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(Source: TC2000.com)
Adobe (ADBE) and Nvidia (NVDA) have little in common as they hail from different industry groups, but they do share two key traits: they both have a track record of steady earnings growth with compound annual earnings growth rates above 35% since 2014, and they both continue to find strong support at their 40-week moving averages on any pullbacks. In ADBE’s case, the stock has a 40% compound annual EPS growth rate since FY2014 and just came off a strong quarter with 22% sales growth. In NVDA’s case, the stock has an incredible ~38% compound annual EPS growth rate for a mega-cap company and just had its second strongest quarter in the past two years from a sales growth standpoint, posting 68% revenue growth while lapping 50% growth in the year-ago period. Let’s take a closer look at both companies below:
