At the end of last year there were plenty of stocks to buy for $20 a share. The S&P 500 ended 2022 down nearly 20%. The Nasdaq Composite index lost a third of its value. Finding bargain stocks wasn’t all that hard. It’s a different story this year with most indices well off their lows
Let’s face it, there haven’t been a lot of high-profile IPOs in 2023. Arm (NASDAQ:ARM) tried to spice things up. It started trading on Sept. 14 on the Nasdaq. Its shares closed its first day up nearly 25%. However, they’ve lost most of those gains in the days since, trading mere cents above the IPO
If Congress fails to reach an agreement before 12:01 a.m. on Oct. 1, the government will experience a shutdown since the current spending laws are set to expire on Sept. 30. As the possibility looms closer, President Biden and his administration officials have started to warn about the potential ramifications of a government shutdown. Notably,
Energy stocks are getting stronger as oil prices gush higher. Granted, 2023 didn’t begin as strongly for the sector with prices cooling. However, the pendulum is swinging back in the energy sector’s favor as oil prices again rise. High-yield energy shares – in this case, defined by being greater than 4.5% with the exception of two firms
Right now, 10-year Treasury yields are surging to record highs, moving from 4% at the end of August to 4.4% as of this writing. As a result, growth stocks have been under tremendous pressure. For instance, the ARK Innovation ETF (NYSEARCA:ARKK) is down -11%, and that’s just one example highlighting the deterioration in high-growth names.
In the wake of the Federal Reserve unveiling its monetary policy roadmap, investors are keenly examining which stocks to buy that stand to benefit. The Fed’s depiction was largely positive, though the anticipation of one more rate hike before year-end provides food for thought. It might be prudent for investors to brace for a prolonged
It’s no secret that tech stocks have dominated headlines and portfolios this year, often boasting eye-watering valuations. However, while many have been chasing after the latest and greatest, there lies a distinct opportunity in the sector. Of course, I’m talking about tech stocks nearing their 52-week lows. These are the innovators and disruptors that, for
Gold mining stocks, often seen as a safe harbor during turbulent times, are now positioned at a fascinating crossroads. The Federal Reserve’s steely determination to rein in inflation might intuitively spell trouble for precious metals. Yet, beneath the surface, multiple factors suggest that the glitter of gold could shine brightly in the near future. The
Homebuilding stocks, traditionally seen as indicators of economic health and consumer confidence, may currently be sending cautionary signals to discerning investors. The once-vibrant real estate market seems to be on a tenuous footing, with recent data suggesting potential headwinds. The National Association of Home Builders/Wells Fargo homebuilder sentiment index has provided a clearer picture, witnessing
It’s been a tough month for S&P 500 stocks. September slumps are common, and this month is historically the worst for the index. But new factors are emerging that could keep this month’s losing streak going. Inflation looks stickier than expected. The Federal Reserve just said interest rates will stay higher for longer. Consumer confidence is falling.
Cloud computing is the backbone of digital transformation in modern enterprises. It enables businesses to access, store and process data and applications over the internet, rather than on-premises servers. Cloud computing offers many benefits, such as scalability, flexibility, cost-efficiency and security. However, not all cloud computing businesses have been successful in 2023. Not only is
There are already many pieces of the puzzle that point to volatile times ahead. Undoubtedly, volatility can be a trader’s best friend, but for investors, volatility paints a completely different scenario. It is true that in the world of financial markets we cannot guess the future. However, as good investors we can prepare ourselves for
A possible economic hurricane headed our way remains on the debate floor. Indeed, the yield curve is inverted and un-inverting, which is perhaps more worrisome. Inflation is still high, with interest rates likely to remain higher for longer. Many investors are searching for portfolio cushions such as top-tier defensive stocks that can withstand Category 5
Writing about travel stocks may seem odd at a time when inflation is on the rise in lockstep with rising oil prices. However, information from the United States Travel Association may make you reconsider. In July 2023, total travel spending came in slightly above (1.2%) 2022 levels for the third consecutive month and is
Feeling Fed fatigue? In the last year, stocks have been highly reactive to the Federal Reserve’s monetary policy shifts, which have overshadowed other economic factors. For many in the financial markets, the resulting volatility caused a fair share of ulcers that investors may be looking forward to moving past. With the Fed’s decision last week
Blue-chip stocks are an integral part of the portfolio. These holdings offer steady returns and regular cash flows in the form of dividends. Even if blue-chip stocks deliver annualized returns of 8% to 12%, it’s good to beat inflation and maintain the purchasing power of your money. However, for massive wealth creation in stock markets,
Crude oil has gone through extreme volatility in the last three years. From 2020 historical lows, crude averaged $100.9 per barrel last year. However, with monetary policy tightening and a global economic slowdown, oil traded at lows of $63 in March. After some consolidation, black gold currently trades at $90. Accumulating oil stocks now is
The world increasingly relies on the internet to store data, make purchases and communicate with friends. While the digital world has provided many benefits, it has also resulted in cybercrime. Sophisticated hackers use advanced tools and strategies to infiltrate databases and steal valuable resources. Cyberattacks have become common. Sadly, a single incident can wipe out
In the grand tapestry of global economies, China has established itself as a formidable titan, leaving onlookers in awe with its relentless expansion. True, the country has outpaced the global economic stage for a quarter of a century. By most accounts, China’s economy is navigating through turbulent waters. To illustrate, a significant slowdown in consumer
Once again, Washington D.C. is gridlocked. It appears highly imminent that the U.S. government will enter a fiscal shutdown. With wide-ranging implications for large portions of the economy, military and related defense stocks may be hard hit. Congress is scrambling to reach a deal which would prevent a government shutdown. But with major structural differences