As we enter June 2024, the Dow Jones Industrial Average continues to be a closely watched barometer of the U.S. stock market. In this article, we will explore the three best Dow stocks to consider adding to your portfolio this month. These stocks have been selected based on a thorough analysis of their fundamentals, market
admin
Back in December 2023, when the market was pricing in six or so rate cuts, Apollo Asset Management’s co-president Scott Kleinman had a more contrarian view: He said he’d be betting against any rate cuts in 2024. That call so far has paid off. But higher-for-longer rates haven’t necessarily been a tailwind for the private-equity industry as
I largely tend to average up on my investments as the business conviction grows. I am not a big fan of averaging down. However, there are scenarios where averaging down makes sense. A good example is with electric vehicles, and EV stocks that are worth averaging down in the coming months. Most EV stocks surged
In May, Barron’s published an article titled Week’s Best: Dow 50,000 or Bust? At the time, the Dow Jones Industrial Average hit 40,000, a record for 30 of America’s oldest companies. That got me thinking about Dow stocks to buy. Of the three major indexes, the Dow is the worst performer in 2024, up less
There’s no doubt Wall Street analysts provide investors with valuable information. Their reports offer a detailed overview of a company, a financial model for its future performance, and a price target based on an informed estimate of a company’s fair value. This serves as a useful jumping-off point for further research and investigation and can
I have historically been very bearish on GameStop (NYSE:GME), mainly due to key fundamental factors. The company continues to see revenue deterioration and the ultimate impact of online competition should render its business model obsolete over the very long term. That is why there is so much short interest in this name. However, GME stock
Money is a critical medium of exchange that allows people to buy goods and services. Consumers look for ways to save money, make more of it, and have their money compound over time. Many fintech firms offer services that align with what consumers want. You can put your money into a high-yield savings account if
Perhaps the most dominant narrative in stock market circles is the Federal Reserve’s potential moves to slash interest rates. However, recent comments from Fed officials suggest that we may have higher-for-longer interest rates, ruling out multiple cuts this year. Additionally, investors are digesting the Commerce Department’s revised, weaker-than-expected Q1 U.S. economic growth figures. With these
From 1930 to 2023, 70% of dividend stocks in the top two quintiles outperformed the S&P 500 during recessions. Dividends have contributed 40% of the stock market gain since 1930, increasing with rising inflation. In 1981, 2001, and 2007, dividend-paying companies beat the market owing to steady profit flow; given the November election and three
Semiconductors have become increasingly important over recent years. Outside of powering our smartphones, TVs, and laptops, these silicon-based devices are critical to a host of emerging technologies, including generative artificial intelligence (AI) and electric vehicles (EVs). Most people are already quite familiar with Nvidia (NASDAQ:NVDA), which maintains a clear stranglehold over the AI chip market
Trade tensions can take a major toll on China-based electric vehicle manufacturer Nio (NYSE:NIO). The last thing you need to do in 2024 is add problems to your portfolio, so we’re assigning Nio stock a “D” grade and not recommending it today. Nio is focusing on a specific type of EV-battery technology. The company isn’t hedging its bets,
Are you in the market for meme stocks and/or penny stocks? Perhaps MGO Global (NASDAQ:MGOL) caught your eye, as MGO Global is a tiny company that could grow much bigger. However, a moonshot seems improbable and MGO Global stock is too risky for sensible investors to buy and hold in 2024. Surely, it’s not a
As the latest round of “meme stock mania” enters the rearview mirror, the focus with AMC Entertainment (NYSE:AMC) is shifting back to the movie theater chain’s fundamentals. That does not bode well for the company, for its management, and for AMC stock investors. For the company and for management, and end to “meme mania” means
The advent of generative artificial intelligence (AI) took the world by storm in 2023. Semiconductor companies have been ever busy since then. There is a plethora of complex components — hardware and software — that go into making the silicon chips that power large language models (LLMs). Nvidia (NASDAQ:NVDA) is arguably the largest beneficiary of
Three summer stocks have considerable development prospects centered upon their distinct technical breakthroughs and strategic initiatives. The first one started operating a foundry, and the business took a major stride toward becoming the first systems foundry built for the AI age. This endeavor has garnered significant support from prominent IT behemoths and a top U.S.
Tesla (NASDAQ:TSLA) has certainly underperformed its sector. With TSLA stock down over 30% this year, the company that’s invested heavily in China with its Shanghai gigafactory could be poised for more downside. Indeed, Model Y production there faces cuts due to economic uncertainties. Tight competition for more affordable alternatives are rising. In 2024, Tesla aims
The Biden administration announced in May 2024 that it would not only leave the existing tariffs on Chinese steel and aluminum in place but is proposing to triple them. The implications for the United States steel industry is a simple matter of supply and demand. Which is why it’s time for investors to look for
Pharma stocks have two unique characteristics that can make them great investments for many individuals. First, unlike the vast majority of equities, undervalued pharma stocks can rally even when the economy is performing miserably. And secondly, a few data points can rather quickly transform a pharma company that’s been a loser for many years on
A stock market rally is still underway, with the S&P 500 index rebounding in May. Now, this rally has mostly been led by high-growth tech stocks. However, some names with unique value are certainly garnering more attention. You know, the high cash flow producing companies with solid balance sheets that return capital to shareholders. Investors
The last few weeks have been quite eventful for meme stocks. Most notably, social media influencer Keith Gill, who goes by the alias Roaring Kitty, caused GameStop’s (NYSE:GME) stock to jump over 70%. How he did this is quite interesting. Those of you familiar with the Reddit community Wall Street Bets might remember the meme