Apple (NASDAQ:AAPL) stock is finally in the grip of the AI fever. The iPhone maker traded at 52-week lows of $164 mid-April. In three months, Apple stock surged by 35% and trades at a forward price-to-earnings ratio of 30.3. I believe that valuations are stretched, considering the company’s revenue and earnings growth trajectory. A correction
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As if 2024 couldn’t get any more bizarre, President Joe Biden announced on Sunday he was withdrawing from the presidential campaign. He subsequently endorsed Vice President Kamala Harris to become the Democratic nominee. Coming just a week after the assassination attempt on former President Donald Trump’s life, the election season gets roiled more every day.
Markets have been slipping recently, but make no mistake. Now is the time to buy growth stocks. These drops are a short-term issue. FED chair Jerome Powell says he sees inflation and economic growth in “much better balance.” This indicates improving market conditions. Additionally, it strengthens press release claims of Powell lowering interest rates in
Nurphoto | Nurphoto | Getty Images Spot ether exchange traded funds are set to begin trading on Tuesday. Crypto enthusiasts are hopeful it will broaden the investor base for Ethereum, a blockchain technology many argue has a far wider use case than bitcoin. These ETFs will invest directly in ether, which is the cryptocurrency used in
It’s not just big tech stocks that have experienced a pullback lately. Many other highly-followed stocks have as well, including some of blue-chip stocks. Blue-chips may be known for their consistency and perceived lower levels of risks, but many investors have in recent months become fairly cautious about many names in this category. In some
In the dynamic world of cloud computing, shifts in market dynamics can happen faster than a flash of lightning. Despite the sector’s explosive growth over recent years, not all cloud companies are primed to keep soaring. The cloud computing market is projected to grow significantly from $0.68 trillion in 2024 to $1.44 trillion by 2029,
After reaching a peak of $134 per share on July 10, shares of Nvidia (NASDAQ:NVDA) have rolled over to $118. Nvidia is a great company. It should bring in $80 billion in revenue this year, recording over half as net income. But with a market cap of $2.9 trillion you’re paying 36x sales and 69x
Investors should be wary of overvalued stocks. Although they may continue to experience share price appreciation, they have a more substantial potential for a rapid decline than other companies trading closer to the sector average. Overvalued stocks are best for investors to strongly consider their upside potential before investing to prevent unneeded portfolio losses. Below,
I love Qualcomm (NASDAQ:QCOM). Based in San Diego, Qualcomm develops and commercializes a range of foundational technologies for the wireless industry. With mobile connectivity becoming an increasingly vital concept, the company’s specialized semiconductor products command tremendous prominence. However, as great as Qualcomm stock is, the market is the ultimate arbiter. Right now, the market is
Meme stocks, fueled by social media hype, can soar or crash rapidly. While some see potential for explosive gains, others pose a high risk. So, how to navigate this wild ride? Hot companies with strong fundamentals and a clear growth path might be worth a closer look, even if they have meme stock buzz. On
Palantir (NYSE:PLTR) has delivered growth and advancement at its recent AIPCon event that moved Palantir stock. It has unveiled new customers and product announcements pointing to the company’s fundamental strength. Nearly 70 clients discussed the sharp utilization of Palantir’s Artificial Intelligence Platform. These clients include United Airlines (NASDAQ:UAL), Nebraska Medicine, and AARP. This reflects the company’s expanding
Rivian Automotive (NASDAQ:RIVN) has been on a winning streak lately. A spate of positive developments has really moved the needle for Rivian stock over the past two months. The EV maker may not even be done with its extended rebound in price. An upcoming event could give the summer rally further momentum. However, while there’s
Inflation is trending downward and approaching the Federal Reserve’s 2% target and unemployment is heading higher. The Fed is widely expected to begin cutting interest rates at its September meeting. In a recent article, Morningstar projected that the central bank’s target range would sink. It would go down from its current 5.25%-5.5% to 4.75%-5% at
It’s plain to see that there’s plenty of optimism for Q4 2024 among retail investors and their institutional counterparts alike. The prospect of US Federal Reserve interest rate cuts has spurred more optimism throughout Wall Street, with recent forecasts suggesting that rates may fall as low as 4.75% by the end of 2024. This, coupled with
Chinese stocks benefit from China’s economic change as per the communiqué of the third plenum. The goal is to advance changes in a number of different industries. These consist of taxes and economic and environmental policies. For tech stocks, this results in a more stable and predictable environment. The focus on increasing domestic consumption and
Real estate investment trusts (REITs) represent one of the best ways to get exposure to investing in real estate without having to take on the risks and capital expenditures of purchasing your own property. When buying into a REIT, investors are essentially giving their money as a loan to a capital management firm, which then
Representation of Ethereum, with its native cryptocurrency ether. Dado Ruvic | Reuters The Securities and Exchange Commission appears to have given the green light for exchange traded funds that hold ether, the world’s second-largest cryptocurrency. Trading is expected to begin as soon as Tuesday. Several fund issuers submitted additional registration statements on Monday afternoon, and
Gene editing stocks represent one of the biggest investing trends in biopharma in recent years. The gene editing field employs advanced technologies to edit the DNA of different organisms, thereby opening up possibilities for transformative treatment options. The most popular tool in the niche is CRISPR-Cas9, which has been touted for its precision, speed, and
Nvidia (NASDAQ:NVDA) got caught up in the volatility of the hailstorm hitting the semiconductor market these past few weeks. And though this double-digit percent plunge off recent highs will probably end up nothing more than a blip in the one-year chart next summer, investors who are overly anxious about buying on weakness may wish to
For the second quarter of 2024, Tesla (NASDAQ:TSLA) holds solid recent vehicle production and delivery figures. The production data shows a high performance and stability against market and macro challenges. As a result, Tesla is now better able to hit and surpass production targets. The updated vehicle lineup may launch earlier than previously planned. The company is
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