The homebuilders industry and construction stocks have been in the spotlight recently, and the XHB SPDR S&P Homebuilders ETF NYSE: XHB is currently at a pivotal support level. As the ETF hovers near this critical point, investors might be questioning whether the sector can sustain its momentum or if a significant pullback is imminent. Adding … Read more
After taking my family on a nine-day vacation to Honolulu, Hawaii, my plan to relocate there is back in the cards! Since 2014, two years after retiring from my finance job, I’ve been contemplating moving back to Honolulu to spend more time with my parents. However, actually making the move has been much harder than … Read more
Every once in a while, the Federal Reserve has to step aside from its primary function of keeping markets safe and employment running strong – without too much inflation – to ensure banks are doing okay. What’s called the Fed’s “stress test” ended last week, and despite some concerns about the state of consumer credit, … Read more
$13.48 +0.15 (+1.13%) (As of 07/8/2024 ET) 52-Week Range $8.85 ▼ $20.82 Price Target $18.00 Lyft’s NASDAQ: LYFT efforts to improve efficiency while accelerating growth have caused a shift in sentiment that points to a double-digit upside for this stock. The latest results and guidance weren’t a blow-out but still stronger than expected, leading the analyst … Read more
LLY Eli Lilly and Company $918.00 +3.43 (+0.38%) (As of 07/8/2024 ET) 52-Week Range $434.34 ▼ $928.60 Dividend Yield 0.57% P/E Ratio 135.20 Price Target $816.78 Global pharmaceutical giant Eli Lilly & Co. NYSE: LLY has made headlines with its leading GLP-1 weight loss drugs, Mounjaro and Zepbound. Mounjaro is prescribed for Type 2 diabetes but … Read more
$7.14 +0.20 (+2.88%) (As of 07/8/2024 ET) 52-Week Range $2.36 ▼ $11.07 Price Target $8.40 Applied Digital Co. NASDAQ: APLD designs, develops and operates next-generation data centers accommodating artificial intelligence (AI) service providers in the high-performance computing (HPC) industry. The AI boom has been driving the demand for more data centers, which is driving demand for … Read more
Chewy Inc. NYSE: CHWY shares spiked as much as 29% in premarket trading Monday after Keith Gill—known online as “Roaring Kitty”—disclosed a 6.6% passive stake in the online pet food and product retailer. $24.81 -0.17 (-0.68%) (As of 07/8/2024 ET) 52-Week Range $14.69 ▼ $39.46 P/E Ratio 137.83 Price Target $26.50 The US Securities and Exchange … Read more
Gold is a precious metal like silver or copper, although its shiny appearance and valuable physical properties have made it one of the most desirable elements. Used in everything from jewelry to electronics, investors have sought gold to preserve (or increase) wealth for longer than any public company has existed. Gold has a diverse number … Read more
The new market cycle could be the best environment for ‘boring’ stocks to take off. Recently, there has been some interest in the real estate sector, especially after Warren Buffett started buying homebuilding stocks like PulteGroup Inc. NYSE: PHM and D.R. Horton Inc. NYSE: DHI over the last quarter of 2023. This raised the question … Read more
When investors consider the main ways to get their money back from an investment and a reasonable return on that initial investment, the average retail investor thinks of two main approaches. First is the classic ‘buy low and sell high’ approach, which means someone sold stock at a profit and created a taxable event for … Read more