In November 2023, identifying lucrative investment opportunities can be challenging. Despite average business fundamentals, speculative stocks often rebound robustly from oversold levels. This occurs particularly with high short interest, leading to significant short-covering rallies. However, for investors maximizing upside potential amid market rally, it’s preferable to seek more stable ways to ride this trend. These three
Stocks to buy
After dropping to 52-week lows, the markets have been rallying lately. That has traders and investors scrambling for cheap stocks under $20 to buy. This bullish sentiment comes amidst a backdrop of sticky inflation and interest rates that are likely to remain elevated for some time. And another factor is the geopolitical events which include
If electric vehicles (EVs) are ever going to fully transform the auto industry, they’re going to need good batteries. The biggest knock on the sector is the limited range and long charge times required for existing battery technology. EV battery stocks are developing the next generation of batteries, but it won’t be quick or smooth.
Could Block (NYSE:SQ) stock be a hidden pick that the market largely ignored in 2023? It’s definitely possible as some of Block’s key results, along with the company’s forward guidance, indicate notable growth. Block owns the Cash App, which is mainly geared toward consumers, and the Square platform, which is more merchant-facing. Block also has a cryptocurrency
This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here. In August, I wrote about five meme stocks to sell immediately. My MarketMasterAI system was flashing warning signals like a hyperactive lifeguard on duty, telling everyone to get out of risky stocks. The artificial
With increasing unpredictability, a cautious approach is becoming more common among growth investors. Despite these challenges, the following, three analyst-recommended growth stocks could potentially increase three to four times over the next decade. This will present a compelling opportunity for investors seeking substantial profits. Moreover, in a market clouded by economic uncertainties, the top growth
Investing in long-term stocks as a 30-year-old is a tricky proposition. On the one hand, you’ve likely got something close enough to a disposable income that you can afford to sock away extra cash into retirement accounts or a taxable brokerage. On the other hand, you’re likely more risk-averse than you were in your 20s.
Bloomberg published an article in early November about RTX Corp. (NYSE:RTX) selling $6 billion in investment-grade bonds over various durations to help repay a short-term loan it got to cover its $10 billion accelerated share repurchase. Is it just me, or does that seem ridiculous in a higher interest-rate market? “Both Moody’s Investors Service and
As 2023 comes to a close, investors are probably wondering what kinds of equities might do well next year. Artificial Intelligence (AI) has received an incredible amount of attention due to the release of OpenAI’s advanced chatbot, ChatGPT. These chatbots are not only useful for productivity, but they can also give opinions on the market. Whether or not
With the Nasdaq taking investors on a roller coaster ride this year, many have sought refuge in mega-cap tech names like Nvidia (NASDAQ:NVDA). However, some of the best bargains right now are in smaller semiconductor stocks flying under Wall Street’s radar. While not rivals to titans like Nvidia or AMD (NASDAQ:AMD), these chip makers boast
The magnificent seven stocks have captured a lot of investor attention and investment in 2023. Those seven tech firms have been responsible for a great portion of the overall market rebound this year. They also hold 7 of the top 9 spots for market capitalization, with Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B) and Saudi Aramco being more valuable than a handful of
After Meta Platforms (NASDAQ:META) stock soared 166% so far in 2023 as of Nov. 9, I don’t expect the shares to come close to duplicating that performance over the next 12 months. That’s because the valuation is no longer very cheap, while the current ad rebound is, to a large extent, baked into the shares.
EV maker Li Auto (NASDAQ:LI) sustained robust growth in October with 40,400 deliveries. This showed a 10% monthly increase and a 300% surge from October 2022. Despite a 20% rebound from their Oct. 19 low, shares hover around 20% below all-time highs seen this August, when shares hit $46.65. The suppressed valuation may stem from
Growth stocks have been fairly resilient, considering challenges such as high interest rates and the prospect of a recession within the next twelve months. This resilience notwithstanding, however, make no mistake. There are plenty of growth stocks at risk. In fact, many of the high-profile growth names that have either performed strongly or held steady
As we enter the halfway point of November, investors looking to capitalize on the burgeoning hydrogen market should consider these top three hydrogen stocks. Each has shown promising potential in an industry poised for growth as the world shifts towards cleaner energy solutions. So here are the best hydrogen stocks to consider. New Fortress Energy
SoFi Technologies (NASDAQ:SOFI) made headlines with a robust Q3 report, reaffirming its status as a top fintech stock. SOFI stock added 717,000 members, marking a 47% year-over-year increase. Beyond its roots as a student lender, SoFi has evolved into a comprehensive financial services hub. The quarter witnessed a significant $2.9 billion deposit growth, crucial for
Chinese EV manufacturer Xpeng (NYSE:XPEV) has been performing well this year, sustained by what appears to be strong bullish sentiment. Monthly deliveries have improved notably for XPEV stock, with September deliveries coming at 15,310, up 81% year-over-year. In Q3, the company delivered 40,008 units, a 72% increase from Q2. Xpeng expanded its reach to European
When most investors think about investing in EV stocks, one name comes to mind – Tesla (NASDAQ:TSLA). The company that started it all, Tesla remains the gold standard. Most EV companies aspire to reach Tesla’s success, in terms of mass market adoption and brand power. However, the EV market is expanding, with competition increasing rapidly
Crisis will again lead to opportunity for lithium stocks. Sure, crumbling demand for electric vehicles, fears of oversupply, and stalling lithium demand in China have put a recent dent in lithium prices, but don’t let that chase you away. Instead, use the weakness as an opportunity to buy. After all, according to Morningstar, “Rising EV adoption and the
The debate around Amazon (NASDAQ:AMZN) stock has been heating up lately as the e-commerce stock nears a potential inflection point. When the pandemic first struck, Amazon was one of the highest-flying stocks, seeing its growth bolstered by tailwinds from global lockdowns, as consumers were forced to buy their wares online. The company became essential for