Investor Place
Search documents
GOOG Stock Sell-Off: Is it Time to Buy Alphabet on the Dip?
Investor Place· 2024-07-29 10:20
At the start of July, Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL) was hitting new highs. Flash forward to now, and Alphabet stock has reversed course. If you’ve been following recent news, you can quickly answer the question “what happened?”For one tech stocks have experienced a sell-off. Doubt and uncertainty about the generative AI growth trend has negatively affected mega-cap tech stocks across the board.In light of this, it makes sense why GOOG continued to slide lower, after the company’s latest earnings relea ...
3 Nasdaq Stocks to Buy on the Dip: July 2024
Investor Place· 2024-07-29 10:15
While most Nasdaq stocks continue to trade near all-time high levels, some of the names have dipped in recent days due to a general market pullback, potentially making them good buys at their current levels.In fact, some Nasdaq stocks failed to keep up with the overall market rally of the past year in the first place, making the recent dip in stock prices an extra-attractive opportunity. Thus, I believe today presents a unique chance for investors to acquire quality stocks at a discount.There are three name ...
Watch This! Netflix Stock Is About to Pop.
Investor Place· 2024-07-29 10:05
Even though Netflix (NASDAQ:NFLX) is the heavyweight champion of streaming in the U.S., the company still has to prove itself from time to time. Netflix showed its popularity, but the market was unimpressed. After reviewing all the relevant facts, you’ll see that Netflix stock should be higher.Just remember, sometimes the crowds are irrational, and that’s where great opportunities come from. So, grab your popcorn and remote control, folks. The next episode will feature a stunning share-price rally as the ma ...
3 Biotech Stocks to Buy on the Dip: July 2024
Investor Place· 2024-07-29 10:00
Industry Overview - The biotechnology sector remains relevant due to the ongoing human desire to find solutions for diseases and conditions, despite its unpredictability and associated risks [1][2] - The global biotech market was valued at $1.55 trillion last year and is projected to grow at a compound annual growth rate of 13.96% from 2024 to 2030, potentially reaching $3.88 trillion [10] Company Analysis: Jazz Pharmaceuticals (JAZZ) - Jazz Pharmaceuticals has an average earnings per share (EPS) of $4.26 over the past four quarters, falling short of the anticipated $4.68, resulting in a negative earnings surprise of 9.75% [3] - Analysts project EPS could reach $20.72 on sales of $4.35 billion by fiscal 2025, compared to last year's EPS of $18.29 on revenue of $3.83 billion [4] - Current valuation metrics show JAZZ stock trading at 5.56X forward earnings and 1.97X trailing-year sales, down from 6.94X and 2.3X respectively from Q1 2023 to Q1 2024 [13] Company Analysis: Takeda Pharmaceutical (TAK) - Takeda Pharmaceutical's stock has underperformed, losing about 5% year-to-date and approximately 12% over the past 52 weeks, with a five-year return showing a 19% loss [5] - Analysts expect sales to rise 8.7% to $28.85 billion by the end of the year, indicating potential for recovery [6] - The current revenue multiple for TAK stock is 1.58X, slightly down from 1.68X the previous year, suggesting room for valuation improvement [16] Company Analysis: Pacira BioSciences (PCRX) - Pacira BioSciences has an average EPS of 75 cents over the past four quarters, narrowly missing the consensus estimate of 76 cents, leading to a negative earnings surprise of 1% [7] - Analysts forecast EPS could reach $3.64 on revenue of $760.61 million by fiscal 2025, up from last year's EPS of $2.81 on sales of $674.98 million [8] - The current valuation shows PCRX stock trading at a forward earnings multiple of 7.47X and a sales multiple of 1.57X, down from 10.03X and 2.47X respectively over the prior year [19]
AVGO Outlook: When Should Investors Buy Broadcom Stock?
Investor Place· 2024-07-29 10:00
Broadcom (NASDAQ:AVGO) has been riding high on the artificial intelligence wave that electrified the tech sector. The company’s strong position in networking infrastructure and custom AI chips for hyperscalers like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN) has investors salivating over its growth prospects. Couple that with the $61 billion VMware acquisition to bolster its software and cloud offerings, and it’s no wonder Broadcom stock skyrocketed 62% over the past year.To make the stock ...
AAPL Alert: Why You Should Buy Apple Stock Before August 1
Investor Place· 2024-07-29 10:00
Savvy investors should buy Apple (NASDAQ:AAPL) stock ahead of the company’s second-quarter financial results scheduled for August 1.Apple stock has staged a big rally since the company unveiled its artificial intelligence (AI) strategy in June. Since bottoming in mid-April, the company’s share price has risen 30%. It’s been a remarkable recovery after AAPL stock declined sharply during the year’s first quarter on concerns about slumping iPhone sales and declining profit margins. And now, indications point t ...
3 Cheap AI Stocks That Could Triple Your Money by 2030
Investor Place· 2024-07-28 18:00
Artificial intelligence (AI) continues to be the major talking point on Wall Street in 2024. This makes the case for the best cheap AI stocks to buy. There are several companies that have skyrocketed this year due to their innovation and earrings growth driven by the sector. The future growth potential is undeniable, but many stocks have gotten way too ahead of themselves. For instance, stocks including Nvidia (NASDAQ:NVDA) have already more than doubled in price. This might leave newer investors with very ...
7 Smart Stocks to Buy BEFORE They Report Q2 Earnings
Investor Place· 2024-07-28 17:00
We’re into the second week of the earnings season, and some of the top banking companies and other big guns have reported results. The start of the season looks good, and every investor hopes to see the same momentum as their favorite companies report. The earnings season also sees a lot of volatility in the market due to the reaction to the results, and if you want to make the most of this volatility, you want to find stocks to buy before earnings reports are filed.I believe these some of the biggest and m ...
3 Overvalued Stocks to Buy After They Crash
Investor Place· 2024-07-28 16:00
The stock market correction seems well underway, with the S&P 500 now down close to 5% from its peak. For tech-heavy investors, the market rumbles may have felt far worse, with the Nasdaq 100 off just shy of 9%. Indeed, a market correction was bound to happen at some point. And though this may or may not be “the big one,” it’s never too early to start thinking about the types of names you’d like to buy as prices begin to get marked down at a rapid pace. After a horrid Wednesday and Thursday of trade, much o ...
Stock Split Alert: 3 Stocks Poised to Amplify Shareholder Value
Investor Place· 2024-07-28 13:00
Wall Street rarely sees two trends like artificial intelligence (AI) and stock-split euphoria competing for attention. AI drove record highs for major indices in 2024, while stock splits, though cosmetic, also fueled market excitement for certain names.Stock splits come in forward or reverse types, with forward splits being more popular among investors. Forward splits lower share prices to attract investors, while reverse splits raise prices to meet exchange standards. In 2024, high-profile companies, such ...