After a brief downturn to begin the year, technology stocks are once again rallying. Mega-cap tech stocks, in particular, continue to outperform the broader market. Many of the best-performing stocks of 2023 continue to post impressive gains at the outset of 2024. For example, shares of chipmaker Nvidia (NASDAQ:NVDA) gained over 10% so far in
Stocks to buy
During the AI rally last year, many leading AI stocks soared to dizzying heights, becoming some of the most expensive names on the market. Investors were willing to pay sky-high premiums for these high-flyers, with Nvidia’s (NASDAQ:NVDA) share price approaching $550 at its peak. Nvidia now trades at a whopping 30 times sales (higher than
In an appearance on CNBC on January 10, Josh Brown stated that, even if interest rates stay at their current levels, stocks can continue to go up. He noted that, in the past, equities have indeed climbed even as rates stay at their current levels. “In the 1990s, they were raising rates during a bull
Wall Street analysts tend to always look on the bright side of life. (Cue the Monty Python song). But even though bullish “buy” ratings for top stocks are far more common than tepid “hold” recommendations and the dreaded four-letter curse word of “sell,” there are some companies that analysts like more than others. How can
Investors could see their portfolios take off in 2024 by investing in leading flying car stocks poised for substantial growth. Projections hint at a potential $3.8 billion market by 2035 and an explosive $1.5 trillion opportunity circa 2040. Notably, publicly traded companies in the sector are crafting electric vertical takeoff and landing (eVTOL) vehicles, often
Microsoft (NASDAQ:MSFT) continues to dominate the tech sector, particularly in the realm of artificial intelligence. A leader in this field, Microsoft’s integration of ChatGPT across its services has been a major story, although its investments have not yet significantly impacted the top line for MSFT stock. The company is expected to be the next company
Some of the best meme stocks came into the limelight during the euphoric market rally in 2021. These stocks have gained significant attention on social media, which can potentially impact prices. During 2021, some of the best meme stocks skyrocketed and delivered multibagger returns in weeks. Of course, we are nowhere close to that bullish
Space is the final frontier. And thanks to technological advancements, ideas that were once science fiction are becoming increasingly possible. With billionaires such as Elon Musk and Jeff Bezos investing huge sums in space firms, the time is right for considering the best space stocks. It’s important to note that this in still an industry
Here’s a package deal you won’t be able to resist – and which you’ve probably never heard about before. Dorian LPG (NYSE:LPG) offers a great value and consistent dividend distributions to its shareholders. Plus, momentum-focused traders will appreciate LPG stock’s amazing performance over the past 12 months. Dorian LPG transports liquefied petroleum gas (LPG) through a
Alphabet’s (NASDAQ:GOOG, NASDAQ:GOOGL) Google Cloud, a burgeoning cloud-infrastructure segment, is poised for substantial growth with the integration of key AI services. The integration of generative AI search experiences not only enhances search revenue but also paves the way for diverse ad formats and placements, driving bid optimization for increased revenues. This will have important implications
Despite America’s elevated interest rates and high inflation since 2021, most wealthy Americans have managed to thrive in recent years. Stocks, white-collar salaries and home values have generally risen quicker than inflation and most homeowners are still locked into mortgages with very low interest rates. Meanwhile, lingering, unfounded concerns about a recession has left the
It’s been a tough ride for Intel (NASDAQ:INTC) stock over the past five years. But with the stock up 43% in the last six months, there now appears to be some light at the end of the tunnel. Despite a 61% year-on-year increase, the company’s share price is still 3% lower than five years ago,
After gaining by 81% last year, less stunning returns await Amazon (NASDAQ:AMZN) stock in 2024. Still, wouldn’t say that upside this year is insignificant. The company’s shares have significant upside potential. Yes, compared to most of the six other stocks that make up the “Magnificent Seven,” AMZN sports a fairly-rich valuation (57.3 times forward earnings).
You might never have considered owning shares of a company that’s known for making personal computers and printers. Yet, a legendary investor took a position in HP (NYSE:HPQ), so the company is certainly worth your attention. Besides, anyone who prioritizes a good value and generous dividends ought to take a look at HPQ stock. Furthermore, it
Lost in all the headlines about the Magnificent 7 companies was the previous gang of high-growth tech stocks known as FAANG. The acronym represents five well-known tech companies: Facebook, now Meta Platforms (NASDAQ:META), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Netflix (NASDAQ:NFLX) and Google, now Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). The term “FAANG stocks” was coined by Jim Cramer back
In 2018, Marathon Patent Group, initially accused of patent trolling, pivoted to Bitcoin mining, later rebranding as Marathon Digital Holdings (NASDAQ:MARA) in early 2021. Despite skepticism, a $2,000 investment on February 7, 2018, grew to $14,357 by November 2021 during the growth stock rally. Today, that investment would still be worth around $5,000. This may
With the Dow Industrial Average underperforming the S&P 500 in 2023, now is a great time to consider the best Dow stocks to buy. The Dow, a benchmark index of 30 prominent companies, is often a barometer for strength of the U.S. stock market. Identifying these great companies can provide investors with significant gains in
The financial markets in 2024 will be pulsating with transformative opportunities driven by companies poised to redefine industries. This is leading to several 2024 investment trends making themselves known, and several stocks gaining traction. Three distinct stocks illuminate diverse sectors, suggesting robustness, technological innovation, and strategic positioning. The first one’s astute market navigation in the
The global energy market remains volatile with several developments pushing it in different directions. Crude oil prices are down to start the new year on news of a sharp price cut by Saudi Arabia and a rise in production among members of the the Organization of the Petroleum Exporting Countries and its allies (OPEC+). The
The pet care industry went through a massive growth spurt during the pandemic when it seemed everyone had to own a companion pet. This lit a fire under pet care stocks. Sadly for the animals themselves, adults have grown tired of the idea of pet ownership or can’t afford the ongoing costs, and this has