After enduring last week’s steep selloff, AI stocks are now roaring back to life, driven higher by strengthening fundamental trends. In fact, the Global X Artificial Intelligence ETF (AIQ) is already up about 8% off of last Monday’s lows. And we believe this is just the start of the AI Boom ‘reheating’ and AI stocks
Stocks to buy
On Monday, Aug. 5, stock markets went into a full meltdown, triggered by the release of a disappointing July jobs report. That was followed by a decision by the Bank of Japan to raise its short-term policy rate target to 0.25% from the range of 0% to 0.1%. The bank also announced a sharp decline
Turmoil in the market can put even the most seasoned investors at unease. Thankfully, several stocks for uncertain times can help weather the storm. These stocks show promise of stability, consistent returns and resilience during unfavorable market conditions. An uncertain economy, commonly referred to as a “bouncy” economy is when the future of the economy
Some of the best biotech opportunities can be found in oversold obesity treatment stocks. Look at Eli Lilly (NYSE:LLY), for example. The last time I mentioned LLY, I said, “Oversold shares of Eli Lilly could easily bounce higher on sales of its obesity drugs. And it could easily jump higher with its Zepbound drug being considered for
Thanks to the benefit of hindsight, the disastrous spell of the Covid-19 crisis represented the best time for airline stocks to buy on the dip. Obviously, that season has long passed. However, that doesn’t mean that the concept of acquiring temporarily undervalued air travel investments is no longer relevant. On the contrary, we could be
What exactly are people talking about when they mention meme stocks? It’s a surprisingly contentious topic, leading to bizarrely unnecessary vitriol on public forums and social media platforms. To avoid the drama, let’s just bring up one possible definition. According to global online trading and investment firm IG Group, a meme stock “is a publicly
New Citi price targets were recently released. Citigroup is one of the largest financial institutions in the world and has analysts who perform in-depth research on stocks. The company’s stock price targets can give investors an idea of what Wall Street thinks about a stock and how much upside or downside an investment might have.
Artificial intelligence may very well take over the world. However, like anything in the market, excessive hype can push valuations ahead of the sector. That appears to have been the case recently regarding the tech sector meltdown. Suddenly, the CBOE Volatility Index or VIX screamed higher, indicating fear in the market. But that could present
With the stock markets flinching, it’s the right time to look into some AI stocks to buy on the dip. This past week, we saw AI stocks selling off sharply. The leaders of last year’s surge in the Magnificent 7, saw trillions wiped off from their market caps. This downturn aligns closely with the outlook
As whispers of interest rate cuts circulate, the investment world is brimming with promise. While global markets have been on the edge, history tells us that the Federal Reserve typically saves emergency rate cuts for full-blown crises, like the 2008 meltdown or the COVID-19 shock. However, the recent uptick in unemployment has sparked significant concern regarding
Ongoing developments in next generation launch vehicles, as well as lunar missions, together with the rising interest of the private sector in space exploration, make space explorations stocks potentially lucrative targets for investors. The rivalry between the two global superpowers is growing ever more heated, and both the United States and China are pouring money
The stock market plummeted last week on fears of a recession. The S&P 500 tumbled more than 3% as investors fled former high-flying stocks. While the benchmark index did claw back all the losses to essentially breakeven by the end of the week, such wild swings could be a sign of a new, more sustained
A large majority of the companies have already reported second-quarter results. While we can call it a mixed earnings season, there are a few companies that beat expectations and reported record revenue and profits. These earnings winners have proved their strength and are ready for a stellar second half of the year. I’ve identified three
The majority of securities trading in trading in the U.S. stock market have experienced months of solid gains in a matter of several days. Since July 16, the stock market has tumbled, with a slight recovery in the last couple of days. At one point, the S&P 500 had fallen by 9%, and the Nasdaq
Finding underrated Nasdaq 100 stocks to buy in 2024 will not be a walk in the park. Although the index recently experienced a small dip, many of the companies are still extremely expensive. The Nasdaq 100 is an index comprising 100 of the top non-financial securities trading on the Nasdaq exchange. This means that only
Investment bank Wedbush may be best-known for its sell-side coverage of high-profile tech stocks like Tesla (NASDAQ:TSLA), but taking a look at the new Wedbush price targets, you’ll find that the EV maker is not on this list. Neither are many of the other well-known names in tech. Instead, with some exceptions, most of the
Alphabet stock (NASDAQ:GOOG, NASDAQ:GOOGL), the owner of the popular search engine Google, is amongst the leading companies in the global tech industry in the areas of online advertising, cloud computing and artificial intelligence. While the firm is operating in a world that is characterized by heightened legal risks and intensified competition, its capacity to innovate
Advanced Micro Devices (NASDAQ:AMD) stock is a buy after its second quarter (Q2) 2024 earnings. The company posted strong financial results, surpassing revenue expectations. The driving force was its record Data Center segment revenue and accelerated AI growth. Moreover, its Data Center segment revenue hit a record, driven by solid demand for Instinct GPUs and
Amid the AI boom, data centers are sending and receiving so much data that they are embarking on “the largest expansion of the internet in our lifetime,” Lumen Technologies (NYSE:LUMN) Chief Technology Officer Dave Ward recently said, according to Fierce Network. That makes the idea of finding the best fiber stocks much more appealing. Lumen,
Hydrogen energy has become a leading alternative energy source, especially with growing concerns about climate change and rising energy costs. While the developments on efficiently converting hydrogen to energy have been ongoing, we’ve seen companies continue to push to make this a leading energy alternative to combat carbon footprint and energy costs. As the market
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