Nvidia (NASDAQ:NVDA) stock was one of the best-performing names of 2023, with a staggering gain of more than 240%. This year looks good too. The chip maker has been riding high on the booming demand for its artificial intelligence solutions. While there are several reasons investors should be optimistic about NVDA stock, investors should also be wary
Stocks to buy
Meta Platforms (NASDAQ:META) remains one of the world’s largest and most influential technology companies. META stock operates some of the most popular social media platforms including Facebook, Instagram, WhatsApp, and Messenger. It also develops and sells hardware products, such as Quest mixed reality headsets, Portal smart displays, and Ray-Ban smart glasses. In addition, it is
Will 2024 be the year that cannabis stocks come back into their own? Though recreational and medical legalization is inching along, state by state, cannabis stocks haven’t come close to touching past highs. Cannabis’ lost investor enthusiasm comes primarily from two core concerns: legalization and differentiation. The first issue is self-evident but more nuanced than
Although markets have gotten off to a difficult start, Wall Street analysts continue to love and recommend several stocks to investors. Some of these highly praised stocks are mega-cap technology concerns and companies associated with artificial intelligence (AI). But not all of them. Analysts continue to heap adulation on stocks of companies with strong earnings,
Many stocks had incredible runs in 2023, and not just the so called “Magnificent 7” mega-cap technology concerns. While underreported, many stocks beat the performance of the Magnificent 7 last year. Further, they saw their share prices completely recover from the downturn in 2022. Best of all, these market outperformers look likely to continue running
Important voices in the investment world predict that 2024 could be a very strong year for mid-cap stocks. Janus Henderson portfolio manager Brian Demain believes the outlook for mid caps looks favorable as rate hikes slow and cuts draw nearer. Demain also anticipates that they could perform very well due to their relative underperformance to
Wall Street analysts conduct plenty of research before deciding which stocks to recommend. It’s part of their full-time jobs which makes them more present in the industry than most retail investors. Investors can save a lot of time by reviewing analysts’ recommendations. However, an investor shouldn’t take an analyst’s recommendation at face value. Instead, investors
The Magnificent 7 companies were the stars of the show in 2023. In the new year’s first week of trading, the cohort proved slightly less magnificent. Depending on which of the Magnificent 7 stocks you were watching, the first week of the year was quite ugly. In any case, I don’t think one week of
Many investors continue to prioritize dividends when buying stocks, relying on the payments for income, particularly in retirement. To many investors, dividends provide a more reliable and consistent return than stock price appreciation, which is prone to market fluctuations. These investors look for companies that make their dividend payouts a priority and steadily increase the
Hedge funds are specialized investment funds that aim to generate returns regardless of overall market conditions. Hedge fund managers tend to be skilled stock pickers, as they have the resources to conduct thorough research and analysis. They also often have industry connections that provide valuable insights. As such, keeping an eye on the stocks hedge
Penny stocks can offer tantalizing rewards for those willing to stomach the risks. Though most fail, the few that succeed can bring massive returns. I don’t have a crystal ball, but using the latest AI assistant from Google (NASDAQ:GOOG, NASDAQ:GOOGL) called Gemini, I asked it to predict which penny stocks have a chance to skyrocket
The arrival of 5G networks has sparked interest and attracted significant investments in the telecom industry. With speeds up to a hundred times quicker than 4G, reduced lag, and the ability to handle a spike in connected devices, 5G has the potential to change everything from smartphones to autonomous vehicles. While it will take time
While 2025 is less than 12 months away, the full year is roughly 2 years in the future. That means investors today have roughly 24 months during which to produce returns. Investors looking for 10x stocks during that period will have to accept real risk. That said, trends indicate that a few sectors are best
This earnings season promises to be an interesting one. A lot is hinging on upcoming earnings, considering company reports set the stage for 2024 while acting as an official close to 2023’s holiday shopping season. For that reason – shopping season uncertainty – retail stocks are ones to avoid this earnings season if you’re even
Lithium has become a hot commodity with the growing adoption of electric vehicles (EVs). While EV sales may have seen a slowdown, the future will be all about EVs. And, this is the time that lithium demand will soar. Due to the dip in EV sales, the supply of lithium is higher than its demand,
Flying cars, also known as electric vertical take off and landing (eVTOL) vehicles, were in the thick of the action last year. The primary reason for this increased interest was regulatory approvals that are likely to set the stage for commercialization by 2025. But after a good rally, some of the top companies in the
In the volatile space of penny stocks, three companies are emerging as powerhouses with breakout potential, poised for massive gains. To begin with, the first one’s organic growth, the second one’s data licensing prowess in liquor retail, and the third one’s strategic insurance advancements are captivating the market. Also, the first one leads the veterinary
Over the last few years, investors have become increasingly interested in the idea of virtual reality (VR), or augmented reality (AR), as a broad opportunity. The emergence of the metaverse during the pandemic served to heat up conversation around the topic. And the apparent opportunity has only become clearer as the technology has developed. With this,
It’s fair to say that China-based electric vehicle manufacturer Nio (NYSE:NIO) isn’t a darling of the financial markets now. Yet, at least one expert on Wall Street has set a lofty price target for NIO stock. Besides, after viewing Nio’s EV-delivery stats, you’ll wonder why the share price isn’t much higher than it is today. Nio has come a long
For weeks, Palantir Technologies (NYSE:PLTR) has been holding steady, at prices between $15 and $20 per share. The sideways movement for PLTR stock makes sense amid the bull versus bear debate. Bulls think recent price action benefits this popular AI software play. As one Seeking Alpha commentator put it, “this dip is a gift.” Bears