The benefit of investing in undervalued stocks below $5 is the opportunity for outsized gains. However, these stocks are often high beta stocks. This means their price action is not highly correlated with the broader market. Sharp moves in one way or another are common. Indeed, undervalued stocks can be part of a long-term investment
In this article JWN Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines in extended trading on Thursday. Customers walk through a shopping mall along the Magnificent Mile in Chicago, March 15, 2023. Scott Olson | Getty Images Affirm Holdings — The stock added 10.8% after its quarterly results came in better than
Weakness is quickly becoming an opportunity in lithium stocks. For one, most are now technically oversold. Two, with accelerating demand and lithium prices, related stocks could easily bounce back. Also, thanks to growing demand, companies like Exxon Mobil (NYSE: XOM) are jumping into the lithium boom. In fact, XOM just started actively exploring the market
The stock market recovered nicely from last year’s debacle. The Nasdaq Composite Index in particular went from a 34% loss in 2022 to a 29% gain so far this year. Yet even with all the major indexes trading higher than they were at the start of the year, The Dow Jones Industrial Average, S&P 500,
The growth potential in the augmented reality market has become increasingly apparent. As evidence of this, major corporations have rebranded, announced AR/VR headsets, and made efforts to snap up digital acreage. Firms are clearly invested in the potential of the AR market for growth. Investors should be too. In fact, we’ll speak about a few of the
For investors seeking opportunities, undervalued robotics stocks offer potential for significant gains in a rebounding high-growth sector. Depressed valuations have been driven by tech sell-offs due to rising rates and macro uncertainties. This presents a chance to invest in innovative robotics companies at appealing prices. In the vast tech sector, robotics firms play a pivotal
The year 2021 was the time of the meme stock. Companies like GameStop (NYSE:GME) saw their share prices surge to previously unthinkable heights as traders leaned heavily into short-squeeze stocks. That momentum rapidly cooled in 2022, with meme stocks plunging across the board. However, short-squeeze stocks are back in 2023. As of August 23rd, approximately
Choosing a promising cryptocurrency amid thousands can be daunting. Indeed, most investors look at top options such as Bitcoin (BTC-USD) or Ethereum (ETH-USD), with these cryptos usually providing enough diversification over the long term. Keep in mind that both Bitcoin and Ethereum are massive in size. While that doesn’t mean they can’t grow immensely from here, those with a
Winners and losers emerge from every earnings season. And this year’s second quarter has been no different. Some stocks such as Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B) and Amazon (NASDAQ:AMZN) catapulted to 52-week highs on strong Q2 prints. Other stocks have sunk to fresh 52-week lows on disappointing financial results and downgrades to their forward guidance. Analysts
The broad tech market may have seen its heyday come and go post-pandemic. Today’s investors are skittish about high-flying growth opportunities amid promising 5% yield on savings accounts and Treasuries. But surprisingly, parts of this year saw rallies and resurgence for a core selection of tech stocks, mainly driven by artificial intelligence (AI) exuberance. That
When it comes to AI chip stocks, there are plenty of imitators. As a result, it makes it very difficult to know which ones to buy and hold through thick and thin. Some AI chip stocks are easy to identify as millionaire makers. The leader of the pack is Nvidia (NASDAQ:NVDA). Cathie Wood sold too
Flying taxi stocks are no longer in the realm of our futuristic dreams. Debut liftoff is sooner than you might expect. With potential returns that could soar to the skies, the demand for these stocks is ramping up. Savvy investors are already looking for the best flying taxi stocks to buy and reap massive rewards.
Humanity has long sought to reach the final frontier. The allure of space is unmistakable. And space stocks are now in the news. After many years of slow progress in terms of space exploration, things are back on the upswing. Thanks to the investments of billionaires such as Elon Musk and Jeff Bezos, the industry is powering
As we enter the final months of 2023, the stock market continues to face headwinds. Inflation remains stubbornly high, the Federal Reserve is still on its rate-hiking path, and recession fears linger. But there are always opportunities for savvy investors, even in turbulent times. And right now, some of the best opportunities can be found
In a bear market, investors tend to be over-cautious. Even fundamentally strong undervalued stocks are ignored. However, when market sentiments change, purely speculative stocks tend to get the spotlight. Even if the stock trades at crazy valuations. The S&P 500 index has been trending higher year-to-date. With the rate hikes largely done and the U.S.
The stock market is sliding lower in August, and volatility has returned to equities. So what’s an investor to do? The best defense in times like these is to put capital into reliable blue-chip stocks. These stocks of established, profitable companies generate plenty of free cash flow and have a proven track record of rewarding shareholders through stock
AI stocks have been on fire all year long. And Nvidia (NVDA) – the leader of the AI Revolution itself – just confirmed that AI stocks will stay red-hot for several years to come. Last night, the leading chipmaker reported grand-slam earnings results, powered by seemingly unstoppable demand for its AI chips. Revenues topped expectations
In this article ADSK DG AMD MRVL Follow your favorite stocksCREATE FREE ACCOUNT Nvidia’s A100 GPU, used to train ChatGPT and other generative AI, is shown at the demo center of Nvidia’s headquarters in Santa Clara, California, Feb. 9, 2023. Katie Tarasov Check out the companies making headlines in midday trading. Nvidia – The chipmaker’s
United States productivity increased by a 3.7% annualized rate in Q2 2023. Michael Feroli, Chief U.S. economist at JPMorgan (NYSE:JPM), wrote that expectations for a strong boost in the three-month period “offer glimmers of hope that trend productivity is picking up,” as rising investment in software and information processing will boost growth for the economy.
Fear is back in the air. On August 8, 2023, Moody’s rating agency downgraded central U.S. banks due to weaker profits and increased funding risks. These include mid-sized to large banks like Citizens Financial Group (NYSE:CFG), Commerce Bank (NASDAQ:CBSH), States Street Corp (NYSE:STT), and Ally Financial (NYSE:ALLY). In addition, Moody’s (NYSE:MCO) also stated that they’re reviewing