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
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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
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
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.
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.
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.
Interestingly, interest rates are higher in the United States since the economy is much stronger than analysts’ and economists’ forecasts. Furthermore, unemployment is below 4%, the S&P 500 grew roughly 20% this year, and economists surveyed by the Philadelphia Fed stated that GDP is projected to grow by 1.6% in Q3 2023. The rise in
As traders continue to make millions from their mother’s basements by YOLOing Nvidia (NASDAQ:NVDA) calls, a lurking threat casts a long shadow over the global financial landscape. I have a lot of fun joking about the mania in NVDA stock on social media, but the truth is none of this will ultimately matter if I’m
Market volatility has struck again. Last week, U.S. equities continued their slide in August, leaving many market-watchers wondering whether or not equities in general had reached their peak. The attributed to this precipitous decline in share prices is most likely multi-faceted. There is the Federal Reserve, which still is not sure it will pause on interest rates
Jen-Hsun Huang, CEO, Nvidia David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in the premarket. Nvidia — The chipmaker popped 7% after reporting another blowout quarter that topped Wall Street’s estimates. Nvidia also offered optimistic guidance, saying that sales will jump 170% during the current period as demand for
Barron’s published an article in mid-August that discussed how the best employers are the best stocks to buy. Jefferies Financial Group (NYSE:JEF) analysis found that the stocks of the companies on the annual Fortune list of top 100 workplaces had consistently outperformed their peers since 1998 when the list was started. “Analysts led by Aniket
This might be the best time to dip your toe into solar stocks. Solar energy is one of the fastest-growing industries in the world, as more countries and companies invest in renewable sources of power to combat climate change and reduce their dependence on fossil fuels. According to the International Energy Agency, solar photovoltaic capacity
Quantum computing, a field that leverages the principles of quantum physics, has been steadily gaining traction over the years. Among the companies vying for dominance in this nascent industry, IonQ (NASDAQ:IONQ) stands out with its unique approach to quantum computing. Despite the compelling story painted by the company, however, investors should tread carefully with IONQ
Interestingly, artificial intelligence and big data solutions are integral to Palantir Technologies’ (NYSE:PLTR) stock as reliance on AI grows. This is a stock that investors would expect to outperform many of the AI-adjacent stocks that have rocketed higher this year. Since the introduction of ChatGPT in November 2022, AI stocks have surged in investor interest.
Earlier this month, I gave readers the rundown on Flexible Solutions International (NYSEAMERICAN:FSI) stock, an under-the-radar “green wave” play. With a low valuation, coupled with the company’s steady growth over the past few years, on the surface FSI stock appeared to be an opportunity worth exploring. After diving into the details, more stood out, suggesting that
Since offering a downbeat forecast early this month Advanced Micro Devices (NASDAQ:AMD) stock is down. AMD has a market cap of $174 billion, about 7.3 times revenue. Nvidia’s (NASDAQ:NVDA) dominance in the cloud, it seems, leaves AMD with only leftovers. Despite this, analysts like AMD stock almost as much as they do Nvidia, where sales
The one constant on Wall Street is change. Just over the past three years the S&P 500 has been a roller coaster ride. While the general trend has been up, much like the long history of the broad market index, it has definitely not been in a straight line. This causes analysts to constantly attempt
Cannabis stocks are far from creating sustainable values. There have been two instances when cannabis stocks have skyrocketed on hopes of robust growth and legalization in the last five years. However, the big rally has been followed by a deep correction. Having said this, I am bullish on a few cannabis stocks to buy and
Value stock strategist, Tracey Ryniec, discusses Brush Engineered Materials Inc. (BW) and DSW Inc. (DSW).