Daily Trade

Investors should expect a steep selloff among artificial intelligence stocks, as Wall Street cashes in on the high valuations many companies in this sector provide. On the other hand, some high-potential AI names remain overlooked, and the recent AI craze has done little to uplift their valuation. Thus, as the rally cools, smart investors will

There’s more than one way to interpret the impact that Treasury yields can have on U.S. stocks. Ed Clissold, chief U.S. strategist, and Thanh Nguyen, senior quantitative analyst, for Ned Davis Research described three scenarios in which the direction of short- and long-term bond yields and their moves relative to one another have produced “interesting

While Upstart (NASDAQ:UPST) focuses on artificial intelligence in 2023, the company isn’t just jumping on the AI bandwagon. UPST stock earns a solid “B” grade because Upstart is deploying its technology in a useful and interesting way. Financial traders should weigh their tolerance for risk before considering an investment in Upstart. What Upstart seeks to achieve

Rents in Manhattan surged to a new record high in July. For the typical renter hoping to live in the city, that could mean spending more than half their paycheck on rent alone. Monthly rents in Manhattan rose to a record-high average of $5,588 in July, according to Miller Samuel and Douglas Elliman’s latest rental

SoFi Technologies (NASDAQ:SOFI) is a banking sector disruptor that’s garnered a lot of attention on Wall Street. Opinions vary, but one notable theme among analysts is that SOFI stock looks overvalued. I tend to agree, and while I like SoFi Technologies as a company, I recommend that prospective investors wait for the share price to come

The World Health Organization has upgraded COVID-19 variant EG.5 to a variant of interest, or VOI, from a variant under monitoring, or VUM, as it continues to become more prevalent around the world. The variant — which has been nicknamed Eris by some media, following the Greek-alphabet designation used for other variants — has been

As the EV landscape shifts, investors considering Lucid Group (NASDAQ:LCID) stock for its recent strong performance have been rewarded. Momentum has taken LCID stock on a bumpy, but upward ride this year. And while Lucid has seen its valuation come down from its peak in Q1, there are reasons some investors remain very bullish on

When the Supreme Court struck down the constitutional protection for women’s right to have an abortion, some companies said they would subsidize travel if a worker needed to leave her state to end a pregnancy. Those announcements have resulted in a “complicated trade-off” for businesses trying to attract workers and hold onto them, according to

Shares of Massachusetts-based T2 Biosystems (NASDAQ:TTOO) surged another 30% this week on meme stock interest. According to financial data provider Fintel.io, retail ownership has now risen over six-fold since last month. In a sense, T2’s rapid ascent comes as no surprise. Shares of the highly shorted healthcare firm have risen 110% since the start of

U.S. stocks were struggling for direction Thursday afternoon, with earlier gains largely fading, following a July report showing inflationary pressures for consumers remained relatively subdued last month. What’s happening The Dow Jones Industrial Average DJIA was up 83 points, or 0.2%, to 35,208. The S&P 500 SPX rose 3 points, or 0.1%, to 4,470, after

In 2014, Massachusetts-based T2 Biosystems (NASDAQ:TTOO) went public at $11 per share. Expectations were high for the young startup. Its sepsis-detecting products targeted a $20.3 billion industry, and T2’s Magnetic Resonance Platform (T2MR) was potentially game-changing. Shares would quickly rise to a pre-split $23. The product, however, would prove a dud. In 2020, most of

Millennial home buyers are losing their edge to score properties in a tough, expensive housing market. As seen in the chart below, which was presented during a National Association of Realtors’ webinar, millennials were leading home-buying for a big part of this decade, but recently started losing ground to baby boomers. Based on the NAR’s

Bloom Energy (NYSE:BE) stock is puzzling. Th company continues to grow its hydrogen fuel cell business but it has yet to see a profit. The second quarter report is typical. Bloom announced on Aug. 3 that second quarter sales were up nearly 24%, compared to the same quarter a year ago. But there was still

U.S. stocks traded lower Wednesday, led by technology stocks, as traders absorbed news of deflation in China and looked ahead to the U.S. July consumer price index data due Thursday. How are stocks trading The Dow Jones Industrial Average DJIA fell 245 points, or 0.7% to 35,070 The S&P 500 SPX dropped 36 points, or

The biotech industry proved itself resilient in the face of the COVID-19 pandemic. With research from Mckinsey, venture capitalist (VC) companies increased investments from 2,200 in 2016 to 3,100 in 2021 in biotechnology (biotech) startups. These startups have advanced medicine overall, improving cell therapy, tissue regeneration, genetic medicine, and more. With increasing innovation, we see

The Biden administration is poised to announce Wednesday new restrictions on American investments in China that involve sensitive technologies, according to the New York Times. The Times reported Tuesday night that the rules would bar U.S. venture-capital and private-equity firms from investing in certain advanced-technology industries in China, including quantum computing, artificial intelligence and advanced

Amid market volatility, enduring investments are hard to find. However, a few resilient, innovative blue-chip stocks offer competitive prices and total returns over the long term. The first stock, fueled by AI and loyalty achievements, thrives internationally. Digital innovation and strategic initiatives underpin its growth, with global expansion yielding remarkable results, especially in China. With

U.S.-listed exchange-traded funds that buy bank stocks fell on Tuesday, after Moody’s Investors Service late said it put a handful of major U.S. banks on review for a possible downgrade and lowered debt ratings on several small and midsize banks. The SPDR S&P Regional Banking ETF KRE, which tracks an equal-weighted index of U.S. regional

The International Energy Agency expects to see electric vehicle sales of around 14 million by the end of this year. Governments across the world are trying to increase EV popularity. National policies and incentives will likely help with sales.  The U.S. expects to deliver a 50% market share for electric cars by 2030. The European Union

Moody’s Investors Services may downgrade its credit ratings on six major U.S. banks, including U.S. Bancorp, State Street Corp., and Bank of New York Mellon Corp., and has downgraded its debt ratings on several small and mid-sized banks as part of the credit ratings agency’s rash of rating actions on U.S. banks late Monday. The