Shares of several electric vehicle makers are in the red as macroeconomic challenges and geopolitical tensions are weighing on the demand for electric vehicles. Moreover, the ongoing price war triggered by intense competition is dragging down the profitability of EV makers. Another concern is President Joe Biden’s quadrupling of tariffs on Chinese EV makers. Nonetheless,
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Nvidia (NASDAQ:NVDA) has long dominated the market for high-end graphics processing units. Gamers and content creators have already been quite familiarized with Nvidia’s GPUs for years now. However, Nvidia stock has been redefined by generative artificial intelligence. Nvidia’s share price has skyrocketed more than 219% over the past 12 months. Shares now trade at around
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With hurricane season rapidly approaching, investors need to be prepared for the potential financial impact. Historically, hurricane season has wreaked havoc on various industries, leading to substantial losses. The insurance industry is particularly heavily affected and faces damage claims caused by hurricanes. The 2024 hurricane season is predicted to be particularly intense, with experts forecasting
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Billionaire activist investor Daniel Loeb describes the strategy at his Third Point hedge fund as “an event-driven and value approach.” He looks to unlock shareholder value through special situation investing, whether it is mergers and acquisitions, restructurings or other catalysts that can spur gains. Loeb started Third Point with just $3 million in 1995 and
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Pursuing long-term prosperity often leads one to investigate blue-chip stocks, which are industry leaders in stability, resiliency, and potential for long-term growth. Indeed, there are three major opportunities in this field. With its strategic focus on capacity expansion and technological progress, the first one may capitalize on emerging market opportunities. Moreover, its leadership in extreme
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“That’s what the money is for!” The climactic line from the series Mad Men explains why I just sold my shares of Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL). If you have Alphabet stock consider following suit. Technology is a business of ideas, implemented by talented, enthusiastic, and fully empowered employees. It’s not like manufacturing. Google’s I/O developer conference has
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For quite some time, the concept of dividend stocks to buy encountered a huge obstacle: the consistently robust and outperforming monthly jobs report. However, the latest employment picture for April finally showed a slowdown, which may give the Federal Reserve the cover that it needs. After seeing inflation skyrocket following the Covid-19 disaster, the central
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It’s been nearly two weeks since Warren Buffett presided over his company’s annual shareholder meeting in Omaha. The ritual has become a must-attend for those in the industry and Berkshire Hathaway (NYSE:BRK.B) shareholders. There’s no question Berkshire Hathaway stock remains very attractive for long-term investors. The media’s gone over many of the highlights, so I
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There are several cheap  penny stocks that investors can consider, even as major market indices like the S&P 500 and Nasdaq continue to rise. The performance of these stocks can be influenced by the overall economic environment, potentially leading to significant returns for investors. The three penny stocks discussed in this article are highly recommended
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Only 175,000 jobs were added in April. That figure came in below expectations, and unemployment ticked higher to 3.9%. Stocks rocketed higher on the news despite a cooling labor market. What gives? Prospects of a cooler job market are raising hopes that the Fed will act more swiftly with interest rate reductions. Lower interest rates make borrowing money easier and stimulate the economy.  This
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