2023 was a busy year for utilities stocks, with both positive and negative developments. On the positive side, the sector deployed record volumes of renewable energy and enhanced grid reliability. However, issues arose. One was the catastrophic Lahaina fire in Hawaii, which led stakeholders to question safety practices at the local utility, Hawaiian Electric. Ultimately,
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Fundstrat analyst Tom Lee, who correctly called last year’s rally of the S&P 500 in the face of tremendous pessimism about U.S. equities, recently advised investors to overweight certain financial stocks. Specifically, Lee said on The Julia LaRoche Show that with interest rates are likely to fall meaningfully this year, and the most obvious beneficiaries
You deserve to start off 2024 with fresh, high-confidence stock picks. Unfortunately, Lucid Group (NASDAQ:LCID) stock has multiple problems and the bull case for just doesn’t hold up. The EV market is fiercely competitive, with significant changes from 2020 and 2021, when investors were more speculative and forgiving of consistently unprofitable companies. Given recent interest-rate hikes, investors are now more
Shares in “Magnificent Seven” component Apple (NASDAQ:AAPL) stock surged by nearly 54% during 2023. However, a growing number of stockholders have made an exit. After hitting a new all-time high in mid-December, AAPL pulled back slightly. The market has been using various developments and discussion about the company as an excuse to take profits. This
Not every investor wants to actively monitor the markets and find hidden gems. It can be easier to invest stocks to buy and hold from companies that have vast enterprises, lower risk and plenty of growth potential. Buying stocks with the intent of holding onto them forever means ignoring the short-term noise and focusing on
Nvidia (NASDAQ:NVDA) stock was arguably the most important one on the market in 2023. Due to its weighting in the S&P 500 and Nasdaq 100 indices, it had a significant impact on their performance. Both set new all-time highs last year. Nvidia stock gained nearly 240% last year. It was the fifth largest and the
With the U.S. market obsessing over the “Magnificent Seven” stocks last year, investors sometimes overlooked great growth opportunities. Among the most promising picks for 2024 is China-based electric vehicle (EV) manufacturer Li Auto (NASDAQ:LI). Wall Street didn’t spend much time focusing on LI stock, but get ready for Li Auto to grab the limelight in the new
Quantum computers are the new technology of today when it comes to computers. Imagine if there are already super-fast processors capable of doing many tasks simultaneously. Quantum computers are capable of doing this but with an infinitely better speed and power and, of course, faster than any normal computer. If you want to invest in
The notion of flying car stocks has long been the realm of science fiction. However, flying cars are fast becoming a reality. In July, Alef Aeronautics Received FAA approval for testing and began taking reservations. The company, which is not publicly traded, expects to begin delivery of its $300,000 vehicle in 2025. That vehicle called
Are in invested in enterprise artificial intelligence (AI) company C3.ai (NYSE:AI) for the long term, or are you expecting a moonshot in 2024’s first quarter? It’s fine to be bullish about C3.ai in general, but be sure to keep your expectations in check when it comes to AI stock. Otherwise, you won’t be prepared to ride out
As we enter 2024, the biggest focus for governments worldwide is climate change and renewable energy. While several governments have committed to switching towards renewable energy sources, it will take time for them to achieve the same. Solar energy was in high demand at one time and then dipped to low costs, while wind energy
Tech stocks look promising in 2024. The sector is known for its high growth potential, and the predicted fall of interest rates later this year could improve the implied valuation of many companies. However, not all tech stocks are created equal; some hold more upside potential than others. Often, investors can find great opportunities where
With 2023 being largely about the usual suspects, investors may be better served in the new year targeting under-rated stocks. We’re talking about fundamentally undervalued or underappreciated ideas that really didn’t much airtime compared to their peers. However, with a fresh calendar ahead of us, circumstances could change favorably. Mostly, the bullishness toward overlooked stocks
After a wild year in the books, investors might want to consider the top REITs or real estate investment trusts to buy. Structured as companies that own or finance income-producing real estate often across a range of property categories, acquiring a quality REIT can be a sensible idea. Further, possible shifting tides in 2024 arguably
In this article Follow your favorite stocksCREATE FREE ACCOUNT Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding the “Magnificent Seven” technology stocks to expectations for multiple interest rate cuts this year, Eisman believes
As we enter 2024, it’s wise to pause and reevaluate your investment portfolio, shaking things up for the year ahead. With each new year comes shifting sentiment on Wall Street. However, many top-performing stocks from 2023 could continue gaining momentum this year. Tracking which companies analysts are most bullish on provides useful insight for investors
As we ring in a new year, many investors may be thinking about how to reposition their portfolios for 2023. Last year wasn’t necessarily a banner year for many battery stocks. Indeed, many companies have faced challenges in terms of production and metal prices. However, this group merits attention in 2024. Why? Well, the long-term
Artificial intelligence stocks have been top performers in the market. Nvidia’s (NASDAQ:NVDA) blowout earnings brought more attention to the space and created a gold rush of sorts. While many AI stocks have been scorching hot, investors have to discern the winners from the richly valued investments. The best AI stocks can continue to deliver robust gains in
Meme stocks are not what they were back in 2021 when they took the market by storm, crushed Wall Street short-sellers and put hedge fund Melvin Capital out of business. But meme stocks haven’t gone away. Over the past two years, retail investors who keep trying to execute a short squeeze on the shares pushed
Electric vertical takeoff and landing (eVTOL) aircraft, synonymous with flying cars, are gaining traction as viable transportation alternatives. Accordingly, it should be no surprise to investors that many flying car stocks surged last year. This rise was helped by a broader positive sentiment surrounding riskier investments coupled with the increasing likelihood of interest rate cuts