Once heralded as the future of the car industry, the electric vehicle (EV) sector has been overtaken by hybrids in 2024 and has suffered significant damage with dwindling sales and a stock market performance akin to a free fall.Nonetheless, the industry has offered some surprises this year as it offered a sudden Lucid Motors (NASDAQ: LCID)-led rally towards early February and an unexpectedly strong report offered by the very same company in early April.Another interesting fact has been that, throughout the ...

It’s no secret that early April brought a sudden and stark halt to the 2024 stock market rally. Indeed, as seen in the performance of the S&P 500, one of the most important benchmark indices in the U.S. – the breaking point came very late in March and early in April when it collapsed from above 5,254 points to below 5,150 in just a few days.The situation, however, remains more precarious than indicative of an imminent correction as the index recovered above 5,200 in the days since April 4.Nonetheless, the s ...

Tesla‘s (NASDAQ: TSLA) stock has faced challenges this year amid a slowdown in the industry and declining sales, resulting in the lowest delivery figures since 2022 in the first quarter.Despite this prolonged decline, recent performance suggests Tesla’s stock may have the opportunity to break out and reverse some losses. Technical analysis (TA) indicates the formation of a falling wedge pattern – a chart pattern that often signaling a potential trend reversal.Improved inflation figures could boost Tesla’s s ...

Recent developments in Nvidia‘s (NASDAQ: NVDA) stock performance have prompted questions about whether the company has reached its peak. Despite a remarkable 76% surge year-to-date, concerns loom regarding the sustainability of this growth trajectory. Analysts at KeyBanc maintained an overweight (buy) rating on the shares but raised the price target from $1,100 to $1,200. The new price target represents a potential upside of nearly 38% over the next 12 months, compared to the current price These uncertainti ...

Elon Musk’s electric vehicle (EV) maker, Tesla (NASDAQ: TSLA) has been in the news a lot in 2024 and mostly for all the wrong reasons. Tesla’s stock has been in trouble throughout the year amidst a general slowdown in the industry and dwindling sales which saw the firm report the lowest delivery figures in the first quarter since 2022.There has, however, also been some silver lining – or at least hypothetical silver lining – as TSLA shares saw a significant jump during the latest full trading day, Monday, A ...

Apple (NASDAQ: AAPL) has been struggling lately, with its stock price dropping nearly 10% since late November 2023, even as the broader technology sector has been surging. Adding to Apple’s woes, the stock receives a dismal technical rating of 0 out of 10. It performs poorly compared to the overall market, and both the medium and short-term technical indicators are negative.This begs the question: is Apple on the edge of disaster, or is this a buying opportunity for long-term investors? AAPL stock price ana ...

Taiwan Semiconductor Manufacturing Company (NYSE: TSM) experienced a notable uptrend following the Biden administration’s announcement of financial backing, totaling up to $11.6 billion. This support aims to bolster TSM’s chip production in the U.S., with a substantial portion, up to $6.6 billion, allocated as grants. Coupled with loans and tax credits totaling $5 billion, TSM commits to investing $65 billion in American operations, according to a Bloomberg report on April 8.Additionally, J.P. Morgan, an Am ...

The notion that electric vehicles (EVs) are the future of the automotive industry has been prevalent for years, and while still meritorious it has recently come across significant hurdles.Both last and this year have seen stiffening competition paired with lower demand which combined ensured that most companies in the sector have been struggling. While EVs underperformed, another type of vehicle experienced a boom last year: the plug-in hybrid.  The surge in demand for fossil-electric cars has had a notable ...

Throughout 2023 and the first quarter of 2024, artificial intelligence (AI) has been at the very forefront of the stock market, and Nvidia (NASDAQ: NVDA) has, throughout the previous 18-odd months, been the lead rider in the wedge.After achieving an incredible climb from about $110 in October 2022 to as high as $950 in March 2024, many investors are left wondering if the semiconductor train – or, perhaps more fittingly, the chipmaking rocket – has left the station or if there is still a significant upside a ...

Elon Musk’s electric vehicle (EV) maker, Tesla (NASDAQ: TSLA) has been having a rough year so far as even substantial price cuts it implemented in various markets failed to alleviate it having the worst quarter since 2022 in terms of deliveries.This decline – and the crisis in the EV industry as a whole – has so far been well-reflected in the stock market as TSLA has proven to be the worst performer in the Nasdaq 100 in 2024 and is down more than 30% year-to-date (YTD).Finally, late on April 5, Elon Musk ga ...