It’s clear to anyone who follows the market which stocks outperformed in 2023. Artificial intelligence and weight loss drug companies led the way. But what about the year ahead? Which securities will ascend to new heights in 2024 and pull the market up with them? Analysts and market commentators are busy with their predictions and
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Some stocks have crushed the market over the past five years, generating returns of more than 1,000%. Even better, many of these stocks appear capable of generating growth of 1,000% or more in the next five years as well. For investors, taking a position in a multibagger stock that delivers huge, sustainable gains over a
Bitcoin’s(BTC-USD) staggering 58% surge over the past six months has sparked renewed and widespread interest in blockchain technology. This momentum, coupled with analysts’ predictions of Bitcoin reaching the $50,000 threshold, heralds an era for top blockchain stocks to buy. The remarkable ascent of blockchain stocks, particularly those linked to crypto-centric public companies, owes much to
The returns can be massive when you can scoop up shares on the cheap before the rest of the market catches on. Of course, separating the wheat from the chaff is easier said than done. With endless cheap stocks available, many are fragile companies that still have further to fall. The key is finding the
SmileDirectClub (OTCMKTS:SDCCQ) ceased operating on December 8 after it could not restructure through bankruptcy proceedings. The once high-flying provider of dental aligners was one of many at-risk companies entering the final quarter of 2023. Do you remember all the articles pitting SmileDirect against industry leader Align Technology (NASDAQ:ALGN)? I sure do. As recently as 2020,
Investing in blue-chip stocks is boring but rewarding. Long-term value creators among blue-chip stocks demonstrate the power of compounding. On the other hand investing in growth and penny stocks seems exciting since they’re associated with higher volatility. Of course, it comes with the baggage of high risk and therefore the portfolio should be well diversified.
As we usher in a a burgeoning bull market in 2024, it’s paramount to turn our attention to the top cloud computing stocks. The last decade has showcased cloud computing’s role in revolutionizing business operations, enhancing collaboration, scalability, cost-effectiveness, and data security. With these benefits, the cloud computing market is gearing up for massive growth,
In an era dominated by digital transformation, the interest in cybersecurity stocks has never been more pronounced. As both people and businesses increasingly rely on advanced technologies, the threat of cyberattacks becomes a growing concern. Over the last several years, cybersecurity companies have seen an explosion in revenue growth. This has been largely driven by increased demand
Since the end of October, stocks have rallied tremendously, with the S&P 500 soaring 15% and the Russell 2000 jumping 21%. This huge rebound, brought about by greater confidence in the economy and less trepidation about interest rates, resulted in many drastically overvalued stocks. For long-term, risk-tolerant investors, the latter situation created a good opportunity.
Yesterday, the S&P 500 flashed a pretty rare and equally spectacular technical indicator. That is, for the first time in more than a year, the stock market became extremely technically overbought. Specifically, the relative strength index (RSI) on the S&P 500 popped above 80 yesterday. That’s extremely rare. And prescient investors will know that it
Over the last several months, solar stocks lost their shine. In fact, many lost more than 50% of their value. The Invesco Solar ETF (NYSEARCA:TAN), for example, plummeted from about $75 to a low of about $41. First Solar (NASDAQ:FSLR) dropped from $225 to $130. Sunrun (NASDAQ:RUN) fell from $23 to a low of $9.50. This occurred while U.S. and European
Figuring out what is going on in the bustling stock market can be quite challenging for investors. With big names stealing the spotlight, it can be hard for sleeper stocks to find their way to the portfolios of investors. Sleeper stocks are quietly lurking amid all of this financial commotion. They are often undervalued and
Genomics is undeniably medicine’s future, and genomics stocks stand to be the next big thing in healthcare as the industry matures. But the crux of the matter is when the industry will mature. Medical advancement lead times, regulatory approval, and expensive R&D combine to make genomics stocks a risky speculative play today while we await
Investor Cathie Wood deserves to take a victory lap. After being vilified for almost two years for allocating capital to disruptive technology stocks, Wood’s 2023 strategy has proven successful. The flagship ARK Innovation (NYSEARCA:ARKK) exchange-traded fund (ETF) that Wood runs through her investment management firm Ark Invest is up 70% this year. After enduring the
In the contemporary age, the concept of top Dow stocks to buy seems rather anachronistic. After all, the underlying Dow Jones Industrial Average only covers 30 companies. Contrast that with other indexes that consider hundreds if not thousands of publicly traded securities. However, the limited coverage of Dow stocks shouldn’t be conflated with a lack
With speculation about interest rate cuts seemingly reaching a fever pitch, it’s naturally time to consider high-yield dividend stocks. To be sure, this segment has lost some of its attractiveness over roughly the past two years as the Federal Reserve began earnestly hiking borrowing costs. But with that narrative possibly shifting, it may be time
While the topic of top penny stocks to buy may arouse controversy similar to apocryphal literature with spiritual implications. That might sound hyperbolic but generally, financial advisors shy away from the sector because of the extreme risks involved. It’s not just that investing in this arena is dangerous to your financial standing; rather, the ecosystem
With another year in the global markets coming to a close, now is a great time to consider stocks to buy for 2024. Part of the reason is to establish a framework for navigating the myriad uncertainties that could lie ahead. For example, there’s a lot of talk about the Federal Reserve’s monetary policy these
Growth stocks certainly have legs at the moment and it’s fair to assume that there will be a surge of investment heading into 2024. Demand should be expected to rise as the Federal Reserve continues to signal that the worst is over. The markets are expecting a soft landing and multiple rate cuts in 2024.
In this world of speed and technology, tech stocks have become an important foundation stone for savvy investment portfolios. Stocks representing innovation and progress are a fertile field for investors looking to achieve growth. But with so many companies to choose from, how can one pick the best tech stocks? Such a conundrum frequently sends