The electric vehicle (EV) sector has faced a challenging beginning in 2024, with stocks experiencing a notable sell-off partly influenced by the broader market trend. As the performance of stocks throughout 2024 remains uncertain, investors are searching for the next promising EV equities poised for growth.In this regard, Finbold utilized OpenAI’s generative artificial intelligence (AI) tool, ChatGPT, to provide insights into two EV stocks likely to skyrocket in 2024. The tool identified the following two s ...

After years of a slowdown in performance and revenue, Eli Lilly (NYSE: LLY) is starting to turn the page. With its innovations in the pharmaceutical sector, most notably in diabetes treatment, its medications performed well, raking in a huge chunk of revenue and propelling this pharmaceutical giant to the 10th largest company by market cap.Eli Lilly’s latest pharmaceutical product for diabetes and obesity, Mounjaro (marketed as Zepbound for weight management), is anticipated to potentially emerge as the hig ...

Although things looked optimistic for XPeng Motors (NYSE: XPEV), one of Asia’s largest electric vehicle (EV) and lithium-ion battery manufacturers, back in late July 2023, its stock has failed to retain the summer momentum amid a challenging year for the sector.Indeed, despite having earned the title of ‘Chinese Tesla,’ XPeng has not followed the positive movement of its American counterpart, Tesla (NASDAQ: TSLA), over the past 12 months and has gained only 2.55% on the year, whereas Tesla marched nearly 50 ...

The trading activities of U.S. Representative Nancy Pelosi are closely monitored within Congress. On December 20, the California Democrat engaged in stock and options trading while in office, focusing on the prominent artificial intelligence (AI) and semiconductor company NVIDIA Corp. (NASDAQ: NVDA).This acquisition involved procuring 50 call options for Nvidia, featuring a strike price of $120. The recorded transaction value falls from $1 million to $5 million. These call options expire on December 20, 202 ...

Previous months for PayPal (NASDAQ: PYPL) stock were less than exciting, but since 2024 started, this asset has posted healthy numbers, and investors are waiting to hear from the new CEO, Alex Chriss.Namely, the newly appointed CEO argued that PayPal needs to deliver more innovation to its users in an interview on January 17.“It is very clear what we need to do. 2024 will be a transition year for us. It’ll be all about execution, and it starts with innovation.”The specifics of his innovative ideas will be u ...

PayPal Holdings Inc. (NASDAQ: PYPL) faced a decline in value since 2021 due to stock market doubts and a competitive landscape. Analysts attribute part of the challenges to the Federal Reserve’s interest rate hikes starting in early 2022.However, a more optimistic macroeconomic scenario could set the proper conditions for a bullish turnover for PayPal shareholders. Moreover, Alex Chriss appeared for the first time for an interview on CBNC since stepping into the CEO role.In the interview, Chriss promised to ...

After gains of over 60% in the previous year, Tesla (NASDAQ: TSLA) has had a rocky start to 2024. The focus has shifted to the long-awaited Q4 earnings report that should be released on January 24.On January 2, Tesla surpassed Wall Street’s fourth-quarter delivery predictions, setting a record with 484,507 vehicles sold and meeting its full-year target of 1.81 million in 2023. We explore what the upcoming 12 months could hold for TSLA, analyzing the possibilities for additional advancements and whether this ...

With the previous year marking a breakout period for the semiconductor industry and their respective stocks, with some companies like Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) multiplying their value, it is no wonder that this effect carried into this year as well.Taiwan Semiconductor Manufacturing Company (NYSE: TSM) might be the next one in line, as its graphic chart tells a story of a possible breakout in its trend lines, as per a post on X from stock reporter TrendSpider on January ...

After experiencing a protracted growth period throughout the streaming boom driven by the COVID-19-induced lockdowns, the shares of the American entertainment giant Netflix (NASDAQ: NFLX) faced a quick and sharp decline. Indeed, the entertainment stock rose from approximately $350 in early 2020 to a peak of just under $700 in late 2021, only to crash down to $190 in the first months of 2022. Still, while the downturn spurred on by rising competition and prices and a declining user base presented a significa ...

After a solid year regarding the value gains to its stock with over 35% in the green, Apple (NASDAQ: AAPL) posted another significant milestone that hasn’t been achieved in over a decade.In 2023, Apple Inc.’s iPhone surpassed Samsung Electronics Co. devices, claiming the title of the best-selling smartphone series. This marks the first time South Korea’s largest company has relinquished the top spot since 2010, as reported on January 17.Apple outperformed Samsung in phone sales in 2023. Source: IDCApple rea ...