2022 was a tough year for nearly all sectors. Tech stocks, however, were among the hardest hit as an interest-rate-driven bear market reared its ugly head. Of course, tech stocks won’t stay beaten down forever. On the contrary, they are likely to lead the way higher during the next bull market as they have done
Just because you believe that a market sector will grow in the coming years, doesn’t mean every company deserves your investment capital. A prime example is electric vehicle (EV) manufacturer Arcimoto (NASDAQ:FUV). The FUV stock price has already declined substantially, and more downside is likely. After discovering the company’s delivery data and desperate self-preservation tactics,
It looks like financial traders are still deciding what to do with Toyota Motor (NYSE:TM) stock today. They’re mulling over an announcement that Toyota’s chief executive, Akio Toyoda, is stepping down. The billion-dollar question is about how this might change Toyota as a company going forward. Toyoda is the grandson of Toyota’s founder, and he’s
In this article TSLA STX TSCO ALB PTON LEVI Follow your favorite stocksCREATE FREE ACCOUNT A charging station is seen at the Tesla Corporate Headquarters on January 03, 2023 in Travis County, Texas. Brandon Bell | Getty Images Check out the companies making headlines in midday trading. Seagate Technology — Shares of the data storage
A few weeks ago, it seemed everyone was calling for the demise of Tesla (TSLA) stock. CEO Elon Musk was dumping billions’ worth of shares. The company was cutting prices on all its cars. Delivery growth was significantly slowing into the end of 2022. Political issues were plaguing the brand. It seemed like everything was
The tech market saw a poor 2022. While it continues to represent one of the most popular investment sectors on the market, the industry shaved $4.6 trillion in market capitalization throughout the year. There were thousands of tech employees who suffered from the rampant layoffs throughout the year. And it seems this rout is only
Today, few are holding out on Lucid Group (NASDAQ:LCID) as a possible Tesla (NASDAQ:TSLA) in the making. As you may recall, the SPAC predecessor to LCID stock hit prices nearing $65 per share around two years ago, on expectations that this EV startup was going to be the ultimate Tesla killer. Since then, changing economic
The bell at the NYSE Source: NYSE The day after a major trading glitch at the New York Stock Exchange open, the NYSE has issued a statement on what happened: “The root cause was determined to be a manual error involving the Exchange’s Disaster Recovery configuration at system start of day.” That’s all they are
In this article CVX CSX LEVI NOW LVS IBM TSLA Follow your favorite stocksCREATE FREE ACCOUNT A customer refuels at a Chevron gas station with prices above $4 a gallon in Seattle, Washington, U.S., on Monday, March 7, 2022. David Ryder | Bloomberg | Getty Images Check out the companies making headlines after the bell.
Last year was the worst year for publicly traded real estate investment trusts, or REITs, since 2008, as was recently pointed out in an article on WealthManagement. The FTSE All Equity REIT Index lost a quarter of its value last year compared with a 40% drop during 2008. However, the article also notes that several real estate
Judging by a large number of articles about Mullen Automotive (NASDAQ:MULN), and the number of people talking about MULN stock on social media, Mullen has become a leading meme stock with a sizable cult following. However, as hot as it may appear from the outside, the company appears to be untrustworthy to me. I also
The dust seems to be settling when it comes to Rivian Automotive (NASDAQ:RIVN). Thus far in 2023, RIVN stock has moved down just 2%. In the eyes of investors, the worst may appear to be priced in. As you may recall, RIVN collapsed in price during 2022, as investors responded to high inflation, rising interest
A trader works on the floor of the New York Stock Exchange. Peter Kramer | CNBC NYSE President Lynn Martin and other exchange officials confirmed to CNBC that the root cause of the Big Board’s trading glitch at the Tuesday open was due to a manual error involving the Exchange’s Disaster Recovery configuration. After the 9/11 disaster,
In this article SQ COF GOOGL T SPWR RUN FOXA NWSA Follow your favorite stocksCREATE FREE ACCOUNT Shoppers shop at AT&T in the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Check out the companies making the biggest moves midday: News Corp, Fox — News
What do you look for in an investable business? Dividends, buybacks or maybe revenue growth? You can find all of the above and more with fast-food giant Wendy’s (NASDAQ:WEN) stock. Sure, there are risks involved in food-related investments during a time of high inflation. Still, WEN stock deserves a “B” rating as a result Wendy’s firm
Luxembourg-based electric vehicle (EV) manufacturer Arrival (NASDAQ:ARVL) unquestionably wants to sell cars in the U.S. The company has big dreams and some major investors, but does this make ARVL stock a good buy? Not necessarily, as a deep dive into Arrival’s financials should dissuade cautious investors from taking a share position. Don’t get me wrong. It’s
On Friday, Italian e-scooter firm Helbiz (NASDAQ:HLBZ) joined Genius Group (NYSEMKT:GNS) in cracking down on short sellers. “The recent underperformance of our shares compared to the market is a clear indication of the illegal short selling activities that have taken place,” said CEO Salvatore Palella in his strongly worded press release. “We will not tolerate
In this article MSFT CNR-CA COF TXN Follow your favorite stocksCREATE FREE ACCOUNT A building with offices belonging to Microsoft is seen in Chevy Chase, Maryland, January 18, 2023. Saul Loeb | AFP | Getty Images Check out the companies making headlines after the bell: Microsoft — The tech giant saw shares rise 4% in extended
With the shifting of market fortunes over the past year, we’ve seen a major rotation. Growth stocks are out. Meanwhile, investors have gravitated to value and dividend stocks. That’s an entirely logical reaction, as these sorts of stocks tend to hold up better during bear markets and recessions. However, the rush of money into these
Electric vehicle manufacturer Lucid Group (NASDAQ:LCID) can enjoy one piece of supposedly positive news. Reportedly, a judge dismissed a fraud-related lawsuit against Lucid. Feel free to take a moment to celebrate this, if you’d like. Then, re-focus on the company’s financials and you’ll surely be convinced to steer clear of LCID stock. For two years, Lucid