The S&P 500 and Nasdaq Composite are back in familiar territory, jumping to record highs yesterday. Led by a soft April U.S. consumer inflation print, Mr. Market is now pricing in a couple of rate cuts before 2024 draws to a close. With the market’s risk appetite growing again, it’s an opportune time to load up on the best
The AI hype train took semiconductor stocks to new heights last year. However, following a spectacular rally over the past couple of years, the semiconductor market is at a critical juncture. Hence, investors would be better served by diversifying away from semiconductor stocks to sell. The irony is that with all the generative AI buzz,
Investors looking for breakout stocks to buy that Wall Street already loves should find it easier now that the S&P 500 is near 52-week and all-time highs. The index is up nearly 12% year to date thanks to an almost 5% gain in the past month. Doing a quick stock screen of stocks in the
Wildfires are raging in Western Canada right now. This is a huge reminder that weather has become much more unpredictable due to climate change. El Niño got going around June. Experts say we tend to witness the warming a year later. Cue the wildfires. “Basing it on the El Niño at the beginning of the
The S&P 500 is the most recognizable index in the stock market. Many investors use this index as a benchmark to determine if their portfolios are outperforming the stock market. The S&P 500 consists of profitable large-cap companies. While investing in an S&P 500 ETF can simplify your portfolio, these ETFs have a major downside.
Being dynamic in stock market investing is crucial, especially given the recent vibrancy of online platforms. Platforms such as Robinhood Markets (NASDAQ:HOOD), among others, wield significant influence over stock market trends. With more than 11.9 million on its platform, it has the power to create unique opportunities and risks for its growing user base. Hence,
Penny stocks to buy can be rewarding if you can spot the right ones. Unfortunately, most have a history of burning investors. That’s because many are never the “bargain” they appear to be. And oftentimes, the shares are cheap for a good reason. Unfortunately, what you’ll find most times with penny stocks is an unproven
Lucid Group (NASDAQ:LCID) is a perfect example of why you should not short a stock. As famed economist John Maynard Keynes once noted, “The market can stay irrational longer than you can stay solvent.” Lucid should be doing even worse than it is. Yet here we are watching Lucid stock soar because someone posted a
Meme stocks are certainly picking up steam. For investors in Trump Media (NASDAQ:DJT) stock that should be a good thing. Unfortunately, it hasn’t participated in this meme stock rally like GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) have. That’s partly due to the company’s core catalysts, and its unique investor base. As I’ve pointed out in
Widely known for its coverage of popular growth stocks like Tesla (NASDAQ:TSLA), much like the old E.F. Hutton slogan, when Wedbush Securities talks, people listen. As such, many in the market may take caution with the stocks with lowered price targets that the sell-side firm covers. But much like how unthinkingly following sell-side ratings may
The rapid advancements in artificial intelligence (AI) and automation have led to a surge in interest in robotics stocks. However, investors should be cautious about investing in this sector in 2024. Many robotics companies are facing significant challenges that could negatively impact their performance and lead to a strong bear case for selling these stocks.
There’s a “good news, bad news” situation in May for China-based electric vehicle manufacturer Nio (NYSE:NIO). Despite a strong monthly vehicle-delivery report, the bad news may outweigh the good news. Given the uncertain future growth prospects, we rate Nio stock as a “D.” This doesn’t mean Nio is doomed or anything like that. We’re only trying to warn
Here’s an energy company that’s old and new at the same time. I’m referring to General Electric (NYSE:GE) spinoff company GE Vernova (NYSE:GEV), which may catch the interest of investor looking for highflying stocks. However, caution is advised as GE Vernova stock moved too far, too fast. Headquartered in Massachusetts, GE Vernova is focused on
Citigroup (NYSE:C) is a financial giant you can bank on, so to speak, but the company will face challenges in 2024. The Federal Reserve’s interest-rate policy will undoubtedly have a major impact on Citigroup’s top and bottom lines. Yet, there’s data to support a small, cautious position in Citigroup stock this year. It seems like
The meme stock season seems to be back. Novavax (NASDAQ:NVAX) has surged over 200% in the last month, with big gains coming in a few trading days. GameStop (NYSE:GME) stock has also skyrocketed more than 290% in the last month. These are just two examples and speak volumes about the ferocity of the rally. Of
It’s now apparent that the streaming wars are over, and Netflix (NASDAQ:NFLX) has emerged victorious. One point supporting this is that studios owned by rival streaming firms, such as HBO, are selling significant amounts of content to Netflix. Another piece of evidence is that Netflix is very profitable, generating operating income of $6.95 billion last
Explore the fusion of football and Bitcoin with Peter McCormack, discussing his club’s success, the impact of new investments, and a Bitcoin conference, all in his hometown of Bedford. IN THIS EPISODE, YOU’LL LEARN: 00:00:00 – Intro 00:07:09 – The strategic role of Bitcoin in advancing the success of a local football club. 00:10:00 –
If you’re looking to do some passive investing on things like the SPY, IWM or the Dow Jones. You might be hesitant to get into the market right now, because since it’s been going up and up for a long time, you might be worried that it’s probably going to sell off soon. Well in
Over the past 18 months, shares of online used car dealer Carvana (NASDAQ:CVNA) staged a miraculous turnaround. Many expected to hear about a bankruptcy filing, not a rally. But beginning in January 2023, Carvana stock did just that and rocketed over 2,400% higher. The stock has already more than doubled so far this year. Furthermore,
Finding stocks to sell in 2024 is straightforward, but actually executing those trades is another matter. As always, bearish sentiment surrounds the Magnificent Seven as the S&P 500 hits all-time highs despite sweeping tech layoffs and overall economic unease. Sure, you could short a stock like Nvidia (NASDAQ:NVDA) due to massive overvaluation. But ask the