If you want to become a millionaire, invest wisely. One way to potentially do that is by investing in solid stocks, especially those with a solid history of growth. Or, with inflation cooling and consumer spending improving, several sectors are booming, creating even more opportunities to find hot stocks to buy. In fact, here are seven
Quality blue-chip stocks provide steady total returns that help beat inflation and preserve purchasing power. However, it is growth and penny stocks that can deliver potential multibagger returns — if the objective is to create big wealth from the markets. For sure, it’s advisable to restrict exposure to penny stocks to between 10% and 15%
The sell-off in the broader stock indexes such as the S&P 500 and the Nasdaq has led to the rise of penny stocks to buy. True, it’s tempting to buy high-performing momentum stocks. But beware of the pattern of investors buying high in hopes of selling even higher later. On the other hand, buying stocks that
Some of the most promising penny stocks can have multi-bagger potential over the long haul. After all, the combination of low prices, strong catalysts, and potentially high returns can be appealing. But I should warn you that not all penny stocks will work out. In fact, not only will I warn you about these upfront,
At first glance, the very concept of retail stocks to buy might seem the equivalent of burning your cash in the dumpster. With the Federal Reserve still concerned about the impact of stubbornly high inflation, the underlying narrative doesn’t seem supportive of consumer sentiment. At the same time, the back-to-school season may help lift certain
Heading into an ambiguous economic environment, investors looking for as close to a sure thing may want to target analyst-backed strong buy stocks. Tracked and endorsed by the top experts on Wall Street, these securities should enjoy better-than-average returns than randomly extracted ideas. Yes, I’ve heard just about all the criticisms you can level against
As a rule of thumb, you should avoid targeting cheap securities, However, exceptions can always be made, particularly for these tantalizing stocks under $10 to buy. To be sure, the cheap ideas in the capital market attract much attention. However, their underlying fundamentals tend to suffer from huge credibility challenges. On the flip side, the
With markets showing signs of strength again, I wanted to take a look at a few oversold opportunities on the market, namely oversold penny stocks. While I believe each could return multi-bagger returns, let’s be clear about a few things. One, penny stocks do present extraordinary risks. In fact, not only will I warn you
Stocks are rallying once again in 2023. The growth-oriented index is leading the way higher with a 36% gain or more than twice the return of the S&P 500. It’s also nearly 10 times better than the Dow Jones Industrial Average. No one knows when the rug will be pulled again. However, history shows us
Automakers around the world are working overtime to pivot to electric vehicles and phase out gasoline-powered models. The market for EVs looks enormous, with Fortune Business Insights forecasting that the value of the global EV market will reach $1.58 trillion annually by 2030. While Tesla (NASDAQ:TSLA) has a big lead currently, its competitors are closing
Defensive industries are typically looked at by investors in times of uncertainty. Indeed, we have interest rates near 40 year highs, inflation is still high, and the inverted yield curve and other factors point to a likely recession on the horizon. Yes, we haven’t seen this expected recession materialize yet. However, there are plenty of
Utilities stocks don’t often get the limelight they deserve. Overshadowed by tech giants and budding startups, these steady performers are frequently overlooked in favor of more glamorous options. But for discerning investors, undervalued utility stocks represent a treasure trove of potential, marrying stability with remarkable upside. These underappreciated assets might just be the hidden gems
Editor’s note: “The Paradigm Shift That Could Redefine the Age of AI” was previously published in July 2023. It has since been updated to include the most relevant information available. Artificial intelligence is not just a buzzword – it is a reality that will transform every aspect of our daily lives in the coming years.
Two more stocks for your aggressive growth radar screen. Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE
One of the best ways to hunt for oversold fintech stocks to buy is by reviewing the 63 holdings held by the Global X FinTech ETF (NASDAQ:FINX). It tracks the performance of the Indxx Global FinTech Thematic Index. The methodology page states that the names in the index are companies in developed markets “that are offering
It’s been more than a half century since humanity first learned to genetically modify organisms. While we’re still learning new things every day about it, synthetic biology has now become commonplace in a multitude of industries. From chemical production in agriculture to drug design and discovery, many modern products would be impossible or too expensive
The fintech industry has been rapidly reshaped by technology. The landscape has evolved into an arena where innovation, automation, and AI-driven solutions reign supreme. The article lists the dynamic trio of fintech stocks defying conventions and the fundamentals these three companies injected into the fintech revolution. The first redefines payments through AI-backed solutions and digital
Buying dividend stocks can be tricky. Oftentimes, stocks that pay exorbitantly high dividends have underlying financial problems, and their share price is languishing. The dividend is used as a carrot to keep shareholders hanging on in what is known as a “dividend trap.” This is a situation best avoided. That said, there are a number
We have entered the age of generative artificial intelligence (AI), and as a result, machine learning stocks are suddenly much more important. Machine learning is the process by which computers adapt without following explicit instructions. Instead, finding patterns within algorithms and drawing conclusions. In other words, machine learning is a predicate of artificial intelligence and
Shoppers walk by a Nordstrom sign at Westfield San Francisco Centre in San Francisco, May 11, 2023. Justin Sullivan | Getty Images Check out the companies making the biggest moves midday: Nordstrom — The department store retailer sank 8.6% even after topping fiscal second-quarter earnings and revenue expectations. Earnings came in 40 cents ahead of