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ACHR Stock: Why Are Investors Hating On Archer Aviation Today?
Investor Place· 2024-08-09 18:17
Air mobility specialist Archer Aviation (NYSE:ACHR) saw its shares fall sharply, about 6%, despite a spate of positive developments. A manufacturer of electric vertical takeoff and landing (eVTOL) aircraft, Archer just came off better-than-expected results for the second quarter. Also, the company has inked credibility-boosting deals with major enterprises. Still, ACHR stock has printed red ink, likely due to valuation concerns.At first glance, the selloff appears irrational. Yesterday, Archer posted a loss ...
3 Dow Stocks to Sell in August Before They Crash & Burn
Investor Place· 2024-08-09 18:05
Though we often think of the Dow Jones Industrial Average as the representative of the 30 most significant and influential companies in the United States, even its members can sometimes falter. These struggles can stem from decreases in consumer spending, grievous mismanagement and even quality control failures that can cause international incidents. These unfortunate circumstances often lead to the formation of Dow stocks to sell.Thus, the old saying that the “bigger they are, the harder they fall” applies ...
Don't Delay! 3 Stocks to Buy Before the Next Fed Decision
Investor Place· 2024-08-09 18:04
Core Insights - Identifying stocks to buy before the next Federal Reserve decision is crucial for optimizing investment portfolios, with a focus on company fundamentals to assess financial health and market positioning [1][2] Real Estate Investment Trusts (REITs) - Realty Income (NYSE:O) is a diversified REIT with investments in retail, industrial, and data centers, benefiting from geographic and asset-type diversification [3][4] - The company reported a strong portfolio health with a 98.6% occupancy rate and a rent recapture rate of 104.3% on 198 renewed or re-leased leases [3][4] - Realty Income invested $598 million in Q1 2024, achieving a 7.8% initial weighted average cash yield, with over half of the investment in Europe and the U.K. at an 8.2% yield [3] Homebuilding Industry - DR Horton (NYSE:DHI) is a leading homebuilder with strong financial metrics, reporting a homebuilding return on inventory of 29.5% and a return on equity of 21.5% [5][6] - The company closed 24,155 homes in Q3, a 5% increase from the previous year, with home sales revenue rising 6% to $9.2 billion [5][6] - DR Horton maintains a large inventory of 42,600 homes, positioning itself to meet market demand effectively [5][6] Home Improvement Retail - Home Depot (NYSE:HD) focuses on the residential asset class, with a total addressable market of about $1 trillion, and significant growth potential in the residential pro contractor segment [7][8] - The company is expanding its Pro ecosystem to 17 markets by fiscal year-end, enhancing its service capabilities for specialty trade Pro customers through strategic acquisitions [8]
3 Streaming Stocks Primed for Big Gains This Year
Investor Place· 2024-08-09 18:03
In recent years streaming stocks have experienced exponential growth as an increasing number of platforms vie for viewer attention. But amidst the intense competition, a few names have emerged as winners in a crowded market.The advent of streaming platforms has ushered in a new era of television, transforming how we consume media by providing greater flexibility and personalized recommendations. Gone are the days when traditional broadcasting monopolized entertainment as streaming platforms gave television ...
7 Under-$20 Stock Picks That Need to Be on Your Radar
Investor Place· 2024-08-09 17:18
In the market as in life, you get what you pay for. And that means stocks under $20 present a tricky narrative. Understandably, the topic gets plenty of traction. The biggest blue-chip enterprises tend to command three-digit price tags, if not greater. It just leaves regular folks on the outside looking in, especially if they don't have access to fractional equity capabilities. To remedy this situation, some investors turn to cheap securities. However, the problem with this approach is that sometimes (many ...
Cathie Wood Is Doubling Down on Amazon (AMZN) Stock. Should You?
Investor Place· 2024-08-09 16:43
Shares of Amazon (NASDAQ:AMZN) stock are in focus following several buys from Ark Invest’s Cathie Wood.Yesterday, five out of the six Ark funds increased their positions in the e-commerce giant. These include the ARK Innovation ETF (NYSEARCA:ARKK) and the ARK Fintech Revolution ETF (NYSEARCA:ARKF). The ARK Genomic Revolution ETF (BATS:ARKG) was the only fund left out of the party, as its name suggests.That wasn’t Wood’s only buy this week, as she loaded up $35 million worth of AMZN on Monday. Her Amazon pur ...
Why Is Iovance Bio (IOVA) Stock Up 18% Today?
Investor Place· 2024-08-09 16:20
Core Viewpoint - Iovance Biotherapeutics reported better-than-expected earnings and revenue for the second quarter, leading to a significant increase in stock price despite a net loss per share. Financial Performance - Adjusted earnings per share for the second quarter were -34 cents, slightly above the expected -35 cents and an improvement from -47 cents in the same period last year [1] - Revenue for the quarter was reported at $31.11 million, exceeding analysts' expectations of $24.23 million and significantly higher than the $238,000 reported in Q2 2023 [2] Revenue Guidance - The company provided revenue guidance of $53 million to $55 million for Q3, surpassing Wall Street's estimate of $49.04 million [3] - For 2024, Iovance Biotherapeutics expects revenue between $160 million and $165 million, again higher than analysts' estimate of $143.21 million [3] - Revenue expectations for 2025 are projected to be between $450 million and $475 million, exceeding Wall Street's estimate of $403.71 million [4] Stock Market Reaction - Following the earnings report and positive guidance, Iovance Biotherapeutics' stock rose by 18.1% as of Friday afternoon [4]
Nvidia Technical Analysis: A Simple Dip Doesn't Mean Abandon Ship!
Investor Place· 2024-08-09 15:45
If Nvidia (NASDAQ:NVDA) stock is falling, the buyers should come calling! Share-price dips will happen from time to time, and there’s no need to lose hope. Just use some basic Nvidia technical analysis, and you’ll undoubtedly discern the terrific buying opportunity with Nvidia stock. What’s going on, exactly? First of all, Nvidia expects to delay the release of its new Blackwell artificial intelligence (AI) chips. However, Piper Sandler analyst Harsh Kumar isn’t overly concerned, as “strong tailwinds fr ...
3 Quality Stocks to Buy That Fell 5% in a Single Day
Investor Place· 2024-08-09 15:39
Recent volatility in the stock markets has allowed investors to buy discounted quality stocks you couldn’t find earlier in 2024. For example, the S&P 500 lost 8.5% from its 52-week high of 5,669.67 in mid-July to its Aug. 5 closing price of 5,186.33. That’s an average of 0.60% per day over the 14 days. I saw an article from late July about Alphabet (NASDAQ:GOOG, GOOGL) stock falling 5% in a day. The article tried to explain why the stock fell. The reality is that the recent market correction has made even ...
The 3 Best Energy Stocks to Buy in August 2024
Investor Place· 2024-08-09 13:39
Industry Overview - The energy sector has evolved significantly, transitioning from traditional sources like natural gas and oil to renewable alternatives such as hydrogen and solar, yet energy remains essential for daily life and transportation [1] - Government policies heavily influence the energy sector, making the upcoming election critical for shaping future guidelines and directions for energy companies [2] Company Analysis Quanta Services (PWR) - Quanta Services is recognized as a growth energy stock, providing infrastructure solutions to the energy industry and boasting the largest craft labor force in the U.S. [3] - The company reported Q2 FY2024 revenues of $5.59 billion, reflecting a 10.8% year-over-year increase, with consistent double-digit growth in financial performance [3] - EPS is projected to grow by 20% in 2024, surpassing the industry average of 10% [3] NextEra Energy (NEE) - NextEra Energy is the largest electric utility company in the U.S., with significant growth catalysts, including a $80 million increase in net income for its subsidiary Florida Power & Light [5] - The company exceeded expected earnings in Q2 by $0.06, achieving an EPS of $0.96, and is anticipated to benefit from upcoming interest rate cuts [5][4] Canadian Solar (CSIQ) - Canadian Solar's stock has declined over 45% this year and nearly 60% from the previous year due to three consecutive quarters of revenue decline, presenting a potential buying opportunity [6] - The price-to-earnings ratio has adjusted to 4.90x, significantly lower than the industry average, with a forward P/E of 6, making it competitive among solar companies [6] - The company secured $160 million in funding for the Bayou Galion solar project, which is expected to enhance its market position [6]