Sometimes, I’ll root for an underdog. However, I just can’t get behind electric vehicle (EV) manufacturer Lucid Group (NASDAQ:LCID) in 2023. LCID stock has been a poor performer and could easily continue to lose value this year. I’m not the only commentator who’s concerned about Lucid Group’s future prospects. As we’ll see, at least one expert
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On Monday, Mullen Automotive (NASDAQ:MULN) announced it had acquired assets from Romeo Power for $3.5 million. From a fundamental standpoint, this means… well… not much. The $3.5 million purchase represents less than 2% of Mullen’s reported cash, and the assets appear to be a part of a fire sale that Mullen probably didn’t need. Nevertheless,
U.S. stocks saw their losses accelerate on Friday following the best day for equities this month as an auto workers strike threatened to undercut U.S. economic growth while potentially contributing to inflation. What’s happening The Dow Jones Industrial Average DJIA shed 196 points, or 0.6%, to 34,704. The S&P 500 SPX fell by 41 points,
Ray Dalio, billionaire and founder of Bridgewater Associates LP, speaks during the Milken Institute Conference Bloomberg | Bloomberg | Getty Images As concerns mount over rising interest rates and inflation levels, billionaire investor Ray Dalio says he prefers to hold cash for now, not bonds. “I don’t want to own debt, you know, bonds and
In this article F AMC PENN FSLR ETSY CVX HPQ GM XOM Follow your favorite stocksCREATE FREE ACCOUNT An AMC Theatre on March 29, 2023 in New York City. AMC Entertainment shares jumped as much as 13%, following a report that Amazon was looking to buy the theater chain. Leonardo Munoz | Corbis News |
In the world of electric vehicles stocks, obvious names deserve a place in the long-term portfolio. Tesla (NASDAQ:TSLA) and Li Auto (NASDAQ:LI) are likely to be sustainable value creators. At the same time, other cheap EV stocks that hold value deserve some attention. This column focuses on three of the cheapest EV stocks that can
The stock market has been on a roller coaster ride in 2023, with the S&P 500 experiencing several sharp swings in both directions. As of early this week, the benchmark index was up 16.9% year-to-date (YTD) but down 2.6% from its annual high in July. The main drivers of the market volatility have been inflation,
It’s official. One of the hot IPOs of 2023 has priced its initial public offering. On Wednesday, Sept. 13, Arm Holdings (NASDAQ:ARM) got the last laugh. The U.K.-based chip designer originally sold itself to Nvidia (NASDAQ:NVDA) in 2022 for $40 billion, but regulators nixed the deal. Its shares were priced at $52 for a market
H&M shares slumped Friday as the Swedish retail chain missed expectations for sales growth in a quarter in which it said it focused on profitability. H&M stock HM.B, -5.66% dropped 4% in early action, though it has rallied 47% this year. In a brief statement, H&M said fiscal third-quarter sales in local currencies was “flattish,”
In this article Follow your favorite stocksCREATE FREE ACCOUNT is a leading semiconductor intellectual-property supplier, designing chip technology that is used in high-tech gadgets, including most of the world’s mobile phones. The company then licenses that tech out to the industry’s major players and collects royalties. Roughly five chips in every smartphone are based on
In this article ETSY SMTC YUMC 9987-HK CVX XOM HPQ NFLX V Follow your favorite stocksCREATE FREE ACCOUNT Striking Writers Guild of America (WGA) members walk the picket line in front of Netflix offices as SAG-AFTRA union announced it had agreed to a ‘last-minute request’ by the Alliance of Motion Picture and Television Producers for
It’s been a rough year to invest in pharma stocks. The industry is adjusting to a sector that is less reliant on Covid-19 vaccines and is adapting to the effects of inflation as well as pressure from regulators to cap the price of many drugs. However, there are many reasons to be optimistic about the
Is the era of meme-stock rallies finally over? Probably not, but we may be witnessing a last gasp as AMC Entertainment (NYSE:AMC) stock tumbles to alarming lows. As long as AMC Entertainment is willing to dilute its current shares through common stock offerings and conversions, even the faithful “Apes” should consider cutting their losses and moving
The thing about bear markets is they are so short-lived. Since 1928, the average bear market lasted just 15 months. A bull market, on the other hand, would go on for years. They last for three years on average. Even better, since 1970, the typical bull market has raged for six years! The one that
The Internal Revenue Service will stop processing new claims on a pandemic-era credit for businesses that has become prone to questionable claims and hard-sell tactics from some companies that say they can land payouts for clients. The tax agency said Thursday that its moratorium on processing new employee retention credit claims will continue at least
A member of the Mississippi National Guard receives a dose of the Moderna COVID-19 vaccine in his arm, in Flowood, Mississippi. Rogelio V. Solis | AP Check out the companies making headlines before the bell. Moderna — Moderna shares rose more than 3% in early trading after the Centers for Disease Control and Prevention recommended updated Covid vaccine
September — widely regarded as the “worst month for the stock market” — is living up to its reputation. In fact, the S&P 500 is down 1% since August, in line with its average 1.1% monthly decline since 1928. Of course, many investors are spooked, unsure of how to invest in an economy on shaky
Metaverse stocks emerged with a bang a couple of years ago. In fact, Mark Zuckerberg even changed the name of his social media company to Meta Platforms (NASDAQ:META), cementing the idea that the metaverse would be the destination of the future. And yet, there’s little sign of much follow-through on the concept today. So far,
The Standards and Practices (S&P) 500 has surged since the pandemic lows in March 2020, driven by monetary and fiscal stimulus, but growth might slow when the Federal Reserve tightens policies. This has led me to come up with my total return picks for September 2023. The era of high returns may become more challenging.
Dear Quentin, My wife and I have been happily married for over 30 years. With our savings and two paid-off houses, we are looking at an estate value of over $5 million. We do not have any children. As we structure our wills, we have some churches and other organizations we plan to donate to, but