For long stretches in 2021, Block (NYSE:SQ) was a $250 stock. For even longer stretches, SQ stock has traded around $50. It’s hard to know what the “true” value is of the fintech led by Jack Dorsey. One thing I know for sure is that it will probably continue to be a wild ride for
Stocks to buy
Better-than-expected labor productivity data for the U.S. economy reported on Nov. 2 was the reason behind the huge stock market rally that day. “Non-farm productivity, which measures hourly output per worker, increased at a 4.7% annualized rate,” Reuters reported. That was the largest surge of the metric in three years. In fact, the power of
As economic uncertainty rises, blue-chip stocks to buy can provide stability for the prudent investor. Typically, these are resilient and established businesses with a track record of steady performance. In addition, in prior downturns, they have preserved capital relative to the market. In today’s financial markets, you must bolster your portfolio with blue-chip stocks. Rising
The world of stock investing is akin to a pendulum, consistently swinging between highs and lows. Though the current market indicators may seem a far cry from their peak two years ago, history is on the side of perseverance. It’s a simple yet profound truth that every downturn in the stock market brings with it
While Lucid Group (NYSE:LCID) has seen LCID stock drop in 2023, down more than 26% year-to-date, it could always be worse. It could be Polestar Automotive (NASDAQ:PSNY). Its shares are off nearly 60%. I can’t remember the last time I wrote about Lucid. It turns out it was this past June. I wrote about three
The recent decision by the Federal Reserve to maintain steady interest rates highlights a complex situation that policymakers are grappling with. Despite the robust performance of the U.S. economy, there is uncertainty at the central bank regarding the tightness of financial conditions necessary to rein in inflation, which still exceeds its 2% target. Fed Chair
China-based electric vehicle (EV) manufacturer Nio (NYSE:NIO) can’t seem to catch a break on Wall Street lately. NIO stock is far below its peak price in 2023. However, the market will re-rate Nio sooner or later, and now’s the time to take advantage of low share prices. I’m not claiming that Nio is a perfect company right
Real estate investment trusts (REITs) are among the core options for income-based investing. I would go as far as arguing that REITs don’t even have to be located in tax-efficient accounts, as their dividend yields are so substantial that taxes don’t erode their compounding potential. Moreover, some REITs are positioned for solid capital gains after
SoFi Technologies (NASDAQ:SOFI) stock has strong comeback potential, but be careful. Required federal student loan repayments resumed in October, and that’s certainly good news for SoFi Technologies. However, you’ll definitely want to conduct your due diligence on SoFi’s financials before making any investment decisions. October certainly was a good month for SoFi Technologies. For instance, SoFi
Brand power is real. The brand that consumers associate with a company is quantifiable and something valued. For example, Statista claims that Amazon (NASDAQ:AMZN) is currently the world’s most valuable brand and is worth nearly $300 billion. That’s impressive. Of course, much of a brand’s value is tied up in a company’s reputation and the
Last week, Elon Musk announced that he would like X (formerly known as Twitter) to become the center of your financial world. “If it involves money, it’ll be on our platform,” Musk said in an all-hands call with the social app’s employees. “Money or securities or whatever. So, it’s not just like send $20 to
Writing about stocks to buy related to artificial intelligence (AI) falls into two categories. The first includes companies whose products help you utilize AI. These are software companies, etc. The second is AI-driven businesses. These are companies that employ the first group’s products to grow. They often have little to do with technology but use
In unpredictable financial markets, investors often seek the elusive formula for long-term wealth creation. The stock market, with its enticing prospects and inherent volatility, presents a formidable challenge to those seeking sustained prosperity. Yet, amid the market’s ebb and flow, certain companies have adopted strategies that harness the true power of compounding, steadily building value
SoFi Technologies (NASDAQ:SOFI) excels as a fintech growth stock by offering cost-effective digital financial services. The SOFI stock initially specialized in refinancing student loans but expanded into three segments: lending (student, personal, and home loans), financial services, and a technology platform. The company’s market cap increased from $4.1 billion in October 2022 to $7 billion
Like many stocks in 2023, Palantir Technologies (NYSE:PLTR) was flying higher on cruise control until August hit, and then PLTR stock sputtered along for the next three months. As I write this, its shares have lost 25% of their value in the last month. If not for a slight reassurance in the first two weeks
International companies, especially here in the U.S., don’t get the attention they deserve. They are sometimes overlooked as another alternative to the U.S. market. However, investors should pay greater attention to stocks in other international markets that offer great potential and, most importantly, diversification, which is critical to a robust investment portfolio. Companies located in
Anytime you bring up the concept of “forever stocks,” you’re running the risk of incurring a serious tail risk. Obviously, forever is a long time – long enough for something to go wrong. Still, certain entities stand out because they basically command permanent relevance. To be sure, my ideas for forever stocks are boring –
With the major equity indices signaling the possibility of a slowdown – if not an outright downcycle – investors may be better served considering overlooked value stocks. At this moment, I like the idea of self-preservation, meaning that taking on hyped growth names may not be prudent. To use a sports analogy, it’s possible we
In my last article on SoFi Technologies (NASDAQ:SOFI) stock, I discussed renewed bullishness following the release of the fintech/neobank’s latest fiscal results on Oct. 30. So far, a round of post-earnings bullishness has taken shape, albeit moderately. On Oct. 31, the first trading day after Q3 results hit the street, shares rallied by around 8.79%.
In the thrill of bull markets, investors often race to buy the best growth stocks. Conversely, bear markets cast a shadow of hesitation, with investors wary of diving into the downtrend. However, embracing a contrarian view might pave a golden path for long-term future gains. Amid looming economic clouds, the best growth stocks stand as