Monday, November 18, 2024
There’s a substantial amount of fear in the market. At one point on Monday, the Dow Jones was down more than 1,000. This may have been for a number of reasons. One, the Federal Reserve may have to get aggressive with interest rates in order to slow inflation. “Over the past month, the Federal Reserve […]
Electric vehicle stocks, like NIO (NIO), could accelerate well into 2022, for three very important reasons. First, governments all over the world are racing to reduce carbon emissions. In fact, the U.S. just pledged to reduce emissions by as much as 52% over the next several years. Europe wants to cut CO2 emissions by up […]
If you want to spot potential opportunity, pay attention to insider buying. After all, who knows a company better than an insider? In fact, if an executive or board member at a company is buying a sizable number of shares, it’s often a good idea to start looking into why, and perhaps follow them into […]
The coronavirus pandemic isn’t finished with us just yet, but hopefully it’s nearing its end. On Monday, the U.S. reported 1.08 million new cases of COVID-19, according to the Johns Hopkins University of Medicine’s Coronavirus Research Center. “The new daily tally brings the total number of cases confirmed in the U.S. since the start of […]
One of the top stocks of 2022 could be Roblox Corp. (RBLX). Here are my top four reasons why. For one thing, it’s oversold. Over the last few weeks, RBLX pulled back on new monthly users, and booking metrics were lower than expected. In fact, for November 2021, daily average users were up 49.4 million, […]
The electric vehicle story is accelerating as we head into 2022. While EV stocks, like Tesla (TSLA) are still red-hot, another one to keep an eye on is XPeng Inc. (XPEV), a $38.6 billion EV company based in China. XPEV stock is technically oversold. However, after pulling back from about $55 to $39, the stock […]
Most of us are exhausted from pandemic news. Unfortunately, it’s not over just yet. All as the number of Omicron cases nearly doubled over the last few days. In fact, reports CNBC: “The omicron variant is raging across the world as the winter holiday season approaches. The strain has been found through testing in 43 […]
After falling from $68 to a about $55, the oversold pharmaceutical stock is just starting to pivot higher. From a current price of $60.82, we’d like to see the stock retest $69.19. Over the last few days, Bristol Myers Squibb raised its quarterly dividend to $0.54 per share from $0.49, boosting the annual dividend to […]
Best Buy (BBY) shares have been clobbered, all thanks to disappointing gross margins in the company’s latest earnings report. However, after dropping from $140 to about $102.50, the pullback has become overkill. At current prices, not only has the BBY stock found strong support dating back to early 2021, but it’s also become aggressively oversold […]
Apple Inc. (AAPL) doesn’t seem to know the meaning of down. Since finding support around $137.50 in October, the $2.87 trillion tech giant’s stock exploded to a high of $174.59—and according to Morgan Stanley analyst, Katy Huberty there’s further upside ahead. In fact, Huberty believes Apple could race to $200 a share, and become a […]
