Many corporations have reported earnings over the past few weeks. The steady stream of earnings reports gives investors a better idea of how to value companies and what to expect from them moving forward.Some growth stocks continued to excel, posting rising revenue and profit margins. However, other growth stocks demonstrated possible challenges along the horizon. Those corporations often posted decelerating year-over-year (YOY) revenue and net income growth.Buying and holding reliable corporations allows i ...

Many investors seem to be rushing to buy their favorite stocks after the latest market dip. Indeed, the bounce back from the near-correction for the S&P 500 seems almost as sudden as the plunge that began behind a weak jobs number. Though it seems like the coast has cleared, investors should always be cautious when chasing stocks after sizeable upward moves. The slate of economic data could get choppier from here, all while we approach what’s sure to be a hectic election season.Though markets can easily go ...

Don’t expect “meme mania” to make a comeback soon, but there may be good reason to consider a few of the meme stocks to buy on the dip. Largely, stocks that have experienced meme-like rallies, but aren’t primarily in the meme stocks categories.Shun names like AMC Entertainment (NYSE:AMC) and GameStop (NYSE:GME). Instead, consider other hot stocks popular among retail investors. Rather than depending on another “meme wave” to surge higher, these stocks have strong rebound potential. This time, because of com ...

Economic Overview - The U.S. Commerce Department reported that retail sales in June remained unchanged, alleviating recession concerns and indicating a resilient consumer base [1] - Retail sales in May were revised higher, supporting expectations that the Federal Reserve may reduce interest rates in September due to cooling inflation [1][2] Retail Sales Performance - Retail sales in June showed a 2.3% year-on-year increase, following a revised 0.3% increase in May, which surpassed economists' expectations of a 0.3% drop [2] Costco (COST) - Costco announced an increase in annual membership fees for both Gold Star and Business memberships, marking the first increase since 2017, with standard membership rising from $60 to $65 and Executive Membership from $120 to $130 [3][4] - The fee adjustment is set to take effect on September 1 and will impact approximately 52 million members, with Executive members receiving an enhanced maximum annual reward [3][4] Target (TGT) - Target's stock rating was upgraded to Buy by Citi, with a new price target of $180, based on expectations of improved EBIT margins in fiscal year 2024 [5][6] - Target is believed to be on firmer ground after inconsistent performance, with effective inventory management and favorable sales comparisons anticipated starting in Q2 2024 [6] Dick's Sporting Goods (DKS) - Dick's Sporting Goods reported a 5.3% growth in comparable sales for its fiscal first quarter, exceeding the anticipated 2.4% growth, with revenue rising to $3.02 billion, a 6.2% increase from the previous year [7][8] - The company revised its full-year earnings per share guidance to a range of $13.35 to $13.75, exceeding analysts' expectations, and expects comparable sales to increase by 2% to 3% [8][9]

Broadcom’s (NASDAQ:AVGO) stock may hit new highs as the semiconductor sector will integrate a sharp recovery in the fourth quarter of 2024. As per analysts at Bank of America Securities, the industry has struggled in the third quarter of 2024. The sector countered heightened volatility and macroeconomic (demand side) concerns.The iShares Semiconductor ETF (NASDAQ:SOXX) yielded negative returns during this period, reflecting the broader market’s uncertainty over the short term. However, the ETF as a sector b ...

Electric vehicle manufacturer Tesla (NASDAQ:TSLA) might be the least loved Magnificent Seven member. Oddly enough, Tesla is either a pioneer or a pariah, depending on whom you ask about it. The best way to sum up Tesla’s current situation is: “It’s complicated.” Therefore, if you intend to buy Tesla stock, only purchase a few shares and have an exit plan ready if the trade goes against you.There are several issues that complicate the Tesla bull case. These issues include Tesla’s layoffs, an executive exodus ...

Companies have life cycles just like people do.Nvidia’s (NASDAQ:NVDA) fall in July told some investors this is a mature company past the peak of growth, one that will evolve into a value stock.  It’s up an astounding 2,654% over the last five years. NVDA stock can’t possibly keep rising, can it?After hitting over $130 in June, Nvidia briefly fell below $100 per share before recovering to $110. The next date to watch is Aug. 28, when it reports third quarter earnings.Before deciding whether to jump back in o ...

Tech behemoth Nvidia (NASDAQ:NVDA) stock has been taking a breather lately.  After a stellar run-up in value this year, Nvidia stock has dipped a considerable 11%. Moreover, following the correction, the stock is now trading 22.5% behind its 52-week high price of $140.76. The steep drop is linked to geopolitical, economic and company-specific factors, which are largely temporary setbacks. Given NVIDIA’s critical role as the backbone of artificial intelligence (AI), the current lull offers an excellent time ...

Market Overview - The S&P 500 has increased by 21% over the last year, but experienced a 9% decline from July 16 to August 5 due to economic instability and a drop in Japanese markets, followed by a recovery of 5% as of August 13 [1] American Express (AXP) - American Express has seen a share price increase of 44% over the past year, recently experiencing a 10% decline but is now recovering [2] - For Q2 2024, American Express reported an 8% increase in total revenue and a 39% rise in net income year-over-year, with over three million new card signups, primarily from Gen Z and millennials, who now represent about 60% of new customers [2][3] Costco Wholesale (COST) - Costco's share price has risen by 57% over the past year, with a recent 6% decline during the stock market dip, which is now recovering [5] - In Q3 of fiscal year 2024, Costco reported a 9% increase in total revenue and a 29% rise in net income year-over-year, alongside an announcement to raise membership fees from $60 to $65 for primary memberships and from $120 to $130 for executive memberships [5] Seagate Technology (STX) - Seagate Technology's share price has increased by 45% over the past year, with a 15% decline during the recent stock market dip, which is also in the process of recovery [6] - For Q4 FY 2024, Seagate reported an 18% increase in total revenue year-over-year, shifting from a net loss of $92 million in Q4 FY 2023 to a net income of $513 million in Q4 FY 2024, beating analyst predictions and providing solid guidance for Q1 FY 2025 with expected revenue of $2.1 billion [6][7]

Citi (NYSE:C) price target cuts often get outsized attention, especially considering the recent $6.4 trillion global stock market meltdown.The bank expects global GDP growth to drop to 2.2% in 2024 and then increase to 2.8% in 2025 under its “Slow Then Grow” thesis for 2024; Citi predicts the U.S. will lead the worldwide resurgence even if the economy slows down.Regarding the stock market, Citigroup projects that corporate profits will rise by 4% in 2024 and by 8% in 2025. The bank also implies that the Fed ...