As discussed in my last article on QuantumScape (NYSE:QS) stock, electric vehicle stocks began to rally at the start of July, on the heels of Tesla’s (NASDAQ:TSLA) latest delivery numbers. The TSLA rally has stalled, but interestingly enough, more speculative EV plays keep climbing. QS stock is no exception. Other early-stage EV names, like Lucid
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Dear Quentin, My husband will be retiring at the end of August after working a high-pressure job for 31 years. We are both 64 years of age. Both of us have health insurance under my plan. I intend to work at least until I turn 65, when I will be eligible for Medicare, and will likely
July thus far has been a great month for electric vehicle stocks, and Nio (NYSE:NIO) stock is no exception. Already trending higher at the start of the month, NIO stock has kept climbing, making its way back to double-digit prices for the first time in months. Some of the latest rally for the China-based EV
“ The market is overbought, but the indicators are overwhelmingly bullish. ” The stock market, as measured by the S&P 500 Index SPX, +0.85%, is now racing to new 2023 highs. We continue to recommend holding a “core” bullish position. There is stronger resistance at 4630 but beyond that, the next resistance area is the
Over the past month, there’s been growing awareness about Quaclomm’s (NASDAQ:QCOM) potential to benefit from the growing integration of artificial intelligence applications. However, has this had an impact on the price of QCOM stock? Not really. Since chatter about this possible catalyst emerged, shares in the mobile chip maker have traded sideways. While up by
A leading global health body has declared that the artificial sweetener aspartame, commonly used as an ingredient in diet soda, chewing gum and vitamins, may cause cancer. But the World Health Organization’s report late Thursday also noted that people would have to be exposed to extreme amounts of aspartame — whether through diet, occupational exposure
The stock market has seen a strong rally in 2023, with the Nasdaq Composite up nearly 30% year-to-date. This has led to overvaluation in many growth stocks. It’s important for investors, even long-term ones, to periodically review their portfolios and identify overvalued stocks. Despite corporate America’s efforts to spin the narrative, here are three stocks
Threads appears to be unspooling. Since storming out of the gates with 100 million users in less than a week, Meta Platform Inc.’s META, -1.50% much-ballyhooed Twitter-killer has cooled in growth and engagement, according to data from market researchers Sensor Tower and Similarweb. On Thursday, the number of daily active users on Threads plunged 27%
According to delivery data, China-based electric vehicle manufacturer Nio (NYSE:NIO) isn’t firing on all cylinders. Yet, there’s a reason to watch NIO stock, even if you’re not prepared to go all-in on the shares. As a famous automaker opts to “play ball” with China’s government, Nio can now be more competitive and successful. I’ll admit, I’ve
Shares of Chinese cybersecurity companies were sharply higher on Friday, boosted by Beijing’s latest artificial-intelligence regulations that emphasized cybersecurity and data safety. Data protection solutions provider Zhongfu Information Inc. 300659, +19.98% jumped 20%, network security company Shenzhen GuoHua Network Security Tech Co. 000004, +10.02% surged 10% and Beijing Bohui Science & Technology Co. 688004, +7.98%
Artificial intelligence predicts that Palantir Technologies (NYSE:PLTR) stock will move higher. Plus, a well-known fund manager likes Palantir Technologies’ future prospects. However, you have to make your own financial decisions If you’re a value-focused investor, then you’ll probably want to wait before taking a share position in Palantir Technologies. Headquartered in Colorado, Palantir Technologies is provides
The S&P 500 index was on the cusp of 4,500 on Thursday as U.S. stocks climbed for a fourth day, led by technology stocks, and traded at fresh 15-month highs following data showing June producer price inflation slowed further, bolstering the chances that the Federal Reserve is near the end of its campaign of interest-rate
Many people view hydrogen as the power source of the future because it emits no greenhouse gases when burned. The only waste produced is water vapor, making it among the cleanest energy sources available. So, it’s much cleaner than fossil fuels such as crude oil, natural gas, and coal. Companies around the world are working
Shares of Chinese internet platform companies jumped in Hong Kong Thursday as investors welcomed Beijing’s latest signal supporting the sector. Food delivery company Meituan 3690, +5.03% rose as much as 6.4% and was last 5.7% higher. Video streaming platform Bilibili Inc. BILI, +7.74% 9626, +6.14% jumped 8.1% and short-video app operator Kuaishou Technology 1024, +6.40%
Spurred in part by analysts (like me) “discovering” it, Li Auto (NASDAQ:LI) stock is one of China’s hottest 2023 plays. Since the start of this year, shares in Li are up 75%, five times more than the S&P 500. Investors now pay over six times revenue for a company that has yet to make a
The U.S. dollar fell Wednesday after the consumer-price index for June showed the rate of inflation slowing to the lowest level since 2021. The ICE U.S. Dollar Index DXY, -1.09%, a measure of the currency against a basket of six major rivals, fell to 100.58 on Wednesday, on pace for the lowest level since April
It’s certainly not difficult to find folks who are super-bullish on Nvidia (NASDAQ:NVDA) as a purveyor of hardware for artificial intelligence (AI) applications. However, at least one well-known investor is signaling caution on NVDA stock, which appears to be over-hyped and overpriced. As we’ll see, the investor I’m referring to is concerned about Nvidia and about
By James Glynn SYDNEY–The Reserve Bank of New Zealand left interest rates unchanged at its policy meeting on Wednesday but warned that policy settings will need to remain tight for some time yet. The official cash rate was left on hold at 5.5%, its highest level in 14 years, as widely expected. The RBNZ had
After a swift rally in SoFi Technologies (NASDAQ:SOFI) stock, a pullback ensued but caution is still advised. Recent developments pertaining to student loan repayments, and the benefits that SoFi Technologies will gain, were already anticipated and factored into the SoFi Technologies share price. So, don’t be surprised if the shares decline to $6 in the coming
Shares of Activision Blizzard Inc. surged Tuesday after a federal judge denied the Federal Trade Commission’s injunction blocking Microsoft Corp.’s acquisition the videogame publisher, but U.K. concerns must be addressed before the deal closes. In a Tuesday opinion, U.S. District Court Judge Jacqueline Scott Corley said the FTC did not show “this particular vertical merger
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