Tech stocks have suffered a brutal sell-off due to the aggressive interest rate hikes since the beginning of the year. However, the tech industry is expected to grow significantly in the long run, owing to the continued digital transformation. Therefore, investors interested in investing in tech may look to buy fundamentally strong stocks Cisco Systems … Read more
The Fed’s determination to keep raising interest rates to bring inflation under control is increasing the odds of a recession. Although the stock market is expected to remain under pressure, Wall Street analysts expect a reasonable upside in McKesson Corporation (MCK), AmerisourceBergen Corporation (ABC), and TravelCenters of America (TA) in the upcoming months, given their … Read more
Financial services providers usually benefit from a interest rate environment due to the positive correlation of their revenues with rising interest rates. However, financial services stocks SoFi Technologies (SOFI), Marathon Digital (MARA), and BitNile (NILE) are not well-positioned to capitalize on the current rate environment. One should avoid these stocks because of their exposure to … Read more
The Fed’s hawkish rate hikes and growing recession fears have caused a massive sell-off in the tech sector this year. However, the industry is expected to witness solid long-term growth with increasing global tech spending. Hence, fundamentally sound tech stocks Oracle Corporation (ORCL), Adobe (ADBE), and Rimini Street (RMNI) might be ideal buys in the … Read more
Leading beverage company Coca-Cola (KO) has been surviving the current macro environment well due to the non-cyclical nature of its business. Moreover, this Buffett holding pays a high dividend and has a record of more than 55 consecutive years of dividend growth. Thus, adding this Buffett holding to your portfolio could be wise. Read on…. … Read more
Semiconductor companies, such as NVIDIA Corporation (NVDA), are struggling amid the market downturn, export restrictions, and slowing demand. However, the broader technology market is expected to endure short-term uncertainties and keep growing due to continued digitization. Hence, we think quality technology stocks Cisco (CSCO) and Hackett Group (HCKT) are better investments than NVDA. Keep reading…. … Read more
The solar industry has been growing amid the increasing focus on clean energy. However, the sector is crippled by supply chain and trade issues. Given the near-term challenges, we think it could be wise to steer clear of fundamentally bleak solar stocks First Solar (FSLR), Sunrun (RUN), and Beam Global (BEEM) now. Keep reading…. shutterstock.com … Read more
Despite shock demand hitting the chip industry amid growing recession fears, continued digitalization and easing of supply shortage should drive the industry’s long-term growth. Therefore, fundamentally sound chip stocks FormFactor (FORM), Photronics (PLAB), and Everspin Technologies (MRAM) could be ideal investments at their discounted valuations. However, it could be wise to avoid Marvell Technology (MRVL), … Read more
Leading online-fashion marketplace operator Poshmark (POSH), which grew significantly during the pandemic, is incurring huge losses lately, and its growth has slowed down over the past few quarters. The company recently announced that it would be acquired by the Korean e-commerce company Naver. Is it wise to buy this stock following the buyout news? Read … Read more
Leading Oil & Gas company Energy Transfer (ET) delivered a strong performance in its last reported quarter and increased its fiscal 2022 full-year guidance. Moreover, continued energy demand, new strategic partnerships, and acquisitions are expected to boost the company’s prospects. Considering ET’s high dividend yield, this stock is getting much investor attention amid this turbulent … Read more