2 Nasdaq 100 Stocks to Keep an Eye On and 1 We Question

While the Nasdaq 100 (^NDX) is filled with cutting-edge technology and consumer companies, not all are on solid footing. Some are dealing with declining demand, high costs, or regulatory pressures that could limit future upside.

Investing in Nasdaq 100 stocks isn’t just about picking big names - it’s about finding the right ones, and that’s where StockStory comes in. Keeping that in mind, here are two Nasdaq 100 stocks that have huge potential and one that may struggle.

One Stock to Sell:

Autodesk (ADSK)

Market Cap: $52.97 billion

Starting with AutoCAD in the 1980s and evolving into a comprehensive design ecosystem, Autodesk (NASDAQ:ADSK) provides software solutions for architecture, engineering, construction, manufacturing, and entertainment industries to design, simulate, and visualize projects.

Why Do We Think Twice About ADSK?

1. Sales trends were unexciting over the last five years as its 13.7% annual growth was below the typical software company
2. Competitive market means the company must spend more on sales and marketing to stand out even if the return on investment is low
3. Operating margin was unchanged over the last year, suggesting it failed to gain leverage on its fixed costs

Autodesk is trading at $248.20 per share, or 6.4x forward price-to-sales. If you’re considering ADSK for your portfolio, see our FREE research report to learn more.

Two Stocks to Watch:

Ross Stores (ROST)

Market Cap: $72.32 billion

Selling excess inventory or overstocked items from other retailers, Ross Stores (NASDAQ:ROST) is an off-price concept that sells apparel and other goods at prices much lower than department stores.

Why Could ROST Be a Winner?

1. Same-store sales provide a solid foundation for the steady expansion of its stores
2. Brick-and-mortar locations are witnessing elevated demand as their same-store sales growth averaged 3.6% over the past two years
3. Market-beating returns on capital illustrate that management has a knack for investing in profitable ventures

Ross Stores’s stock price of $227.01 implies a valuation ratio of 31.1x forward P/E. Is now a good time to buy? See for yourself in our full research report, it’s free.

Diamondback Energy (FANG)

Market Cap: $53.58 billion

Sporting one of Wall Street's most memorable ticker symbols, Diamondback Energy (NASDAQ:FANG) drills for and produces oil and natural gas from underground rock formations in the Permian Basin of West Texas and New Mexico.

Why Is FANG a Good Business?

1. Impressive 42.8% annual revenue growth over the last ten years indicates it’s winning market share this cycle
2. Attractive asset base leads to wonderful unit economics and a best-in-class gross margin of 79.7%
3. Robust free cash flow margin of 37.1% gives it many options for capital deployment

At $192.75 per share, Diamondback Energy trades at 9.9x forward P/E. Is now the right time to buy? Find out in our full research report, it’s free.

Stocks We Like Even More

ONE MORE THING: Top 5 Growth Stocks. The biggest stock winners almost always had one thing in common before they ran. Revenue growing like crazy. Meta. CrowdStrike. Broadcom. Our AI flagged all three. They returned 315%, 314%, and 455%, respectively.

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Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.