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3 Consumer Discretionary Stocks Poised for a Comeback After Last Week's Market Meltdown
Investor Place· 2024-08-14 10:12
The market opened horribly last week, with most equities taking a beating as geopolitical and macro-related concerns spurred panic among investors. Consumer discretionary stocks, in particular, faced the brunt of this sell-off, registering massive losses as fears of an economic slowdown rattled the sector. However, as the week progressed, the market began to recover, creating a unique opportunity for investors willing to buy into the fear.This article will focus on the consumer discretionary sector, as many ...
Why Walmart Stock Is a Top Pick for Defensive Investors in 2024
Investor Place· 2024-08-14 10:10
Walmart (NYSE:WMT) reports earnings on Aug. 15. Its results are expected to be decent, if not spectacular. Most analysts see same-store sales growth with operating margins nearing double digits, which should be good for Walmart stock. I’m not one to focus too closely on quarterly reports, opting to think bigger picture, longer-term. There are three things that I’ll continue to look for as the company continues to grow its behemoth business model. For me, it boils down to Walmart’s growing ad business, the u ...
3 Reasons to Get Rid of Your Tesla Stock Now
Investor Place· 2024-08-14 10:09
The U.S. electric vehicle (EV) maker Tesla (NASDAQ:TSLA) cannot seem to avoid bad news in 2024. Investors were already taken aback when CEO Elon Musk announced at the beginning of the year that 2024 would be a difficult year for growth and issued lackluster guidance. This premonition turned out to be true, as Tesla saw deliveries decline for the first time since 2020 in the first quarter of 2024, despite Tesla’s Chinese rivals and the American luxury EV maker Rivian (NASDAQ:RIVN) reporting increased deliver ...
Netflix Remains the Best Choice in Streaming Stocks
Investor Place· 2024-08-14 10:00
With its continued subscriber growth and profitability, Netflix (NASDAQ:NFLX) remains the best choice investors have when it comes to stocks of streaming platforms.Netflix stock has powered ahead and grown stronger as its rivals continue to stumble and struggle. In the last 12 months, NFLX stock has risen 50%, including a 35% gain so far this year. Compare that with the 50% decline over the last year in the share price of rival Warner Bros. Discovery (NASDAQ:WBD), or the 33% drop in the stock of Paramount G ...
Bucking the Trend: 3 Stocks That Zoomed While the Market Crashed
Investor Place· 2024-08-14 06:00
Market Overview - Last week's market turmoil was not indicative of a broad-based collapse, with the S&P 500 closing largely unchanged despite fears of a U.S. recession and volatility in AI-powered tech stocks [1] - Some stocks demonstrated resilience, posting double-digit gains during the market downturn and continuing to show strong performance afterward [2] Company Performances Latham Group (SWIM) - Latham Group's stock initially fell 10% but rebounded to a 64% gain after reporting better-than-expected second-quarter profits [4][5] - The company reported a 10% decline in sales to $160 million but improved profitability due to cost structure enhancements and production efficiencies [5] - Analysts expect an 8% sales decline for the full year to $520 million, with profits projected to drop from 21 cents to 3 cents per share before recovering to 11 cents the following year [6] Lumen Technologies (LUMN) - Lumen Technologies' stock surged 150% before retracting some gains, driven by its involvement in AI infrastructure [8] - The company has signed over $5 billion in partnership deals related to AI and anticipates additional opportunities worth over $7 billion [10] - Despite the stock's rise, it remains undervalued, with potential price targets suggesting a 40% upside from current levels [11] TenX Keane Acquisition (TENK) - TenX Keane Acquisition experienced a significant stock increase of 275% following shareholder approval of its merger with Citius Pharmaceuticals [12] - The merger is expected to close soon, with the combined entity rebranded as Citius Oncology [12] - Citius recently received FDA approval for its Lymphir therapy, presenting a market opportunity valued between $300 million and $400 million, with analysts projecting a 470% upside based on current trading prices [14]
3 Top Investing Opportunities During Stock Market Chaos
Investor Place· 2024-08-13 21:00
The current chaos that continues to roil the markets is creating a lot of headaches and material losses as major indices fall. It’s also creating top investing opportunities to capitalize as prices dip artificially low in some cases. That’s what we’ll be talking about today: Stocks to buy on the dip amidst all the current market chaos.Buying on the dip comes with its own set of pros and cons, like just about everything else. The downside is that timing the market is often difficult. What looks like an attra ...
3 Underperforming Dividend Stocks to Sell Now
Investor Place· 2024-08-13 21:00
Dividend stocks offer steady cash flow and the potential to generate long-term gains. However, “potential” is the key word, and some stocks don’t live up to expectations. While quarterly dividend payments are nice, they don’t mask underperformance. Some dividend stocks have trailed the S&P 500 for several years. While the yields are higher than most stocks, that’s not enough to justify a good investment. It’s also not enough to justify an investment if the corporation is a household name. Some household nam ...
3 Robotics Stocks Poised for Possible Industrial Revolution
Investor Place· 2024-08-13 20:30
Now might be a great time for investors to consider scooping up shares of these robotics stocks. I think that although in the short-term these technologies will be a slow burn in terms of improving company productivity, the tech stack of artificial intelligence (AI), machine learning, and the Internet of Things (IoT), will all contribute meaningfully to company revenue over the next decade. Industry forecasts anticipate the market reaching a huge sum of $34.64 billion by 2031. However, on balance, not every ...
3 Entertainment Stocks Poised for a Comeback After Last Week's Market Meltdown
Investor Place· 2024-08-13 20:30
August sent investors into a tizzy, with massive volatility shaking up major indices. However, amidst the chaos, betting on the best entertainment stocks on the dip could prove wise.In the backdrop of interest rate cuts, entertainment stocks offer a particularly attractive opportunity. Moreover, with corporate profits expected to rise, the sector stands to gain significantly from the resilience in discretionary spending.This scenario is supported by JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon’s recent comment ...
AVGO Buy Alert: Broadcom Stock Is Poised to Benefit From the Ongoing AI Boom
Investor Place· 2024-08-13 19:08
With many signs showing the AI boom is continuing, Broadcom (NASDAQ:AVGO) will enjoy tremendous benefits from the trend going forward. What’s more, after AVGO stock declined in recent weeks, the share’s valuation looks quite attractive. And by and large, the Street appears very bullish on the name. In light of these points, I recommend long-term, conservative investors looking to benefit from the AI revolution buy AVGO stock.Multiple Signs Suggest the AI Boom ContinuesAfter hyperscalers spent large sums on ...