STOCKSTOWATCHTODAY BLOG Lucid soared Friday, a move that is being attributed to unconfirmed rumors that the company could be acquired. Lucid (LCID) stock started moving just after noon Friday, and had nearly doubled, to $17.
While 2022 was a year for stock price corrections across the electric vehicle (EV) sector, 2023 looks to be a transition year for the businesses themselves. Europe and China are leading the way, with fully electric vehicles accounting for 11% and 19% of all new vehicles sold, respectively. With stock prices down and sales continuing to pick up, investors should look at investing in a diverse mix of EV makers in 2023.
Energy inflation remains a serious concern. Protect your portfolio.
It was cheaper to fuel a gas-powered car for 100 miles than it was to charge a comparable electric vehicle in late 2022, according to Anderson Economic Group.
Apple earnings and the Fed meeting loom, but don't sit out a possible "life-changing" market rally. Tesla rival BYD is an aggressive buy.
In 2022, investors grappled with the deepest bear market since the global financial crisis in 2008, and the technology sector took the brunt of the pessimism. Cathie Wood's Ark Invest is focused on the technology sector, so it experienced a steep decline in the value of its exchange-traded funds (ETFs). Its flagship Ark Innovation ETF fell a whopping 66% for 2022.
This industry-leading company has been caught up in the bear market carnage, but it's setting the stage for a massive rebound.
Costco has a very simple business model. It sells memberships in exchange for offering members a low-cost, no-frills shopping experience. People pay in order to access the chain's warehouses. Those membership fees provide a significant portion of the chain's profits, allowing Costco to sell its limited selection of merchandise at a lower markup than its rivals.
How is social security taxed in 2023? Here are the rules used to calculate how much you might owe on your benefits.
The stock market would likely move higher if inflation cools off, but these two stocks could be big winners.
Chip giant Intel (NASDAQ: INTC) is struggling as demand for PC and server chips tumbles. The company saw total revenue crash 32% year over year in the fourth quarter of 2022, and it expects a worse decline in the first quarter of 2023. Intel has already announced a broad cost-cutting initiative to help the company cope with lower demand this year.
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One of the hot rumors swirling around the stock market on Friday concerned a top U.S. electric vehicle (EV) stock, so many titles in the sector saw big lifts on the day. Nio (NYSE: NIO) and fellow Chinese next-generation car maker Xpeng (NYSE: XPEV) both closed more than 4% higher against the S&P 500 index's 0.3% bump. Shares of American EV company Rivian (NASDAQ: RIVN), meanwhile, booked an over 8% gain.
There's no way around it. You just have to get through it.
Wall Street will be buzzing in the week ahead, as earnings from Big Tech, the Federal Reserve’s first meeting of the year, and the monthly jobs report for January set up the busiest week of the new year.
Supply and demand will probably come into balance over the next 18 months, says Matt Portillo, an analyst at Tudor Pickering Holt. And, how value investor David Einhorn got his mojo back.
'Because of the 2.5% rate, none of us are interested in selling the house and getting our rates jacked up to 7%.'
Consistently investing in quality stocks is one of the best ways to build wealth for retirement, and one of the simplest ways to make sure you are investing in a company built to last is to look at its ability to pay dividends. If your portfolio needs some extra yield, three Motley Fool contributors selected three top dividend stocks that you can't go wrong with in this environment. Jeremy Bowman (Altria Group): If you're looking for a high-yield consumer-facing dividend stock, it's hard to find a more reliable choice than Altria, the domestic maker of Marlboro cigarettes.
The Nasdaq Composite has surged over 11% so far this month as growth stocks retake center stage. Shopify (NYSE: SHOP), the Vanguard Growth ETF (NYSEMKT: VUG), Nio (NYSE: NIO), Beam Therapeutics (NASDAQ: BEAM), and Roku (NASDAQ: ROKU) have that kind of potential. Here's what makes each company a great buy now, according to five Motley Fool contributors.