The NASDAQ index, which lost one-third of its value last year, has rebounded with vigor in the first half of 2023. It climbed a staggering 32% during the period, channeling the spirit of 1983 when the tech-heavy index shot up 37% in value. Hence, investors are looking to cash in on the uptrend and to
Stocks to buy
Although the Federal Reserve isn’t finished with increases in interest rates, the United States economy still remains strong. The Atlanta Fed’s GDPNow forecasting model is pointing to a 5.9% growth rate for real gross domestic product (GDP) in the third quarter, and chief market strategist at Bannockburn Global Forex in New York Marc Chandler states
After I spent many years following Wall Street, there are a few characteristics about the “big money” that stand out for me. One of these traits is that many if not most large investors are very reluctant to buy stocks that have a 60%-80% chance of climbing a great deal in the long term but
Investing in biotech stocks is challenging even when you’re investing in established companies with commercially available drugs and expansive pipelines. And investing in up-and-coming biotech stocks is only for the most risk-tolerant investors. When investing in the biotech sector, you’re speculating on future outcomes rather than a company’s financial performance. That’s because in many
Blue-chip stocks have long been “buy and hold” firms with a dominant position in their industry. While they often lack the growth potential of their tech or growth stock peers, they make up for it with stability and reliability. I discuss seven of the top blue-chip stocks to buy below. Blue-Chip Stocks: Berkshire Hathaway (BRK-A,
As a rule of thumb, you should stay away from penny stocks. When you see shares priced near a buck (or even below), there’s usually a reason for it – and not a good one. At the same time, if you want stratospheric returns for a relatively small cash outlay, you’re not going to get
While few sectors are as hot as quantum computing stocks to buy, many investors are shying away from the broader technology sphere. Even powerhouses like Nvidia (NASDAQ:NVDA) have witnessed a marked decline in investor enthusiasm. To be sure, economic concerns are nothing to scoff at. However, the slowdown could be an opportunity to pick up
While hanging up the boots may be a concept that’s decades away for some of you, it’s never too early to start targeting retirement stocks to buy. Of course, if you’re younger, you have the luxury of time to take some risks. However, you also want to set aside some funds to build a solid
With summer coming to an end, investors may want to target certain compelling stocks to buy now. Basically, the theory is the reverse of the adage, sell in May and go away. Those who did sell in May are now returning from their summer vacations and getting back to work. Further, with traders bidding up the
From early 2022 highs of close to $400, Tesla (NASDAQ:TSLA) stock plunged to lows of $102 at the beginning of the year. However, the stock is already higher by 120% for year-to-date and trades at $239. This is a good example of how blue-chip stocks can make a strong comeback even if there are temporary
Billionaire Mark Mobius has decided to invest a great deal of his own money in emerging-market stocks. Mobius, who’s quite interested in India, South Korea and Taiwan, recently wrote “We are seeking companies that have established international diversification, and we’ve come across numerous enterprises with remarkable technological prowess that enables them to broaden their investor
The artificial intelligence (AI) boom is far from over. For example let’s look at Nvidia (NASDAQ:NVDA), where CEO Jensen Huang still believes his stock is wildly undervalued. In fact, NVDA just announced it would buy back another $25 billion of its shares. Even better, the CEO expects the AI boom to last well into next
The stock market has experienced its fair share of peaks and troughs in the past year. Amidst this vast expanse is a select group of promising S&P 500 stocks effectively carving out an impressive niche and offering strong upside. As summer’s heat and humidity descended upon us, the resilient bull market didn’t break a sweat,
The gaming industry may seem stagnant lately, but don’t be fooled – there are still plenty of gaming cryptos with huge upside potential in the years ahead. While short-term sentiment has been depressed, I believe the long-term outlook remains bullish. Despite industry consolidation and studio closures, gaming continues to gain momentum globally, especially amongst digitally
Innovative technology in its early stages can present enticing opportunities for investors. When the internet was first released to the public, it introduced many investment opportunities. While many of these investments lost momentum, some assets created generational wealth for long-term investors. Quantum computing expands the capabilities of regular computing. It allows businesses and individuals to
Editor’s note: “The ‘Millionaire Playbook’ for Easy Profits in the AI Boom” was previously published in June 2023. It has since been updated to include the most relevant information available. At this point, it’s quickly becoming clear that AI is the real deal. And over the next few years, as it continues its ascent and
Looking for an underappreciated investable business in 2023? Check out China-based electric vehicle (EV) manufacturer Li Auto (NASDAQ:LI). The company is moving in the right direction, so anytime LI stock goes down, it’s a signal to add to your share position. Not long ago, InvestorPlace contributor Dana Blankenhorn explained that China is a growing nation with
Are you ready for Meta Platforms (NASDAQ:META) stock to hit the $500 mark? Hold on and be patient, as the stock won’t get there tomorrow or next week. The big returns will come in time, as Meta Platforms has its share of challenges but also plenty of growth opportunities. Heck, there might even be a major
Tech stocks have been top performers in the stock market. While FAANG stocks have stolen the spotlight for a decade, other tech stocks have also been reaping massive gains. Nvidia (NASDAQ:NVDA) didn’t receive as much spotlight in the early 2010s. That stock only recently got thrust into the spotlight, and no one sleeps on that stock anymore.
As the digital world races forward, the need to shield its expanses becomes increasingly important. Enter cybersecurity, standing tall as one of the most compelling investment themes for the upcoming decade. This sector reverberates with potential, especially as cyber threats cast long shadows over the digital landscape, making cybersecurity stocks to buy a no-brainer for