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Equities related to the once-burgeoning hydrogen market are largely worth avoiding in 2024. The demand for renewable energy, especially one as expensive to produce and transport as hydrogen, has been rather for well over a year. While the Biden Administration’s Inflation Reduction Act (IRA) has catapulted investment into the space, tax credits and subsidies have
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AI stocks like Nvidia (NASDAQ:NVDA) and AMD (NASDAQ:AMD) dominate the market with top-of-the-line chips that power the newest, most exciting AI software like ChatGPT. However, these stocks sit at a relatively high valuation, given the attention they have gathered from investors with recent performances.  While there is certainly something to be said about their continued
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U.S. equities posted some gains last week, which I’m sure was refreshing to see given the sell-off a week prior. The S&P 500 and Nasdaq Composite gained 2.7% and 2.2%, respectively. This brings their respective year-to-date gains up to 6.9% and 4.0%. Unfortunately, market risks still remain. Not only do we still need inflation to come down consistently, but
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SoundHound AI (NASDAQ:SOUN) certainly benefited when the artificial intelligence trend swept through Wall Street. You may choose to hold SoundHound AI stock if you’re bullish on AI technology for the long term. In the final analysis, we’re assigning a “B” grade to the stock as the risks and potential rewards are considerable. SoundHound AI occupies an interesting
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While it’s not the most encouraging topic, should a severe market correction occur, forward-thinking contrarians may want to consider transportation stocks to buy. Yes, it’s a boring sector but there’s a method to the madness. First, the sector represents the real economy; that is, it’s where the rubber meets the road, literally and figuratively. Sure,
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Artificial Intelligence (AI) visionary Sam Altman has dominated the tech world over the past couple of years. He shot to fame following OpenAI’s release of its groundbreaking large language model, ChatGPT, in late 2022. Since then, ChatGPT has become ubiquitous, with Altman becoming synonymous with all things AI. Though OpenAI made Altman famous, his investments
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Jon Wolfenbarger, a 32-year market veteran warns that despite the seemingly booming U.S. labor market, there are underlying weaknesses that suggest an imminent recession. While the headline numbers show strong job growth and historically low unemployment rates, Wolfenbarger points out that the kind of jobs being added and other economic indicators paint a bleaker picture.
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The Biden administration began with a great deal of enthusiasm around renewable energy stocks. Shares of firms in wind, solar, hydrogen and electric vehicles (EVs), among other green sectors, soared on hopes on significant government stimulus. And, for a time, that thesis played out. The Inflation Reduction Act was a landmark piece of legislation that
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For investors looking at stocks in the Magnificent 7 group, Microsoft (NASDAQ:MSFT) stock could be the best choice in the bunch. A strong player in the AI, cloud, and software markets, Microsoft really provides the durable long-term growth profile most investors are after. Indeed, the company’s recent increased focus on its AI investments are what’s
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InvestorPlace‘s Omor Ibne Ehsan recommended fintech stocks, which “have been Wall Street’s wallflowers for what seems like an eternity now.” I agree 100%, as they can sprout in the right conditions. Among fintech firms, I’m picking PayPal (NASDAQ:PYPL) because largely disregarded PayPal stock is the perfect wallflower pick in 2024. From payments processing to cross-border money transfers, PayPal is well
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