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 ...

Starbucks (NASDAQ:SBUX) stock is heading higher on Tuesday after the company announced that Brian Niccol is taking over as chairman and CEO of the coffee chain.This will have Niccol replacing Laxman Narasimhan as the next CEO of Starbucks. This is due to Narasimhan turning in his immediate resignation from the company.Starbucks won’t get Niccol as its new CEO until Sept. 9, 2024. While it waits, current SBUX Cheif Financial Officer Rachel Ruggeri will serve as the interim CEO of the company.SBUX stockholder ...

As whispers of interest rate cuts circulate, the investment world is brimming with promise.While global markets have been on the edge, history tells us that the Federal Reserve typically saves emergency rate cuts for full-blown crises, like the 2008 meltdown or the COVID-19 shock. However, the recent uptick in unemployment has sparked significant concern regarding the stability of the U.S. labor market. More and more people are finding themselves without work, whether from temporary layoffs or the persisten ...

Home Depot (NYSE:HD) stock is a little volatile but mostly flat this morning after the company reported stronger-than-expected second-quarter financial results but reduced its full-year sales and profit guidance. The retailer noted that its performance was negatively impacted by “higher interest rates and greater macroeconomic uncertainty.”Home Depot’s Q2 Results and Guidance CutsThe company’s revenue increased 0.7% last quarter versus the same period a year earlier to $43.2 billion. The latter figure was w ...

A large majority of the companies have already reported second-quarter results. While we can call it a mixed earnings season, there are a few companies that beat expectations and reported record revenue and profits. These earnings winners have proved their strength and are ready for a stellar second half of the year.I’ve identified three stocks that are on the rise after reporting impressive second-quarter results. These three companies have a lot of potential to keep the momentum going and their numbers pr ...

Core Viewpoint - Vicinity Motor (NASDAQ:VEV) stock is experiencing significant trading activity, with over 73 million shares moving, far exceeding its average daily volume of approximately 2.5 million shares and its float of 41.34 million units [1][2]. Group 1: Stock Performance - VEV stock has surged by 141.1% as of Tuesday morning, indicating a strong upward movement in its price [3]. - The stock is categorized as a penny stock, with a prior closing price of 10 cents and a market capitalization of only $5.017 million [2][3]. Group 2: Market Activity - The unusual trading activity is occurring without any clear news or press releases from Vicinity Motor, nor is there any analyst coverage that could explain the rally [2]. - The high trading volume may suggest speculative interest from traders, potentially involving retail and day traders engaging in pump and dump strategies [3].

Advanced Micro Devices (NASDAQ:AMD) stock is a buy after its second quarter (Q2) 2024 earnings. The company posted strong financial results, surpassing revenue expectations. The driving force was its record Data Center segment revenue and accelerated AI growth. Moreover, its Data Center segment revenue hit a record, driven by solid demand for Instinct GPUs and EPYC CPUs. The primary growth driver was client segment revenue boosted by Ryzen processors. Certainly, AMD has a lead in AI and data center solution ...

Blue-chip stocks are commanding attention from investors looking for stability and reliability amidst a fluctuating market. Typically, these stock market stalwarts are known for their solid financials, long histories of profitability and consistent records of dividend payments. These factors make them perennial favorites among conservative investors.The stock market has been volatile of late as investors mull over the possibility of a hard landing. This has led to a decline in stock prices of several compan ...

Finding underrated Nasdaq 100 stocks to buy in 2024 will not be a walk in the park. Although the index recently experienced a small dip, many of the companies are still extremely expensive. The Nasdaq 100 is an index comprising 100 of the top non-financial securities trading on the Nasdaq exchange. This means that only securities listed on the Nasdaq exchange are included in the index. Additionally, it includes companies from sectors such as consumer staples, materials, industrials, and information technolo ...

Core Insights - Wedbush has shifted its focus from high-profile tech stocks to other sectors, with notable price target adjustments in health care, real estate, consumer discretionary, and financial services [1][2] Group 1: Apellis Pharmaceuticals (APLS) - Wedbush maintained a "neutral" rating on APLS and raised its price target from $38 to $41 per share following promising Phase 3 clinical trial data for Empaveli, which could lead to regulatory approval for treating rare kidney diseases [3][4] Group 2: Beazer Homes USA (BZH) - Wedbush reiterated a "neutral" rating on BZH while increasing the price target from $33 to $41 per share, driven by mixed quarterly earnings results but positive updates on community growth and balance sheet improvement [6][7] Group 3: Maplebear (CART) - The price target for Maplebear was raised from $35 to $38 per share, maintaining a "neutral" rating, following a quarterly earnings beat and a solid outlook for the current quarter, with the new target approximately 19% above current trading prices [8][9] Group 4: Cyberark Software (CYBR) - Wedbush increased the price target for Cyberark from $285 to $300 per share after a strong quarterly earnings report, with analysts highlighting significant upside potential despite high valuation at 118.9x forward earnings [11][12] Group 5: Expedia Group (EXPE) - The price target for Expedia was raised from $125 to $130 per share while maintaining a "neutral" rating, following a revenue and earnings beat, although guidance updates fell short of expectations [13][14] Group 6: Under Armour (UAA) - Wedbush raised the price target for Under Armour from $8 to $8.50 per share, reiterating an "outperform" rating, as the company beat expectations in its previous quarter, indicating potential for further upside [16][17] Group 7: UWM Holdings (UWMC) - The price target for UWM Holdings was increased from $7 to $8.50 per share while maintaining a "neutral" rating, reflecting expectations of a stronger housing market, although current valuations suggest limited near-term upside [18][19]