The United States may be about to witness antitrust history. Recently, a federal judge handed down a warning against Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), ruling that Google holds an unfair monopoly over the search engine market. Described as the “biggest tech antitrust case in decades,” this ruling may already be about to yield action. According to reports, the U.S. Department of Justice is considering taking steps to break up the Google monopoly. Indeed, after years of politicians floating the possibility ...

Last Monday’s market rout saw tech stocks, specifically AI stocks experience major selloffs as investors across the board decided to take profits from overvalued positions.In fact, for many of the companies that experienced the correction, the selloff was a long time coming. As such, oversold AI stocks could be poised for a strong comeback as investors flock back to bullish sentiments on AI.Moreover, these three AI stocks could see their prospects improve as a result of broader tech success beyond the news- ...

Nasdaq stocks are effectively navigating a rollercoaster market with resilience.Despite a recent flurry of challenges for the tech space, Nasdaq stocks have outperformed the S&P 500 in the past two months. A lot of its recovery is linked to the strong recoveries in the Magnificent Seven (Mag 7) stocks. Though these stocks took a hammering in recent weeks, they have bounced back emphatically.To put things in perspective, The Nasdaq Index comprises more than 3,000 diverse stocks ranging from heavyweight tech ...

Core Viewpoint - Investing in growth stocks with the potential for significant returns requires thorough research and patience, particularly in sectors poised for expansion by the end of the decade [2][3]. Group 1: Growth Sectors - Key sectors identified for potential multibagger opportunities include artificial intelligence, renewable energy, healthcare, and infrastructure [2]. - Companies in these sectors may experience revenue, earnings, and free cash flow growth due to industry-specific tailwinds [2]. Group 2: Company Highlights - **GoDaddy (GDDY)**: - The company has seen over a 50% increase in stock price year-to-date, driven by expanding revenue, earnings, and free cash flow [4]. - In Q2, revenue grew by 7% year-over-year, with net earnings increasing by 76% to $146.3 million [4]. - GoDaddy is investing in its AI-powered platform, GoDaddy Airo, enhancing customer experience through features like AI logo generation and SEO capabilities [4]. - **Texas Roadhouse (TXRH)**: - The restaurant chain is expanding its operations, which is expected to significantly boost revenue and earnings through 2030 [5][6]. - In Q2, revenue rose by 14.5% year-over-year to $1.34 billion, and net earnings increased by 46% to $120 million [6]. - The company plans to open 15 company restaurants and six franchises in 2024, indicating strong future growth potential [6]. - **Comfort Systems USA (FIX)**: - The company is positioned to benefit from increasing global infrastructure spending [7]. - In Q2, revenue surged by 40% year-over-year, and net earnings soared by 93% to $134 million [8]. - Comfort Systems has a record backlog of $5.77 billion, reflecting strong demand for its HVAC services [8].

Earlier this month, the CBOE Volatility Index or VIX shot higher, indicating extreme pessimism among investors. While not a directional index per say, the VIX measures anticipated market movement. Since equities tend to accelerate faster during downcycles than up, a heightened VIX is generally equivalent to negative expectations. Not surprisingly, several high-flying Nasdaq stocks suffered in recent sessions.However, the narrative may be shifting. Recently, the Producer Price Index showed a slower rise than ...

Early this month, the CBOE Volatility Index, or VIX soared to multi-year highs. As a contrarian indicator, a northward trek of the fear gauge implies a negative outlook for equities. To put it simply, the VIX tells us the magnitude by which options traders anticipate the market will move. Since acceleration is sharper during down cycles than up, higher mobility is generally bearish. Still, speculators may want to consider certain stocks to buy now.That’s because the VIX is part of the usual ebb and flow of ...

Core Viewpoint - Intel has experienced a significant decline in stock price following disappointing earnings results and negative developments, with shares dropping over 26% and currently trading below $20, levels not seen in over a decade [1][3]. Financial Performance - For the quarter ending June 30, 2024, Intel reported revenue down nearly 1% year-over-year, missing forecasts by approximately $150 million [3]. - Non-GAAP earnings came in at 2 cents per share, missing expectations by 8 cents [3]. - Guidance for the current quarter was lowered, with expected revenue between $12.5 billion and $13.5 billion, compared to analyst expectations of $14.4 billion [3][4]. Strategic Developments - Intel has suspended its dividend and announced layoffs affecting 15,000 employees, indicating increased uncertainty regarding its turnaround efforts [4]. - The company is attempting to capitalize on the AI chips trend and expand its chip foundry operations, but recent challenges may hinder these plans [4][6]. Valuation Insights - Despite the stock's drop to sub-$20, it trades around its tangible book value, but other valuation metrics suggest it may still be overvalued [5]. - Analysts project earnings per share (EPS) of only 27 cents for the current year, resulting in a forward price-to-earnings (P/E) multiple of 72.4 [5]. - Expected earnings rebound in 2025 to $1.26 per share implies a valuation of around 15.3 times this forecast, which may not reflect the current uncertainties [5]. Market Sentiment - Investors considering buying Intel at current prices may be misjudging the situation, as further declines could occur due to ongoing pessimism about the company's prospects [7][8]. - The tangible book value may provide some support against further declines, but it is subject to change with potential net losses [8].

With the artificial intelligence (AI) story still heating up, buy semiconductor stocks on the cheap. For one, after a massive tech pullback, many are now dirt cheap, including Nvidia (NASDAQ:NVDA), which is just starting to regain lost momentum. Two, with the AI boom heating up, Precedence Research says the semiconductor global market could be worth about $1.13 trillion by 2033 from $544.8 billion in 2023.Three, many of the top semiconductor companies are posting incredible sales growth. Taiwan Semiconducto ...

The AI boom has made finding high-growth stocks at fair value challenging, especially in the tech and chip sectors. Despite Nvidia’s (NASDAQ:NVDA) recent drop from $134 to $112 per share, stocks related to the AI trend remain pricey, to say the least. That said, some growth opportunities are now fairly priced after sector pullbacks, offering investors a chance to buy growth at reasonable rates.Many investors may miss such growth stocks, especially now that recession fears are looming large again and the tec ...

Always pay close attention to new stock price targets from firms, like Needham. While the firm won’t always get it right, price upgrades are still worth paying attention to. Perhaps they’re seeing favorable industry trends that are impacting a covered stock. Maybe the financial health of a stock based on earnings or guidance is improving. Or, perhaps, they liked what they heard in a meeting with management. Whatever the case, it’s a good idea to look into the reasoning for a price upgrade.However, never use ...