The last 12 to 18 months has been disappointing for EV stocks. Some of the best names in this space have plunged. The reasons include overvaluation, supply-chain concerns, macroeconomic factors, and intense competition that is impacting growth. However, it seems that some of the best EV stocks are now trading at attractive valuations. With industry
Editor’s note: “Buying Opendoor Stock Now Could Be Like Buying AMZN in 1997” was previously published in May 2023. It has since been updated to include the most relevant information available. Anyone who follows me knows this: I’m super bullish on Opendoor (OPEN) stock. Indeed, buying Opendoor stock today could be like buying Amazon (AMZN)
Display showing Gecko character for GEICO Insurance during the Berkshire Hathaway Annual Shareholder Meeting in Omaha, Nebraska. Yun Li | CNBC Berkshire Hathaway shareholders attending this year’s meeting will want to know more about the company Warren Buffett once called his “favorite child” – the auto insurer Geico. With tens of thousands of shareholders in
Artificial intelligence (AI) has been the dominant investment theme so far this year. Given how it can (and will) revolutionize so many businesses, that’s no surprise. It’s also no surprise that investors are looking for the best artificial intelligence stocks of 2023. Put simply, they want AI stocks with huge upside potential. While we’re only
Block (NYSE:SQ), the payment processor formally known as Square, is down 7% on the year while shares in other payment processors, like Visa (NYSE:V), are up. Most of the damage was done by a March 24 report from short seller Hindenburg Research. The report claimed 40%-75% of Block’s users were fake, involved in fraud, or
Fintech is revolutionizing the banking sector. In fact, artificial intelligence (AI), and blockchain could lead to a far more efficient and accessible system. Fueling the boom, we’re already seeing a good deal of global cashless payments. According to PwC, global cashless payment volumes are expected to jump to more than 80% by 2025. Plus, according
In this article PACW TRIP SHAK SHOP Follow your favorite stocksCREATE FREE ACCOUNT The Western Alliance Bancorporation logo is seen in this photo illustration on 13 March, 2023 in Warsaw, Poland. Jaap Arriens | Nurphoto | Getty Images Check out the companies making headlines in midday trading Thursday. Paramount Global — The media stock cratered
While most financial advisors may direct you to blue-chip stocks to buy now, the problem with this well-meaning concept is that everybody else also has the same idea. Because of their massive footprint, these high-profile companies feature transparent, predictable businesses. However, the other side of this relationship centers on a decided lack of upside potential.
When it comes to Lucid Group (NASDAQ:LCID) right now, all eyes are on the electric vehicle company’s upcoming earnings release on May 8. Some may be optimistic, but many are concerned that the release will result in LCID stock tanking. InvestorPlace contributor David Moadel sees this happening, as he argued last month. Mainly, because Lucid’s disappointing
Tesla (NASDAQ:TSLA) stock certainly has many powerful, positive catalysts at this point. Among these drivers are the rapid growth of electric vehicle sales in China, the U.S., and Europe, and Tesla’s very powerful brand. Additionally, the U.S., the E.U., and China are all taking legal and regulatory steps to greatly boost the deliveries of EVs
The stock market has been waiting all year long for one thing: the Fed to pause its rate-hike campaign. Yesterday, the central bank signaled it is getting ready to do just that and, in so doing, gave stocks permission to soar. The story here is shockingly simple. In the end, it all comes down to
The world’s foremost artificial intelligence stock trading algorithm, An-E, predicts that Assertio (NASDAQ:ASRT) stock will gain 3% by June 1. An-E (pronounced Annie) has made this kind of prediction before. Back in December, Wall Street was bullish on Johnson & Johnson (NYSE:JNJ). Analysts were convinced JNJ could only go up… but An-E knew better. The
There’s no need to worry that video game retailer GameStop (NYSE:GME) will end up like Bed Bath & Beyond (NASDAQ:BBBY). There are important differences between GameStop and Bed Bath & Beyond, and GME stock actually has the potential to make a multi-bagger move in 2023. Some folks might lump GameStop into the same category as
In recent months, fintech stocks have experienced a bumpy ride. Despite these setbacks, the global financial infrastructure’s digital transformation should continue attracting growth-oriented investors searching for the best fintech stocks. The industry’s trailblazers are capitalizing on the growing momentum by offering innovative services to both individuals and businesses. The Global Fintech ETF (NASDAQ:FINX) 6-month return is
The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California on March 9, 2023. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in premarket trading. Paramount Global – The media company slumped 10.4% after reporting quarterly profit and revenue that missed analyst forecasts, and slashing
Finding stocks that will outperform the market is a daunting task in any market. It’s challenging when every sector in the S&P 500 is getting hammered. So I punted and asked the generative AI chatbot that powers Bing chat to make some AI stock recommendations. To begin with, I’ll say that I agree with the
Henrik Fisker, CEO of electric vehicle manufacturer Fisker (NYSE:FSR), declared that his company has a “unique business model.” However, it’s not a proven business model yet. FSR stock looks risky in 2023 as Fisker’s ambitious goals don’t ensure financial or operational success in the U.S. or abroad. Fisker’s “unique” business model involves getting the Ocean electric
Analyst stock upgrades and downgrades create powerful headlines that will move the underlying shares. Investors should take advantage of the price swings analysts create, especially when they make the wrong calls. Stock price changes are noisy. Investors may use the stock volatility to buy a stock at a temporary discount or sell on a spike.
Sustainable investing is gaining in popularity. The good news for investors is that there have never been more options available when it comes to making socially responsible capital allocations. For those on the hunt for sustainable investing stocks to buy, many successful and profitable companies are tackling climate change and seeking to improve their impact
Artificial intelligence (AI) stocks are one of the hottest trends of the year, and with good reason. Almost every week, it seems, we see some exciting new development with AI-powered text, images and even animation. But amid the hype, there are a number of overvalued AI stocks that are ripe for a sell-off. AI is