Late last month, Tesla (NASDAQ:TSLA) shares were on a tear. During this time, investors bid up Tesla stock not once, but twice. TSLA’s price performance in May has been stellar. Shares have retraced a substantial portion of last month’s gains. The stock may fall back to previous lower price levels. Recent news on Chinese EVs […]
Source: Kate Krav-Rude / Shutterstock.com Intel (NASDAQ:INTC) share price enjoyed a resurgence in 2023. Many chip stocks performed well because of the buzz around artificial intelligence. Intel’s share price surged over 94.6% in 2023. Intel’s stock has plummeted over 40% this year. Below are 3 reasons Intel will likely remain a shadow of its former […]
Source: JHVEPhoto / Shutterstock.com Intel (NASDAQ:INTC) was a darling of the chipmaking market many years ago. Then, it was a laughingstock in 2022, and then a darling again in 2023. Now, Intel is a troubled business again in 2024. Honestly, who really needs to invest in a nauseating roller-coaster play like Intel stock? We’re giving the […]
With consumer spending trends tightening and the average U.S. wage stagnating, investors should watch out for retail stocks at risk of a plunge. According to Deloitte Insights, 73% of consumers are still relatively concerned about the rising costs of goods and services. There is a general uneasiness around inflation, the cost of rent and the […]
Oil industry consolidation is underway but the FTC wants to interfere with the deals ExxonMobil (NYSE:XOM) recently completed its $60 billion acquisition of Pioneer Natural Resources. The deal expands the oil and gas giant’s presence in the oil-rich Permian basin. However, before the Federal Trade Commission (FTC) signed off on the transaction, Pioneer CEO Scott […]
Meme stocks have the potential to completely change the portfolio health even with a limited exposure of 5% to 10%. The best example now is Carvana (NYSE:CVNA), which surged from under-$5 levels at the beginning of 2023 to $117. At the same time, there are meme stock ideas that have destroyed wealth. These meme stocks […]
Morgan Stanley (NYSE:MS) strategists are urging investors to snap up U.S. government bonds, even if the economy doesn’t slow down. They believe bond yields could fall dramatically driven by “residual seasonality,” a statistical quirk that can sway economic data even after seasonal adjustments. This could lead to predicting a more rapid decline in inflation than […]
These companies are in the doldrums and the situation could get worse after their Q1 earnings come out Source: shutterstock.com/mentalmind Earnings season is drawing to a close, with more than 90% of stocks in the S&P 500 index having reported their first-quarter financial results. However, some big names still need to issue their Q1 prints. […]
The U.S. GDP growth dropped to 1.6% in Q1 and a weak jobs report came in Murmurs of a potential hard economic landing are resurfacing after a marked downturn in U.S. GDP during the first-quarter (Q1). The U.S. economy slowed sharply in Q1, growing at just 1.6%, lagging significantly behind the 2.5% estimate. Moreover, a […]
Source: Around the World Photos / Shutterstock.com Lucid Group (NASDAQ:LCID) hasn’t re-hit all-time lows just yet, but give it time. Lucid stock should decrease in price based on its latest results and guidance updates. The issues of weak demand, cash burn, and shareholder dilution persist. Lucid may not be on the verge of experiencing a […]