Advanced Micro Devices (NASDAQ:AMD) ripped higher after earnings beat expectations. Net income of $265 million, 69 cents per share when adjusted and revenue of $5.8 million were all pleasant surprises. Net income was more than double that of the first quarter. There’s more to come, according to the earnings release. Third quarter revenue was estimated
Stocks to sell
Earnings season for this year’s second quarter rolls on. And while the results have been largely better than expected, some prints have been real doozies. Certain companies have seen their share price fall by 15% or more in a single day after they delivered financial results and guidance than fell short of Wall Street expectations.
Make no mistake: it’s still a time when you should be thinking about which cannabis stocks to sell, not which cannabis stocks to buy. Yes, based on the sheer volume of public comments submitted to the Drug Enforcement Administration (DEA) in support of a proposed rescheduling of marijuana, U.S. cannabis legalization progress seemingly keeps moving
Market volatility has picked up significantly, with tech stocks (again) leading the entire market lower on Thursday, a day after recovering markedly from Wednesday’s losses. Indeed, it can be a rather stomach-churning experience to be invested in stock markets these days. With stocks kicking off August with a steep plunge, many beginner investors may be
Bloomberg’s Matt Levine summed up best in his July 17 opinion piece about Trump Media & Technology Group (NASDAQ:DJT) when he said that people buy Trump Media stock because it has “Trump” in the name. “Last quarter it had revenue of $770,500 from selling ads on its social media site, and its operating cash flow
For many investors, recognizing that a stock is overvalued can be a difficult task when the broader media is lauding its accomplishments. Yet a healthy bump in earnings or revenue can often translate into an overvaluation in a short amount of time. This has been especially common in the artificial intelligence industry, which has led
The electric vehicle industry is evolving significantly as it matures and more competition enters the fray. Consequently, we’re witnessing multiple dynamics play out, including pricing wars, the introduction of new models and technology enhancements. Only the most nimble and innovative will survive in such a hotly competitive industry. Unfortunately, for Lucid Group’s (NASDAQ: LCID) investors,
During his brief tenure as a Senator for the state of Ohio, Vice Presidential candidate JD Vance introduced the Drive American Act, which was intended to eliminate over $100 billion in existing electric vehicle (EV) subsidies and replace them with the America First Vehicle Credit to promote gas-powered vehicles made in the United States. Now,
Blue-chip stocks are household names that have been around for many years. While most blue-chip stocks have been around for decades, some of them have been in business for more than 100 years. Seniority usually results in more market share and makes it more difficult for competitors to enter the industry, especially when monopolies and
It’s been a very challenging month for cybersecurity stocks, to say the least. Despite projections that the cybersecurity market will grow to $562.72 billion by 2032, the industry is currently experiencing some turbulent times. On July 19, 2024, CrowdStrike Holdings (NASDAQ:CRWD), one of the major cybersecurity players in the industry, rolled out a faulty update
In general, I’m quite bullish on the healthcare sector. Many of the names in the space have extremely low valuations because a high percentage of investors irrationally believed that healthcare companies could never perform well when interest rates were high. What’s more, a multitude of firms within the sector should be helped by lower interest
As tech stocks find support after the sector’s recent slump, the latest Tesla (NASDAQ:TSLA) tumble has ended. Tesla stock is now holding steady at around $230 per share. So, is it time to “buy the dip?” Not so fast. Who’s to say that the dust has finally started to settle? Yes, “Robotaxi Day” and other
Index funds that follow popular benchmarks like the S&P 500 and the Nasdaq Composite have delivered impressive returns for long-term investors. However, the Russell 2000 is a different story. To be fair, this index hasn’t exactly lost money. It’s up by 12% year-to-date due to a July rally bringing it up from breakeven. However, the
Investors are getting excited about the changing monetary policy outlook. Fed Chairman Jerome Powell recently signaled that interest rate cuts are likely coming as soon as September. In theory, this could be great news for industrial companies. But we shouldn’t lose sight of why the Fed is starting to pivot on its monetary policy. Now
Qualcomm (NASDAQ:QCOM) made a relatively successful stock trade in 2024. Toward the middle of June, Qualcomm’s shares rose as much as 58.5% for the year. A sustained technology sector rally, as well as the inroads the semiconductor firm has made in artificial intelligence, were just a couple of the reasons QCOM has enjoyed a healthy
Things are getting difficult for technology stocks. The rotation of investor capital out of the mega-cap tech names that led the market rally in the year’s first half is accelerating. Now, disappointing earnings reports from several high-profile technology concerns are exacerbating the selloff, highlighting tech stocks to sell. Microsoft (NASDAQ:MSFT) just released its second-quarter print
Recent movie news bodes well for AMC Entertainment (NYSE:AMC) stock as it reports earnings on Aug. 2. Although it released preliminary results last week, this could be a case of “buy the rumor, sell the news.” Disney (NYSE:DIS) has three certified movie hits on its hands. Inside Out 2, Despicable Me 4 and now Deadpool
Nasdaq is one of the world’s most active stock exchanges. The exchange takes pride in only allowing companies that meet its stringent requirements, including an aggregate earning of $11 million over the last three years and no net loss. Further, companies pay less to get listed on the Nasdaq than on the NYSE, making it
S&P 500, the U.S. stock market benchmark index, has been undergoing a correction phase recently, accompanied by several stock downgrades. According to Wells Fargo (NYSE:WFC), the stock market is expected to face an additional 2% downside risk based on the current technical levels and market conditions. The S&P 500 is hovering around its 50-day moving
Artificial intelligence is all the rage these days, there’s no arguing that point. As research cited by Bloomberg pointed out, the field of generative AI could become a $1.3 trillion market by 2032. I don’t generally use Wikipedia as a source. Roughly speaking, though, a valuation of over $1 trillion would put you into the
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