Rivian Automotive (NASDAQ:RIVN) stock is once again moving lower, on the “news” a bearish research note from UBS’s Patrick Hummel. In the report, Hummel argues that the U.S. is on the verge of an automobile glut. With supply chain bottlenecks easing, automakers across-the-board are increasing production, even as demand is at the risk of cooling,
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C3.ai (NYSE:AI), a pure-play enterprise AI software provider, has been one of the high flyers of the market in 2023. Since the start of the year, AI stock has gone from strength to strength. As of the time of writing, shares are up more than 90% since the start of the year. However, recent developments,
In this article AI AMC LEVI XPO Follow your favorite stocksCREATE FREE ACCOUNT A consumer shops in a Costco store in Miami on Sept. 28, 2021. Joe Raedle | Getty Images Check out the companies making headlines in midday trading. Costco — The wholesale retailer’s shares dropped 2% after the company announced sales dipped 1.1%
There are plenty of investors who are rightly concerned about the potential for a market crash. Inflation continues to remain hot, and the Federal Reserve is doing what it can to bring inflation down. That means higher interest rates, which depress valuations. Thus, stocks are getting hit across the board. For growth investors, this pain
The energy sector had a blockbuster year in 2022, and actually turned out to be the best-performing sector overall. Thus far, 2023 has not played out well for investors in this sector, with energy stocks falling 4.23%, based on the S&P Global 1200 Energy index. Those negative returns contrast poorly with the broader S&P 500, which
The 2022 tech wreck wiped out 40% of Alphabet’s (NASDAQ:GOOG) equity value. However, 2023 has brought GOOG stock within 3% of where it was two years ago. The company behind Google is now worth $1.33 trillion, making it the third most-valuable of the “Cloud Czars” behind Apple (NASDAQ:AAPL) at $2.6 trillion and Microsoft (NASDAQ:MSFT) at $2.1 trillion. But neither of the
In this article FDX LEVI RELL Follow your favorite stocksCREATE FREE ACCOUNT Sopa Images | Lightrocket | Getty Images Check out the companies making headlines before the bell: Richardson Electronics – Shares rose about 0.7% after Richardson Electronics reported a smaller backlog in its third fiscal quarter than it did in the same quarter a
Looking for dividends, value and potential growth in the pharmaceutical market? Take a look at Pfizer (NYSE:PFE) stock, as it checks all of these boxes. Moreover, Pfizer’s pipeline of products in 2023 will expand far beyond Covid-19 vaccines. Sure, it may have been possible for Pfizer to rely heavily on Covid-19 vaccines as a revenue
Much like the internet defined the first 10 years of the 21st century, electric vehicles may be the story of the next decade. In 2020 and 2021, any stock with exposure to electric vehicles, no matter how tertiary, took off with the thought that this time would be different. But in 2023, this is a
You know how the saying goes. The best time to plant a tree, or build generational wealth, was 30 years ago. The second-best time is right now. For those looking to pass something down to their grandkids, there’s always the question of what the best sort of investment is. Sure, bonds now carry yields we
In this article Follow your favorite stocksCREATE FREE ACCOUNT Ramona Persaud Source: Fidelity The broader market suffered in 2022 as the Federal Reserve embarked on its rate-hiking campaign. Amid the tumult, the Fidelity Equity-Income Fund (FEQIX) outperformed the broader market with a total return of -5.07% – the result of portfolio manager Ramona Persaud’s search
In this article PLTR NVDA WAL JNJ 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. Nvidia – Shares of the chipmaker slid about
The global energy crisis has brought forward new opportunities in renewables. As the world shifts from fossil fuels to renewable energy sources, solar energy will play a vital role in the transition. The International Energy Agency (IEA) predicts that solar photovoltaic (PV) capacity will triple over 2022 -2027. Despite increased investment costs recently due to surging commodity
With the movie-theater sector continuing to face very tough challenges and AMC (NYSE:AMC) still carrying a tremendous debt load, AMC stock remains tremendously overvalued, and its long-term outlook is terrible. Theaters Are Still Struggling In line with my previous predictions, movie theaters are struggling, even though the coronavirus pandemic is in the rearview mirror. Since
In recent weeks, Rivian Automotive (NASDAQ:RIVN) has started to make a steady move to higher prices. After hitting a new all-time low during mid-March, during the last few trading days of the month, investors warmed back up to Rivian stock. This was due to speculation that the electric vehicle (or EV maker) would beat estimates
In this article JNJ ZION CLNE ALB LW FDX EXEL Follow your favorite stocksCREATE FREE ACCOUNT A FedEx delivery man is seen on Chestnut Street in San Francisco on January 11, 2023 as atmospheric river storms hit California, United States. Tayfun Coskun | Anadolu Agency | Getty Images Check out the companies making headlines before
Amazingly, ChargePoint’s (NYSE:CHPT) revenue acceleration still hasn’t been reflected in CHPT stock. This isn’t a problem, though, as it’s just an opportunity to take a share position in ChargePoint before the investing community realizes the company’s true value. When that happens someday, ChargePoint’s patient shareholders should reap huge benefits. ChargePoint is among the earliest players in
Following last month’s banking crisis, investors are on the prowl for bargains among financial stocks. When searching for low-priced bank stocks on a screener, Ally Financial (NYSE:ALLY) stock is likely to pop up. Changing hands for around $25 per share today, this automotive-focused bank also trades at a sizable discount to its book value of
After pulling back during February and early March, Carvana (NYSE:CVNA) shares have been on the rise over the past few weeks. With its move back to around $9.50 per share, CVNA stock is again one of this year’s top performers. This year, the stock has more than doubled. That’s some strong performance. That said, I think speculators are
In this article CAT K-CA NEM ETSY AMC VORB NOW Follow your favorite stocksCREATE FREE ACCOUNT Richard Branson’s Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019. Mike Blake |