Lithium stocks have suffered sharp declines in 2023. The price of lithium carbonate has cratered 77% YTD, on the back of higher supply and lower EV sales volume in China. Lithium is a key component within the electric vehicle battery supply chain. It is also needed to meet the growing demand of energy storage systems.
Rivian Automotive (NASDAQ:RIVN) is not like other electric vehicle (EV) manufacturers. Not only is it focused on the consumer SUV market but also the commercial truck market. A partnership with Amazon (NASDAQ:AMZN) to deliver 10,000 electrified vans to the e-commerce giant has been a major selling point. Now Rivian plans to offer its commercial vans
This has been a rough year for the real estate investment trusts. While the S&P 500 index is showing returns of nearly 20% in 2023, many of the top REIT exchange-traded funds are barely holding their own. There are plenty of REITs to avoid these days. REITs own and manage income-generating real estate properties, everything
Tech stocks are in the green in 2023, but not all fintech stocks have fared well. PayPal (NASDAQ:PYPL) stock certainly hasn’t been a winner this year, and the near-term prospects aren’t great. It’s a textbook example of the principle that just because a stock has declined sharply doesn’t mean isn’t a bargain. PayPal stock gets a “D”
Since plunging during the summer, Nio (NYSE:NIO) stock slid lower. This is not surprising, given how the latest news and developments bode badly for the company’s future prospects. Many investors are optimistic about shares rebounding soon, as has happened several times in the past following any spark of good news. Then again, this time, it
Investors have cooled recenty on SoFi Technologies (NASDAQ:SOFI) stock, which may surprise some. After all, in late October this fintech firm/neobank unveiled strong quarterly results and promising updates to guidance. However, a recent valuation development has stuck in the minds of investors and started to counter the positive takeaways from the latest earnings release. This
Even though Block (NYSE:SQ) is a premier player in the digital payments space, its 2023 performance is disappointing. A turnaround is likely imminent for SQ stock, however, as Block will soon be a leaner business and the company expects to earn substantial operating income this year. It’s understandable if some investors are concerned about Block’s future. Alyssa
Once a blockbuster hit in the financial markets, Nio (NYSE:NIO) stock can’t seem to gain traction in 2023. Will next year be any better? Don’t get your hopes up, as the recent news items pertaining to Nio don’t give a very positive impression. China-based EV manufacturer has the unenviable task of competing against Tesla (NASDAQ:TSLA), which started an
Without a doubt, the best time to buy stocks in a sector is when sentiments are significantly bearish. Or as the saying goes: “buy when there is fear in the streets and sell when there is greed.” This perfectly applies to the cannabis sector today. In fact, some of the best cannabis stocks have plunged
In the dynamic realm of modern medicine, biotech stocks have effectively emerged at the forefront of a transformation. These innovative players are steering us towards a new era of medical marvels with precision and personalization. However, the path to revolutionizing healthcare is not without its challenges. Many of the top firms possess invaluable intellectual property
The U.S. economy exhibited greater-than-expected strength in Q3, with GDP rising at an annualized rate of 5.2% from July through September. The performance highlighted its remarkable resilience amid heightened inflation and elevated borrowing costs earlier this year. Of course, this figure is also adjusted for inflation and seasonal fluctuations. The robust economic growth is beneficial
Streaming has grown exponentially during the COVID-19 pandemic. The consequential shift in consumer behavior made traditional media companies rethink strategy. They realize that linear TV may no longer be the way to attract consumers and generate ad revenue. However, changes have occurred since the pandemic. In fact, streaming numbers aren’t as high as they once
In 2023 it’s safe to say that the biggest investing trends were artificial intelligence (AI) stocks and the “Magnificent Seven.” You could probably retire if you bet on all seven tech stocks in the past year. But now it’s time to look ahead to what the top investing trends in 2024 will be. There’s no
The use of different energy sources today is already commonplace to contribute to the energy transition process. It is true that it is not a process that will happen overnight, but every step counts and contributes to the well-being of all. These three hydrogen stocks are doing amazing work and creating wonderful partnerships. It is
With demand for automation expected to continue growing rapidly, it’s easy to see why investors continue to be intrigued by robotics stocks. Businesses of all sizes are expected to continue to invest in automation to automate tasks and reduce costs. Increasing labor costs are driving increased demand for automation overall. Firms are increasingly looking to
Three underappreciated stocks shine brightly in a bustling market where big-ticket stocks often hog the limelight. Each is valued under $15 but holds immense potential for exponential growth. While their prices may seem modest, these stocks boast compelling narratives of strategic prowess and remarkable financial trajectories. It is signaling an untapped opportunity for investors seeking
Artificial intelligence (AI) is disrupting and enabling innovation across industries. So far, AI research organizations like OpenAI and Anthropic are leading the charge and seeing revenue explosion. Today, companies are integrating AI into applications such as email, shopping carts, and customer service. Indeed, over the next decade, this technology is set to become ubiquitous. Due
Machine learning is a subfield of artificial intelligence. It is focused on enabling computers to learn from data without being programmed to do so. In shorts, machine learning is the process that enables AI to exist. Thus, the stocks that investors are considering in the field are essentially AI stocks. If you are in the
When it comes to winning investment strategies, buying dividend stocks tends to rise to the top. It’s likely because these are successful, profitable companies that have been battle-tested over time and still come out on top. They choose to reward their investors by sharing the fruits of their success. That is why there are several
Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange on Feb. 27, 2023. Brendan McDermid | Reuters Cathie Wood is about to notch her best month ever as her holdings of innovative technology stocks roared back from steep losses in the midst of