EV charging stocks have not participated in the year-to-date broad market rally. The reason is intensifying competition and sustained cash burn. I, however, believe that several EV charging stocks are deeply oversold and poised for a big reversal rally. In addition to the valuation factor, business developments for several EV charging companies have been encouraging.
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It’s almost impossible to time the markets, but history tends to rhyme. The best strategy is to sell in times of euphoria and buy when fear is the dominant sentiment. The market correction in 2022 translated into a big correction for growth stocks. The tables have turned in 2023 with several growth stocks skyrocketing. I
The year 2021 was a boom for the online payments industry, as the world rushed to adopt digital commerce solutions. Since then, payment stocks have plunged in value as business momentum slowed. But investors shouldn’t throw out the baby with the bathwater. Online commerce will continue its inexorable growth, albeit perhaps at a slower rate,
“Social media is the ultimate equalizer. It gives a voice and a platform to anyone willing to engage.” –Amy Jo Martin This has not been a healthy market by any means. As I’ve noted numerous times, the vast majority of stocks have performed sub-par in what is otherwise supposed to be a strong year given
Traders work on the floor of the New York Stock Exchange, July 12, 2023. Brendan Mcdermid | Reuters Check out the companies making headlines in midday trading. Oracle — Shares dipped more than 12% a day after the software company posted disappointing earnings and revenue guidance for its fiscal second quarter. Oracle’s revenue, which came in at
American parents spend a lot of money on back-to-school shopping. The National Retail Federation forecasts that parents in the U.S. will spend a record $41.5 billion on back-to-school shopping in 2023. Individually, parents will shell out an average of $895 each getting their kids ready to return to the classroom, with clothes and electronics comprising the
Investing in biotech stock can provide investors with immense rewards but also substantial risks. The key is finding the right balance. With diligent research, it’s possible to identify promising companies that appear undervalued relative to their blockbuster prospects. Their innovative therapies could be game-changers, and clinical trial successes could lead to surges in share price.
A new month arrives and with it comes new investment opportunities. We will not always need such a large capital to make our investments, for these penny stocks present us with good opportunities that we can take advantage of, with little capital but perhaps with great returns. This has led to the rise of the
The world’s rapid transition to renewable energy and the electrification of transportation will require it to utilize certain metals on a much wider scale going forward. For the purposes of American stock investors, it’s most noteworthy that the amount of copper, silver, and lithium extracted and used will have to surge tremendously. This has led
In the stock market, investors constantly seek opportunities promising substantial investment returns. Amidst this quest for profitable prospects, three companies listed in the article have emerged as prime candidates poised for explosive growth. These companies are rewriting the rules in their respective domains. They are making waves with their visionary approaches and unwavering commitment to
Safra Catz, CEO of Oracle Corporation, rings the opening bell at the New York Stock Exchange (NYSE) in New York City, U.S., July 12, 2023. Brendan Mcdermid | Reuters Check out the companies making headlines before the bell Oracle – Shares fell 10% before the opening bell after the company posted weaker-than-expected revenue and revenue
In 2023, Chinese stocks have massively underperformed in developed markets contrary to expectations. Investors anticipated a lift from economic growth after the end of the COVID-19 lockdown measures, but this has yet to materialize. Instead, the Chinese economy has been weak and government efforts to stimulate the economy are failing. While China’s economic weakness has
Navigating the stock market’s tumultuous seas is daunting. One moment, you’re riding the wave of a booming tech stock. Next, you’re being pulled under by an unexpected market downturn. But amid the ebb and flow of market trends, there lies a treasure trove of opportunities. One sector making waves lately is the metaverse. Undervalued metaverse
It hasn’t been a great year for finding the best utilities stocks to buy. It has been the sector laggard of the S&P 500 which has grown more swiftly than many expected. That’s a consequence of the explosive growth of AI and a story for another time. The point is, that there’s a contrarian opportunity
The S&P 500 index has trended higher by 16% for year-to-date. The rally has been more pronounced in growth stocks. It’s also likely that the index will continue to trend higher as economic headwinds ease. In the current rally, there are blue-chip stocks that have skyrocketed. As an example, Nvidia (NASDAQ:NVDA) stock has delivered year-to-date
The future of electric vehicles is becoming more certain. However, EVs still make up less than 10% of all vehicles sold in the United States. While EV adoption is not happening as fast as many investors would like, it does offer the opportunity to build a position in the companies that supply the EV industry.
JOBY Aviation (NYSE:JOBY) is a leader in electric vertical takeoff and landing aircraft, making waves in air mobility. This flying car stock, now around $7.31 per share, offers long-term growth in the emerging air taxi market. That said, Joby can be the next big thing for investors looking to capitalise on the future of transportation.
The banking sector is not completely out of the woods from the industry crisis experienced earlier this year, but if you are a value investor, this works to your advantage investing in bank stocks. A myriad of concerns, including the steep rise in interest rates (affecting the value of bank loan and bond portfolios), big
Over the next decade, global leaders want to put millions of electric vehicles on the roads. President Biden, for example, wants 51% of all new autos to be electric by 2030. Even the International Energy Agency believes we could see EV sales reach 14 million this year from 10 million in 2022, creating an opportunity
Finding the best stocks to buy can be tricky. In the stock market, this year has been a beacon for those with a glass-half-full perspective. The optimism, however, comes with a pinch of realism. While we’ve witnessed an incredible performance across the board, it’s imperative to note that the three major stock indexes in the