In 2024, the stock and crypto markets presented significant opportunities for gains. Beyond established projects, new ventures and overlooked altcoins offered potential for exponential returns. However, SEC approval of Bitcoin (BTC-USD) spot ETFs has marked a crucial point in the 2024 cryptocurrency landscape. Amid this recent market recovery, it paves the way for investment opportunities.
Stocks to buy
While Nvidia (NASDAQ:NVDA) may have stolen the spotlight when it comes to the best semiconductor stocks, it’s not the only idea out there. Not to pick on the graphics processing specialist – it’s doing just fine. However, with a trailing-year earnings multiple of nearly 72X, one has to wonder if a breather may be due.
With such a surprisingly strong performance printed last year, it’s only natural to consider going with the flow, not abruptly shifting gears with stock comeback predictions. Yeah, going contrarian is a sexy concept, I get it. However, turnaround stocks come with significant risks. While the aphorism of buy low, sell high permeate popular culture, the
While the technology sector – especially regarding artificial intelligence – may have captured the spotlight, investors ought to consider adding healthcare stocks to their portfolio. If I had to boil it down to one phrase, it would be permanent relevance. A bold claim but I believe there’s much validity to it. First and foremost, advanced
Alphabet (NASDAQ:GOOGL,NASDAQ:GOOG) stock is up 55.7% over the past twelve months. As with other “Magnificent Seven” tech stocks, many investors are less confident of a 2023 repeat. Shares may gain slower in 2024, but it’s not the worst scenario. Many stocks that performed well last year are at risk of declining this year. GOOG stock
The stock market recovered nicely in 2023 and has many investors feeling excited about future prospects. Many corporations have posted year-over-year (YOY) revenue and earnings growth as consumer spending continues to grow. Consumer spending is a critical driver of the U.S. economy, and growth in this spending can help stocks propel to all-time highs. However, some
Despite the market’s incredible run in 2023, there are still plenty of stocks that are playing catch-up and have room for rapid expansion. Nearly three-quarters of stocks in the S&P 500 underperformed the benchmark index over the past year as gains were concentrated primarily in technology stocks. This means that there are many securities that
The positive future of the U.S. economy seems promising, according to Jeremy Siegel, emeritus professor of finance at the Wharton School. He believes the economy has achieved a “Goldilocks pace” of growth, with recent data showing a robust job market and steady unemployment rates. Despite concerns about potential inflation from rising wages and geopolitical tensions
Growth stocks are the best way to compound your portfolio. After all, growth has outperformed value since 2010 by a huge margin. This article highlights some of the best growth stocks to buy now. Picking growth stocks requires a new approach in this environment. Over the past decade, interest rates were near zero and even
If PayPal (NASDAQ:PYPL) were valued like Visa (NYSE:V), PayPal stock would rise. This could have important implications for PYPL stock investors. The world’s biggest payment processor is now America’s most valuable bank. Its shares are up almost 20% over the last year and are now priced at 32 times earnings. PayPal, meanwhile, is down over
The stock market has started 2024 on a high note. With inflation cooling, the economy improving and companies ready to report their quarterly results, there is a lot to look forward to. While some companies are recovering from the bloodbath of 2023 caused due to high inflation and low consumer spending, several stalwarts have been
If you’re a growth investor, an article about overlooked high-yield dividend stocks is not for you. However, with the recent numbers showing that inflation is that dinner party guest that is overstaying its welcome, you may not want to dismiss income-generating stocks too quickly. Now, if you’re still with me, I’ll also say that this
Bank of America (NYSE:BAC) estimates that there will be 152 rate cuts by central banks around the world this year. This is reason enough to be bullish on a potential bull market for precious metals. This column discusses three undervalued precious metal stocks that are poised to deliver healthy total returns within the next 12 months. Besides potential
In 2023, EV charging stocks had difficulty, led by ChargePoint (NYSE:CHPT) which lost more than 75% of its value. ChargePoint saw its revenues fall by 12% during the most recent quarter with losses nearly doubling. Combine that with greater troubles across the EV sector, and it’s easy to understand the reason it fell dramatically. Regardless,
Renewable energy stocks had a rough year in 2023. The iShares Global Clean Energy ETF (NASDAQ:ICLN), which holds some 135 different clean energy public companies, fell more than 20% in 2023. Similarly, the Global X Solar ETF (NASDAQ:RAYS), which holds about 54 different solar names, plummeted 35.1%. Renewable energy companies had not convinced equities traders and investors that
The Nasdaq Green Energy Index ETF (NASDAQ:QCLN) is down by approximately 25% year-over-year suggesting various buy-the-dip opportunities exist in the renewable energy space. Although renewable energy stocks typically possess high downside risk, diversification benefits can be obtained by investing in them. Furthermore, the renewable energy arena possesses robust fundamentals. For example, the broad-based end market
In a world where energy is absolutely vital, oil companies continue to play an important role in its structure. Fossil fuels will continue to operate for many more years before a complete transition to 100% green energy occurs. If oil companies is on your list of investments, be sure to explore these three best oil
Will the software industry still be the darling of 2024? Its comeback in 2023, thanks to the market embracing AI, pushed the sector to greater heights. These days, it seems pretty much all tech companies are looking for ways to monetize AI in various industries, but there may still be a long way to go.
With U.S. equities set to perform very well in 2024, many more companies are likely to sell additional stock in themselves to the public. Meanwhile, the number of initial public offerings should also jump. Since Morgan Stanley (NYSE:MS) generates a great deal of its revenue from underwriting such deals, MS stock should get a big
Prime Video and Amazon MGM Studio businesses announced hundreds of job cuts on Jan. 10. The news from Amazon (NASDAQ:AMZN) sent AMZN stock higher on the day. “[W]e’ve identified opportunities to reduce or discontinue investments in certain areas while increasing our investment and focus on content and product initiatives that deliver the most impact,” The