Last year, every major index plunged into bear market territory. While they eventually reversed course, the S&P 500’s gains were driven by just a handful of stocks. The so-called Magnificent 7 sticks are a group of mega-cap tech stocks identified by Bank of America (NYSE:BAC) Chief Investment Strategist Michael Hartnett as providing all the lift
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Paypal (NASDAQ:PYPL) stock has had a rough go of it, but the company has a storied history. It gave Elon Musk his first big profit. Co-founder Peter Thiel became one of Silicon Valley’s leading political players. But that’s all ancient history. What PYPL stock has been doing lately is disappointing investors. Shares are down 22%
Regardless of how TSLA stock is performing at any given time, Tesla (NASDAQ:TSLA) CEO Elon Musk remains a highly controversial figure. Musk has turned heads by acquiring Twitter, a move experts predicted would compromise Tesla. He has also been in the hot seat for his social media presence and his backing of speculative cryptocurrencies. Although
Tesla (NASDAQ:TSLA) has undoubtedly been among the best-performing stocks of our generation. The fact that early investors booked gains of 200x on this mega-cap stock (which hit a valuation well over $1 trillion at its peak) is remarkable. In many respects, TSLA stock paved the way for an entire sector, allowing us to see a
Tesla (NASDAQ:TSLA) stock has overcome many hurdles under CEO Elon Musk. The company scaled electric vehicle production and has a leading market share in the most competitive market, China. It has brought the price of its Model 3 below $40,000. It has become the most valuable car company in the history of the world. But
After declining throughout October, PayPal (NASDAQ:PYPL) stock jolted higher at the start of this month. The bump was thanks to a well-received quarterly earnings release. PYPL stock zoomed from just over $50 per share, back to the mid-$50s per share, in the days following this release. In more recent trading days, however, PYPL’s post-earnings rally
Apple (NASDAQ:AAPL) has surged 40% year-to-date, garnering a “buy” rating from analysts, with an updated target price of $187.73. In the consumer electronics sector, Apple has continued to remain the dominant force, providing continued innovation in key areas many view as the next profit centers for the company. The company has historically generated value through
Crypto traders are celebrating right now, with Bitcoin (BTC-USD) reaching an 18-month high of $35,000. The main driver to this surge comes from expectations of the US regulators’ potential approval of spot Bitcoin ETFs. This represents one of the most important milestones for the crypto space. The speculation has propped up some of the other
In October, I warned investors that flying car firm EHang (NASDAQ:EH) had an order book that looked suspiciously weak: During the most recent quarter, EHang delivered just five units, down from 11 in the previous quarter. This suggests that EHang either lacks the purchase orders for its thousand-unit backlog or is struggling to raise enough
Sometimes it makes sense for investors to try and identify good stocks in a sector instead of making a big bet on an overarching trend. Case in point? The electric vehicle market. Rivian (NASDAQ:RIVN), a maker of electric trucks that has the backing of Amazon (NASDAQ:AMZN), pleased investors late Tuesday by saying in its third
There’s no denying that Nvidia (NASDAQ:NVDA) is favored among investors in 2023. That’s mainly because of the company’s prominent status as a manufacturer of processors for artificial intelligence applications. Yet, NVDA stock might not be a market darling for much longer. This doesn’t mean you have to dump your Nvidia shares, but just be aware of the issues
Artificial intelligence (AI) is transforming the world as we know it. From chatbots like ChatGPT that can converse with humans in natural language, to deep learning models that can analyze massive amounts of data and make predictions, AI is revolutionizing various industries and sectors. In this article, we will look at three AI stocks that
A late October Entreprenuer.com article discusses reasons why brands remain on social media. In reality, consumers mostly ignore sponsored content and advertising. Entrepreneur contributor Bryanne DeGoede is the Managing Partner of BLND PR, a boutique agency that works with Fortune 500 companies. She points out that many consumers go to social media to check out
The current five trillion-dollar companies listed on U.S. stock exchanges include Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), and Nvidia (NASD AQ:NVDA). These five and two others, Meta Platforms (NASDAQ:META) and Tesla (NASDAQ:TSLA), make up “the Magnificent Seven”. The Globe and Mail published a story on Nov. 1 that pointed out the Magnificent
In 2022, stocks entered a bear market, as much of Wall Street entered into a panic about the Federal raising interest rates. Stocks bottomed in October 2022 as very slowly, but surely, many investors realized that the “Don’t fight the Fed” mantra was inaccurate. That’s because, in-line with my predictions, higher rates did not cause
Autonomous systems, AI, quantum computing, and other groundbreaking technologies continue to redefine the way we live and interact. For those searching for the best tech stocks to buy, though, this ever-evolving landscape presents both challenges and opportunities. While the allure of tech growth stocks is hard to deny, savvy investors are increasingly turning their attention
Some people believe that Apple (NASDAQ:AAPL) stock will always grind higher and that they should buy immediately all dips. However, while it might be fine to own a few AAPL stock shares, it’s not wise to make any assumptions. A near-term share-price rally isn’t guaranteed, even with a famous company like Apple. It’s reassuring to know that Berkshire Hathaway
Buy-and-hold investors are comfortable taking long positions. To these investors, the only must-buy stocks are the ones they already own. However, this is not an ordinary time, nor is it an ordinary market. No, this isn’t a “this time it’s different” message. Markets may not repeat themselves, but they frequently rhyme. It may be
Meta Platforms (NASDAQ:META), despite its name change and metaverse focus, is primarily a social media and AI powerhouse. While the company aims for metaverse leadership, long-term investors see value in its cash flow and growth potential. These characteristics are all within Meta’s entire portfolio of businesses. Experienced or new investors can consider investing in this
The surge in green initiatives is driving interest in battery stocks. Now integral to investor portfolios due to rising demand for various applications, battery technology continues to improve. And the companies behind the scenes continue to offer impressive value for those with a long-term investing time horizon. EV battery stocks are becoming key investments for
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