Chip stocks were all the rage in 2023 amid artificial intelligence (AI) advancements. While the sector still looks promising, there's one name in particular investors may want to avoid in early 2024. More specifically, Qualcomm Inc (NASDAQ:QCOM) has historically underperformed in January, and seems to be sticking to this trend so far today, last seen down 1.6% at $137.99.Per data from Schaeffer's Senior Quantitative Analyst Rocky White, QCOM averaged a January loss of 3.3% over the past 10 years, and finish ...

Barclays downgraded 'Magnificent Seven' member Apple Inc (NASDAQ:AAPL) to "underweight" from "equal weight," and issued a modest price-target cut to $161 from $160. The analysts pointed towards weak iPhone 15 and other product volumes, and said the tech giant's price-to-earnings (P/E) ratio of 28.7 isn't "sustainable."The bear note has AAPL down 1.4% at $187.87 at last check, though they opened the new year at $187.15. The shares just wrapped up their third annual win in the last four years, and maintain a ...

It's fitting to close the book on 2023 with one last look at the most prolific stock of the year. Semiconductor stalwart NVIDIA Corp (NASDAQ:NVDA) is 0.7% higher to trade at $498.56 at last check, on track to finish the calendar year with a four-day win streak and an over 240% return. How did it all go down?Amongst the tech disruptors labeled the 'Magnificent Seven,' NVDA outpaced them all in 2023, joining the hyper-exclusive club trillion. The Nasdaq-100 (NDX), for all its outperformance, only mustered a 5 ...

The shares of Alibaba Group Holding Inc Ltd (NYSE:BABA), JD.com Inc (NASDAQ:JD), and Futu Holdings Ltd (NASDAQ:FUTU) are all moving higher today, after overseas traders invested heavily in Chinese stocks due to policy expectations and low valuation. This interest in China-based stocks also follows domestic blue-chip stocks saw their best day in five months.Of all three equities, BABA is the underperformer, but was still last seen 1.4% higher at $77.20. The security is above the $77 level for the first time ...

New York Times Inc (NYSE:NYT) stock was last seen up 1.9% at $48.26, after the media giant became one of the first to sue both OpenAI and Microsoft (MSFT), claiming copyright infringement. In a court filing, the Times accused the two companies of using millions of its articles without permission or payment to train substitutive artificial intelligence (AI) technologies, such as ChatGPT.Shares are bouncing back from a pullback from their Dec. 4, two-year high of $48.80, with support stemming from the 40-day ...

This commentary first appeared on Forbes Great Speculations, where Schaeffer's Investment Research is a regular contributor, on Wednesday, Dec. 20.The steel sector has been in focus lately, after President Joe Biden’s re-election campaign adviser Brian Deese raised concerns about Nippon Steel’s acquisition of U.S. Steel (X).Nucor Corporation (NYSE:NUE) stock has been in rally mode since news of the acquisition broke on Monday, today hitting its highest level since February with support from its 20-day movin ...

The company is also expected to post record deliveries for the quaterTesla Inc (NASDAQ:TSLA) is up 2.6% to trade at $263.21 at last check, after Bloomberg reported the electric vehicle (EV) giant is planning to refresh its Model Y from its Shanghai plant, with mass production potentially starting as soon as mid-2024. The company is also expected to post record deliveries this quarter, but will likely fall short of CEO Elon Musk's goal of 2 million.The equity is trading at its highest level since October, wi ...

Subscribers to Schaeffer's Players service more than doubled their money with our recommendation to buy Intuitive Surgical, Inc. (NASDAQ:ISRG) weekly 12/29 315-strike calls. Below, let's unpack how investors achieved this healthy profit in just two weeks.At the time of our recommendation on Dec. 11, Intuitive Surgical stock was launching higher from an intersection of the 20-and 160-day moving averages. Following a large correction from its July peak, the stock had also bottomed just beneath its year-to-dat ...

China-based electric vehicle (EV) manufacturer Nio Inc (NYSE:NIO) is one of the best performing stocks on the New York Stock Exchange (NYSE) today. At last check, NIO is 9.4% higher at $9.21, following the unveiling of its newest four-set ET9 EV, a flagship sedan that is planned to rival the likes of Porsche and Mercedes-Benz with an estimated starting price of $112,000.  Options traders are taking notice of the Tesla (TSLA) competitor's announcement. Already today, 351,000 calls and 57,000 puts have crosse ...

United Parcel Service, Inc. (NYSE:UPS) stock is off by 0.3% to trade at $157.83 this morning, after Daiwa Capital downgraded the stock to "neutral" from "outperform" and kept its price target at $155. Earlier last week, UPS had rallied right into its overhead 160-day moving average. Year to date, United Parcel Service stock is down 9.1%, but has found some separation from its Oct. 27 three-year bottom of $133.68. Options traders have been overwhelmingly bullish toward the equity. At the International Securi ...