Top AI stock Marvell Technology (MRVL) and pharmaceutical giant Eli Lilly (LLY) lead this weekend’s watch list of five stocks near buy points as the S&P 500 bull market revs back up. MRVL stock, whose AI chip business is surging, and LLY stock, which is being powered by prospects for its Alzheimer’s treatment and weight-loss drugs, are joined by cruise line Carnival (CCL), construction equipment supplier United Rentals (URI) and aerospace contractor TransDigm (TDG).
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CCL stock and URI are both part of the flagship IBD 50 list of leading growth stocks.
For now, the powerful AI-led stock market rally has found its footing and taken another step forward after some earnings volatility. The S&P 500 finished the week at a 15-month closing high and just 4.5% off its record close on Jan. 3, 2022. The renewed momentum came courtesy of Federal Reserve chair Jerome Powell. He indicated…
