The stock market has been on a downswing throughout the fall. High interest rates, inflation, and geopolitical tensions are among the factors weighing on investor sentiment. With the downturn, bears are getting feisty. Some pundits are calling for big declines and predicting major chaos in 2024. Not surprisingly, short sellers are getting aggressive on many
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Even though the broader market has been in a prolonged bear cycle, the crypto market has been very resilient this year. I believe there are still plenty of hidden gems waiting to be discovered. The key is finding low-market-cap cryptos before they gain widespread traction. Stalwarts like Bitcoin (BTC-USD) and Ethereum (ETH-USD) should form the
The energy sector continues to be challenging for investors to navigate. Crude oil prices peaked at $122 a barrel in June 2022 after Russia invaded Ukraine. Since then, prices for crude have dropped below $70 a barrel, rebounded to more than $90, and have now settled right around $80 per barrel. After 2022 record profits,
Announcements of company spinoffs boost the value of stock prices in the near term. Yet over the long term, the value of the spinoff’s shares must deliver growth on the top and bottom line for the good times to continue. In Western Digital’s (NASDAQ:WDC) situation, activist investor Elliott Management pressured the company to split the business
Newspapers and retail stores, including Blockbuster, Circuit City, Bed, Bath and Beyond, and Sears are among the most famous casualties of tech changes in the last 20 years. Other firms that have fallen on hard times due to new technologies include Nokia (NYSE:NOK), GameStop (NYSE:GME) and many movie theater owners. Now, with the popularity of
Joby Aviation (NYSE:JOBY) offers a unique and intriguing investment opportunity for long-term investors looking at sectors with high growth potential. The world of eVTOL (electric vertical takeoff and landing) aircraft manufacturing is one that’s still in its infancy. However, as we’ve seen with so many high-growth spaces, the time to invest in a given technology
From $47 billion to nearly worthless. That is the sad tale of WeWork (NYSE:WE), the co-working company and former unicorn darling of Silicon Valley. WeWork filed for Ch. 11 bankruptcy protection on Monday night. It’s been a stunning fall from grace for the company, co-founded by the enigmatic Adam Neumann. WeWork attracted a lot of
With the world going green, hydrogen stocks will get explosive. We already know Goldman Sachs and Bank of America believe hydrogen could be an $11 trillion market. We know the Biden Administration just invested $7 billion into hydrogen hubs across the U.S. We also know the market could be worth $410.6 billion by 2030 from $242.7 billion today. Again, all
Renewable energy stocks have taken a beating over the past year. This is due to a number of factors, including higher interest rates. And with companies releasing third-quarter earnings reports recently, the renewable energy sector has seen a number of missed profit expectations. For example, Enphase Energy (NASDAQ:ENPH) designs, develops and installs solar panels primarily for residential use. It
Investors face a complicated picture heading into the holiday season. War, inflation, high interest rates, and a potential recession are among the risk factors on the horizon. Many investors are understandably turning to fixed income and defensive stocks to ride out the current storm. By contrast, this is precisely the wrong time to be taking
The price of gold is slightly below $2,000 an ounce and flirting with its all-time high of $2,074.88, reached in August 2020 during the depths of the COVID-19 pandemic. Gold has been marching higher in recent weeks following the outbreak of war between Israel and Hamas. The rising Middle East tensions are underpinning the price
The rollercoaster ride of the cannabis market has left many in the investing world dazed and confused. The sector’s volatility is marked by winds of optimism followed by spells of disappointment. Despite the industry’s volatility, though, hope hasn’t faded for the green gold rush that could follow full legalization. Yet, a nagging concern of overbought
This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here. Last week, I wrote about five AI stocks to buy for dependable 2024 returns. Our writers at InvestorPlace.com and I picked these elite stocks for their wide economic moats, innovative uses of artificial intelligence,
Overlooking the rapid growth potential of e-commerce might leave some investors feeling out of step, perhaps even a bit behind the curve. While general consumer behavior has stabilized post-pandemic, e-commerce spending is expected to continue trending up. The goal for prudent investors is to smartly engage with top e-commerce stocks, which are likely to benefit
Few stocks in this market get so much love and deliver so little in return as SoFi Technologies (NASDAQ:SOFI). I plead guilty to that. I bought into the hype back in 2021, and I’m still in the red. But almost half the analysts at Tipranks who still follow SoFi have the buy light on SOFI
Meta Platforms (NASDAQ:META) promised a “year of efficiency” that included layoffs and other cost-cutting measures in 2023. The data suggests that Meta’s efficiency plan is working out well. Nevertheless, some shortsighted traders are selling META stock, but future-facing investors can pick up those shares at a nice price. In addition, Meta Platforms is making an intelligent move
A few years ago, when the interest-rate policy was quite different, it might have made sense to invest in electric vehicle (EV) charging equipment provider ChargePoint (NYSE:CHPT). However, financial traders must adapt to changing environments. The current circumstances don’t favor a long position in CHPT stock. Now, I’m not suggesting that ChargePoint is a terrible company or anything
AI stocks have been the most critical sector in 2023. Early investments in leading chipmakers have provided the most substantial returns. Generative AI is a hot topic as it is highly applicable to business and continues to promise to revolutionize efficiency and costs. That said, the AI ecosystem is much more than chipmakers and generative
Bankruptcy filings are on the rise. As the economic good times of the past few years are seemingly drawing to a close, it’s creating trouble for many publicly traded companies. Retail companies have been particularly hard hit. Firms such as Bed Bath & Beyond, Party City, and Rite Aid are among those that have already filed for bankruptcy and had
Recently, we suggested that Palantir Technologies (NYSE:PLTR) stock may be appropriate for investors seeking exposure to artificial intelligence software. We’re standing by this assessment today, as Palantir’s recently released financial results show vigorous growth and optimistic forward guidance. Palantir Technologies certainly wants to help public-sector entities enhance their AI functionalities. For instance, Palantir has a contract with the Department of