Technology equities have largely had a good year in 2024. The tech-heavy Nasdaq Composite has rallied nearly 20% on a year-to-date basis, and secular trends such as artificial intelligence and cloud computing technologies could send technology shares higher in the near term. Even the historical August slump probably will not be enough to stop the
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Advanced Micro Devices (NASDAQ:AMD) is set to report second-quarter fiscal 2024 earnings on July 30th. I expect the chipmaker to post strong results. Wall Street has rewarded the stock due to the explosive growth in artificial intelligence applications and a recovery in the PC market. However, while AMD’s long-term prospects remain bright, I’m taking a
In April 2024, Rivian (NASDAQ:RIVN) stock touched 52-week lows of $8.30. With macroeconomic headwinds, intense competition and significant cash burn, the pessimism seemed to be justified. However, Rivian stock has doubled from these lows and currently trades at ~$16.30. It seems that the EV company is back from the dead and there are fundamental reasons
Well, that was a stunner (though perhaps not entirely unexpected). Over the weekend, President Joe Biden made the tough, but likely necessary decision to step down from his reelection bid. It’s why I’m looking at some of the stocks to sell on that news. There’s still plenty of time for the Democrats to mount an
Before investing in Oracle (NYSE:ORCL) stock, it is essential to analyze varying viewpoints in order to soundly decide. Oracle is one of the major companies in the cloud computing and software for enterprise markets. The financial performance of Oracle has been good with strong revenues and earnings. It has also paid great attention to the
Emerging as one of the best growth and restaurant stocks, Chipotle Mexican Grill (NYSE:CMG) continues to gain traction due to its unique menu and in-house operations. In Q1 2024, the company brought in a $2.7 billion revenue. Additionally, the company’s 50-for-1 split also was a key driver of a 21% year-to-date surge in CMG stock
A string of subpar second-quarter earnings reports is hurting the stock market. The technology-laden Nasdaq index fell 3% (more than 500 points) after the initial financial results from mega-cap tech companies disappointed. However, the poor results are by no means limited to technology concerns. Restaurants, airlines, healthcare companies and some financial institutions have delivered earnings
When your reputation is in tatters, being able to pull your company up out of the ashes takes a Herculean effort. Certainlyit is not easy. As Warren Buffett once said, “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you will do things differently.” Some companies apparently never thought about
After Wednesday’s painful market sell-off, investors seeking value and bountiful dividend stocks may have more of a chance to pounce. Indeed, the broader market indices are fresh off their worst day since 2022. At this juncture, it’s okay to be slightly rattled as you look to reposition ahead of a choppy move into mid- and
The clock is ticking for Faraday Future Intelligent Electric (NASDAQ:FFIE). The upscale electric vehicle manufacturer faces several important deadlines in the weeks ahead. It has to get all of its Securities & Exchange Commission (SEC) filings submitted by July 31 to come into compliance with Nasdaq listing requirements. And then it has to boost its
On July 11, private equity firm Platinum Equity Advisors announced that it would acquire Héroux-Devtek (OTCMKTS:HERXF), a Quebec-based aerospace firm. The $1.35 billion deal is one of the many Canadian acquisition targets that are or should be on American firms’ buy lists. Why are American firms attracted to Canadian businesses? The reasons include close geometric
While the most common current examples of artificial intelligence (AI) are the large language models (LLM) like OpenAI’s ChatGPT and Microsoft’s (NASDAQ:MSFT) Copilot, the future of the technology is likely far more multi-faceted than question-and-answer chatbots. Moreover, the current involvement of various tech companies in the development of AI means that some future AI stocks
When most people think of index funds, they gravitate toward the S&P 500 and the Nasdaq Composite. It’s no surprise that these benchmarks receive the most attention. They have delivered solid historical returns and are filled with recognizable corporations like the Magnificent Seven. Those two indices also attract many investors because many of the alternatives
Sometimes, the success of a company can take the stock so high that it pushes investors away. It is due to this reason that the management announces a stock split. While a stock split does not change anything in terms of the fundamentals of the company, it makes it easier for investors to own the stock. 2024 has been the
The Atlanta Journal-Constitution published an article in July discussing the “skyrocketing” growth of Atlanta. That’s got me thinking about Atlanta stocks. According to AJC, nearly 63,000 people moved into the 11 counties that make up Atlanta between April 2023 and April 2024. According to Axios reporting, Atlanta had the largest change in population between 2022 and 2023 among U.S. cities with at least 250,000 people.
Republican presidential candidate Donald Trump recently unveiled his pick for vice president. At 39 years old, Ohio Senator JD Vance is a fresh face in Washington D.C. Despite being one of the most prominent millennial generation politicians out there, however, Vance holds surprisingly anti-electric vehicle sentiments. In fact, Vance has suggested the EV proponents are
The rotation out of technology stocks appears to have been short-lived. With second-quarter earnings season underway and the mega-cap technology companies reporting their results, we’re reminded yet again why tech stocks lead the market and are the best growth securities that investors can own. Whether it’s artificial intelligence (AI), cryptocurrencies, cloud computing, streaming, or e-commerce
Most companies have some debt, often accumulated during the low-interest rate environment from 2009 to 2021. Firms that are profitable may view debt positively, as a way to fund acquisitions, dividends and buybacks, making it easier for them to manage with relatively low carrying costs. However, for less profitable companies with high debt loads and
Biotechnology stock traders, listen up! Do you like to roll the dice and take your chances on promising drug developers? If so, then you’ll definitely want to add Kazia Therapeutics (NASDAQ:KZIA) to your watch list. I can’t guarantee any safety whatsoever, but Kazia Therapeutics stock offers excitement and the possibility of substantial profits. Or, Kazia
Uncovering the best game-changing stocks to buy is a true holy grail for achieving considerable financial returns while investing. Here are three standout companies ready to shift the valuation landscape. Understanding their fundamental strengths may lead to sharp and strategic investment decisions. To begin with, the first company on the list is experiencing high top-line
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