It’s fair to say that China-based electric vehicle manufacturer Nio (NYSE:NIO) isn’t a darling of the financial markets now. Yet, at least one expert on Wall Street has set a lofty price target for NIO stock. Besides, after viewing Nio’s EV-delivery stats, you’ll wonder why the share price isn’t much higher than it is today. Nio has come a long
Stocks to buy
The Dow Jones Industrial Average is widely expected to continue to perform well in 2024. The index represents 30 of the most prominent U.S. firms that are considered to be the most important Equities within the New York Stock Exchange and the nasdaq. The Dow is widely considered to be a representative barometer of the
Overall, technology as a sector impressed in 2023. While that might be a temptation to rotate to laggards, sticking with tech stocks in 2024 could be rewarding. The sector has several secular tailwinds, such as artificial intelligence, cloud computing and rising semiconductor demand. Most importantly for the sector, inflation is slowing. As a result, the
Stocks are looking a little pricey again. The rally in equities that started in November has raised the P/E ratio of the S&P 500 to around 26 times. That makes the Magnificent 7 stocks look a little less magnificent. This doesn’t mean you should sell those stocks. However, it can be a good time to look for
If Federal Reserve Chair Jerome Powell really does reduce interest rates, then forward-looking investors ought to consider blockchain stocks. True, you can always go for the individual cryptocurrencies. However, this arena carries both market and what I would term “administrative” risks. From data breaches to agonizingly forgetting passwords, a lot of stuff can go wrong.
With the equities sector avoiding a much-dreaded recession in 2023 and subsequently rising to unprecedented heights, investors may be better served rotating into undervalued stocks. Let’s think of it in (American) football terms. If you’re constantly running the ball, it might help to do a play-action pass, just to keep the encroaching defense honest. And
While seemingly everyone loves talking about the dramatic advancements in technology in recent years, investors ought to consider the caboose of this freight train: cybersecurity stocks. No, it’s not the sexiest idea to bring to the table. But where there’s smoke, there’s fire. What on earth do I mean by that? Basically, as innovation improves,
Can you imagine what it would be like to suddenly be without computers? Machines are a daily part of our lives, whether we’re at work, school, or home. Computers help us perform work, operate our vehicles and make items in our homes operate more smoothly. Operating all those machines are software, which is why buying
With Wall Street jubilant about avoiding a recession last year, investors may want to continue betting on the same horse, although here’s the thing: targeting undervalued value stocks may offer a more sensible approach. You don’t necessarily want to abandon your winners outright. However, it’s also risky to assume lightning will strike twice. I’m not
While investing, identifying millionaire-maker stocks with the potential for explosive growth is akin to gazing at stars in the daylight. Our millionaire blueprint unfolds with three stocks primed to skyrocket in the next market surge. In the heart of the energy sector, the first one emerges as a powerhouse, exceeding production targets, reducing costs and
Long-term dividend stocks can be a great vehicle for producing strong capital growth for your portfolio. This is a big reason behind the popularity of “dividend aristocrat” stocks, or stocks with a more than 25 year track record of dividend growth. Yet while some of the highest-quality dividend stocks out there have “dividend aristocrat,” or,
As other investors grow more euphoric over the tech sector, perhaps it’s smart to take on a more contrarian mindset, with more defensive plays like those in the food scene. While you are diving into the food scene, you should also look for high-value dividend stocks. In the consumer-packaged food scene, I see plenty of
It’s early, but investors continue to look for investing opportunities for 2024. Much will depend on the economy and interest rates. While rate cuts are still expected, the timing is uncertain. Anxiety over the path of rate cuts has led U.S. equities to begin the year on a volatile footing. Escalating violence in the Middle
Market forces unleashed a sizable rally in U.S. equities in 2023. Although policymakers and equities traders were not out of the woods yet on the macroeconomic front, many positive signs in recent economic data fueled optimism. The Federal Reserve has already projected rate cuts most likely during the latter half of 2024, given how the
Top-rated AI stocks enjoyed a dominant 2023 as more investors realized the potential of this technology. But, when stocks experience significant rallies, it’s easy to wonder if they are due for corrections. Many AI stocks have continued to perform well in 2024, including some of the picks on this list. However, some AI stocks have
The U.S. saw a record 1.2 million EV sales in 2023 amidst high inflation and interest rates and a drop in EV demand. However, this gives us pause to consider the effects of low inflation for EV makers. Now is the best time to consider the best EV stocks to buy. Further, new leader BYD (OTCMKTS:BYDDF)
With even the Federal Reserve’s hawks like John Williams indicating that the central bank is done raising rates for the foreseeable future, the outlook for rates has become much more certain. As a result, companies are becoming more comfortable borrowing the funds needed to acquire other firms. Given the latter situation, I expect mergers and
If you’re looking for reliability, you can’t go wrong with most of the blue-chip stocks. You get proven businesses that have stood the test of time. Better, you’re investing in a company that’s not likely to go out of business any time soon. All because most offer products and services millions of us use every
SoFi Technologies (NASDAQ:SOFI) stock presents a compelling buying opportunity for investors seeking upside in 2024. The company has several catalysts for investors to hone in on, including the resumption of student loan payments and continued ecosystem growth with the company’s expanding portfolio of products. Improved deposits in the third quarter, reaching $15.7 billion, highlight consumer
Identifying the next big opportunity can be as elusive as stock market rewards. Identifying the hidden potential within the stock market often demands keen insight and strategic analysis. This article explores three stocks ready to skyrocket with unique catalysts that catapult their value to unprecedented heights. Read more to unpack the layers of their operational