As measured by the S&P 500, U.S. equities are up a solid 10% since January 1st. However, one segment hasn’t yet caught up to the running bull market: the penny stock sector. The Russell 2000, a reasonable proxy for penny stocks to buy, returned just under 3% over the same period. But that may soon
Stocks to buy
Despite significant challenges, the U.S. economy has showcased remarkable resilience. Fears of an imminent recession have been allayed by two consecutive quarters of robust GDP growth exceeding 3%. Consumer stocks remain strong, with record-high household net worth and solid personal income growth. Looking ahead, the Fed’s cautious approach reinforces confidence in the future of the
As one of the top hot AI stocks. Nvidia‘s (NASDAQ:NVDA) epic rally continues. Many investors may wonder where the puck could be headed next in the artificial intelligence (AI) scene. At this pace, it may not be long until the AI chip giant becomes a $3 trillion company. Just how much room does the firm
While there is no way to predict how the market will move, there is always a search for the holy grail. Some stocks have proved their strength that they can multiply returns. These time-tested blue-chip stocks to hold are worth adding to your portfolio if you are looking for long-term growth. These blue-chip companies have
Overall, the sentiment for the electric vehicle (EV) sector has turned from significantly positive to negative. The obvious reasons include competition and macroeconomic headwinds. As a result, there are multiple undervalued ideas from the sector. The battery companies form an important part of the industry, and this column discusses three underrated battery stocks with massive
When assessing the viability of contrarian stocks, it’s generally better to go against the crowd, not against analysts. Retail investors can sometimes get sucked into groupthink. However, analysts peg their reputations (and their livelihoods) on their calls. So, they don’t usually make reckless recommendations. Further, when an analyst issues a sell rating, that almost always
Cyberattacks are increasing in sophistication and frequency. CrowdStrike’s (NASDAQ:CRWD) 2024 Global Threat Report highlights a concerning increase in covert activity within the cyber threat environment, with a notable surge in cloud incursions by 75%. In the middle of these increasing attacks, cybersecurity stocks rated a strong buy offer healthy sustainable growth for prospective investors. These
This year has started on a highly optimistic note, and we are seeing the results in the stock market. The Nasdaq is on a spree and has hit a new high for the first time since 2021. That means the bull run has already begun and we should be ready for surprises. The rally is
Despite enthusiasm from Mark Zuckerberg that ultimately led to the rebranding of Facebook into Meta (NASDAQ:META) in late 2021, the metaverse’s time in the limelight was short-lived before a generative artificial intelligence (AI) boom in 2023 drove investor sentiment elsewhere. Another confounding factor surrounding metaverse hype was the primitive technology being showcased as a “groundbreaking”
Money managers are dumping Nvidia (NASDAQ:NVDA) stock. With shares already up 90% in 2024 and having more than tripled over the past year, the chipmaker is getting pricey. While tremendous growth potential remains for its business, NVDA stock’s valuation suggests it is grossly overvalued. By how much? When companies use free cash flow (FCF) to
Many corporations are investing heavily in artificial intelligence (AI). The technology is helping people become more productive and access more information. Investors can capitalize on any industry that is drawing more capital for themselves. Investors have caught on to the AI boom. Corporations can see nice boosts in their stock prices just by mentioning the
The artificial intelligence trade shows no signs of cooling off. At least not yet. While some analysts on Wall Street are saying that a bubble has formed in stocks associated with AI, demand for the technology continues to soar and is likely to drive earnings in coming quarters. That said, pretenders have emerged in the
Some of the market’s favorite biotech stocks have created immense wealth, as in the recent weight-loss drug stock boom. On May 26, Viking Therapeutics (NASDAQ:VKTX) was trading around $20.25. Today, after hitting a high of $99.41, it trades at $69.55 – again – an impressive opportunity. Or, look at Eli Lilly (NYSE:LLY). In May 2022, it traded near $375. Now, after
Let’s keep it real in this joint – you should generally avoid stocks under $1. Yes, they’re “cheap” but that’s not necessarily a good thing. It’s like buying $3 sushi at the local service station. In other words, I wouldn’t do it. Fundamentally, you’re almost certainly dealing with an exponentially higher-risk profile when it comes
If you’re searching for explosive stocks, you’re probably intrigued by that enticing title – who wouldn’t want to turn a modest $10,000 investment into a cool million dollars by 2030? But before chasing the latest hot stock, it’s important to understand the risks of betting on short-term surges versus the rewards of buying quality for
Space stocks may have fallen back to earth. But a select few still offer out-of-this-world opportunities. Look at Intuitive Machines (NASDAQ:LUNR), for example. On the news it landed a spacecraft on the moon, and the stock rocketed from about $3 to a high of $13.25. Now, back to $6.40, it’s still a hot opportunity worth buying. Even better, UBS analysts say
Investors got a good case of whiplash over the past four years. The pandemic crash of 2020 brought a decade-long bull market to a screeching halt. However, the spin-up into the revenge-buying bull market of 2021 soon followed. A bear market followed again the next year, only to be gored by another bull run higher
Thanks to the surge in interest in AI stocks, 5G has moved out of the spotlight. You don’t see as much interest in strong buy 5G stocks as you did a few years ago. However, that doesn’t mean there aren’t opportunities for 5G as it rolls out worldwide. CNBC recently reported that even though telecoms
You don’t have to be a sports fan to own sports betting stocks. You just have to do the math. This year, an estimated $2.72 billion is expected to be spent on the NCAA Men’s and Women’s March Madness basketball tournaments. According to the American Gaming Association (AGA) that’s more than twice what is bet
The banking sector is a cornerstone of a healthy economy, and cheap bank stocks present an enticing opportunity for discerning investors. However, with numerous players in the field, choosing the right ones for your portfolio requires careful consideration. While the failure of some regional banks has cast a shadow over the industry, several key players