The stock market has entered a bit of a pullback over the past few weeks. That’s not too surprising, given the vigorous gains that the market enjoyed in the first half of 2023. That said, for investors in momentum stocks, there are still some appealing picks for August 2023. These three undervalued momentum stocks are
Stocks to buy
The stock market has staged a remarkable rally so far in 2023. But here’s a question for you: What do this year’s biggest stock winners have in common? Most of them have been the result of a short squeeze. A short squeeze happens when investors bet against a stock, “shorting” it. Then something unexpectedly good
In June, I introduced five stocks that AI predicted could double a portfolio in a year. Here’s how they’ve done in the first month. Applied Digital (NASDAQ:APLD). +8.8% Fastly (NYSE:FSLY). +16% Mobileye (NASDAQ:MBLY). 12.3% FiscalNote Holdings (NYSE:NOTE) +4.4% Cloudflare (NYSE:NET). +4% On average, the stocks have risen 9.1%, an incredible 184% annualized rate of return!
The hunt for the next game-changing stock is a challenging pursuit. It is essential to filter compelling fundamentals to select a few companies that may emerge as potential millionaire-makers. This has led to the rise of millionaire-maker stocks to buy. The article lists three robust stocks and explores these companies’ unique strengths, decisive strategies, and
Cloud computing undergirds, in one way or another, everyone’s digital life. Whether you are accessing a piece of content on a video streaming platform or uploading documents for work, you are interacting with a network of cloud servers. Being able to store data on a server somewhere else rather than leveraging on-premise infrastructure has tremendously
It has been an ugly summer for many solar stocks, as high U.S. interest rates dealt a considerable blow to the U.S. residential solar market, excluding California. As a result, since peaking in July, the Invesco Solar ETF (NYSEArca: TAN) has sunk nearly 15%. Still, about 20 gigawatts of solar power were installed in American companies and homes last
Financial Technology (fintech) stocks have come to revolutionize the financial industry. With all their improvements, technology and sophisticated yet simple processes, they undoubtedly offer all consumers friendly, efficient, fast and completely effective tools to carry out all our banking needs. However, the companies did not come to displace traditional banking. Instead, they complemented those financial
If you found yourself indulging a bit more this summer, take solace that you’re in good company. Indeed, our collective spending spree has shone a spotlight on the best consumer stocks to buy, a category that, while having faced the bitter brunt of 2022’s bear market, has made a triumphant return this year. The resurgence
The telecommunications industry is key to powering our digital lives. Providing consumers and businesses with not only basic access to the internet but also data servers and cloud networks. Communications companies have helped build the infrastructure of the modern world. Similarly, they will also be integral in enabling the next digital and technology breakthroughs. In
While technology firms have been flying on the promise of artificial intelligence, investors may want to consider “analog” AI stocks; that is, the best stocks to buy that don’t natively align with a core tech product or service. Of course, this concept begs the question, why the heck would you want to do something like
Warning: while this discussion obviously centers on penny stocks to buy, this subsegment of the market carries astounding risks. While it’s difficult to verify, one source has the failure rate of these speculative, low-market capitalization entities as over 90%. As I said, it’s tough to confirm this assertion. However, it’s probably not far from the
While energy stocks have suffered amid the Federal Reserve’s efforts to contain inflation, the segment has witnessed a resurgence. According to a CNN report earlier this month, oil prices have jumped double-digit percentage points, helping to carry the broader sector northward. Some of the upswing could center on a recognition of core fundamentals. At the
Mid-cap stocks are firms with a total market capitalization that falls in the middle of the overall range. Traditionally, many investors group companies with a market cap of between $2 billion and $10 billion into the mid-cap range. Mid-cap stocks can lead to more favorable returns for investors because they fall into a sweet spot.
With inflation finally cooling and the fears of a looming recession coming to an end, the rich are back with their bucks. As the rich get richer, several luxury goods companies will make the most of it. While luxury goods aren’t easily accessible to all of us, they are the first choice for the wealthy.
Halfway through August, it’s been a crazy summer for the beer industry. While painful to watch, the entire Bud Light brouhaha has brought into focus some of the best beer stocks to buy on the planet. The Daily Mail published an article at the end of July discussing how Heineken (OTCMKTS:HEINY) deals with the ongoing
Are you after a list of hydrogen stocks that pay dividends? Look no further. This article details the best hydrogen stocks to buy that also have healthy dividend yields. This may give you the best of both worlds, in terms of income as well as a potentially high total return. Hydrogen has emerged as an
Many experts suggest the Federal Reserve will initiate rate cuts soon, making the stocks of rate-sensitive firms attractive. While terminal rate uncertainty remains, we are likely encroaching on the end of the rate hiking road. The recent U.S. inflation report indicated lower-than-expected inflation, with core inflation and employment aligning with expectations. While a 25 basis-point
There seems to be no better time than now to accumulate potential millionaire-maker lithium stocks. After a big rally, lithium has been in a correction mode. That has translated into a downside for some of the best lithium stocks. However, it’s worth noting the lithium story is not limited to 2023 or even the next
What would it take for electric vehicle (EV) manufacturer Rivian Automotive (NASDAQ:RIVN) to get back in the driver’s seat on Wall Street? A better-than-expected earnings report should do the trick. Yet, RIVN stock actually fell even though Rivian Automotive’s quarterly results were pretty good — but that’s why there’s a potential buying opportunity in the
Diving into the world of Environmental, Social, and Governance, seeking undervalued ESG stocks can feel like hunting for unicorns. Some investors believe that many of the ESG stocks to buy can soothe their consciences but don’t outperform the market. However, the financial landscape is teeming with opportunities, including cheap ESG stocks. Looking at the iShares