One sector generating major gains in 2023 went largely unnoticed – offshore oil stocks. Stocks in the sector exploded over the past few months, with some doubling in price (or more). One analyst notes a few key factors making offshore oil stocks an ideal play today. First, high utilization rates keep offshore oil companies busy
Stocks to buy
Whether you’re skeptical of the metaverse’s long-term vision or not, it’s undeniably evolving at leaps and bounds. The groundwork has been set and continues to develop. From cryptocurrencies to virtual concert tickets to VR gaming, the metaverse is becoming an everyday part of our lives. This normalization has led to the emergence of metaverse stocks
I recently read an article from ReadWrite, an online publication about emerging technologies. The article discussed independent contractors’ past, present and future in the modern workforce. As a freelance writer, I couldn’t help but read it. After all, not a second passes without somebody posting a new piece about how artificial intelligence (AI) will affect
The United States economy is resistant to any recession possible. That’s because the strength of this economy lies in its high level of diversification. With the five largest industries contributing to approximately two-thirds of the GDP spread out across different sectors, the impact of economic shocks is mitigated. That diversity forms the foundation of the
According to the American Medical Association, U.S. healthcare spending totaled $4.3 trillion in 2021, equal to nearly $13,000 per person. Overall medical expenses account for nearly 20% of U.S. gross domestic product (GDP). America today spends more on healthcare per capita than any other country. By 2030, one in five Americans (20%) is forecast to
Patience is one of the key virtues of a successful investor. Even the best of stocks doesn’t move parabolic. There are phases of sharp uptrend, correction, and consolidation. Invariably, parabolic moves seen in some speculative are followed by a deep correction. There are several strategies to make quick money from the markets. A time-tested strategy
When it comes to scouting potential high-growth opportunities, Nasdaq stocks often stand out as a top pick for many investors. Renowned for listing some of the most cutting-edge companies globally, the allure of significant returns is hard to ignore for those willing to tap into this innovation-driven marketplace. Yet, the recent market headwinds have posed
When ChatGPT launched in November 2022, it was such a novel platform that many wondered if it could ever be replicated. But less than a year later, every major tech company is now launching their own AI chatbot. And that’s signaling what we consider to be a very investable craze. Right now, what we are
The economic outlook is increasingly uncertain. Between inflation, high-interest rates, and an aggressive Federal Reserve, there is plenty that could hamper the market’s returns over the next year. However, there is one area of the market with a steadier outlook: High-quality dividend stocks. In particular, the Dividend Aristocrats are a great place to go hunting for
In this dynamic world, finding stocks with the potential to thrive over the long haul is akin to discovering hidden treasure. As technology steps into a new decade, three stocks stand out on the horizon, poised to dominate their respective industries. This has led to the rise of stocks to buy. The first one, the
If the U.S. wants more than 50% of all cars on the roads to be electric by 2030, we need to have far more charging stations. Right now, according to Blink Charging (NASDAQ:BLNK), we have just under 130,000 electric vehicle (EV) charging ports at 50,401 charging stations set up in the U.S. That’s not nearly enough,
Transportation stocks are typically viewed as moving in sync with the economy as a whole. Despite what the very stubborn bears say, I would argue that this characteristic makes transportation stocks very attractive at the current time, as the Fed projects that the U.S. economy will grow at an extremely rapid 4.9% in the current
As the broader market plateaus after its recovery rally, there remain hidden pockets of value across under-followed sectors, and with smaller-cap companies. With investors fixated on mega-cap tech and blue-chip stocks, many quality companies without much coverage continue to trade at a discount. Of course, one man’s trash is another man’s treasure, and many value
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
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
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,
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.
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
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
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