Two of the most recognizable shoemaking giants in the world – the German athletic apparel and footwear corporation Adidas AG (ETR: ADS) and America’s Nike (NYSE: NKE) – have taken a radically different stock market trajectory in 2024.Indeed, while the European company has done little other than rise since January 2 and is slowly pushing to reclaim 2021 highs after remaining in a deep ravine through much of 2022 and 2023, Nike is trading near the lows not seen since the early days of the Covid-19 pandemic.Th ...

Global payments giant Visa (NYSE: V) has recently demonstrated resilient double-digit growth and is poised to sustain this momentum. Despite a modest revenue slowdown in the past year, Visa’s recent results have reignited investor confidence. Visa is set to announce its fiscal third-quarter earnings for 2024 after the market closes on Tuesday, July 23. Analysts expect the company to report a profit of $2.41 per share, up 11.6% from $2.16 per share in the year-ago quarter. Notably, the company has consistent ...

Tesla (NASDAQ: TSLA) stock has made an impressive comeback, erasing over 50% of its year-to-date losses. The surge in Tesla’s stock price has been driven by Q2 delivery numbers that exceeded analysts’ expectations.After a significant pullback of around 14% on July 11, Tesla’s stock rebounded, marking its first major correction since the rally began in late June. Currently, Tesla’s stock is trading at $255.89.Recent performance and influencing factorsThe electric vehicle (EV) maker’s stock has soared, with a ...

After initiating a 10-for-1 stock split on July 12, Broadcom (NASDAQ: AVGO) is trading at a new price of $171.42 at the latest close, after adding 0.80% in the latest trading session, in contrast to losses of 2.52% experienced in previous five trading days.AVGO stock 5-day price chart. Source: FinboldThe stock split doesn’t affect the company’s fundamentals and is purely an aesthetic move that aims to attract new investors and make the stock more affordable.Analysts on Wall Street are particularly bullish o ...

After a strong performance in the first half of 2024, which increased Nvidia’s (NASDAQ: NVDA) stock value by 166.64%, the recent period has been somewhat bumpy for NVDA shares, with losses of 1.94% in the previous month.Recent trading sessions have not brought any change. A decrease of 1.47% in the past five days and a 0.62% drawback in the latest trading session have put the NVDA stock price at $128.35 as of July 15 close.NVDA stock 24-hour price chart. Source: FinboldDespite this, analysts remain bullish ...

Starting with the release of ChatGPT in late 2022 and the beginning of the ongoing artificial intelligence (AI) boom, the semiconductor giant Nvidia (NASDAQ: NVDA) started a journey that saw its market capitalization surge more than $2.5 trillion and its stock price of more than 1,000%.Such rocketing has had a dual effect on many investors, triggering the so-called fear of missing out (FOMO) and concerns about whether such a stratospheric rise precedes little other than a dizzying fall.By mid-July, the ques ...

The Worldwide Developers Conference (WWDC) brought all the enthusiasm on Apple’s (NASDAQ: AAPL) side; with the announced integration of ChatGPT from OpenAI into new iPhones, the Cupertino giant’s stock has been on a surge since June 11, as it added almost 20% since the event.With a 1.44% gain in the previous five trading sessions, AAPL stock reached $230.54. The pre-market increase of 2.31% indicates a positive start for Apple stock in this trading week.AAPL stock 5-day price chart. Source: FinboldAdditiona ...

The bullish momentum surrounding semiconductor giant Nvidia (NASDAQ: NVDA) might be coming to an end, according to technical indicators, particularly in relation to buying activity.In this regard, trading expert Peter DiCarlo’s analysis in an X post on July 15 suggested that Nvidia has seen a third consecutive week of reduced buying activity. This emerged despite the stock maintaining positive gains. Although the stock’s closing price was higher for the week, the BX Trender—a key technical indicator trackin ...

Largely thanks to their pivotal role in the artificial intelligence (AI) boom, semiconductor companies have been some of the best performers in the stock market in 2024. Though it had not matched the success of its biggest competitor and the dominant blue-chip chipmaker – Nvidia (NASDAQ: NVDA) – Advanced Micro Devices (NASDAQ: AMD) has not been an exception to the trend and is up 32.30% since January 2. Additionally, the company has been performing particularly well in the last 30 days, having risen more th ...

Qualcomm (NASDAQ: QCOM) is a prominent player in the semiconductor and telecommunications industries, renowned for its advancements in wireless technology. With a market capitalization of $231 billion, Qualcomm has appreciated by 43% over the past year, significantly outpacing the broader market.Despite a recent 5% decline from its mid-June highs of $230, this dip could represent a strategic buying opportunity for investors.  Qualcomm’s forward P/E ratio stands at 25.09, indicating a fair valuation. This su ...