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The artificial intelligence boom has propelled cybersecurity leaders CrowdStrike (CRWD), Palo Alto Networks (PANW), Zscaler (ZS) and Gen Digital (GEN) onto this list of 24 top-rated stocks to watch. AI trends have also boosted Dropbox (DBX) and MongoDB (MDB) onto potential Launchpads.

<span class="shortcode-video" data-nosnippet="true" vid-id="8802842" vid-dom-id="8802842-6579ddecc40d0" vid-top="false" vid-repeat="1" vid-width="50" vid-url="https://content.jwplatform.com/manifests/4X7D594z.m3u8" jw-video-key="4X7D594z" data-captions="[{"name":"English","url":"https://cdn.jwplayer.com/tracks/Rp2hyJYE.vtt"}]" data-permalink="https://www.investors.com/ibd-videos/videos/semiconductor-stocks-how-the-ai-chip-boom-is-priming-the-sector-for-growth" data-description="Semiconductor stocks like Nvidia and Qualcomm power much of the world’s technology. And with 750 chipmakers building the brains and the insides of our digital devices, competition in the sector has never been hotter. These companies and AI stocks are also a huge force on Wall Street and generate big price moves in the market. So what do investors need to know about this critical industry?” vid-name=”Semiconductor Stocks: How The AI Chip Boom Is Priming The Sector For Growth” vid-cat=”Industry Insights” vid-date=”11/29/2023″ vid-date-tmsp=”1701255670″ vid-image=”https://www.investors.com/wp-content/uploads/2023/11/4X7D594z-640×360.jpg” vid-authors=”MEREDITH HEYMAN”>
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Through MongoDB Atlas and Dropbox Dash, MDB and DBX remain poised to pop. MongoDB was featured as the IBD Stock Of The Day on Nov. 17.

PANW stock, CRWD and ZS have already blasted beyond their buy zones.

All the names on this stock screen hail from today’s Top 20 industry groups — a factor worth noting since winning stocks tend to come from the top-ranked groups from the 197 industries IBD tracks.

Each company is also outpacing at least 95% of all stocks in terms of key stock-picking factors.

Education Stocks, Fashion Plays Also In Demand

Trendsetters like Lululemon Athletica (LULU), Ross Stores (ROST) and Skechers (SKX) have also fashioned a spot on this screen. LULU stock and SKX are now extended beyond their latest buy zones.

Education stocks New Oriental Education (EDU) and Stride (LRN) have both learned how to impress Wall Street with strong breakouts and are now extended.

CRWD, PANW Stock Lead Top Stocks In Industries

Data as of Dec. 13, 2023

CRWD, PANW Stock Among Top-Rated AI Plays

To make this screen of top stocks to watch in the top-ranked industries, each company must meet the following criteria:

Ratings, of course, are just one part of the equation when evaluating a stock. Be sure to always check the stock chart to gauge when to buy, sell or hold.

Scan the list below and click the symbols to check the stock chart for any bases and buy zones.

Build Your Watchlist With Stock Ratings And Stock Lists

Running stock screens with the IBD Stock Screener or MarketSmith is an effective way to streamline your research to find top-rated stocks to watch like Microsoft.

You can also zero in on the best stocks to watch using IBD stocks lists based on a wide range of preset filters. You’ll find top-rated stocks meeting the criteria of the IBD 50, IBD Sector Leaders, IBD Big Cap 20, IPO Leaders and more.

Meta stock and Tesla stock, for example, earn a spot on the IBD Big Cap 20.

Once you’ve put together potential stock picks for your watchlist, you’ll want to evaluate your ideas with IBD Stock Checkup. With pass, neutral or fail ratings for each of your stocks, IBD Stock Checkup provides a detailed look at both the fundamental and technical health of the companies on your watchlist.

Additionally, based on the CAN SLIM system, the Composite Rating provides an overall score that takes into account each of the IBD ratings. The single score considers how a company and its stock are performing in terms of annual and quarterly earnings growth as well as its relative strength vs. the rest of the market. The score also accounts for sales, profit margins and institutional demand.

But note that you should not buy a stock solely on its ratings or placement on one of IBD’s stock lists. No matter how compelling a company’s story may seem, savvy investors will always check the technical action in the stock chart before buying.

Check The Chart To Know When To Buy MSFT Stock And Others

Using stock lists helps you zero in on the best stocks to watch. Stock ratings look under the hood to diagnose a company and its stock’s fundamental and technical health. Both stock lists and stock ratings help you understand what to buy. But to fully understand when to buy stocks, take a look at the stock chart.

It’s also critical to understand what type of environment you’re currently in. Is it a bull market when most stocks go up? Or a bear market when most stocks go down? Or is it a volatile, choppy and uncertain time when the market indexes tend to fail to make any sustained headway? That was the case for much of 2022.

Use stock charts to evaluate both the market indexes and individual stocks. Charts will help you pinpoint the best time to buy stocks by identifying support and resistance, as well as buy points and buy zones. Using charts also helps you identify warning signs and when to sell stocks.

So when searching for potential stock picks and stocks to watch, always check the charts. They provide the most unbiased diagnosis of a stock’s health.

Follow Matthew Galgani on Twitter at @IBD_MGalgani.

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