I asked Bard for its prediction of the top 7 performing stocks for 2024. The results were interesting, to say the least. The AI service predicts that 2024 will be a lot like 2023 has been. In other words, tech firms are going to lead the market, and Bard expects that investors will see the
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With the world going green, hydrogen stocks will get explosive. We already know Goldman Sachs and Bank of America believe hydrogen could be an $11 trillion market. We know the Biden Administration just invested $7 billion into hydrogen hubs across the U.S. We also know the market could be worth $410.6 billion by 2030 from $242.7 billion today. Again, all
A recent article about bond king Bill Gross’ favorite banks got me thinking about large-cap stocks trading below book value. Gross liked these three bank stocks because they sold below book value and yielded 7% or more. The current price-to-book value ratio for the S&P 500 is 4.1, a multiple considerably higher than Gross’s bank
Electric vehicles are the future, but investing in this space is not as simple as it seems. The EV market may be booming, with dozens of new companies popping up every year trying to cash in on this mega trend. However, the reality is that only a handful of these players have what it takes
In financial markets, astute investors are always looking for under-the-radar stocks with the potential for explosive growth. In this era of sustainability, technological innovation, and diversified markets, three companies have emerged as compelling investment opportunities. The first stock, a clean energy pioneer, is strategically positioned to benefit from global interest in renewable energy. With a
Renewable energy stocks have taken a beating over the past year. This is due to a number of factors, including higher interest rates. And with companies releasing third-quarter earnings reports recently, the renewable energy sector has seen a number of missed profit expectations. For example, Enphase Energy (NASDAQ:ENPH) designs, develops and installs solar panels primarily for residential use. It
Investors face a complicated picture heading into the holiday season. War, inflation, high interest rates, and a potential recession are among the risk factors on the horizon. Many investors are understandably turning to fixed income and defensive stocks to ride out the current storm. By contrast, this is precisely the wrong time to be taking
In investing, finding the right stocks to buy can be a daunting task. But November 2023 offers a promising landscape for savvy investors. From streaming giants to semiconductor innovators, financial powerhouses to pharmaceutical leaders, and real estate moguls to entertainment behemoths, these seven bargain stocks are shaping the future with their growth strategies. Here, the
The price of gold is slightly below $2,000 an ounce and flirting with its all-time high of $2,074.88, reached in August 2020 during the depths of the COVID-19 pandemic. Gold has been marching higher in recent weeks following the outbreak of war between Israel and Hamas. The rising Middle East tensions are underpinning the price
The rollercoaster ride of the cannabis market has left many in the investing world dazed and confused. The sector’s volatility is marked by winds of optimism followed by spells of disappointment. Despite the industry’s volatility, though, hope hasn’t faded for the green gold rush that could follow full legalization. Yet, a nagging concern of overbought
This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here. Last week, I wrote about five AI stocks to buy for dependable 2024 returns. Our writers at InvestorPlace.com and I picked these elite stocks for their wide economic moats, innovative uses of artificial intelligence,
Overlooking the rapid growth potential of e-commerce might leave some investors feeling out of step, perhaps even a bit behind the curve. While general consumer behavior has stabilized post-pandemic, e-commerce spending is expected to continue trending up. The goal for prudent investors is to smartly engage with top e-commerce stocks, which are likely to benefit
AI stocks have been the most critical sector in 2023. Early investments in leading chipmakers have provided the most substantial returns. Generative AI is a hot topic as it is highly applicable to business and continues to promise to revolutionize efficiency and costs. That said, the AI ecosystem is much more than chipmakers and generative
A few years ago, when the interest-rate policy was quite different, it might have made sense to invest in electric vehicle (EV) charging equipment provider ChargePoint (NYSE:CHPT). However, financial traders must adapt to changing environments. The current circumstances don’t favor a long position in CHPT stock. Now, I’m not suggesting that ChargePoint is a terrible company or anything
Bankruptcy filings are on the rise. As the economic good times of the past few years are seemingly drawing to a close, it’s creating trouble for many publicly traded companies. Retail companies have been particularly hard hit. Firms such as Bed Bath & Beyond, Party City, and Rite Aid are among those that have already filed for bankruptcy and had
AMD (NASDAQ:AMD) just delivered yet another strong earnings beat yet provided typically cautious guidance looking ahead once again. Meanwhile, major AMD stock rival, Nvidia (NASDAQ:NVDA), has been posting blowout results fueled by rampant AI chip demand and giving bold projections for massive growth ahead. In my view, AMD now looks like the superior chip stock to
Are Apple’s (NASDAQ:AAPL) best days behind it? That question is hotly debated by analysts, investors, and media commentators after the consumer electronics giant posted a fourth consecutive quarter of declining sales for its devices, including the iPhone and MacBook computer. Things are looking dicey for APPL stock. However, reports of Apple’s demise are overblown. Look
Few stocks in this market get so much love and deliver so little in return as SoFi Technologies (NASDAQ:SOFI). I plead guilty to that. I bought into the hype back in 2021, and I’m still in the red. But almost half the analysts at Tipranks who still follow SoFi have the buy light on SOFI
Meta Platforms (NASDAQ:META) promised a “year of efficiency” that included layoffs and other cost-cutting measures in 2023. The data suggests that Meta’s efficiency plan is working out well. Nevertheless, some shortsighted traders are selling META stock, but future-facing investors can pick up those shares at a nice price. In addition, Meta Platforms is making an intelligent move
If global governments want millions of electric vehicles on the roads, EV charging stations are a necessity. As I noted on Sept. 7, “The Biden Administration has a goal of building out a national network of 500,000 EV charging stations. However, if the Administration wants to see higher EV adoption rates, those EV charging stations are