The stock market has entered a bit of a pullback over the past few weeks. That’s not too surprising, given the vigorous gains that the market enjoyed in the first half of 2023. That said, for investors in momentum stocks, there are still some appealing picks for August 2023. These three undervalued momentum stocks are
In this article TGT GEHC MRCY A HRB TJX Follow your favorite stocksCREATE FREE ACCOUNT Plastic bags hang on a self checkout kiosk at a Target Corp. store in Chicago, Illinois. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Target – Target shares added 4% even after
In June, I introduced five stocks that AI predicted could double a portfolio in a year. Here’s how they’ve done in the first month. Applied Digital (NASDAQ:APLD). +8.8% Fastly (NYSE:FSLY). +16% Mobileye (NASDAQ:MBLY). 12.3% FiscalNote Holdings (NYSE:NOTE) +4.4% Cloudflare (NYSE:NET). +4% On average, the stocks have risen 9.1%, an incredible 184% annualized rate of return!
The stock market has staged a remarkable rally so far in 2023. But here’s a question for you: What do this year’s biggest stock winners have in common? Most of them have been the result of a short squeeze. A short squeeze happens when investors bet against a stock, “shorting” it. Then something unexpectedly good
The hunt for the next game-changing stock is a challenging pursuit. It is essential to filter compelling fundamentals to select a few companies that may emerge as potential millionaire-makers. This has led to the rise of millionaire-maker stocks to buy. The article lists three robust stocks and explores these companies’ unique strengths, decisive strategies, and
If you are a public equities investor betting on the digital economy, semiconductor stocks would have to be in your portfolio. Semiconductors are tiny electronic devices powering everything from our smartphones and personal computers to cars and commercial airplanes. If you take any run-of-the-mill semiconductor exchange-traded fund (ETF), say, the iShares Semiconductor ETF (NASDAQ:SOXX), many
Let’s face it; investing has us often peeking over the proverbial fence to see where the grass might be greener. Many gold standards of “green” can be found by tracking stocks billionaires are buying. With the power of the Internet and mandated Form 13F disclosures, anyone can delve into the top stocks to buy what
Summer’s ending and school is right around the corner. From elementary entrants to grad students, learners of all ages and types are ready to hit the books and call an end to summer break. These students, and their parents, are facing a much different economy than expected this time last year. Good news for investors,
Cathie Wood had a rough few years. Her flagship fund, the ARK Innovation ETF (NYSEARCA:ARKK), hit an all-time high of $156 in 2021 before crashing back to Earth. The ETF is down 70% since then, and many of her other actively-managed ETFs suffered the same fate. Today, the same investors championing Cathie Wood’s stock picks
Short squeeze stocks rally as a quick money-making mechanism came into the limelight during the meme stock euphoria of 2021. Investors targeted stocks that had high short interest as a percentage of free-float. The initial rally was exaggerated by a short-covering rally and speculative stocks skyrocketed. Of course, the markets are nowhere near the euphoria
It has been an ugly summer for many solar stocks, as high U.S. interest rates dealt a considerable blow to the U.S. residential solar market, excluding California. As a result, since peaking in July, the Invesco Solar ETF (NYSEArca: TAN) has sunk nearly 15%. Still, about 20 gigawatts of solar power were installed in American companies and homes last
Cloud computing undergirds, in one way or another, everyone’s digital life. Whether you are accessing a piece of content on a video streaming platform or uploading documents for work, you are interacting with a network of cloud servers. Being able to store data on a server somewhere else rather than leveraging on-premise infrastructure has tremendously
I’ll start by noting that I’m by no means a critic of the cryptocurrency market in general – although some cryptos I believe investors should sell. The promise of decentralizing authority connected to finance and money is as appealing to me as it’s ever been. The more one learns about traditional finance the more apparent
In this photo illustration, a Target logo is displayed on the screen of a smartphone. Sheldon Cooper | SOPA Images | Lightrocket | Getty Images Check out the companies making headlines before the bell Target – Target shares popped nearly 8% before the market opened even as the retailer slashed its full-year forecast and posted
Financial Technology (fintech) stocks have come to revolutionize the financial industry. With all their improvements, technology and sophisticated yet simple processes, they undoubtedly offer all consumers friendly, efficient, fast and completely effective tools to carry out all our banking needs. However, the companies did not come to displace traditional banking. Instead, they complemented those financial
Contrary to what we’ve heard about a lot of bis stocks topping out, now is a great time to find undervalued large-cap stocks. The S&P 500 stalled as August came around. After rallying 20% higher over the first seven months of 2023, the index of the 500 largest stocks on the market is down 2.5%
If you found yourself indulging a bit more this summer, take solace that you’re in good company. Indeed, our collective spending spree has shone a spotlight on the best consumer stocks to buy, a category that, while having faced the bitter brunt of 2022’s bear market, has made a triumphant return this year. The resurgence
Since reporting quarterly results at the end of last month, SoFi Technologies (NASDAQ:SOFI) stock has delivered a mixed performance. After surging immediately after the fintech firm’s latest earnings report, SOFI stock has since pulled back into the single-digits, and is still trending lower. Yet while this may frustrate those who have entered a position recently,
In my last article on QuantumScape (NYSE:QS) stock, I discussed what caused it to make such a sharp whipsaw move post-earnings, and why the reason behind its latest price action was a sign to sell ASAP. Since then, shares have continued to move lower, as investors reconsider their view on the early-stage electric vehicle battery
As the stock market is showing an unexpected pattern, investors are on the hunt for hidden-gem stocks that hold the potential to break free from the pack and deliver substantial gains. Amidst the noise of popular market giants, a select group of under-the-radar companies is quietly positioning themselves for exceptional growth in the coming years.