These growth stocks may have taken small steps back, but they may soon recognize large leaps forward.Rocketing nearly 18% higher since the start of the year, the S&P 500 has maintained the same trajectory it experienced through 2023.But not every stock has experienced the same upward momentum. In fact, two growth stocks, electric vehicle (EV) maker Rivian (RIVN -4.49%) and electric aircraft developer Archer Aviation (ACHR -5.57%), have declined precipitously in 2024, falling 40% and 38%, respectively. Let's ...

Archer Aviation has hit some key milestones with its Midnight aircraft. Is now the time to buy?Imagine a world where you can jump into a flying taxi and avoid the traffic gridlock below to reach your destination. Although this idea sounds like something out of science fiction, electric vertical takeoff and landing aircraft (eVTOL), also known as flying taxis, could be coming to a city near you.Flying taxis could change urban transportation as we know it, and Archer Aviation (ACHR 3.80%) is one company looki ...

The prospect of air taxis seemed like science fiction a decade ago. Now, they are evolving closer to being a regulated reality with the development of electric vertical take-off and landing (eVTOL) aircraft. Archer Aviation Inc. NYSE: ACHR is a leader in developing and commercializing eVTOLs. The stock took an 8% hit on its latest (lack of) earnings report, but shares are already starting to recover.Archer Aviation operates in the aerospace sector, competing with eVTOL makers like Joby Aviation Inc. NYSE: J ...

Core Viewpoint - The article suggests that while "meme mania" may not return soon, there are opportunities to buy certain stocks that have experienced meme-like rallies but are not traditional meme stocks, focusing on company-specific catalysts for potential rebounds [1]. Group 1: Investment Opportunities - Stocks that have strong rebound potential are highlighted, particularly those with company-specific catalysts rather than relying on a new "meme wave" [1]. - Pre-revenue meme stocks could see significant price increases with announcements of major commercialization progress [1]. - Established stocks with meme-like qualities may benefit from better-than-expected fiscal results and guidance [1]. Group 2: Specific Stock Analysis - **Archer Aviation (ACHR)**: An early-stage company in the electric vertical take-off and landing sector, has made significant progress towards commercialization despite not generating material revenue yet. The stock has pulled back sharply, but hitting small milestones could drive significant price increases [3]. - **Celsius Holdings (CELH)**: A beverage company that has seen revenue grow from $75.1 million in 2019 to nearly $1.5 billion recently. After a price drop from nearly $100 to below $40 per share, it is now considered reasonably priced with potential for continued growth due to overseas expansion [5][6]. - **Nvidia (NVDA)**: While primarily a "Mag 7" stock, its popularity among retail traders makes it noteworthy. Concerns about a slowdown in the AI boom have led to a pullback, but upcoming fiscal results could change sentiment significantly [7][8]. - **Paramount Global (PARA)**: Although not a traditional meme stock, it could gain popularity if it successfully transitions to a streaming-focused business model. A pending merger with Skydance may be crucial for this transformation [9][10]. - **Super Micro Computer (SMCI)**: This stock surged during the AI boom but has since dropped significantly. It now trades at 16.6 times earnings, and expectations have been lowered, which may allow for positive surprises in future results [11][12]. - **SoFi Technologies (SOFI)**: This fintech company has struggled recently but is now scaled to profitability. Analysts forecast a fourfold increase in earnings next year, suggesting potential for significant upside [14][15]. - **SoundHound AI (SOUN)**: Recent acquisition news has led to a more favorable outlook for this AI audio company. The acquisition of Amelia for $80 million is expected to be accretive to earnings, with analysts raising their price target from $5 to $7 per share [16][17].

The price trend for Archer Aviation Inc. (ACHR) has been bearish lately and the stock has lost 8.2% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor t ...

Air mobility specialist Archer Aviation (NYSE:ACHR) — which specializes in developing electric vertical takeoff and landing (eVTOL) aircraft — saw its shares dip on Monday amid a slow day on Wall Street. Still, the fundamentals appear positive as Archer has ironed out a major deal with automotive giant Stellantis (NYSE:STLA). With exciting projects in the pipeline, investors are keeping close tabs on ACHR stock.Primarily, Archer is set to receive new funding from Stellantis, which includes up to approximate ...

The biggest headwind to massive wealth creation from equities is not lack of good businesses. It’s lack of patience to hold after a good idea has been discovered. Legendary investors have not created wealth overnight.While trading and speculation can deliver healthy returns in quick time, millionaires are made by buying and holding quality ideas. The focus of this column is on growth stocks under $20 that can deliver multi-bagger returns by the end of the decade.Besides looking at stocks under $20, I have f ...

Electric vertical takeoff and landing (eVTOL) aircraft certainly present an intriguing opportunity for growth investors. The potential for these air taxis to completely transform urban mobility makes the various flying car stocks I’m going to discuss in this article worth considering.There are a number of keys to the success of the eVTOL sector over the long term. Companies need to have plans in place to promote battery management and power connectivity. There has been $12.8 billion invested over 12 years a ...

The flying car industry is ready to transform personal and urban mobility. This forms the backdrop of my list of flying car stocks to buy, that I think could make your summer unforgettable.The technological advancements in electric vertical takeoff and landing aircraft (eVTOL) are opening new opportunities for efficient and convenient transportation. The industry strives to offer environmentally-friendly alternatives to conventional ground-based transportation. I think that we’ve only started to see the pot ...

Los Angeles is known for many things, including heavy traffic. But one company is taking steps to address this long-standing problem with its flying car futuristic technology. Archer Aviation (NYSE:ACHR) has announced a plan to bring its air mobility network to Southern California. This will mean that electric vertical take-off and landing (eVTOL) air taxi rides will be available for LA-based customers within the next two years. This news hasn’t boosted ACHR stock yet but if Archer is able to safely set up ...