Despite facing the largest cumulative increase in official interest rates in 40 years, the United States economy has demonstrated surprising resilience. Throughout the past year, gross domestic product grew by 2.9%, and employment remains strong. Unemployment is standing at 3.9%. This has spelled great things for tech stocks to buy. The Fed funds rate has
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Archer Aviation (NYSE:ACHR) has emerged as a top pick in the eVTOL (electric vertical takeoff and landing) sector, featuring a strong year-to-date gain of more than 125% and near-term solid momentum. Growth investors have continued to pile into this stock. Despite notable short interest at 26%, ACHR stock continues to hold its higher elevation as
Once just a finance app, SoFi Technologies (NASDAQ:SOFI) is now a formidable chartered bank challenging traditional financial institutions. Despite skeptics, a mega-bank analyst group spoke positively about this fintech player and its disruptive potential within the financials space. With the end of the student loan repayment pause and a potential halt in interest rate hikes,
Need help boosting your long-term portfolio gains? Well, you’re in luck. The market’s recent performance has revealed some of the highest-quality oversold blue-chip stocks, specifically Dividend Aristocrats. This may be the chance to buy them at desirable price levels. Dividend Aristocrats are S&P 500 stocks that have increased their dividends for at least 25 consecutive
Qualcomm (NASDAQ:QCOM) is a leading wireless technology and semiconductors business I have written positively about, primarily citing its relatively cheap valuation and successful foray into 5G. However, the QCOM stock’s disappointing earnings results this year, coupled with one of its biggest markets, China, moving to develop a vibrant domestic semiconductor industry, have made me reconsider. QCOM’s
Years ago, hearing “cars will fly someday” sounded crazy. Today, it is more than a reality. Of course, we still don’t have cities full of flying cars, nor do they look like the cartoons we saw on TV when we were kids, but there is a lot of progress resulting from companies like these. These
In the dynamic stock market, the most lucrative opportunities often arise from the unexpected. This article delves into the strategies of three under the radar stocks to watch quietly making waves in their respective industries, poised to unleash substantial growth. The first one emerges as a standout on Deloitte’s Fast 500 list. It projects a
Cannabis stocks could see higher highs in 2024. For one, according to a recent Gallup survey, 70% of Americans back legalization. “Support for marijuana legalization has reached a new record high nationally, with seven in 10 Americans—including a sizable majority of Republicans, Democrats and independents—now backing an end to prohibition,” according to an article by Kyle
Growth stocks can net some of the largest gains in the market. These corporations feature high top-line growth each year. Some of these companies are profitable or are closing in on that milestone. While growth stocks can generate the highest gains, they are also the most vulnerable during economic downturns and corrections. Some of them
Dividend stocks for retirement have to emphasize two points. Beyond pure yield, safe dividend stocks for retirement offer a long history of dividend distributions and a sustainable operational model to ensure the company’s longevity. Some companies offer massive one-time dividend events. Others take on hefty debt loads to juice their yield without shielding themselves financially
Your job, as an investor, isn’t to be a hero and speculate on poor-performing business. Rather, your goal should be to make money and, just as importantly, not lose money. Just as ChargePoint (NYSE:CHPT) is a money-losing operation, CHPT stock is a wealth burner and will likely continue to disappoint its investors. ChargePoint, a provider of EV charging
This year has seen a remarkable surge in electric vertical takeoff and landing (eVTOL) stocks, driven by a promise of commercialization in the not-too-distant future. Projections suggest the global flying car market could reach $17.84 billion by 2030, expanding to $1 trillion by 2040 and a staggering $9 trillion by 2050. This signals significant potential
The release of “Dumb Money” has sparked renewed attention in meme stocks to buy and hold, shedding light on the 2021 retail trading frenzy. The interest in meme stocks led to the widespread popularity of stocks like GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) which seemingly offered nothing for the savvy investor, marking an important chapter
There is an ocean of stocks in the U.S. with hundreds of names representing quality companies. For perspective, the New York Stock Exchange lists more than 2,500 stocks and the NASDAQ lists more than 3,300. I haven’t even talked about other exchanges, including the OTC. The key point is that there’s a high likelihood of
Many an investor grows tired of hearing about gains in the so called Magnificent Seven stocks. The market’s growth this year has been dominated by the mega-cap tech stocks. The 2023 main players are Alphabet (NASDAQ:GOOG/NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT) and Tesla (NASDAQ:TSLA). The concentrated gains in a
I read a recent Seeking Alpha article about Cenovus (NYSE:CVE), easily one of Canada’s best energy producers. The author’s focus on CVE’s buyback propensity had me thinking about other Canadian stocks making big share repurchases in 2023. I’m a Canadian who generally writes about American companies. However, Cenovus is listed on the NYSE, so it
Finding profitable and robust companies with reasonable projections for the near and long-term future can take a lot of work for investors when the stock market is experiencing more than usual volatility. Investors should stick with solid companies with a great track record because other more speculative stocks may see a more significant moment with
Since late last month, Nvidia (NASDAQ:NVDA) stock rebounded after a slump in October, possibly due to broader market movements. Investors might be reevaluating concerns that led to the decline, suggesting a potential opportunity for long-term positions in NVDA stock. Once a gaming industry leader, Nvidia pivoted successfully into the data center, emerging as a top
There are many ways to make money on Wall Street. One of the best proven strategies is buying and holding dividend stocks for long-term wealth creation. Countless studies prove the superiority of income-generating stocks. The asset managers at Hartford Funds looked at the performance of the benchmark S&P 500 going back to 1930. They found
Electric vehicles (EVs) are undeniably a part of our future. As the EV market experiences a generational surge, discerning investors are closely watching EV stocks to buy. However, it is imperative to separate the wheat from the chaff, and a select few stand out with the potential for solid long-term gains. The International Energy Agency