Most investors fail to realize that a stock price has nothing to do with the underlying company, as more than 90% of the time, there is a wide gap between value and price. How come businesses like PepsiCo Inc. NASDAQ: PEP, which have a solid global presence with sales coming in almost auto-pilot mode, are…
In today’s environment, the lion’s share of market attention is focused on two main things. First, most have headed to the technology sector, particularly stocks like NVIDIA Co. NASDAQ: NVDA, exposed to the hype around artificial intelligence expansion and adoption throughout the global economy. The second area commanding the most market attention is the promise…
U.K.-based semiconductor company Arm Holdings plc NASDAQ: ARM stock is up 141% year-to-date (YTD). The artificial intelligence (AI) revolution is driving big gains as it becomes more apparent that Arm will continue to be a large benefactor from AI tailwinds. While Arm is a semiconductor company, it doesn’t actually manufacture computer chips. Instead, it designs,…
First Solar’s NASDAQ: FSLR stock price is in the depths of a correction that will soon end. The correction is due primarily to political fears that have little to do with underlying demand and the long-term outlook for profits. The takeaway for investors is that the Q1 results were strong, the guidance favorable, and the…
Luxury casino resorts operator Wynn Resorts Ltd. NASDAQ: WYNN shares have fallen 4.7% year-to-date (YTD), trading closer to its 52-week lows at $81.65 than its 52-week highs of $112.25. The artificial intelligence (AI) boom has siphoned the bulk of investor money, leaving fledging casino stocks to severely underperform the S&P 500 index, up 16.69% YTD….
MGM MGM Resorts International $43.52 +0.48 (+1.12%) (As of 02:23 PM ET) 52-Week Range $34.12 ▼ $51.35 P/E Ratio 16.74 Price Target $54.66 Casino stocks are the proverbial “rough neighborhood” in 2024, with the major players like Las Vegas Sands Co. NYSE: LVS and Wynn Resorts Ltd. NASDAQ: WYNN trading down 14.4% and 9.22%, respectively. The…
Coined by Bank of America’s chief investment strategist Michael Hartnett, the Magnificent 7 is a group of seven technology companies known for their significant market capitalization and impact on global markets. The Magnificent 7 currently includes e-commerce giants Amazon.com and Alphabet, consumer tech providers Apple and Microsoft, EV leader Tesla, semiconductor manufacturer NVIDIA, and social…
Last week, Koss Corp. NASDAQ: KOSS surged over 200% on abnormal volume and meme speculation. The stock traded over 100 million shares combined on Wednesday and Friday, compared to its average volume of just 1.9 million shares, highlighting its current high activity. But what caused this wild price action and volume? Meme-Mania Fuels Koss Surge…
$87.87 -1.10 (-1.24%) (As of 02:12 PM ET) 52-Week Range $85.08 ▼ $156.98 P/E Ratio 11.76 Price Target $156.64 Chinese technology stocks have been taking a tumble in 2024. A combination of geopolitical and trade tensions, macroeconomic uncertainty, and growth slowdown have been negative drivers that have caused investors to rethink the potential of these companies….
The lion’s share of market attention is now mainly concentrated in the technology sector, particularly around stocks related to artificial intelligence and its quick rise to adoption and expansion in the global economy. One stock should come to mind when this environment is described, and that is NVIDIA Co. NASDAQ: NVDA, a company that briefly…