At one point in time, tech stocks took center stage and became an integral part of every investor’s portfolio. During the pandemic, they offered unique solutions and enjoyed big rewards in terms of investor interest, higher revenue, and increasing market valuation. However, the past year was unkind to the tech industry. Inflation and concerns about
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The party in energy stocks looks to be over. In 2022, oil and natural gas stocks were the only market segment that saw gains, as the price of crude oil surged to $122 per barrel. Now, with oil trading below $70 a barrel, the S&P 500 Energy Index is down 15% since the end of January. The
Meme-stock traders used to obsess over video game retailer GameStop (NYSE:GME). Those days are in the rearview mirror now, though, and serious investors should pay attention to GameStop’s problems. Furthermore, just because a well-known insider took a large stake in GME stock, this doesn’t mean you have to follow his lead. As you may have heard,
In this article PINS NVDA GIS Follow your favorite stocksCREATE FREE ACCOUNT Boxes of General Mills Lucky Charms cereal are displayed on a shelf at a Safeway store April 18, 2022 in San Anselmo, California. Justin Sullivan | Getty Images Check out the companies making headlines in premarket trading. General Mills — Shares dropped 3.9%
The U.S. gross national debt exceeded $32 trillion on June 16th for the first time. This $32 trillion threshold was achieved 9 years earlier than pre-pandemic predictions indicated, mainly to the utilization of trillions of dollars in emergency funds. The House Appropriations Committee began considering its next spending bills, and if the individual bills are
Without a doubt, life is difficult for EV start-ups. Creating automobiles is a complex and challenging process, even under the most favorable conditions. Indeed, the design, development, manufacturing, and marketing of electric vehicles is a process fraught with potential pitfalls for a given company and its investors. Many EV start-ups face unique challenges due to
In this article GSBD JPM GNRC Follow your favorite stocksCREATE FREE ACCOUNT Lordstown Motors Corp Chief Executive Steve Burns poses with a prototype of the electric vehicle start-up’s Endurance pickup truck, which it will begin building in the second half of 2021, at the company’s plant in Lordstown, Ohio, U.S. June 25, 2020. Lordstown Motors
Global 5G subscriptions are projected to double and surpass 1 billion in 2023, driving the rapid construction of 5G mobile networks. The demand for 5G infrastructure will likely increase by 22% this year, reaching over $23 billion worldwide. With its lower latency and significantly faster download speeds, 5G represents the next generation of wireless networking
Amidst the tumultuous financial markets, one can’t help but cast a wary eye on troubled businesses. These firms are making headlines for all the wrong reasons, keeping investors up at night and questioning their investment decisions. Despite their best attempts at damage control, leaving a lasting impression of unease. This has led to the rise
Shopify (NYSE:SHOP), like so many high-profile growth/tech names, has experienced a big stock price recovery. SHOP stock has rallied by nearly 79% since January. Yet even as it appears that a comeback is in full swing, many analysts and commentators are ringing the warning bells about a possible pullback/correction. Many times, bearishness about a popular
In this article LLY RIDE K WBA Follow your favorite stocksCREATE FREE ACCOUNT A man walks out of Walgreens pharmacy on March 09, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images Check out the companies making the biggest moves in premarket trading: Walgreens Boots Alliance — The retail pharmacy chain
Artificial Intelligence (AI) has received incredible attention this year due to the release of OpenAI’s ChatGPT. Because of its profound capabilities, ChatGPT has successfully captured the imaginations of a swath of audiences from technology enthusiasts and investors to social commentators. This has led to the rise of AI stocks with triple digit returns. Now investors need
QuantumScape (NASDAQ:QS) is a battery start-up which has seen extreme volatility in recent years. A play on solid-state battery technology, QuantumScape provides investors with a much more speculative potential earnings curve than its EV peers. In the previous bull market rally, QuantumScape achieved a remarkable $54 billion valuation. This valuation was driven by its solid-state
After hitting a 2023 high of nearly $9.75 per share on June 14, SoFi Technologies (NASDAQ:SOFI) stock was hit by bearish analysis that had brought it down closer to $8. The market cap on the online banking company was still $7.8 billion, five times more than the $1.57 billion of revenue it had last year,
Budrul Chukrut | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Lucid Group — Lucid shares jumped 9% after the electric vehicle maker said it will provide powertrain and battery systems to British luxury automaker Aston Martin. WSFS Financial — The regional bank added 4.4% after D.A. Davidson upgraded the
Countries across the world are moving towards electric vehicles to build a cleaner and greener future. Currently valued at over $250 billion, the EV market is projected to reach $561 billion this year and the market unit sales are expected to hit 17 million by 2028. While the electric vehicle industry suffered from a slump
Companies within the tech sector have been a real draw for investors for a long time. Stocks like Meta Platforms (NASDAQ:META), Apple (NASDAQ:AAPL), and Microsoft (NASDAQ:MSFT), which are all in the tech sector, are some of the most popular companies trading in the U.S. The upside for the tech sector keeps improving with the application of generative AI.
Analysts want to hit pause on Palantir Technologies (NASDAQ:PLTR) stock, saying the software as a service company is overbought as an artificial intelligence play. Since four analysts downgraded PLTR stock around June 16 they’re down 15%, trading June 22 around $14. The price remains generous. The company had $1.9 billion in sales last year but
This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here. It turns out that AI is astonishingly good at picking stocks. Several notable studies this year have used ChatGPT and other large language models to beat the market. Some have used sentiment analysis to
When financial traders are willing to buy a stock at any price, that’s not a good sign. It’s hard to be a contrarian with Microsoft (NASDAQ:MSFT) now, as MSFT stock continues to steamroll ahead on artificial intelligence hype. Yet, no company – not even the almighty Microsoft – can remain a darling of the markets forever.