When the market outlook is relatively challenging, it makes sense to rework on the investment strategy. In my opinion, I would remain overweight on blue-chip stocks. At the same time, some exposure to growth and penny stocks can be considered. However, the investment horizon needs to change. It would be unrealistic to expect multibagger returns
The S&P 500 index currently trades at 4,300. Based on estimates, the index is likely to trade at 4,500 by the end of 2024. Clearly, the markets will continue to face macroeconomic challenges and this will keep the index subdued. However, the index remaining sideways does not imply that there will be no multibagger return
Artificial Intelligence (AI) has received incredible attention this year due to the release of OpenAI’s ChatGPT. Because of its profound capabilities, ChatGPT has successfully captured the imaginations of a swath of audiences from technology enthusiasts and investors to social commentators. This has led to the rise of AI stocks with triple digit returns. Now investors need
Since the pandemic onset, student loan payments have paused, with interest rates at 0%. However, these payments will restart in late August, affecting consumer spending. This has led to the rise of stocks to avoid when loan payments resume. Student loan borrowers will face increased monthly expenses. Some may need to reduce spending, impacting certain
QuantumScape (NASDAQ:QS) is a battery start-up which has seen extreme volatility in recent years. A play on solid-state battery technology, QuantumScape provides investors with a much more speculative potential earnings curve than its EV peers. In the previous bull market rally, QuantumScape achieved a remarkable $54 billion valuation. This valuation was driven by its solid-state
Shopify (NYSE:SHOP), like so many high-profile growth/tech names, has experienced a big stock price recovery. SHOP stock has rallied by nearly 79% since January. Yet even as it appears that a comeback is in full swing, many analysts and commentators are ringing the warning bells about a possible pullback/correction. Many times, bearishness about a popular
After hitting a 2023 high of nearly $9.75 per share on June 14, SoFi Technologies (NASDAQ:SOFI) stock was hit by bearish analysis that had brought it down closer to $8. The market cap on the online banking company was still $7.8 billion, five times more than the $1.57 billion of revenue it had last year,
In the investing world, large investors such as hedge funds and private equity firms carry tremendous power to make or break a company. When a small or micro-cap stock gets backing from some large investment entity, it typically causes a massive shift in the company outlook. It gets eyes on it from prominent retail investors
The stock market has been surging lately. And, in conjunction, stocks at risk of short selling are also rising as traders look to take advantage of overpriced securities. These three high short interest stocks are ones to avoid. Oftentimes, traders look at short interest as a bullish signal, as it could lead to a squeeze.
Countries across the world are moving towards electric vehicles to build a cleaner and greener future. Currently valued at over $250 billion, the EV market is projected to reach $561 billion this year and the market unit sales are expected to hit 17 million by 2028. While the electric vehicle industry suffered from a slump
Budrul Chukrut | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Lucid Group — Lucid shares jumped 9% after the electric vehicle maker said it will provide powertrain and battery systems to British luxury automaker Aston Martin. WSFS Financial — The regional bank added 4.4% after D.A. Davidson upgraded the
Income investors often search for stocks for long-term dividends and buybacks to round out their portfolios. The obvious starting point to locate these types of investments is by looking at yield. This tells you the percentage of that company’s share price paid out in dividends. It offers a touchpoint for investors, but it’s an imperfect
Companies within the tech sector have been a real draw for investors for a long time. Stocks like Meta Platforms (NASDAQ:META), Apple (NASDAQ:AAPL), and Microsoft (NASDAQ:MSFT), which are all in the tech sector, are some of the most popular companies trading in the U.S. The upside for the tech sector keeps improving with the application of generative AI.
Analysts want to hit pause on Palantir Technologies (NASDAQ:PLTR) stock, saying the software as a service company is overbought as an artificial intelligence play. Since four analysts downgraded PLTR stock around June 16 they’re down 15%, trading June 22 around $14. The price remains generous. The company had $1.9 billion in sales last year but
In this article PACW GOOGL LCID MRNA TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Tesla electric car is plugged into a recharging terminal at a Healthy Living Market store June 18, 2023 in South Burlington, Vermont. Robert Nickelsberg | Getty Images Check out the companies making the biggest moves in premarket trading: Tesla —
Investors in the realm of artificial intelligence are closely watching the developments surrounding the Amazon-AMD deal, as it has the potential to impact AI stocks significantly. This partnership presents significant opportunities for companies operating in the AI sector. Investors, in turn, are actively seeking AI stocks with high potential and promising growth prospects. Artificial intelligence,
In an exciting turn of events, natural gas futures prices soared on the international market. According to the U.S. Energy Information Administration, Bloomberg Finance L.P. reported that short-term futures for liquefied natural gas cargoes in East Asia saw an impressive $2.21 increase, settling at a weekly average of $11.50 per metric million British thermal unit
This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here. It turns out that AI is astonishingly good at picking stocks. Several notable studies this year have used ChatGPT and other large language models to beat the market. Some have used sentiment analysis to
When financial traders are willing to buy a stock at any price, that’s not a good sign. It’s hard to be a contrarian with Microsoft (NASDAQ:MSFT) now, as MSFT stock continues to steamroll ahead on artificial intelligence hype. Yet, no company – not even the almighty Microsoft – can remain a darling of the markets forever.
With oil prices hovering around $70 and some analysts believing they could go as high as $100. Therefore, it may seem like a waste of time to think about high-risk oil stocks. However, there will come a day – perhaps later than 2050 – when the only place you’ll find an internal combustion engine vehicle is