Eli Lilly (NYSE:LLY) may not have been the top-performing large-cap pharmaceutical stock, but its performance this year is nothing to sneeze at. As of this writing, LLY stock has soared nearly 35.5% since the start of 2022. After delivering such outsized gains during a bear market, some may be concerned that LLY will deliver middling
Stocks to buy
In the coming year, the best industrial stocks to buy will have the staying power to resist recessionary headwinds. If you’re looking for new opportunities in 2023, you’ve got to be a little excited about industrial stocks. A down market stings today but buying stocks when they’re a little beaten down is the quickest way to
As Tesla (NASDAQ:TSLA) stock has gotten battered in 2022 — it’s down nearly 66% year-to-date — investors have begun to look around for better electric vehicle (EV) stocks to buy. Don’t get me wrong, almost all EV stocks are down in 2022, but Tesla was, and still is, the best example of what a successful
We saw the rise of meme stocks last year, with everyone hoping to catch lightning in a bottle. Conversely, 2022 was a horrendous year for equities, especially the more speculative plays such as meme stocks. To be fair, social media-driven investments that dominated headlines last year were mostly speculative wagers. However, we have seen some
As we head into New Year 2023, there are clear indications that these top nuclear energy stocks to buy will continue to be attractive. Nuclear energy is one of the few renewable resources available for us to utilize and can make a huge contribution to meet the world’s energy demands. At present, only 10% of
Although the new year typically brings feelings of optimism, it’s probably time for investors to consider stocks to buy ahead of a potentially slow 2023. Not to be a downer but circumstances don’t appear particularly compelling for the bulls. At the top, global recession fears rise as multiple countries struggle with inflation and coronavirus-fueled disruptions.
Before you dig deeper into the stocks to buy for 2023, the path ahead is precarious. The Federal Reserve is continuing to hike rates, likely targeting a 5% terminal rate, which we could see in 2023. Moreover, the Fed aims to hold at this terminal rate for a long time, which could put interest rates
The Dec. 13 news out of the Lawrence Livermore National Laboratory that researchers produced more energy from hydrogen fusion than it used is a major breakthrough. The breakthrough renews hope that we will one day have nearly limitless, clean, carbon-free energy available. It also renews the conversation about which of the hottest hydrogen stocks investors
It’s been a tough year for investors, but the bear market hasn’t relented much just because we are approaching the end of 2022. That said, all this pain has investors looking for the biggest investing opportunities of next year. Will it be better in 2023? In some ways, yes, as certain assets should enjoy more
Could a turnaround moment be in store for California-based electric vehicle (EV) manufacturer Mullen Automotive (NASDAQ:MULN)? It’s possible, as an order from a dealer group and an opportunity to delve into EV infrastructure could propel MULN stock much higher in 2023. Conditions certainly haven’t been favorable for Mullen Automotive this year. In a highly competitive
Who should consider owning PepsiCo (NASDAQ:PEP) stock? The answer is: a wide variety of investors. Maybe you like to collect passive income, or perhaps you want to get defensive as a recession might be approaching in 2023. If you’re looking for lightning-fast price action, this probably isn’t for you, but many cautious-minded investors can think
Choosing the best drug stocks to buy can be dicey because drug stocks have disadvantages and advantages. On the negative side, you often have to wait many years for promising drugs to prove themselves in clinical trials. Consequently, you may need to hold into the best drug stocks for some time before they generate strong profits.
New Year 2023 will see a continued tightening of monetary policy as the Federal Reserve attempts to rein in sky-high inflation. Following the 50 basis point rate hike in Dec., there are expectations that Feb. and March will see 25 basis point rate hikes, respectively. That will bring target rates near 5% which is where
Is SoFi Stock the Next Big Investment for 2023? | InvestorPlace Skip to content Copyright © 2022 InvestorPlace Media, LLC. All rights reserved. 1125 N. Charles St, Baltimore, MD 21201. We think it’s time to follow in the CEO’s footsteps and pile into SoFi stock December 21, 2022 By Luke Lango, InvestorPlace Senior Investment Analyst
While there are signs the economy is being to turnaround, there are still lingering fears of a potential recession. “Like a deflating holiday lawn ornament … (Fed Chairman Jerome Powell’s) news conference drained investor hopes of avoiding a recession, and showed that history may again prove correct in previously warning of a potential economic downturn,” said
The end of the year is often a time for investors to buy and sell stocks and clean up their portfolios. Some investors allocate excess cash to new investments or add to existing holdings. It makes sense to look at your portfolio and add to undervalued stocks with the prospect of solid total returns. Alternatively,
Penny stocks can often lead to big opportunities, especially in red-hot sectors that were dismantled in a disastrous year. In fact, after digging for hot trades, I found some of the best penny stocks in the electric vehicle space, in lithium, and in the recession-proof biotech sector. At the same time, we have to remember
It’s tough being in the Christmas spirit this year after a dismal 2022 for the stock market. However, there is cause for optimism, as signs of recovery are present this holiday season. The Dow Jones Industrial Average is down just 8% after being deep in the red for most of 2022. Therefore, it’s an ideal
As fears mount of a global economic slowdown, investors should start facing reality and consider acquiring recession-proof stocks to buy. Of course, no investment category offers 100% guarantees – otherwise, everyone would take them. However, certain companies will likely hold up far better than others should circumstances go awry next year. Fundamentally, all eyes are
When the latest Nov. jobs report came in hotter than expected, that was essentially the clue for investors to consider stocks to buy ahead of another year of possibly rising rates. Ordinarily, a robust labor market represents cause for celebration. However, in this case, it symbolized a repudiation of the Federal Reserve’s hawkish monetary policy.