Coinbase (COIN-USD) has become the leading U.S. exchange by trading volume. Over the past 12 months, COIN stock has rebounded by an astonishing 175%. The bullish outlook for 2024 relies on Bitcoin (BTC-USD) surpassing previous highs, with other leading tokens following. Rising crypto prices drive trading volumes, the main source of Coinbase’s revenue and earnings.
If 2023 was a “year of efficiency” for Meta Platforms (NASDAQ:META), then 2024 could be a year of spectacular growth. Before you decide that META stock is exhausted and due for a pullback, consider Meta Platforms’ opportunities to expand its market share in mixed-reality headsets, short-form videos and elsewhere. Besides, an expert on Wall Street just issued
C3.ai (NYSE:AI) stock last year became one of the more popular AI plays out there. Compared to other top AI stocks, C3.ai is a considerably smaller enterprise. The stock has a market cap of just $3 billion, and this year the company should generate just $305.5 million in revenue. At the same time, this enterprise
Apple (NASDAQ:AAPL) stock has sustained a favorable position for over two months, benefitting from a broader market rally. Despite downgrades, some worry AAPL’s trend may be temporary. Robust operations and investor optimism drove a 48.2% increase in AAPL stock in 2023. The stock’s success was attributed to strong investor interest in dependable, high-quality businesses, particularly
The payments-processing space has become increasingly crowded in the 2020s. Along with that, PayPal (NASDAQ:PYPL) has the additional challenge of transitioning a new CEO and a new chief financial officer (CFO) into those roles at the company. Thus, I view PYPL stock as a “sell” as PayPal’s comeback is far from assured. And, if it happens at all, might
Tech stocks can be a great way for investors to achieve outsized returns in the stock market. Over the last decade, there are a number of technology companies that have minted new millionaires. As we transition into a new bull market, now is the best time to position your portfolio for future success. These 3
The technology space is pulsating with potential, and investors are keenly eyeing AI stocks that promise substantial returns. Three companies stand out as formidable contenders for a staggering 200% rise in this realm. The first one has a solid moat in the cybersecurity domain, boasting a 20% growth rate and a strategic shift towards recurring
Amidst high inflation, interest rates, and reduced EV demand, the U.S. market recorded a record 1.2 million EV sales in 2023. However, Chinese EV producers came out ahead, reporting stellar numbers and leading the way in terms of market share. For cost-conscious investors, exploring potential next-gen EV leaders is vital in 2024. Despite temporary challenges
As the hype around the approval of the first spot Bitcoin (BTC-USD) exchange-traded funds (ETFs) is well and truly over, the sentiment in the cryptocurrency market has cooled appreciably. The Bitcoin fear index now sits at a lukewarm 63, down from 76 just a week ago, which would have been interpreted as an “extreme greed”
It’s understandable for investors to feel nervous right now. A few weeks into the New Year and markets are looking rocky. Indexes in the United Sates are in the red to start 2024 and the benchmark 10-year Treasury yield is back above 4%. Furthermore, futures traders now see a 63% chance of an interest rate
The market seems to have pumped the brakes on the electric vehicle (EV) boom, which was in high gear in 2021 and 2022. With investors more euphoric over hotter emerging technologies (it’s hard to name anything hotter than generative AI these days!), the broader basket of top EV plays has been a sagging trade of
Small-cap stocks can be an investor’s best friend in terms of amplifying returns without taking on excessive risk. I like looking at companies with $1-$2 billion market capitalizations. That’s because this group provides ample room for growth, and you’re less likely to find companies that are preparing to go bankrupt. Of course, balancing these small
I believe that dividend stocks can be worthwhile investments for investors of all risk tolerances and time horizons. These companies add stability to what could be an otherwise volatile portfolio. And, they give more certain returns in the face of unrealized losses for bear markets. Some of the best dividend stocks are also relatively stress-free
Electric vehicles and battery storage lead the charge in this full-swing electric revolution. Demand for lithium, a component of lithium-ion batteries, is exploding as a result. Global lithium production is predicted to grow by over 50% to 1.17 million tons this year alone. However, lithium mining and processing still lag far behind projected demand, and
Investing in biopharmaceutical stocks is a lesson in quantity and quality. That is, the best pharma stocks have products that are commercially available. These medicines help bring a steady supply of revenue and, more importantly, earnings through the door. That, in turn, can fund future research and development, For the best pharma stocks, this becomes
Undervalued dividend stocks can be one way to kill two birds with one stone. Notably, they provide two routes to returns: dividends and capital appreciation. When both are achieved simultaneously, they can be a powerful compounding force. Not all dividend-paying stocks are good investments. Sometimes, there are risks to high dividend yield stocks, which may
Stronger-than-expected retail sales in December indicate an optimistic future for the U.S. economy and retail stocks. The rise in online purchases has contributed to the solid economic ground, prompting economists to revise growth estimates for 2024. The shift toward online shopping and resilience in the labor market are key factors driving the retail industry, while
Artificial intelligence is expected to perform many types of jobs that humans currently do. In most cases, that change will greatly help companies since computers are much cheaper to train and maintain than human employees. But what about the firms that currently provide the services that AI will carry out? In the future, instead of
Strong buy stocks are companies that offer investors great earnings potential. They are companies that have seen consistent growth for an extended period of time and are continuing to adapt and adjust to a changing environment. I expect future growth potential due to several factors, including raised financial guidance, improved earnings, important new releases and
Tech stocks saw high volatility throughout 2023 but are entering the new year on a high note. The future of the economy looks promising, with inflation cooling and, hopefully, interest rates coming down. Several economists have revised their growth projections for the economy and are highly optimistic about 2024. That means now is the time