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Q3's Rising Stars: 3 Dow Stocks for Your Must-Watch List
Investor Place· 2024-07-30 16:35
The Dow Jones Industrial Average is a laggard in 2024. While other indices roared higher over the first half of the year, the venerable Dow gained only about half of its peers. Even though Magnificent Seven components Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) are part of the index because it is price-weighted and not market cap-weighted like the S&P 500 and Nasdaq 100, their movements did not influence its growth as much.The Dow Jones is much more diverse in terms of its components than the S&P, where ...
7 Small-Cap Stocks to Buy for Large-Scale Gains
Investor Place· 2024-07-30 16:25
Small-capitalization companies represent high-risk endeavors. At the same time, they generally carry higher reward potential. Basically, it comes down to a mathematical concept. Because both the price and expectations for such diminutive enterprises are deflated, when they generate positive momentum, the reaction could be quite intense. That’s why speculators continue to pour money into small-cap stocks.That said, prospective participants should be aware of the dangers of this ecosystem. While even a modest ...
Tesla Resistance Levels: Bulls Must Clear Post-Earnings Hurdles!
Investor Place· 2024-07-30 15:39
Trend line watchers, pay attention! In the wake of electric vehicle manufacturer Tesla’s (NASDAQ:TSLA) second quarter 2024 earnings disappointment, Tesla stock investors could be headed for persistent problems. Your best bet is to use Tesla resistance levels to chart a possible path to recovery — or discover a reason to get out while you still can.    To recap, Tesla’s Q2 2024 net income declined 45% year over year. Investors clearly weren’t prepared for this, and it shows in the charts. With that in mind, ...
2U (TWOU) Stock Continues to Surge in Bankruptcy Rally
Investor Place· 2024-07-30 15:32
Core Viewpoint - 2U (NASDAQ:TWOU) stock has experienced significant volatility following its bankruptcy filing, with a notable rally of 15.5% as of Tuesday morning, and a previous surge of over 100% during normal trading hours [1][4][5]. Stock Performance - The stock's daily trading volume reached over 31 million shares, significantly higher than its average of approximately 2.5 million shares [1]. - Following the bankruptcy announcement, TWOU stock initially dropped by around 60% before the recent rallies [5]. Bankruptcy and Restructuring - 2U is utilizing the bankruptcy filing to restructure its debt through agreements with lenders, allowing the company to continue operations during this process [6]. - The company anticipates exiting bankruptcy by the end of September [6]. Market Impact - The bankruptcy filing has introduced considerable volatility to the stock, raising concerns about its potential impact on the company's listing on the Nasdaq Exchange [2][4].
3 Cheap Stocks Under $25 to Buy Now and Hold for the Next Decade
Investor Place· 2024-07-30 15:28
There are plenty of cheap stocks under $25 investors can choose from. Of course, plenty of companies with lower share prices are inherently risky, and I’m not talking about just penny stocks.Companies that have been beaten down by the market, or have lower share prices, can often see outsized volatility due to increased options activity. Near-term price swings can entice some investors to simply stick with blue-chip names for more consistent growth.That’s where I focus most of my attention generally.However ...
TSLA Stock Drops as Tesla Recalls 1.8 Million EVs Over Hood Issue
Investor Place· 2024-07-30 14:48
Tesla (NASDAQ:TSLA) stock is falling on Tuesday after the electric vehicle (EV) company announced new recalls over hood issues.The problem behind the recalls affecting 1.85 million Tesla EVs concerns a software bug. This can result in the hood of the vehicle opening unexpectedly and obstructing the view of the driver.The cause of this bug is the Tesla’s software not detecting an unopened hood. Since its just a software issue and not a hardware one, Tesla is rolling out an over-the-air update to resolve the ...
Unlocking the Next 3 Trillion-Dollar Stock Opportunities
Investor Place· 2024-07-30 11:45
In 2008, Apple (NASDAQ:AAPL) became the first U.S.-traded company to reach a $1 trillion market valuation. Today, there are seven trillion-dollar companies, mostly in tech. And with today’s accelerated growth in different industries and sectors, the list of future trillion-dollar stocks keeps getting longer.However, we must admit that while it’s becoming increasingly common, reaching trillion-dollar valuations is difficult. A company needs to be profitable, be a household name, and have a strong foothold in ...
How Long Will META Stock Investors Have to Wait for Zuck's AI Investment to Pay Off?
Investor Place· 2024-07-30 10:45
Meta Platforms (NASDAQ:META) stock has been through the thick and thin in the last few years. The worst phase was in 2022 when META stock lost a third of its value and plunged below $100. iOS privacy changes and macroeconomic headwinds impacted advertising revenue for the social media-focused company.However, with the impact of artificial intelligence being the central theme, Meta has been rebuilding. From November 2022, with lows of $89, META stock has surged to current levels of $465.Even after a big rall ...
7 Top Tech Stocks to Buy and Hold for the Long Haul
Investor Place· 2024-07-30 10:45
Investing in the technology sector continues to be an excellent choice overall. This chart shows the sector-by-sector returns from the S&P 500 between 2009 and 2023. It indicates that the tech and information technology sector has been the best performer on an annual basis during that period. That alone speaks to the logic for investing in the tech sector for the long haul.Admittedly, purchasing buy and hold stocks within the tech sector can feel daunting. The volatility over the past few years does raise c ...
Apple Earnings Preview: Why It's Time to Take Profit on AAPL Stock
Investor Place· 2024-07-30 10:25
Over the past few months, “AI mania” propelled Apple (NASDAQ:AAPL) shares to new all-time highs. More recently, however, excitement about possible generative artificial intelligence growth catalysts for Apple stock have faded.As this comes ahead of earnings, you may think this is the perfect setup to “buy the dip,” before a well-received earnings report and updates to guidance send AAPL quickly back to higher prices. However, it’s definitely not a lock that this bullish scenario plays out.In fact, looking a ...