Chip stocks experienced a tumultuous start to September, as concerns over U.S. economic growth and a loss of momentum in artificial intelligence favorite Nvidia led to their worst stretch in over four years. The VanEck Semiconductor ETF (SMH) plummeted by 11.7% in the Labor Day-shortened, four-day trading week, marking its most significant decline since March
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As we enter the month of September, investors are keeping a close eye on the stock market, particularly after the rocky start that the major averages have experienced. The global sell-off in August has left many on edge, with concerns about potential turmoil lingering in the air. Wolfe Research has recently updated its Alpha List,
Amidst expectations of interest rate cuts by the Federal Reserve in September, dividend-paying stocks are gaining attention as potential outperformers. This is especially true as the dividend yields from such stocks are poised to become more attractive compared to other income-generating assets like bonds. With a plethora of companies offering dividends, choosing the right stocks
The recent tumble of PDD’s stock price by nearly 30% due to disappointing quarterly results highlights a significant slowdown in China’s consumer market. This decline serves as a stark reminder that the era of double-digit growth in Chinese consumer spending may be coming to an end. While PDD’s revenue and profit showed impressive growth, the
Goldman Sachs analysts have identified CAE as a potential undervalued gem in the stock market. Despite facing challenges in its civil aviation and defense divisions, the stock has been unfairly punished according to analyst Noah Poponak. The company’s undervaluation is primarily attributed to the struggling defense business, leading to a significant discount compared to its
In a market that has seen its fair share of ups and downs, a handful of stocks are showing promising signs as they head into September. These stocks are displaying what investors typically view as a bullish chart pattern, signaling potential growth in the coming weeks. After a slow start to August, the stock market
In a time where interest rates are expected to fall, investors are constantly seeking ways to boost their income. One strategy that has gained popularity is the use of options to generate additional cash flow from a stock portfolio. By selling call options on stocks that are already owned, investors can implement an “overwriting” strategy
The footwear industry has long been dominated by powerhouses like Nike, but recent trends suggest a shift in consumer preferences. According to Stifel Financial, young consumers are increasingly gravitating towards brands like New Balance and Adidas, posing a potential threat to Nike’s market share. While Nike continues to hold the top spot with its popular
Best Buy has raised its fiscal-year profit guidance after outperforming expectations for the most recent quarter. The retailer now expects adjusted earnings per share to be in the range of $6.10 to $6.35, which is an increase from the previous range of $5.75 to $6.20. This positive outlook reflects the company’s confidence in its performance
Nvidia (NVDA) has undeniably been a key player in the AI-driven market rally over the past 18 months, mainly owing to its dominant position in GPUs that are essential for AI computation. As the market now grows more sensitive to the significant capital expenditures required to sustain this growth, investors are eagerly seeking more clarity