Workflow
Investor Place
icon
Search documents
7 Divine Dividend Stocks to Buy for Another Market Crash
Investor Place· 2024-08-13 19:05
Buying dividend stocks has proven to be a superior investing strategy. Because dividend payers tend to be large, successful businesses, they can better withstand the winds of market turmoil. Analysts at the Hartford Funds found that going as far back as 1930, stocks that initiated and raised their dividends handily beat all other stocks. Moreover, there was never a time when dividend stocks on the benchmark index had a losing decade. It just makes sense that being paid to own stocks and hold them for the lo ...
NVDA Options Trade: Buy Right With a Buy-Write Strategy!
Investor Place· 2024-08-13 19:01
Attention, income collectors everywhere! I know you’re happy about Nvidia’s (NASDAQ:NVDA) dividend hike from earlier this year. That’s great, but it’s not the only way you can collect income from your Nvidia stock investment. With a basic, two-step NVDA options trade, you can get an up-front cash payout that could potentially boost your profits.    Nvidia is still the undisputed heavyweight champion of U.S.-based artificial intelligence (AI) graphics processing unit (GPU) makers. However, even a champ like ...
Cisco Layoffs 2024: What to Know About the Latest Job Cuts at CSCO
Investor Place· 2024-08-13 18:48
Cisco (NASDAQ:CSCO) is among the large-cap tech stocks that investors may not necessarily pay as close attention to as, say, others in the so-called “Magnificent Seven.” However, the company is seeing significant attention today, with the latest round of Cisco layoffs reportedly set to be carried out soon.This latest round of layoffs will affect at least 4,000 employees. The company is expected to make the official announcement in its upcoming quarterly earnings report, which is due tomorrow.With many tech ...
3 Stocks That Tend to Perform Well During Uncertain Times
Investor Place· 2024-08-13 18:17
Turmoil in the market can put even the most seasoned investors at unease. Thankfully, several stocks for uncertain times can help weather the storm. These stocks show promise of stability, consistent returns and resilience during unfavorable market conditions. An uncertain economy, commonly referred to as a “bouncy” economy is when the future of the economy can be hard to predict with several unknowns on the horizon. This year, inflationary concerns and questions over interest rate cuts have caused several ...
Nvidia is Down 21%. Here Are 3 Better Stocks to Buy for the Rest of 2024
Investor Place· 2024-08-13 17:52
There are better stocks to buy instead of Nvidia (NASDAQ:NVDA). Although the chipmaker has been an absolute workhorse and promises to radically alter the artificial intelligence landscape, let’s be real and admit NVDA stock is not cheap.The leading AI stock trades at 64 times earnings, 34 times sales, and 70 times free cash flow (FCF). Those are all nose-bleed valuations. Essentially, if you were to buy Nvidia outright, it would take you 64 years to earn back your investment through its profits. As the popu ...
NKE Investor Alert: What's Going on With Nike Stock Today?
Investor Place· 2024-08-13 17:24
Athletic apparel and equipment manufacturer Nike (NYSE:NKE) saw its shares pop over 5% higher on Tuesday, albeit on no corporate-specific news. Instead, it appears that much of the upside catalyst stems from analysts’ reiterating their bullish assessments on Nike stock. Fundamentally, the brand may also be basking in the glow of a successful showpiece at the Paris Olympics.Recently, two analysts — Bernstein SocGen Group and Bank of America Securities — reiterated the equivalent of “buy” ratings. The latter ...
3 Meme Stocks That Might Actually Ride Out the Storm
Investor Place· 2024-08-13 17:05
Meme Stocks Overview - Meme stocks are publicly listed companies that gain traction due to increased interest among retail traders on social media platforms like Reddit [1] - These stocks often attract attention through speculative discussions about their price performance [1] Super Micro Computer (SMCI) - SMCI develops and manufactures high-performance server and storage solutions, benefiting from the AI boom [2] - The stock surged due to high demand for bandwidth driven by generative AI but lost nearly 40% in the trailing month due to global monetary policy shifts and tech sector volatility [2] - Shares are trading at 2.05X sales, significantly lower than the prior year's average of 3.16X and the first quarter's peak of 6.23X [3] - Analysts project revenue growth to $26.51 billion in 2024, a 77.4% increase from $14.94 billion in 2023 [3] PayPal (PYPL) - PayPal specializes in digital payments and offers business management solutions, making it a key player in the fintech space [5] - The gig economy, valued at $355 billion in 2021, is expected to grow to $1.86 trillion by 2031, with a CAGR of 16.18%, benefiting PayPal [5] - Shares trade at 2.2X trailing-year revenue, below the past year's average of 2.32X, and analysts project 14.8% revenue growth to $31.94 billion in fiscal 2024 [6] Intel (INTC) - Intel is considered one of the riskiest meme stocks due to its disappointing Q2 2024 earnings, with EPS of 2 cents missing the expected 10 cents and revenue of $12.83 billion falling short of the $12.92 billion consensus [7] - Compared to Q2 2023, Intel's performance declined significantly, with EPS dropping from 13 cents to 2 cents and revenue decreasing from $12.95 billion to $12.83 billion [7] - INTC stock is down 44% in the trailing month, though the decline slowed to 4.5% in the past five sessions [8] - Analysts anticipate a down year in sales growth for fiscal 2024, but the most optimistic projections for fiscal 2025 target revenue of $60.49 billion, up from $54.23 billion in 2023 [8]
7 Generative AI Stocks That Are Worth Picking Up NOW
Investor Place· 2024-08-13 16:57
Artificial intelligence may very well take over the world. However, like anything in the market, excessive hype can push valuations ahead of the sector. That appears to have been the case recently regarding the tech sector meltdown. Suddenly, the CBOE Volatility Index or VIX screamed higher, indicating fear in the market. But that could present a viable opportunity for generative AI stocks.As Bloomberg mentioned earlier this year, the entire generative AI ecosystem could be worth $1.3 trillion by 2032. Acco ...
Tencent News: Why Is TME Stock Plunging 15% Today?
Investor Place· 2024-08-13 16:06
Tencent Music Entertainment (NYSE:TME) stock is falling on Tuesday after the online music entertainment platform company reported earnings for the second quarter of 2024.The bad news for investors in TME stock starts with its adjusted earnings per share of 65 cents. That’s a miss next to Wall Street’s estimate of 1.18 yuan. Adding to this trouble is revenue of 7.16 billion yuan. That only just came in above analysts’ revenue estimate of 7.14 billion yuan.Tencent Music Entertainment also notes that its Q2 20 ...
3 AI Stocks to Buy on the Dip: August 2024
Investor Place· 2024-08-13 15:48
With the stock markets flinching, it’s the right time to look into some AI stocks to buy on the dip.This past week, we saw AI stocks selling off sharply. The leaders of last year’s surge in the Magnificent 7, saw trillions wiped off from their market caps. This downturn aligns closely with the outlook from JPMorgan, now expecting a 35% chance of a U.S. recession this year. This is up from 25% just last month.Nevertheless, despite these shortcomings, the AI revolution is far from over. With JPMorgan expectin ...