we do tit-for-tat tariffs, in the end, trade will become freer because the U.S. has more leverage than other countries. So, the ultimate goal is to have free trade, but everybody has to compete fairly…

Obviously, there’s a lot of people in the media who aren’t fans of President Trump, and they’re taking shots at him. Of course, he can be a bit erratic, but the ultimate goal is to have free trade, and this is really up to Howard Lutnick.

Now, I know Howard Lutnick personally – my son went to school with his son. He was actually in part of my business a long time ago, and I think he’s a wonderful guy. I’m very comfortable with Howard.

He’s also going to be a cheerleader for America, that’s what the Commerce Secretary normally is – they just run around telling everybody how great things are and move your business here to America. And the ultimate goal is to have trillions of onshoring…

President Trump will be President Trump. He can be entertaining at times, and be frustrating. But I do think as frustrated as the financial media has been, they do not foresee the future of what’s really happening.

If your anxieties remain, consider adopting Louis’ approach to the markets…

Ignore the headlines and focus on stocks with fundamental strength.

This is how Louis has amassed one of the best, and most envied, long-term track records in our industry.

Louis has always put fundamental strength at the heart of his market approach. To illustrate, here are the eight criteria that must be present for him to consider recommending a stock:

• Increasing sales growth
• Expanding operating margins
• Earnings growth
• Positive earnings momentum
• Positive earnings surprises
• Positive earnings revisions
• Strong free cash flow
• Healthy return on equity.

The fundamental strength of a specific stock is vastly more important to your personal wealth than where “the market” might be going based on a president or some macro influence.

As just one example, consider Archrock Inc. (AROC). Louis holds this oilfield services company in his Breakthrough Stocks portfolio.

In the first half of 2022, when investors panicked about runaway inflation and the Federal Reserve’s rate hikes, the S&P fell 14% through June 1. Over the same period, AROC spiked 42%.

Bottom line: A focus on fundamentals is what makes or breaks portfolios.

If you remain skeptical, I’ll add that this is Warren Buffett’s approach as well.

From Buffett, speaking at 1994’s annual Berkshire Hathaway Inc. (BRK.A, B) meeting:

You may have trouble believing this, but Charlie (Munger) and I have never had an opinion about the market because it wouldn’t be any good and it might interfere with the opinions we have that are good.

If we think a business is attractive, it would be very foolish for us to not take action on that because we thought something about what the market was going to do…

Guesses about what’s going to happen in some macro way just doesn’t make any sense to us.

Bottom line: Ignore the macro. Focus on the micro.

On that note, if you missed Louis’ event earlier today – The Next 50X NVIDIA Call – it was all about the “micro” of one specific stock

From Louis:

My system is flagging another stock that I believe could be the next NVIDIA with 50X profit potential. This is a small-cap stock protected by 102 patents with close ties to NVIDIA.

And here’s why the timing couldn’t be better…

See, I think something big is about to happen.

For weeks, NVIDIA CEO Jensen Huang has been downplaying quantum computing, calling it decades away. But now, NVIDIA is hosting an entire Quantum Day (or what I like to call “Q Day”) event on March 20.

Why?

I believe NVIDIA is about to stake its claim in the quantum computing space. And when it does, this little-known top pick could erupt overnight.

Earlier today, I revealed everything you need to know about Q-Day – including details on my No. 1 stock pick that could explode in the wake of NVIDIA’s announcement.

You can check out a free replay by clicking here.

We’ll keep you updated on all these stories here in the Digest.

Have a good evening,

Jeff Remsburg

AurealOne and DexBoss operate as two transformative blockchain platforms in the cryptocurrency market which serve different sectors between gaming and decentralized finance (DeFi). Curious as to where to start from? Potential investors can take advantage of Crypto Pre-sale chances that both projects offer before they make their official market debut. But, what are crypto pre-sales? 

Crypto Pre-sales allow the investors to purchase the tokens at discounted rates and before they become available to the rest. That gives early adopters a perfect chance to invest early, in what could actually be the next big cryptocurrency. 

Currently, the trending projects among those are AurealOne and DexBoss. They already look promising with the initiative of changing the gaming and decentralized finance (DeFi) spaces.   

AurealOne: Revolutionizing Gaming and the Metaverse

AurealOne presents itself as an innovative blockchain solution built specifically for gaming and metaverse industries to deliver high-performance transactions at low operational prices.

Notable Features

• The platform accomplishes fast transaction speeds through its Zero-Knowledge Rollups system because this technology optimizes gaming reaction times.

• The DLUME native token enables users to both claim governance benefits through rewards systems and exercise token-staking capabilities to receive benefits through rewards and guide decision making.

• The presale consists of 21 successive rounds starting from $0.0005 that progressively increases to $0.0045 until it reaches the $50 million fundraise target.

• Launch of First Game: The inaugural game, Clash of Tiles, serves as a practical demonstration of AurealOne’s capabilities.

• User engagement on the platform remains increased because the website offers immediate access to check coin balances which provides security to users.

Tokenomics Overview

Total supply will be distributed to allow wider token distribution together with extended stake incentives.

The distribution method for the presale features initial round allocations of 1 billion tokens throughout the first 20 rounds followed by the final distribution of 500 million tokens to drive early purchases.

DexBoss: Bridging Traditional Finance and DeFi

DexBoss operates as a DeFi platform which establishes links between conventional banking systems and blockchain technology to provide users basic accessibility in decentralized finance interfaces.

Key Features

• Offers Intuitive User Interface: With an aim of simplifying the intricacies of DeFi, the platform is designed, keeping novice traders and experienced alike in mind.

• DexBoss solves liquidity challenges by providing deep liquidity pools and advanced financial products, for example, liquidity farming, margin trading.

• Quick Execution: Crypto market is fast moving, so quick order execution is a must for the platform.

• $DEBO Token Lifecycle: The $DEBO is the native token and it has a total supply of 1 billion tokens, and there will be a presale, divided into 17 rounds, the beginning price being $0.01 and rising to $0.0505.

• Browse Community Engagement: The token will always be re-distributed through a buyback and burn mechanism to better the token and increase community interest in it.

Tokenomics Breakdown

– Allotment Strategy: 50 percent of complete supply is assigned for presale. Along with that, desired portions are allocated to the team which increases liquidity. 

– Buyback Allocation: A portion of transaction fees is meant for the buybacks and are beneficial for long term token holders.

Future Prospects and Community Focus

Both AurealOne and DexBoss are strategically located in a place to capitalize upon big developments in the cryptocurrency market, community steering and in particular the experience model.

• AurealOne’s Expansion Plans: The plan is to expand the platform by incorporating more gaming projects to form a complete ecosystem in the metaverse.

• DexBoss Roadmap: The forecast of addition of the advanced trading features and token launches based on 2025 gives way to the influx of new users and the solidification of DexBoss’s position in the DeFi space.

To Conclude 

AurealOne and DexBoss represent the axis of creativity and innovation in the cryptocurrency market respectively. The two projects are almost identical as the main principles of the platforms include technology development, community engagement, and efficiency. Hence, they are going to be one of the large players in the crypto industry. If you are an investor and you are looking for the best place for implementing a new cryptocurrency, these projects are the most suitable ones for the following two fields: in the gaming industry as well as in DeFi market, and in a long run, they may become indirectly competitive with pre-established crypto projects like XRP Ripple as well.

But, the cryptocurrency landscape is volatile and thus investors must conduct thorough research and stay updated on rising trends.

Disclaimer: The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets. Past returns do not always guarantee future profits.

Updated on March 13th, 2025 by Bob Ciura

Return on invested capital, or ROIC, is a valuable financial ratio that investors can add to their research process.

Understanding ROIC and using it to screen for high ROIC stocks is a good way to focus on the highest-quality businesses.

With this in mind, we ran a stock screen to focus on the highest ROIC stocks in the S&P 500.

You can download a free copy of the top 100 stocks with the highest ROIC (along with important financial metrics like dividend yields and price-to-earnings ratio) by clicking on the link below:

 

Using ROIC allows investors to filter out the highest-quality businesses that are effectively generating a return on capital.

This article will explain ROIC and its usefulness for investors. It will also list the top 10 highest ROIC stocks right now.

Table Of Contents

You can use the links below to instantly jump to an individual section of the article:

What Is ROIC?

Put simply, return on invested capital (ROIC) is a financial ratio that shows a company’s ability to allocate capital. The common formula to calculate ROIC is to divide a company’s after-tax net operating profit, by the sum of its debt and equity capital.

Once the ROIC is calculated, it is evaluated against a company’s weighted average cost of capital, commonly referred to as WACC.

If a company’s WACC is not immediately available, it can be calculated by taking a weighted average of the cost of a company’s debt and equity.

Cost of debt is calculated by averaging the yield to maturity for a company’s outstanding debt. This is fairly easy to find, as a publicly-traded company must report its debt obligations.

Cost of equity is typically calculated by using the capital asset pricing model, otherwise known as CAPM.

Once the WACC is calculated, it can be compared with the ROIC. Investors want to see a company’s ROIC exceed its WACC.

This indicates the underlying business is successfully investing its capital to generate a profitable return. In this way, the company is creating economic value.

Generally, stocks generating the highest ROIC are doing the best job of allocating their investors’ capital. With this in mind, the following section ranks the 10 stocks with the highest ROIC.

The Top 10 Highest ROIC Stocks

The following 10 stocks have the highest ROIC in the Sure Analysis Research Database. Stocks are listed by ROIC, from lowest to highest.

High ROIC Stock #10: Yum Brands Inc. (YUM)

• Return on invested capital: 44.6%

Yum Brands owns the KFC, Pizza Hut, Taco Bell, and The Habit Restaurants chains. It is present in more than 155 countries and has more than 59,000 restaurants, 60% of which are located abroad. KFC generates about half of the total revenue and operating profit of the company.

In early February, Yum Brands reported (2/6/25) results for Q4-2024. It grew its sales 8% over the prior year’s quarter thanks to 14% growth at Taco Bell, 6% growth at KFC and 3% growth at Pizza Hut. Store count grew 5%. Digital sales were over $9 billion and exceeded 50% of total sales.

Earnings-per-share grew 28%, from $1.26 to $1.61, and exceeded the analysts’ consensus by $0.01. Yum Brands keeps opening new stores at a fast pace. Management provided guidance for 8% growth of operating income in 2025. Accordingly, we expect earnings-per-share of $5.92 this year.

The strength of Yum’s brands and their appeal to consumers constitute a significant competitive advantage. Thanks to its established brands, the company enjoys reliable free cash flows.

As a result, the company is not likely to have issues servicing its debt. It is also worth noting that Yum Brands has proved markedly resilient during recessions, mostly thanks to its low-priced fast food offerings.

Click here to download our most recent Sure Analysis report on YUM (preview of page 1 of 3 shown below):

High ROIC Stock #9: TJX Companies (TJX)

• Return on invested capital: 46.9%

TJX Companies is a leading off-price retailer of apparel and home fashions in the U.S. and worldwide. As of November 2, 2024, the company operated 5,057 stores in nine countries.

These include 1,331 T.J. Maxx (26% of total), 1,219 Marshalls (24%) and 941 HomeGoods (19%) in the United States. TJX also operates e-commerce sites. In a normal year, the company generates ~$50 billion in annual revenue and ~$4 billion in net profit.

On 2/26/25, TJX released its fiscal Q4 and full-year 2025 results for the period ending 2/1/25. For the quarter, net sales fell marginally by 0.4% year over year to $16.4 billion due partly from Q4 FY2025 having 13 weeks vs 14 weeks in FY2024.

Consolidated comparable store sales rose 5%, driven by an increase in customer transactions. It witnessed comparable store sales growth across all its divisions with the strongest of 10% at TJX Canada, followed by 7% at TJX International (Europe & Australia), 5% at HomeGoods (U.S.), and 4% at Marmaxx (U.S.).

Diluted earnings-per-share rose 0.8% to $1.23, helped by a 1.2% reduction in its share count. The company repurchased stock at an average price of $123.62 per share.

For fiscal 2025, net sales climbed 4.0% to $56.4 billion with consolidated comparable store sales rising 4%. Net income rose 8.7% to $4.9 billion, and diluted EPS rose 10.4% to $4.26. During this period, TJX used nearly $2.5 billion to buy back shares at an average price of ~$111.88 per share.

Management provided an initial outlook for FY 2026: comparable store sales increase of 2-3% and diluted EPS to be $4.34-4.43.

Click here to download our most recent Sure Analysis report on TJX (preview of page 1 of 3 shown below):

High ROIC Stock #8: Altria Group (MO)

• Return on invested capital: 47.5%

Altria is a tobacco stock that sells cigarettes, chewing tobacco, cigars, e-cigarettes, and more under a variety of brands, including Marlboro, Skoal, and Copenhagen, among others.

With a current dividend yield of nearly 8%, Altria is an ideal retirement investment stock.

This is a period of transition for Altria. The decline in the U.S. smoking rate continues. In response, Altria has invested heavily in new products that appeal to changing consumer preferences, as the smoke-free category continues to grow.

Source: Investor Presentation

The company also has a 35% investment stake in e-cigarette maker JUUL, and a 45% stake in the Canadian cannabis producer Cronos Group (CRON).

Altria Group reported solid financial results for the fourth quarter and full year of 2024. For the fourth quarter, revenue of $5.1 billion beat analyst estimates by $50 million, and increased 1.6% year-over-year. Adjusted EPS of $1.29 beat by a penny.

For the full year, Altria generated adjusted diluted EPS growth of 3.4% and returned over $10.2 billion to shareholders through dividends and share repurchases.

For 2025, Altria expects adjusted diluted EPS in a range of $5.22 to $5.37. This represents an adjusted diluted EPS growth rate of 2% to 5% for 2025.

Click here to download our most recent Sure Analysis report on Altria (preview of page 1 of 3 shown below):

High ROIC Stock #7: Starbucks Corporation (SBUX)

• Return on invested capital: 51.2%

Starbucks began with a single store in Seattle’s Pike Place Market in 1971 and now has more than 39,000 stores worldwide. Nearly half of the stores are in the U.S. and nearly 20% of the stores are in China.

The company operates under the Starbucks brand, but also holds the Teavana, Evolution Fresh, and Ethos Water brands in its portfolio. The company generated $36 billion in annual revenue in fiscal 2024.

In late January, Starbucks reported (1/28/25) financial results for the first quarter of fiscal year 2025 (Starbucks’ fiscal year ends the Sunday closest to September 30th).

Source: Investor Presentation

Comparable store sales declined -4% due to a -4% decline in North America and a -4% decline in international markets. Same-store sales in China fell -6%.

Adjusted earnings-per-share decreased -23%, from $0.90 in the prior year’s quarter to $0.69, but exceeded the analysts’ consensus by $0.02.

Looking further out, Starbucks has a strong growth trajectory available over the long-term thanks to a growing U.S. and International store count, where the company is still in the early innings of expansion, coupled with pricing power.

Click here to download our most recent Sure Analysis report on SBUX (preview of page 1 of 3 shown below):

High ROIC Stock #6: Mastercard Inc. (MA)

• Return on invested capital: 52.9%

MasterCard is a world leader in electronic payments. The company partners with 25,000 financial institutions around the world to provide an electronic payment network. MasterCard has more than 3.1 billion credit and debit cards in use.

On January 30th, 2025, MasterCard announced fourth quarter and full year results for the period ending December 31st, 2024.

For the quarter, revenue improved 15.4% to $7.5 billion, which was $120 million above estimates. Adjusted earnings-per-share of $3.82 compared favorably to $3.18 in the prior year and was $0.13 more than expected.

For the year, revenue grew 12% to $28.2 billion while adjusted earnings-per-share of $14.60 compared to $12.26 in 2023.

On a local currency basis, gross dollar volumes for the quarter grew 12% worldwide to $2.56 trillion during the quarter, with the U.S. improving 9% and the rest of the world higher by 13%.

Cross border volumes remained strong, growing 20% from the prior year and 17% from Q3 2024.

Click here to download our most recent Sure Analysis report on Mastercard (preview of page 1 of 3 shown below):

High ROIC Stock #5: Apple, Inc. (AAPL)

• Return on invested capital: 54.1%

Apple designs, manufactures and sells products such as iPhones, iPads, Mac, Apple Watch and Apple TV. Apple also has a services business that sells music, apps, and subscriptions.

On January 30th, 2025, Apple reported financial results for the first quarter of fiscal year 2025 (Apple’s fiscal year ends the last Saturday in September).

Total sales grew 4% over the prior year’s quarter, to a new record of $124.3 billion, thanks to sustained growth in iPhone, iPad and Wearables across all regions.

Earnings-per-share grew 10%, from $2.18 to $2.40, and exceeded the analysts’ consensus by $0.05. Notably, Apple has missed the analysts’ estimates only once in the last 25 quarters.

Going forward, Apple’s earnings growth will be driven by several factors. One of these is the ongoing cycle of iPhone releases, which creates lumpy results. In the long run, Apple should be able to grow its iPhone sales, albeit in an irregular fashion.

Click here to download our most recent Sure Analysis report on AAPL (preview of page 1 of 3 shown below):

High ROIC Stock #4: Domino’s Pizza Inc. (DPZ)

• Return on invested capital: 59.3%

Domino’s Pizza was founded in 1960. It is the largest pizza company in the world based on global retail sales. The company operates more than 21,000 stores in more than 90 countries.

It generates nearly half of its sales in the U.S. while 99% of its stores worldwide are owned by independent franchisees.

In late February, Domino’s reported (2/24/25) financial results for the fourth quarter of fiscal 2024. Its U.S. same-store sales grew 0.4% and its international same-store sales rose 2.7% over the prior year’s quarter.

Earnings-per-share grew 9%, from $4.48 to $4.89, thanks to higher sales and lower selling costs. Earnings-per-share missed the analysts’ consensus by $0.01, for the first time after 8 consecutive quarters of wide earnings beats.

Domino’s still expects to grow its global retail sales and its operating income by 7% and 8% per year, respectively, until the end of 2028.

The pizza chain has ample room to keep growing for years. Its management sees potential for the addition of more than 10,000 new stores in its top 15 markets.

As the current store count in these countries is approximately 11,000, it is evident that there is still tremendous growth potential even without taking into account the growth potential in the other ~75 markets where the company is present.

Click here to download our most recent Sure Analysis report on DPZ (preview of page 1 of 3 shown below):

High ROIC Stock #3: McKesson Corporation (MCK)

• Return on invested capital: 64.3%

McKesson Corporation traces its lineage to 1833 when its founders began to offer wholesale chemicals and pharmaceuticals in New York City.

In the 190 years since, McKesson has grown into a powerhouse in the pharmaceutical and medical distribution industry and today, generates more than $300 billion in annual revenue.

The company has generated strong growth in the past five years.

Source: Investor Presentation

McKesson posted third quarter earnings on February 5th, 2025, and results were mixed. Adjusted earnings-per-share narrowly beat expectations by four cents, coming to $8.03.

Revenue was up 18% year-over-year to $95.3 billion, a record for McKesson. That was, however, $570 million short of expectations.

Specialty pharmaceutical revenue soared 45% year-over-year to $10.9 billion. This was helped greatly by the continued adoption of GLP-1 medications.

Medical-Surgical revenues fell 3% to $2.9 billion due to lower-than-expected illness season demand. Operating profit was up 4% to $294 million due to cost containment efforts.

Consolidated operating profit was up 16% to $1.5 billion. The company also noted it took an 80% ownership interest in PRISM Vision Holdings for $850 million for its ophthalmology and retina management services.

Click here to download our most recent Sure Analysis report on MCK (preview of page 1 of 3 shown below):

High ROIC Stock #2: Otis Worldwide (OTIS)

• Return on invested capital: 69.0%

Otis Worldwide Corp. debuted as an independent, publicly traded company on April 3rd, 2020, after being spun off from United Technologies (previously UTX, now Raytheon Technologies, RTX).

Today Otis is the leading company for elevator and escalator manufacturing, installation, and service.

On January 29th, 2025, Otis reported financial results for the fourth quarter of fiscal 2024. Sales and organic sales grew 1.5% and 2%, respectively, while adjusted earnings-per-share grew 7%, from $0.87 to $0.93, though they missed the analysts’ consensus by $0.03.

Otis has missed the analysts’ estimates twice after 17 consecutive quarters of having beaten estimates. Backlog grew 10%. This bodes well for the performance of Otis in the upcoming quarters.

Thanks to sustained business momentum, Otis provided positive guidance for 2025. It expects 2%-4% growth of organic sales and adjusted earnings-per-share of $4.00-$4.10.

At the mid-point, this guidance implies 6% growth over the prior year.

Click here to download our most recent Sure Analysis report on OTIS (preview of page 1 of 3 shown below):

High ROIC Stock #1: Cardinal Health (CAH)

• Return on invested capital: 71.6%

Cardinal Health is one of the “Big 3” drug distribution companies along with McKesson (MKC) and AmerisourceBergen (ABC). Cardinal Health serves over 24,000 United States pharmacies and more than 85% of the country’s hospitals.

Over 90% of the company’s revenue comes from the Pharma & Specialty areas.

Source: Investor Presentation

With 36 years of dividend increases, the company is a member of the Dividend Aristocrats Index.

On January 30th, 2025, Cardinal Health announced results for the second quarter of fiscal year 2025 for the period ending December 31st, 2024. For the quarter, revenue decreased 3.7% to $55.3 billion, but this was $330 million above estimates.

On an adjusted basis, earnings of $468 million, or $1.93 per share, compared favorably to earnings of $464 million, or $1.89 per share, in the prior year. Adjusted EPS was $0.17 better than expected.

Collectively the three major pharmaceutical wholesalers have a competitive advantage in the industry. Competition is held at bay by the massive scale already in place and the exceptionally low margins.

Cardinal Health has proven to be a solid operator in many ways – strong earnings for the past decade, a growing dividend and ample interest coverage.

Click here to download our most recent Sure Analysis report on CAH (preview of page 1 of 3 shown below):

Final Thoughts

There are many different ways for investors to value stocks. One popular valuation method is to calculate a company’s return on invested capital.

By doing so, investors can get a better gauge of companies that do the best job of investing their capital.

ROIC is by no means the only metric that investors should use to buy stocks. There are many other worthwhile valuation methods that investors should consider.

That said, the top 10 ROIC stocks on this list have proven the ability to create economic value for shareholders.

Further Reading

If you are interested in finding high-quality dividend growth stocks suitable for long-term investment, the following Sure Dividend databases will be useful:

Tom Yeung here with today’s Smart Money.

Americans have definitely felt “a little disturbance” from the ongoing trade wars this week, just like the President Trump said we would.

On Monday, the Dow Jones Industrial Average sank 1,000 points, while the tech-heavy Nasdaq-100 saw a $1 trillion wipeout – its largest one-day selloff so far this year. 

This week’s selloff follows last week’s, ignited by the tariffs on Canada, Mexico, and China… which followed another selloff in early February when Trump first announced his plan to impose the tariffs.

This leads to the question…

Can we trust Donald Trump to manage the U.S. economy?

Most people’s answers will depend entirely on who they voted for in the 2024 election. To his fans, Trump can do no wrong. He maintains a 93% approval rating among Republican voters (a figure that has only gone up since his inauguration).

To his detractors, Trump is a catastrophe. His approval rating among Democrats sits at just 4%.

But the truth is a bit more nuanced.

So, in today’s Smart Money, we’ll take a look at what’s going on.

Then, I’ll share why we’re still bullish on certain companies… and where you can find them.

Problems… and Solutions

Trump’s game of “tariff chicken” has most definitely depressed shares of companies. But America’s issues go beyond tariff news.

Here are three examples…

1. Tax cuts. Congress appears incapable of delivering the tax cuts Trump promised on the campaign trail. Markets had anticipated a corporate tax reduction to 15% from 21%, boosting after-tax earnings and raising company valuations. Now, even passing a stopgap bill to keep the government running is a challenge.

2. High valuations. The president inherited a stock market at near-frothy valuations. In November, the weighted S&P 500 index had an average forward price-to-earnings ratio of 26.6X – driven by elevated figures from tech companies. Amazon.com Inc. (AMZN) traded at 36X earnings… Netflix Inc. (NFLX) at 40X… and Tesla Inc. (TSLA) at 122X.

It’s one of the key reasons Eric sold shares in Alphabet Inc. (GOOGL) and Amazon in his Fry’s Investment Report service late last year. 

3. Sentiment. Many Americans simply don’t feel good for reasons beyond the president’s control. Egg prices rose because of avian flu (although they’re dropping so far in March)… mortgage rates remain stubbornly high… and pandemic-era savings are spent.

This creates a problem.

Once people start feeling negative about the economy, the cycle can become extremely difficult to stop. It’s one of the reasons why countries fall into recessions, and why this latest selloff has made us cautious about the U.S. stock market.

What Does This Mean for Your Portfolio?

We remain focused on companies resilient to tariffs.

As we talked about in last Thursday’s Smart Money, during Trump’s 2018 tariffs, firms like Salesforce Inc. (CRM), Intuit Inc. (INTU), and Advanced Micro Devices Inc. (AMD) thrived, with gains of 20%, 50%, and 100%, respectively.

The same principle holds today. Trump’s 2025 tariffs may create headlines, but they won’t derail the industries driving long-term wealth creation. 

It’s one of the reasons why Eric recently recommended a supplier of cutting-edge semiconductors to the paid-up members of his Fry’s Investment Report. This chipmaker is emerging as a dominant force in servers, and its robust growth trajectory will likely continue into 2025 and beyond.

All this to say, Eric expects this company to do well, regardless of whether America has a tariff on washing machines or not.

Eric will provide more detailed information about this firm in tomorrow’s March monthly issue of Fry’s Investment Report. 

To make sure you get all the info on this company, including Eric’s “Buy” instructions, click here to learn how to become a member of Fry’s Investment Report. 

At Fry’s Investment Report, Eric will prepare you to survive – and thrive – in any market. In it, he looks for big-picture trends that drive huge, multiyear moves in entire sectors of the market. He is then able to extract and exploit the moneymaking opportunities a regular Wall Streeter would miss, showing his subscribers the right stocks… at the best prices.

As a member, you’ll get access to all of Eric’s latest recommendations, as well as his monthly issues and my weekly updates.

Click here to lean more.

Regards,

Thomas Yeung

Markets Analyst InvestorPlace

Australian bullion demand rebounded in February, according to data published March 11 by The Perth Mint of Australia, following January’s 10-month low for its gold products and 67-month low for its silver products.

The Mint’s sales occurred against a backdrop of divided precious metal prices. In February, LBMA prices (USD) saw gold rise 0.8%, while silver dropped 1.5%.

Perth Mint General Manager of Minted Products, Neil Vance, noted that the strong gold price continued to weigh on demand for minted products. However, he expressed satisfaction with the response to key February releases, including the Australian Kookaburra 2025 1 Kilo Silver Bullion Coin and gold and silver bars from the Lunar Year of the Snake collection.

“It is heartening to see the increase in sales on January levels given precious metals prices remain at record highs,” Vance commented.

Perth Mint Bullion Sales in February 2025

The Perth Mint’s gold sales climbed in February, with gold coins and bars totaling 25,103 ounces – up 35.3% from January’s low, the weakest monthly total since March 2024. However, sales were down 46.7% from February 2024.

Year-to-date gold sales reached 43,651 ounces, 39.2% lower than the 71,737 ounces sold in the same period last year.

Silver sales also improved, with February’s total at 482,451 ounces, a 16.3% increase from January’s low, the weakest since June 2019. Compared to February 2024, sales were down 52.1%.

So far this year, The Perth Mint’s silver sales stand at 897,426 ounces, a decline of 49.5% from the 1,776,178 ounces sold in the first two months of 2024.

Perth Mint Gold and Silver Sales by Month through February 2025

Below is a monthly summary of Perth Mint bullion sales from January 2022 to February 2025. The figures show monthly ounces of gold and silver shipped as minted products by The Perth Mint to wholesale and retail customers worldwide. It excludes sales of cast bars and other Group activities including sales of allocated/unallocated precious metal for storage by the Depository.

 

Bullion Coins Released in January 2025

In February, as reported by The Perth Mint, the following bullion coins were released:

• Lunar Snake 1oz Silver Minted Bar in Pouch
• Lunar Snake 1oz Silver Minted Bar in Tube
• Lunar Snake 1oz Gold Minted Bar
• Chinese Myths and Legends Four Guardians 2025 1oz Gold Bullion Coin
• Australian Kookaburra 2025 1 Kilo Silver Bullion Coin
• Australian Wedge-tailed Eagle 2025 1oz Silver Bullion Coin

In January, as reported by the Mint, the following bullion coins were released:

• Lunar Dragon 1oz Silver Minted Bar in Tube
• Lunar Dragon 1oz Silver Minted Bar in Pouch
• Australian Lunar Series III 2025 Year of the Snake 1oz Silver Bullion Coin with Dragon Privy
• Australian Lunar Series III 2025 Year of the Snake 1oz Gold Bullion Coin with Dragon Privy

In November, as reported by the Mint, the following bullion coins were released:

• Australian Kangaroo 2025 1oz Silver Bullion Coin in Tube
• Australian Kangaroo 2025 1oz Silver Individual Bullion Coin
• Australian Kangaroo 2025 1 Kilo Gold Bullion Coin
• Australian Kangaroo 2025 1oz Gold Bullion Coin
• Australian Kangaroo 2025 1/2oz Gold Bullion Coin
• Australian Kangaroo 2025 1/4oz Gold Bullion Coin
• Australian Kangaroo 2025 1/10oz Gold Bullion Coin
• Australian Kangaroo 2025 1oz Platinum Bullion Coin
• Australian Lunar Series III 2024 Year of the Dragon 10 Kilo Silver Bullion Coin
• Australian Koala 2024 1/10oz Gold Bullion Coin
• Australian Koala 2024 1/10oz Platinum Bullion Coin
• Australian Lunar Series III 2025 Year of the Snake 1 Kilo Silver Bullion Coin
• Australian Lunar Series III 2025 Year of the Snake 5oz Silver Bullion Coin

In October, as reported by Mint, the following bullion coins were released:

• Australian Wombat 2024 1oz Silver Bullion Coin
• Super Pit 2024 1oz Silver Individual Bullion Coin
• Super Pit 2024 1oz Silver Bullion Coins in Tube
• Super Pit 2024 1oz Gold Bullion Coin
• Super Pit 2024 5oz Gold Bullion Coin
• Welcome Nugget 2024 1oz Gold Bullion Coin
• Chinese Myths and Legends Four Guardians 2024 1oz Silver Bullion Coin

In September, as reported by the Mint, the following bullion coins were released:

• Australian Lunar Series III 2025 Year of the Snake 2oz Gold Bullion Coin
• Australian Lunar Series III 2025 Year of the Snake 1oz Gold Bullion Coin
• Australian Lunar Series III 2025 Year of the Snake 1/2oz Gold Bullion Coin
• Australian Lunar Series III 2025 Year of the Snake 1/10oz Gold Bullion Coin
• Australian Lunar Series III 2025 Year of the Snake 1/4oz Gold Bullion Coin
• Australian Lunar Series III 2025 Year of the Snake 2oz Silver Bullion Coin
• Australian Lunar Series III 2025 Year of the Snake 1oz Silver Bullion Coin
• Australian Lunar Series III 2025 Year of the Snake 1/2oz Silver Bullion Coin
• Australian Lunar Series III 2025 Year of the Snake 1oz Platinum Bullion Coin
• Australian Emu 2024 1oz Silver Bullion Coin
• Australian Emu 2024 1oz Gold Bullion Coin