Buying the Best Top-Ranked Stocks in April

Market Overview - The Nasdaq surged 2.3% on Monday following President Trump's comments on "flexibility" regarding tariff plans, closing at its long-term 50-week moving average and above its 21-day moving average [1] - Trading was subdued on Tuesday as Wall Street awaited further developments on tariffs, with the uncertainty contributing to a stock market correction after a significant post-election rally [2] Investment Strategy - There may be near-term selling pressure; however, investors are encouraged to buy strong stocks that are trading below their highs, as buying into uncertainty can be a successful long-term strategy [3] - The earnings growth outlook remains strong, with expectations of interest rate cuts by the Federal Reserve in the latter half of 2025 [3] Stock Screening - Investors can utilize a Zacks screen to identify Zacks Rank 1 (Strong Buy) stocks, which historically outperform the market [4][6] - The screening parameters include a Zacks Rank of 1, positive current quarter estimate revisions over the last four weeks, and top broker rating changes [7][8] Company Spotlight: Credo Technology Group Holding Ltd (CRDO) - Credo is a rapidly growing tech firm focused on high-speed connectivity solutions, projected to grow its revenue by 121% in FY25 to $671 million, up from$106 million in FY22 [9] - The company is expected to expand its adjusted EPS by 600% from $0.09 to$0.63 in FY25, with a further 71% increase anticipated next year [10] - Credo's stock has increased by 250% over the past three years, significantly outperforming the tech sector, although it has seen a 42% decline from its January peaks [11] - The stock has found support at its 200-day moving average, with nine out of ten brokerage recommendations being "Strong Buys" and trading approximately 60% below its average Zacks price target [12]