Most renewable energy stocks struggled in 2023. The iShares Global Clean Energy ETF (NASDAQ:ICLN), which holds some 135 different clean energy public companies, fell more than 20% in 2023. Similarly, the Global X Solar ETF (NASDAQ:RAYS), which holds about 53 different solar names, plummeted 38%. Elevated interest rates and relatively lower oil prices fomented an overall disinterest in renewable energy stocks, many of
There has been a significant correction in lithium prices in the last few quarters. This has translated into a deep correction for some of the best lithium stocks. I am of the view that this correction is a once in a lifetime opportunity to accumulate lithium names for the long term. There will be a
Following the meteoric rise of AI stocks in 2023, investors are searching for the next big winners in this space. While the leaders from last year may continue to appreciate, their days of 10x returns are likely behind them. Thus, for those in pursuit of life-changing wealth, we must look to the upstarts. You know,
The electric vehicle (EV) startup space is fraught with risk and uncertainty. The vast majority of U.S. EV startups are burning through cash at an alarming rate while struggling to deliver vehicles to market. Going up against established automakers with decades of manufacturing expertise and vast financial resources is a monumental challenge. However, a few
If timing entries are not your forte, having a shortlist of growth stocks to buy may be for you. Growth stocks offer some of the best returns in the market. For example, last year’s “Magnificent 7”, including Google, Meta, and Amazon, pushed the S&P500 to all-time highs. While that’s impressive, some investors might not want
Blockchain stocks stand on the cusp of a revolutionary leap, leading the digital era forward. Beyond Bitcoin’s (BTC-USD) 94% surge in the last six months, blockchain is reshaping industries with unparalleled transparency and efficiency. With its market value expected to soar from $4.8 billion in 2022 to $2.3 trillion by 2032, blockchain presents a compelling
Though it may not seem so, this year’s stock market trends have yet to materialize fully. Artificial intelligence drove 2023’s stock market trends; in years past, electric vehicles, meme stocks, and even blockchain tech drove market movements. And, of course, macroeconomic cycles and monetary policy shoulder their share of the burden when it comes to
In an age of analytics, analyst reports are sort of like a baseball player’s slash line. Knowing about stock upgrades and stock downgrades is an essential part of your research, but ultimately, they only tell you so much. That’s particularly true in volatile times such as investors have been living through for the last four
Some stocks have complicated bull cases, but that’s not really the story here with Marathon Digital (NASDAQ:MARA). In a nutshell, a continued Bitcoin (BTC-USD), coupled with the company’s efforts to produce more BTC at greater efficiency, bodes very well for the MARA stock outlook. I have laid out this bull case for Marathon in past
The cannabis sector has been relatively quiet lately. With federal legalization in the U.S. likely still years away, many investors have turned their attention elsewhere, leaving cannabis stocks to collect dust. However, just because the hype around cannabis stocks has faded, doesn’t mean there aren’t still some strong buying opportunities in this space. In fact,
The electric vehicle (EV) market is likely headed toward a slump in 2024. Interest rates remain elevated, and the Federal Reserve does not want to be hasty about cutting them either. Moreover, despite the economy performing better than many had predicted, consumer sentiment remains below where it was before the pandemic. Despite this, there are good reasons to invest in
Battery stocks play a critical role in the burgeoning EV revolution. Moreover, McKinsey’s’ forecast shows the battery market is expected to grow to a whopping $400 billion by 2030. This represents a hefty 30% bump from 2022, outpacing estimates and electrifying investor prospects. Amid a robust U.S. economy, the Federal Reserve’s current hold on rate
The positive future of the U.S. economy is evident as the Inflation Reduction Act (IRA) continues to drive economic growth. With over 272 new clean energy projects announced, the IRA is creating jobs, fostering innovation and providing investment opportunities, especially within hydrogen stocks. Despite political challenges, the transition to a more sustainable economy is already
During the week of February 12-16, we talked about three stocks to watch, Deere & Co (NYSE:DE), Coca Cola (NYSE:KO) and Airbnb (NASDAQ:ABNB), to gain insights into broader market trends and potentially benefit. As the earnings season peaks, we explore three stocks to buy this week, and we explain the reasons behind it. The relatively
The near- and medium-term outlooks for growth stocks have greatly improved in recent weeks. That’s because it appears that the Street has, at long last, realized that relatively small increases in interest rates don’t necessarily portend doom for all growth names. Providing evidence for this assertion, the interest on the ten-year Treasury Note had climbed
The 0.7% month-over-month increase in Americans’ spending at “restaurants and bars” last month was very encouraging for restaurant stocks. The data suggests that Americans continue to prioritize eating out even nearly two years after the lockdowns were terminated. One factor behind the latter trend may be the large emphasis that millennials and Generation Z tend
Al Jazeera has called 2023 “the year of the layoffs.” As the news organization pointed out recently, it started badly in 2023, when Salesforce (NYSE:CRM) cut 10% of its global staff. CEO Marc Benioff might be a big believer in stakeholder capitalism, but 2023 proved that even he wouldn’t stand for an excessive work force.
Biotech stocks, namely those involved with gene editing, have been explosive. Just look at CRISPR Therapeutics (NASADQ:CRSP), for example. Since late October, CRSP rocketed from about $40 a share to about $90.18. All thanks to positive US FDA and European Commission rulings on CRISPR’s treatments for sickle cell, and transfusion-dependent beta-thalassemia. Even shares of Beam Therapeutics (NASDAQ:BEAM) soared from about $17 to
Artificial intelligence (AI) stocks are a shining example of potential. They exist in the fast-paced world of finance. Here, data and insight are the driving forces behind the future. Today, we explore this possibility via AI stock forecasts. There is a particular emphasis on one of the most powerful AI models. This journey started with
Hydrogen is a volatile gas. When mishandled, hydrogen is flammable and can lead to deadly explosions. As an investment, hydrogen stocks have often proven similarly dangerous (metaphorically at least). Several leading pureplay hydrogen companies have seen their share prices implode over the past 24 months. Investors could be forgiven for overlooking the whole sector altogether.