Undervalued penny stocks offer savvy investors the chance to secure substantial gains. As we continue through September 2023 (where did the month go?), the penny stock arena remains filled with hidden gems trading at tremendously discounted levels. Snapping up the most undervalued penny stocks now positions you to reap massive rewards when their prices reconnect
admin
Growth stocks caught a break recently. The Federal Reserve has held the target range for interest rates between 5.25%-5.50%. It also signaled that Americans should expect an additional rate hike this year. Meanwhile, the Fed has also signaled that 2024 rates are going to be kept higher for longer. For investors, one of the more
The United Auto Workers (UAW) strike is expanding in a move that will surely hurt the U.S. economy and auto stocks as a whole. Investment bank Morgan Stanley (NYSE:MS) recently estimated that a full month of lost automotive production would cost General Motors (NYSE:GM), Ford Motor (NYSE:F) and Stellantis (NYSE:STLA) combined $7 billion to $8 billion
Joby Aviation (NYSE:JOBY) stock is making headlines as the company’s plans for an electric vertical takeoff and landing aircraft production facility in Ohio shake out. This might create thousands of jobs, allowing for the manufacturing of around 500 aircraft annually. This move signals the potential transformation of the “flying car” industry from sci-fi to reality.
In recent trading days, shares in Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL) have started to pull back. After climbing back to prices near $140 per share, GOOG stock has slipped slightly. This may be of concern to both investors holding the “Magnificent Seven” component’s shares, as well as those still deciding whether to enter a position. Yes, there has
Ford Motor (NYSE:F) may be making some progress in its negotiations with the United Auto Workers labor union, yet for the automaker and its two “Detroit Three” peers, General Motors (NYSE:GM) and Chrysler parent Stellantis (NYSE:STLA), the ongoing UAW strike remains a serious headwind. Beyond just causing operational disruptions in the near-term, this labor action
Enterprising investors might have their sights set on multinational specialty chemical and lithium company Albermarle (NYSE:ALB). They might consider ALB stock a worthy indirect wager on the electric vehicle market. However, there are reasons to be cautious, so think twice before considering a share stake in Albemarle. Don’t get the wrong idea here. We’re not saying
The success of Li Auto (NASDAQ:LI) stock in 2023 illustrates the chicken-and-egg question bedeviling the electric vehicle transition. In this case, the car is the chicken. Charging is the egg. Without reliable, plentiful charging, people are leery of buying fully electric cars. Without more electric cars, charging infrastructure can’t improve. Li has squared this circle
Nvidia’s (NASDAQ:NVDA) stock has surged 223% over the past year. This has led to a very high relative valuation, which may concern some investors. Indeed, trading at more than 100-times earnings and 33 times sales, NVDA stock appears overvalued compared to its 2022 levels. Now, for current NVDA shareholders, especially those who bought at the
At the end of last year there were plenty of stocks to buy for $20 a share. The S&P 500 ended 2022 down nearly 20%. The Nasdaq Composite index lost a third of its value. Finding bargain stocks wasn’t all that hard. It’s a different story this year with most indices well off their lows
Let’s face it, there haven’t been a lot of high-profile IPOs in 2023. Arm (NASDAQ:ARM) tried to spice things up. It started trading on Sept. 14 on the Nasdaq. Its shares closed its first day up nearly 25%. However, they’ve lost most of those gains in the days since, trading mere cents above the IPO
If Congress fails to reach an agreement before 12:01 a.m. on Oct. 1, the government will experience a shutdown since the current spending laws are set to expire on Sept. 30. As the possibility looms closer, President Biden and his administration officials have started to warn about the potential ramifications of a government shutdown. Notably,
Energy stocks are getting stronger as oil prices gush higher. Granted, 2023 didn’t begin as strongly for the sector with prices cooling. However, the pendulum is swinging back in the energy sector’s favor as oil prices again rise. High-yield energy shares – in this case, defined by being greater than 4.5% with the exception of two firms
Right now, 10-year Treasury yields are surging to record highs, moving from 4% at the end of August to 4.4% as of this writing. As a result, growth stocks have been under tremendous pressure. For instance, the ARK Innovation ETF (NYSEARCA:ARKK) is down -11%, and that’s just one example highlighting the deterioration in high-growth names.
In the wake of the Federal Reserve unveiling its monetary policy roadmap, investors are keenly examining which stocks to buy that stand to benefit. The Fed’s depiction was largely positive, though the anticipation of one more rate hike before year-end provides food for thought. It might be prudent for investors to brace for a prolonged
It’s no secret that tech stocks have dominated headlines and portfolios this year, often boasting eye-watering valuations. However, while many have been chasing after the latest and greatest, there lies a distinct opportunity in the sector. Of course, I’m talking about tech stocks nearing their 52-week lows. These are the innovators and disruptors that, for
Gold mining stocks, often seen as a safe harbor during turbulent times, are now positioned at a fascinating crossroads. The Federal Reserve’s steely determination to rein in inflation might intuitively spell trouble for precious metals. Yet, beneath the surface, multiple factors suggest that the glitter of gold could shine brightly in the near future. The
Homebuilding stocks, traditionally seen as indicators of economic health and consumer confidence, may currently be sending cautionary signals to discerning investors. The once-vibrant real estate market seems to be on a tenuous footing, with recent data suggesting potential headwinds. The National Association of Home Builders/Wells Fargo homebuilder sentiment index has provided a clearer picture, witnessing
It’s been a tough month for S&P 500 stocks. September slumps are common, and this month is historically the worst for the index. But new factors are emerging that could keep this month’s losing streak going. Inflation looks stickier than expected. The Federal Reserve just said interest rates will stay higher for longer. Consumer confidence is falling.
Cloud computing is the backbone of digital transformation in modern enterprises. It enables businesses to access, store and process data and applications over the internet, rather than on-premises servers. Cloud computing offers many benefits, such as scalability, flexibility, cost-efficiency and security. However, not all cloud computing businesses have been successful in 2023. Not only is