Although a new year tends to bring optimism in the market, current vagaries warrant a discussion about bulletproof stocks to buy for 2024. To be fair, even the most influential voices in government are hinting at a positive outcome. Nevertheless, nothing is guaranteed. For example, Wall Street has responded positively to the Federal Reserve’s apparent
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The space stocks race is reaching new heights as Amazon (NASDAQ:AMZN) and the European Union (EU) venture into the satellite internet market. With Amazon’s competitive bid against SpaceX and the E.U.’s ambitious plans, demand for space launches may extend beyond norms. SpaceX has been leading the pack. The company has nearly 5,000 satellites in orbit, with
Hydrogen stocks are helping to pioneer the clean energy revolution. Furthermore, these companies trade at greater valuations and can surge to new heights rapidly. However, not all hydrogen stocks are created equal. Some are too risky, facing cash flow issues and solvency fears in the past, like Plug Power (NASDAQ:PLUG). Others simply don’t represent good
EV charging stocks suffered this year, largely due to apparent reduced interest in overall EV offerings. But, increasingly, it seems as though that bearish sentiment was misguided, offering a prime purchase opportunity for some of the top EV charging stocks. Instead, EV sales are steady. U.S. plug-in vehicle sales, which benefit EV charging stocks most,
At first glance, electric vehicle (EV) battery technology company QuantumScape (NYSE:QS) might sound like a great business to invest in. After all, QS stock moved higher in November and early December. Yet, caution is definitely advised as QuantumScape’s financial shortcomings can’t be ignored. Besides, as we’ll explain today, a prominent analyst firm published a low price
There’s no doubt about it. It’s been a great year to invest in Nvidia (NASDAQ:NVDA), the most magnificent of the “Magnificent Seven” companies. However, Nvidia isn’t the only artificial intelligence (AI) processor arms race competitor. Indeed, a comeback contender in the AI chip industry should make eager NVDA stock buyers think twice.
Some investments just look after themselves. They are “set it and forget it” kind of stocks. Typically they pay dividends because dividend stocks tend to be profitable businesses that have been through the mill a time or two. They want to share their success with their investors. The asset managers at Hartford Funds looked at
As 2024 unfolds, the investment world turns its eyes to the next potential trillion-dollar stocks. This prestigious club, currently home to six corporate titans, is a testament to market dominance. Moreover, these businesses are the beacons of economic success. Clearly, they are setting a high bar for entry into this exclusive group. The backdrop for
The internet makes it easier for people to communicate with each other and access relevant information. While the digital evolution has yielded many benefits, there are also many openings. Hackers exploit these openings to steal consumers’ information and sensitive documents from organizations. In the age of hackers stealing people’s information, the best cybersecurity stocks out
Investors need to understand and be able to steer clear of companies that have a poor future outlook. Whether from reduced financial guidance, overall financial instability, management issues, or relevancy surrounding their product and or services. Some companies struggle with the changing times, and investors don’t want to be aboard a sinking ship. These are
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
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