Last week, meme investors “discovered” Rite Aid (NYSE:RAD), sending its shares up 70%. The Wall Street Journal would quickly give the company a meme stock crown. For most traditional investors, Rite Aid looks like a terrible bet. The struggling drug retailer hasn’t been profitable since 2017, and a deal five years ago to sell 1,932
I have long believed that consumers, who have skimped on buying goods and splurged on travel for over a year, would start to reverse those trends in the second half of 2023. Recently there were two signs that my prediction is coming true. Specifically, Intel (NASDAQ:INTC) reported that the sales of PCs were starting to
Solar stocks had a great year so far, with the 2022 Inflation Reduction Act including multiple incentives for homeowners to jump on the solar bandwagon. Provisions that included tax credits led to a 40% jump in U.S. household solar installation. The tide may be changing though. Recent human rights allegations mean dark clouds are forming
Rivian Automotive (NASDAQ:RIVN) shareholders are certainly reaping the rewards of this bull market in the EV sector. Indeed, shares of the EV manufacturer recently surged nearly 90% over just nine sessions. While RIVN stock has since given up some of these gains, it still has almost doubled from its $13.45 level on June 26. Investors
At first glance, the idea of gold dividend stocks to buy might seem unusually risky. For one thing, the experts don’t seem to like it. Perhaps rather infamously, John Maynard Keynes called the gold standard “a barbarous relic.” The Oracle of Omaha Warren Buffett stated that gold is “forever unproductive.” On the other hand, the
The energy market went through a bit of a downturn. Natural gas prices crashed earlier this year amid unseasonably mild weather. And crude slipped to 52-week lows as demand wavered and the Biden Administration delayed plans to refill the country’s strategic reserve. However, oil stocks are turning upward again now, along with the price of
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In this article PNC MTB BYND PLTR IFF Follow your favorite stocksCREATE FREE ACCOUNT Getty Images PNC Financial, Citizens Financial, M&T Bank — Regional bank stocks were broadly under pressure on Tuesday after Moody’s downgraded the credit in several smaller institutions. The ratings agency also said some larger banks were under review for a downgrade.
Recent reports show the U.S. gross domestic product (GDP) grew at an annual rate of 2.4% from April to June 2023, a faster rate than formerly predicted. The economy is shaping out to be even more resilient to avoid a recession this year. UCLA Anderson Forecast predicts two possible paths for the economy. Either growth
After the year-to-date rally, the overall market is approaching overvalued territory. However, the financial sector offers value after a disappointing first half. During the regional banking crisis, some of the best financial stocks declined sharply as investors threw out the baby with the bath water. The sell-off in banks after the collapse of Silicon Valley Bank
In the investing world, we’re all on the perennial quest for the golden goose – or stocks to double your money. As investors strategically sail through the fluctuating financial landscape, they are increasingly anchoring their hopes on growth stocks. These stocks, which once soared on the wings of strong top-line growth and bullish market sentiment,
The cloud consists of data centers loaded with servers and data storage systems. All of those data centers, of course, contain huge amounts of data. By using the cloud, companies enable themselves and their customers to quickly and easily access their information. This has led to the rise of the best cloud computing stocks to
Amid market volatility, enduring investments are hard to find. However, a few resilient, innovative blue-chip stocks offer competitive prices and total returns over the long term. The first stock, fueled by AI and loyalty achievements, thrives internationally. Digital innovation and strategic initiatives underpin its growth, with global expansion yielding remarkable results, especially in China. With
In this article MTB SATS PLTR UPS HIMS LOW HD Follow your favorite stocksCREATE FREE ACCOUNT A UPS worker checks an Amazon box to be delivered in New York. Eduardo Munoz | Reuters Check out the companies making headlines in premarket trading. Sagimet Biosciences — Shares of the biopharmaceutical company popped 31% following an upgrade
Those looking to invest in flying cars technology are likely excited about some recent developments in this cutting-edge technology. The Federal Aviation Administration (FAA) has awarded special certificates to several startups to begin testing flying vehicles in the United States. While the industry is in the nascent stages, the move by the aviation regulator shows
Consumer stocks have been a mixed bag for investors in 2023. The Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) is up 34.5% so far this year, making it the S&P 500’s third-best-performing sector. Meanwhile, the Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) is basically flat. Today’s list of consumer stocks to sell contains a discretionary high-flyer,
Archer Aviation (NASDAQ:ACHR) stock got a boost this week. The company became the unquestioned leader in the electric vertical take-off and landing business this last week. That’s thanks to a $142 million contract from the U.S. Air Force. The contract is for six of its “Midnight” craft. The deal comes with training, repair, and data
EV charging stocks are among the best bets right now due to the surging electric vehicle sales and substantial future potential for growth. According to the National Renewable Energy Laboratory, “…by 2030, EVs could account for 30–42 million light-duty vehicles on the road.” They estimated that “…to support a mid-adoption scenario of 33 million EVs
Last month, electric vehicle stocks spiked in price, including Lucid Group (NASDAQ:LCID). There are two reasons why LCID stock and other names in the space moved higher. For one, there were rising hopes of improvements ahead for the two biggest issues weighing over both the economy and the stock market: high inflation and high interest
Tesla (NASDAQ:TSLA) stock provided investors with big losses in 2022, but this year has been completely different. On a year-to-date basis, TSLA stock has surged more than 130% higher, obliterating the Nasdaq index and most of its growth peers, for that matter. Of course, as a leading EV manufacturer, Tesla provides many catalysts for growth insteps