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Best performing S&P 500 stocks in 2024
Finbold· 2024-02-28 14:08
As March 2024 draws near, the performance of the S&P 500 Index is starting to reveal itself, with some stocks demonstrating notable growth while others show potential for valuation increases in the months ahead.These stocks exhibit strong technical and fundamental indicators, complemented by the robust financials of their respective companies in sectors experiencing rapid growth.Finbold analyzed year-to-date performance, future potential, and recent financial results to identify the top performers within th ...
Will Intel stock recover and catch up with Nvidia?
Finbold· 2024-02-28 12:49
In the midst of the artificial intelligence buzz, semiconductor stocks are soaring, with Nvidia (NASDAQ: NVDA) leading the charge with a valuation increase of over 60% since the beginning of 2024. However, one overlooked leader in the mix is Intel (NASDAQ: INTC), which previously dominated the industry. Unfortunately, Intel is experiencing a rough patch, with its valuation dropping by 10% over the same period. What was once an industry dominated by Intel is now a fiercely competitive arena. Competitors have ...
Nio stock earnings forecast: Why analysts are bullish
Finbold· 2024-02-28 11:49
While the overall stock market – and the artificial intelligence (AI)-driven technology sector in particular – has been doing very well, with the S&P 500 index reaching new all-time highs in 2024. This overall trend, however, has not been followed by the once-popular electric vehicle (EV) industry, which has been suffering for more than a year from low demand, rising competition, and continuously declining valuations in the market.On the other side of the Pacific, however, February brought a change in trend ...
$1,000 invested in Amazon stock at start of 2024 returned
Finbold· 2024-02-28 10:45
With March 2024 just around the corner, the clarity of the stock market’s trends becomes unmistakable, highlighting artificial intelligence’s paramount role in shaping the industry’s future.Amazon (NASDAQ: AMZN), with its strategic focus on diverse AI initiatives, is poised to reinforce its market leadership, potentially enhancing its valuation significantly.Amazon AI venturesIn 2023, Amazon acknowledged the significance of AI within the industry and began accelerating its integration into its services. Thi ...
The underdog stock that's defying market trends and making millionaires
Finbold· 2024-02-28 07:18
It’s safe to say that there are certain gems on the stock market that shine brighter than others. They defy conventional wisdom and rewrite the rules of success. Still, which stock is that diamond in the rough right now? Well, as things stand in late February 2024, the stock we’re all looking for is Snowflake (NYSE: SNOW), a company that has positioned itself at the intersection of two unstoppable secular trends—cloud migration and the rise of artificial intelligence (AI).About Snowflake (NYSE: SNOW)Snowfla ...
Here's ‘The Big Short' Michael Burry's largest stock holding
Finbold· 2024-02-27 12:08
While it isn’t entirely uncommon for very famous and highly successful investors to keep many of their eggs in the same basket – as evidenced by the fact that 50% of Warren Buffett’s portfolio comes in the form of Apple (NASDAQ: AAPL) shares – others like Michael Burry seemingly prefer to have none of their holdings be more than 10% of the portfolio,Despite this, several stocks make up a significant portion of his holdings, with Alibaba (NASDAQ: BABA) at 8% coming to mind first due to its rocky and uncertai ...
These 3 stocks are ‘no-brainer' buys
Finbold· 2024-02-27 11:46
During periods of stock market volatility and widespread uncertainty, identifying winning stocks among thousands can be challenging. However, when examining their historical performance, certain choices distinguish themselves by consistently adapting, overcoming challenges, and emerging profitable year after year.Finbold analyzed historical performance, CEO guidance, financials, and other relevant indicators to identify three stocks investors can confidently buy and hold for profitable returns.Costco Wholes ...
Another Nvidia-like stock purchase from Nany Pelosi
Finbold· 2024-02-27 09:23
In December, US Representative Nancy Pelosi made a smart move by buying Nvidia (NASDAQ: NVDA) call options, which have since soared to over $2 million. Now, she’s back in the market, purchasing Palo Alto Networks (NASDAQ: PANW) call options worth over $1.2 million.Specifically, Pelosi purchased call options with a $200 strike price expiring in June 2025, notably on February 2 and February 21.Nancy Pelosi purchase of PANW call options. Source: TrendSpider The impact of this acquisition was promptly evident: ...
Wall Street sets Broadcom stock price for next 12 months
Finbold· 2024-02-26 15:27
Having risen approximately 100%, the software infrastructure and semiconductor giant Broadcom (NASDAQ: AVGO) was one of the biggest stock market winners in 2023. Additionally, despite suffering a brief downturn at the start of January, AVGO stock price has regained momentum since and has been mostly trading upward in 2024, as investors remained optimistic about Broadcom’s continued involvement with and integration of artificial intelligence (AI) capabilities into its already extensive portfolio.Broadcom loo ...
JPMorgan CEO's stock trades: Impeccable timing or insider trading?
Finbold· 2024-02-26 13:42
As the stock market reaches record highs, with the S&P 500 and Nasdaq composite delivering solid performances in 2024, prominent investors and CEOs appear less optimistic about the future. The latest example is Jamie Dimon, CEO of JPMorgan (NYSE: JPM), who recently sold 821,778 shares of his company JPM, totaling over $150 million.JPMorgan CEO Jamie Dimon trading activity. Source: Wall Street Silver These trades wouldn’t stand out if it weren’t for their historical timing. Dimon had a habit of buying JPM st ...