It’s worth noting that blue-chip stocks go through their own bull and bear phase. Nvidia (NASDAQ:NVDA) was under-performing until October 2022. The massive rally in the last three quarters has more than compensated for the bear phase. With strong fundamentals, several other undervalued blue-chip stocks are worth considering for the long-term even as the markets
Stock Market
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
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
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
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
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
The International Energy Agency expects to see electric vehicle sales of around 14 million by the end of this year. Governments across the world are trying to increase EV popularity. National policies and incentives will likely help with sales. The U.S. expects to deliver a 50% market share for electric cars by 2030. The European Union
Weed, gold, and electric vehicle chargers. This unlikely trio stands among the best investments that can possibly double your money in the next year. Each stock at under $5 has potential to surge in the coming quarters, creating diversified sub-portfolios of high-beta names. Many investors want to modify asset allocation strategy based on the market
The market’s strong rebound this year is driven by excitement over AI advancements, boosting major indexes. Nvidia (NASDAQ:NVDA) stock dropped 4.9%, Microsoft (NASDAQ:MSFT) fell 2.7%, and Alphabet (NASDAQ:GOOG) slipped 2.4%, partly due to credit rating agency Fitch downgrading the U.S. debt rating. Quarterly results of another AI-focused firm fell short of expectations, contributing to the
Income investors should focus on stocks that pay solid yields but also those that have sustainable payouts and strong business models. The Dividend Kings are an excellent place to look for stocks with sustainable dividends, as they have raised their dividends each year for more than 50 consecutive years. The following three Dividend Kings have
This week, special counsel Jack Smith brought four charges against Donald Trump. The indictment against the former U.S. president alleges that he conspired to overturn the 2020 presidential election, severely undermining the electoral process. For the first time in our nation’s history, we are preparing to put a former president on trial for attacking the
After more than a year at sub-$10 per share prices, including a brief trip to penny stock territory, SoFi Technologies (NASDAQ:SOFI) shares are back in the double-digits. Chalk this all up to a well-received earnings late last month for SOFI stock. However, almost as quickly as they spiked back into the low-teens, shares in this
Artificial intelligence and data analytics are two of the most revolutionary technologies of our time, and at the heart of this revolution is Palantir Technologies (NYSE:PLTR). This software giant has carved out a significant slice of the market with its innovative data integration and AI-driven platforms, but is PLTR stock a wise investment choice after
It’s time to buy battery stocks. With the world going green, we’re seeing a massive shift to electric vehicles. Coupled with government incentives, stricter emissions regulations, advancements in technology, and global leaders demanding millions of EVs in the next decade, anything EV-related has been explosive. That includes demand for electric vehicle batteries. “As the global
For all the focus on Nvidia (NASDAQ:NVDA), Advanced Micro Devices’ (NASDAQ:AMD) strategy in the AI space is steadily gaining momentum. While it has yet to benefit significantly from its high-end AI accelerators, the company is set to ship these in Q4. Moreover, large-scale cloud service providers have been considering these accelerators as alternatives to Nvidia.
It shouldn’t surprise anyone in the U.S. that July 2023 was the hottest month ever recorded on Earth. It is so hot that some cities have gone an entire month without temperatures falling below 100 degrees Fahrenheit. Coincidentally, 2023 has been the summer for sizzling stocks. The S&P 500 is up nearly 10% since the
Here’s some eye-popping math for you. From its July 26 closing price of $9.38 to its final price of $13.27 on July 28, QuantumScape (NYSE:QS) stock rallied approximately 41.5%. Today, I’m going to recommend that QuantumScape’s investors got lucky and should strongly consider taking profits. There may be even a short-selling opportunity here. That’s how irrational
Palantir (NYSE:PLTR) stock is among the names that have seen impressive moves in recent weeks. In fact, shares of PLTR stock surged over 10% because a veteran Wall Street analyst initiated coverage and had some positive remarks. The market’s momentum further boosted gains. While many analysts on Wall Street have been bullish about the stock,
I don’t know if you’ve been following the Elon Musk rebranding of Twitter. He’s now calling it “X” and plans to turn the social media platform into a super app where you can do just about everything. “In the months to come, we will add comprehensive communications and the ability to conduct your entire financial
Li Auto (NASDAQ:LI) stock could be on the move as the company is due to report earnings Aug. 8. Analysts expect about 24 cents/share of earnings on revenue of $3.7 billion. Those are huge gains from a year ago, when there was a loss of 3 cents per share on revenue of $1.22 billion. Things
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