Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange on Feb. 27, 2023. Brendan McDermid | Reuters Cathie Wood is about to notch her best month ever as her holdings of innovative technology stocks roared back from steep losses in the midst of
Tech stocks have been on a tear in 2023, as the Nasdaq Composite Index has surged more than 36% year-to-date, outperforming the broader market. While stocks endured a steep sell-off between August and October, these days, the tech sector has started to benefit from favorable macroeconomic news, which has indicated the Federal Reserve’s fight against
When an investor’s interest in a company starts to soar due to positive news, an acquisition, an earnings beat, and a number of other events, it usually causes a drastic increase in the underlying stock price. A situation many investors find themselves in is wanting to buy into a company that is on a great
Li Auto (NYSE:LI) is one of the leading manufacturers of new energy vehicles (NEVs) in China. It delivered a record 40,422 NEVs in October, quadruple the number it did last year. It is also the first time it delivered over 40,000 vehicles in one month. NEVs, of course, are what everyone else refers to as electric vehicles (EVs).
The stock market is trending higher again, which means sooner or later it will fall. But shrewd investors look forward to such drops because that opens doors to buy. It was just last month that the S&P 500 had dipped into correction territory, falling 10% from recent highs. Now the index is moving up once
Short squeezes, which are characterized by sudden and substantial surges in asset prices, have become prominent and debated phenomena on Wall Street in recent years. A short squeeze occurs when a high number of traders who shorted a given instrument are compelled to close their positions, ultimately pushing the asset’s price higher. One should look
Voice recognition tech has existed for decades, but it’s finally getting its moment in the sun. As we increasingly move towards mobile optimization, users want tools that help on the go without having to stare down at a screen. Conversely, enterprises and unique users need complex, AI-enabled voice recognition to streamline internal and external workflows
After a strong first half of 2023, Tesla (NASDAQ:TSLA) faced challenges with price cuts, reduced margins, and disappointing delivery growth, leading to a decline in stock value. This move has come amid what many contend will likely be a weak demand period for high-priced EVs, suggesting margin compression may be on the horizon. Indeed, CEO Elon Musk
Palantir Technologies (NYSE:PLTR) has shown strong performance this year, given investor interest in AI stocks. The company’s earnings reports provided plenty of optimism and fueled this rally. However, with the company’s government revenue slightly below expectations at $308 million, while commercial revenue rises 23% to $251 million, there’s room for discussion concerning how good these numbers were. Of course,
Look around a little and you can find stocks that have gained a lot this year. The Magnificent Seven tech stocks are getting all the media attention, but they are not the only securities that have posted impressive gains. The narrative that the current stock market rally is concentrated in only a handful of mega-cap
The Electric Vehicle industry is nothing like it was in 2022. This year has been difficult and many EV makers are glad that it is coming to an end. With high-interest rates, rising inflation, and low consumer spending, the demand for EVs has dropped. Several EV makers had to trim their production targets and restrict
Despite critics suggesting Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) lags in generative AI and could be due for a pullback if the market turns sour, investors in GOOG stock need not fret. Alphabet is aggressively advancing in gen-AI with global product innovations. Given the persistent rise of generative AI, adding Alphabet shares to your portfolio today could be
One of the keys to successful investing and wealth creation is portfolio diversification. As an example, it’s unlikely that an investor will make millions from the market by just holding blue-chip stocks. There needs to be some high-beta growth stocks in the portfolio. Similarly, exposure to global growth stocks is essential for wealth creation. The
Can video game retailer GameStop (NYSE:GME) stage a huge comeback, and GME stock shake off its meme-stock reputation? It won’t be easy for GameStop to get Wall Street to take the company seriously. Prospective investors should be careful as an event is coming in December that could prove to be make-or-break for GameStop and its loyal shareholders. Don’t get the
Amazon (NASDAQ:AMZN) stock recently hit new 52-week highs. A variety of factors drive this rally, but the skeptics are warning off new investors and exhorting existing investors to sell into strength. Some leaning more towards optimism when it comes to this stock are arguing for convoluted ways to minimize downside risk. For instance, in a
If you’re going to invest in an electric vehicle manufacturer in 2023 and 2024, you need to be selective. EV demand is slowing, and Rivian Automotive (NASDAQ:RIVN) isn’t necessarily the best pick of the bunch. The best grade we can assign to RIVN stock is a “D” and prospective buyers should spend extra time on their due
If you’re like millions of other retail investors, you’ve got whiplash from the past few months. Markets fluctuated as traders assessed economic news, consumer sentiment and stock prices. While that’s brought many undervalued stocks back to where they arguably belong, just as many losers are spiking back into overvalued territory. If you want to capture
As the U.S. Senate rallies to lower broadband costs, it’s a pivotal moment for investors to scrutinize telecom stocks. Amidst this legislative whirlwind, key initiatives have emerged as game-changers. Firstly, Senator Jacky Rosen (D-NV) and 31 colleagues advocate fervently for the Affordable Connectivity Program funding extension. This vital program, a lifeline for countless households, ensures
Recently, Americans have been notably pessimistic. Gallup reported “overwhelmingly high” levels of pessimism in mid-October, a sentiment echoed by the University of Michigan. However, the public’s perceptions do not entirely align with the reality of the financial, economic and monetary landscape. As the final month of 2023 approaches, the year is proving to be robust
The High Dividend Yield Vanguard ETF (NYSEARCA:VYM) has surged by more than 6% month-over-month, suggesting that dividend stocks are regaining traction. Intuitively speaking, the resurgence does make sense as a pending interest rate pivot may initiate more confidence among dividend investors. I say this because stocks with high dividend payout ratios usually suffer during high interest rate environments.