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The 3 Best Cloud Computing Stocks to Buy in August 2024
Investor Place· 2024-08-07 21:29
The global cloud computing market is set to triple by 2031 to hit $2.22 trillion. However, unlike other tech sectors, where new entrants have disrupted the market and given the old brands a run for their money, the cloud computing sector seems different. The best cloud computing stock continue to dominate the market.These three cloud computing stocks have significantly improved since the beginning of the year. They show great prospects to outperform the industry growth heading to the end of the year. By inv ...
FTNT Stock Alert: Why Investors Are Piling Into Fortinet Today
Investor Place· 2024-08-07 20:47
Fortinet (NASDAQ:FTNT) stock is up a staggering 25% today after reporting strong second-quarter earnings results. Indeed, the cybersecurity stock led Wall Street in the morning as the top gainer.Fortinet managed to hardily beat both earnings and revenue estimates in its fiscal second quarter. The company reported earnings of 57 cents per share on revenue of $1.43 billion, compared to estimated earnings of 41 cents on $1.40 billion.This has, predictably, earned the admiration of many a Wall Street analyst, i ...
7 Set-and-Forget Retirement Stocks With Potential to Pay You Forever
Investor Place· 2024-08-07 20:30
More and more Americans are looking for reliable, long-term stocks to bolster their retirement portfolios. While Americans continue to look for ways to retire younger, it is becoming harder to save for retirement. The effects of inflation and rising housing costs and future medical expenses have made it harder to retire. One way to counteract the rising issue is to bolster future income through income-producing stocks that investors can set and forget. There are certain stocks that will effectively pay inve ...
3 Stocks to Dump as Investors Rotate to Dow Jones Components
Investor Place· 2024-08-07 20:30
Monday’s sudden market crash disrupted investor sentiment. However, growing recession fears have investors pondering which stocks to sell in anticipation of a potential rotation into the Dow Jones.In July, investors were concerned that tech stocks had peaked after riding high on artificial intelligence (AI) developments. Some stocks were sold into more stable options concentrated in the Dow Jones or, in some cases, holding cash. For example, Warren Buffett reduced Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK- ...
3 AI-Focused Stocks That May Shape the Future of Technology
Investor Place· 2024-08-07 20:24
AI stocks have gone out of style in recent weeks, and while some of the names may have been overvalued, it’s unlikely that an AI bubble is bursting before our eyes. Not to discount the magnitude of pain that the latest tech plunge has inflicted on investor portfolios, but the S&P 500 hasn’t even officially entered correction territory (that’s a 10% fall from the top) quite yet. Though the Nasdaq 100 is down around 13%, only three and a half months’ worth of gains have been wiped out so far.Further, recessio ...
Nvidia Options Trade: Get Paid More When the Stock Goes Down!
Investor Place· 2024-08-07 17:37
Nvidia (NASDAQ:NVDA) lead the pack in the field of artificial intelligence (AI) capable graphics processing units (GPUs). However, even an industry dominator like Nvidia can temporarily lose favor among investors. That’s actually good news, since it means that Nvidia options traders can seize the moment and get paid with cold, hard cash. Don’t just jump into a hasty trade, though. First and foremost, investors should identify the main reasons for the recent pullback in Nvidia stock. Then, assuming the ...
Disney Stock News: 7 Big Reasons Why DIS Stock Is Trending Today
Investor Place· 2024-08-07 16:53
Disney (NYSE:DIS) stock is one of today’s top trending names for mixed reasons. The family entertainment conglomerate has been volatile since markets opened as both positive and negative headlines trend.For one, Disney+, the streaming arm of the company, managed to turn a profit for the first time since launching in 2019. But Disney has also reported weaker-than-expected results for its theme parks, which suggests that the industry may be in trouble. This type of day tends to leave investors with questions ...
AMD Stock Forecast: Let the Selling Subside Before Jumping In
Investor Place· 2024-08-07 16:53
Advanced Micro Devices (NASDAQ:AMD), commonly known as just AMD, is a premier American chipmaker and its investors will usually win in the long run. However, today’s AMD forecast shows that getting in too early will likely be a costly mistake. So, check both the company’s fundamentals and the price chart if you’re thinking about buying AMD stock.There’s an old stock-market saying that it’s better to be late than early with your entries. Waiting for the selling pressure to subside is a smart move – and as we ...
Biotech News: Why Is Aditxt (ADTX) Stock Up 49% Today?
Investor Place· 2024-08-07 16:43
Group 1 - Aditxt's stock is experiencing a significant rise due to an update on a clinical trial from its subsidiary Pearsanta, which submitted a proposal for a Clinical Trial Translational Endpoints Research Award to the Department of Defense [1] - The proposal aims to validate a novel assay based on Pearsanta's Mitomic Technology for the early detection of ovarian cancer, which is part of the company's mission to revolutionize early cancer detection [1] - Pearsanta's president emphasized the importance of this proposal in providing a reliable, non-invasive blood test that could lead to earlier detection and more effective treatments for cancer [1] Group 2 - The trading volume of Aditxt's stock has surged, with over 97 million shares changing hands, a significant increase from the daily average of approximately 615,000 shares [2] - As of Wednesday afternoon, Aditxt's stock price has increased by 48.8% [2]
NVO Stock Alert: Why Is Novo Nordisk Down 8% Today?
Investor Place· 2024-08-07 16:21
Novo Nordisk (NYSE:NVO) stock is falling on Wednesday after the pharmaceutical company announced results for the second quarter of 2024.A major blow to the company comes from its revenue of $3.8 billion. That’s below the $4.1 billion in revenue that Wall Street was expecting. Even so, the company has plans to overcome this issue.Here’s what Novo Nordisk president and CEO Lars Fruergaard Jørgensen had to say on the matter.“We are pleased with the sales growth in the first half of 2024, which has enabled us t ...