Having nearly tripled in 2023, Palantir Technologies (NYSE:PLTR) stock looks to be on the right track, with more growth ahead. PLTR stock is up 185% over the past year and has now gained 98% since its initial public offering in October 2020, which occurred during the volatile pandemic stock market rally. Having survived the bear
Stocks to buy
In this world of speed and technology, tech stocks have become an important foundation stone for savvy investment portfolios. Stocks representing innovation and progress are a fertile field for investors looking to achieve growth. But with so many companies to choose from, how can one pick the best tech stocks? Such a conundrum frequently sends
Coming into 2023, most economic pundits were calling for a recession. However, a resilient economy proved the doubters wrong, leading to an impressive market performance, with the S&P 500 up over 20% year-to-date. Given the recent U.S. Federal Reserve pivot, this momentum might continue benefiting 2023’s top stocks. As we head into 2024, one of
The concept of a “metaverse” refers to a sophisticated, evolving virtual realm where users from the real world can engage dynamically with a digital environment alongside others. Investors are showing strong interest in metaverse stocks to buy in 2024, signaling potential growth. This increasing enthusiasm has significantly impacted the metaverse stock market with promising opportunities
Flying car stocks have great upside potential. And now could be a great time to purchase these shares. The broader indices still have the potential of a Santa Claus rally, moving closer to Christmas. So, the expectation is this momentum will continue into early 2024 and beyond. The companies selected to take advantage of this
Thanks to artificial intelligence (AI), automation stocks will in demand by investors throughout this year and into next. On December 11, Hollysys Automation Technologies (NASDAQ:HOLI) announced that it would be acquired by Ascendent Capital Partners. The latter is a privately owned Hong Kong investment firm. Ascendent is paying $1.66 billion in cash for the Beijing
We’ve all had the experience of emptying our pockets at day’s end to find a collection of coins. Sure, you could cash them in at a Coinstar machine for some bills. But what if that spare change could turn into something meaningful instead? True, the market certainly has no shortage of high-risk, high-reward stocks to
Medium-cap stocks, as the title of my article states, are indeed the “Goldilocks” of equities. That’s because small-cap stocks are prone to bankruptcies and thesis-shattering events, such as products that malfunction and new, ruinous competitors. Meanwhile, in many cases, it’s difficult if not impossible for large-cap stock to generate enough revenue to generate huge returns
After a very long time, we can see consumer sentiment finally improve. The Black Friday sales and the holiday season will help several e-commerce companies report strong sales and revenue for the final quarter of the year. As the economy improves, consumer spending improves and this means better numbers for e-commerce businesses. If you want
This is an interesting time to be investing in energy stocks. If you’re a frequent driver (who hasn’t switched to electric vehicles) you’ve surely noticed falling gasoline prices. Gasoline prices are actually down 19% from September and are at their lowest levels in 2023. Crude oil prices have been falling for seven consecutive weeks, hampered
In the dynamic stock market realm, the term “best meme stocks” transcends being a mere catchphrase, encapsulating a pivotal movement. Fueled by social sentiment, the recent documentary “Dumb Money” shed light on the remarkable retail trading surge of 2021, which left Wall Street pundits scratching their heads. Additionally, the impact of meme stocks has been
Businesses and consumers have used artificial intelligence (AI) before 2023, but ChatGPT’s launch thrust the technology into the spotlight. Many AI stocks led the stock market and outperformed major indices. Although AI stocks performed well in 2023, promising financials and tremendous runways suggest the rally can continue with plenty of AI stocks to buy for growth
Lithium stocks have been depressed through 2023 on the back of weakness in lithium’s price. And yet, the saying, “Be greedy when others are fearful,” perfectly fits lithium stocks today. Even at deeply oversold levels, buying interest has been relatively sluggish. However, I would recommend exposure to some of the best lithium stocks for multi-bagger
Dividend stocks are about to enjoy a renaissance. Just look what happened with Costco (NASDAQ:COST) last week – the warehouse giant announced a special $15 cash dividend and shares soared to new all-time highs. Some of the enthusiasm points to renewed confidence in the consumer staple stock based on the financial strength to offer the
The subscription economy is revolutionizing business models, fostering an environment where companies thrive on predictable, high-margin revenues. This innovative approach has seen a meteoric rise in recent years. Increasingly, enterprises globally are embracing this shift, looking to substantially improve their financial health and stabilize their top-line growth. Forecasts suggest the market could potentially reach a
Flying car stocks are booming among retail investors as the technology approaches full-scale deployment. Last week, the Japanese company NEC tested a passenger-carrying aircraft. The vehicle stayed airborne for a minute. But Japan isn’t the only country eager to launch passenger-carrying aircraft. Dubai, Singapore, and New Zealand are among other countries ready to get in
As we enter a new year, investors seek blue-chip stocks that will outperform the market. However, identifying these stocks won’t be an easy task at hand. After the 2022 bear market, large-cap technology stocks led the market rebound in 2023. Therefore, buying them at these levels may not be the wisest decision. There exists an
X marked the spot for investors on Monday. Shares of U.S. Steel (NYSE:X) surged more than 25% on the news that Japan’s Nippon Steel had agreed to buy the iconic Pittsburgh-based steel company for $14.9 billion. But what does the deal mean for other steel companies? Wall Street is betting on more upside for the
From monetary policy tightening in 2022 and 2023, the world is moving towards expansionary monetary policies next year. The Bank of America (NYSE:BAC) expects that central banks globally will cut rates 152 times in 2024. Besides excess liquidity potentially supporting asset markets, the likely rate cuts will boost global growth. I would therefore remain optimistic
Christmas has come early on Wall Street thanks to the U.S. Federal Reserve. The central bank’s last interest rate decision of 2023 delivered everything investors wanted to hear. The Fed held its benchmark interest rate steady in the 5.25% to 5.50% range and forecast three interest rate cuts in 2024. All three major U.S. stock