American parents spend a lot of money on back-to-school shopping. The National Retail Federation forecasts that parents in the U.S. will spend a record $41.5 billion on back-to-school shopping in 2023. Individually, parents will shell out an average of $895 each getting their kids ready to return to the classroom, with clothes and electronics comprising the
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Traders work on the floor of the New York Stock Exchange, July 12, 2023. Brendan Mcdermid | Reuters Check out the companies making headlines in midday trading. Oracle — Shares dipped more than 12% a day after the software company posted disappointing earnings and revenue guidance for its fiscal second quarter. Oracle’s revenue, which came in at
The world’s rapid transition to renewable energy and the electrification of transportation will require it to utilize certain metals on a much wider scale going forward. For the purposes of American stock investors, it’s most noteworthy that the amount of copper, silver, and lithium extracted and used will have to surge tremendously. This has led
In the stock market, investors constantly seek opportunities promising substantial investment returns. Amidst this quest for profitable prospects, three companies listed in the article have emerged as prime candidates poised for explosive growth. These companies are rewriting the rules in their respective domains. They are making waves with their visionary approaches and unwavering commitment to
In 2023, Chinese stocks have massively underperformed in developed markets contrary to expectations. Investors anticipated a lift from economic growth after the end of the COVID-19 lockdown measures, but this has yet to materialize. Instead, the Chinese economy has been weak and government efforts to stimulate the economy are failing. While China’s economic weakness has
Navigating the stock market’s tumultuous seas is daunting. One moment, you’re riding the wave of a booming tech stock. Next, you’re being pulled under by an unexpected market downturn. But amid the ebb and flow of market trends, there lies a treasure trove of opportunities. One sector making waves lately is the metaverse. Undervalued metaverse
Safra Catz, CEO of Oracle Corporation, rings the opening bell at the New York Stock Exchange (NYSE) in New York City, U.S., July 12, 2023. Brendan Mcdermid | Reuters Check out the companies making headlines before the bell Oracle – Shares fell 10% before the opening bell after the company posted weaker-than-expected revenue and revenue
Last month, I declared Advanced Micro Devices (NASDAQ:AMD) stock a must-own artificial intelligence chip play. Now, I’m kicking it up a notch. AMD deserves to be the eighth member of the “Magnificent Seven” group of famous U.S. technology firms. Maybe it’s controversial to say this, but AMD deserves to be on the Mount Rushmore of
When it comes to identifying the pulse of contemporary stock market trends, it’s tough to overlook the burgeoning influence of Reddit. Investing subreddits in particular have steered notable stock shifts and even reshaped market narratives. Among the stocks creating a buzz, AI stocks have taken center stage this year, especially with stalwarts such as Nvidia
In May, Nvidia (NASDAQ:NVDA) briefly reached a $1 trillion market value, propelled by its success in the AI sector, with its stock tripling in less than eight months thanks to the growing interest in generative AI. Given the stock’s impressive momentum, many are now considering the potential from here. If a stock like Nvidia can
Sometimes, even the most promising growth stories can have unfortunate endings. China-based electric vehicle manufacturer Nio (NYSE:NIO) has come a long way during the past several years. Yet, Nio’s recent financial and operational data don’t support a long position in NIO stock right now. Plus, Nio is embarking on a business venture that could turn out
Plenty have thrown in the towel with positions in Lucid Group (NASDAQ:LCID), but many analysts and investors remain optimistic about the future prospects of LCID stock. While others have headed for the exits, they’ve held on, continuing to argue the consistently-questionable bull case for the struggling electric vehicle maker’s shares. In fact, just recently, the
Generally, onlookers dismiss large-cap stocks to buy as the arena for ultra-conservative investors; you know, the type that mimics Warren Buffett’s every move. There’s absolutely nothing wrong with that. However, if you want a little spice in your portfolio, you can still find it among the industry stalwarts. At first, the concept of high-potential large-cap
As the digital era transforms, fifth-generation (5G) wireless technology emerges as the linchpin of tomorrow’s connectivity. That represents a colossal shift. It promises to revolutionize sectors such as machine learning, cloud computing, and the Internet of Things (IoT). The clamor for 5G is clear, particularly in sectors such as autonomous driving and the burgeoning metaverse.
Where will all of the electric vehicle (EV) batteries go when they die? Fortunately, most won’t end up in landfills. Instead, according to Car and Driver, they’re often sent to firms that break down the battery packs into their different materials. That includes wires, plastics, and circuitry, for example. The cells are also crushed to
Artificial intelligence took center stage in late 2022 with the release of ChatGPT and similar apps, sparking a surge in AI-related stocks. AI ETFs have outperformed the Standards and Practices (S&P) 500 this year, with RBOT up 24% while SPY was up 18% by mid-year. Investors seek exposure to this growing sector. Assessing an AI
Weight-loss drugs are taking the U.S. by storm. JPMorgan Chase (NYSE:JPM) is forecasting that the market for weight-loss medications could reach $100 billion in annual sales. The new class of drugs, known as “incretins,” has been shown in clinical trials to suppress appetite and reduce food intake. This, in turn, leads to dramatic weight loss
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Some of the best oil stocks have seen significant price action in the last few years. This has been in sync with the volatility in crude oil since the pandemic. From historic lows during the pandemic, crude oil surged well above $100 per barrel. However, as growth concerns increased on the back of tightening monetary
In the global push for clean energy, it seems increasingly likely that hydrogen will play a big role. Last year, more than 20 countries agreed to “boost output of low-emission hydrogen to at least 90 million tonnes a year by 2030” from current levels of one million tonnes annually. That is an indicator of the
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