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Are Tech Stocks Making a Comeback? 3 Top Picks Leading the Way
MarketBeat· 2024-08-21 12:00
After the brief sell-off in the S&P 500 sparked by the so-called “carry trade” between the U.S. dollar and the Japanese yen, most investors thought that the bullish wave taking over the technology sector was over and done with. As it turns out, these were – and are – some of the stocks that recovered swiftly and now trade near their 52-week highs, but there’s much more than just price action backing the further upside that could be had in these names.Now that most of the earnings announcements for the previ ...
Adobe Systems (ADBE) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2024-08-19 22:50
Adobe Systems (ADBE) closed the most recent trading day at $563.12, moving +1.75% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.97%. Elsewhere, the Dow gained 0.58%, while the tech-heavy Nasdaq added 1.39%.Prior to today's trading, shares of the software maker had gained 0.45% over the past month. This has outpaced the Computer and Technology sector's loss of 5.36% and the S&P 500's loss of 1.85% in that time.Analysts and investors alike will be keepin ...
3 Stocks That Can Help You Get Richer in 2024 and Beyond
The Motley Fool· 2024-08-18 11:17
One has a 5-for-1 stock split coming up.Do you want to get richer in 2024? Of course you do. I've got a few stocks here that you might consider for your portfolio -- but I can't promise that they will surge in 2024. That's because it's impossible to know how a given stock, not to mention the entire stock market, will perform over relatively short periods. Market corrections and crashes can happen any time.Still, the market has always recovered from those -- and gone on to set new highs. Healthy and growing ...
3 No-Brainer Artificial Intelligence (AI) Stocks to Buy Amid the Stock Market Sell-Off
The Motley Fool· 2024-08-17 08:45
These AI leaders are all trading at a great value after a sell-off.Artificial intelligence stocks have been some of the biggest drivers of the bull market since the end of 2022. Unfortunately, they've also been some of the biggest loss-makers amid the recent market sell-off.Not every AI-fueled company will generate lasting wealth for investors. Some stocks may continue lower over the long run. But buying the best of the best companies with sustainable competitive advantages across multiple areas should prod ...
Here's Why Adobe Systems (ADBE) Gained But Lagged the Market Today
ZACKS· 2024-08-13 22:45
In the latest market close, Adobe Systems (ADBE) reached $535.22, with a +0.81% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 1.69% for the day. At the same time, the Dow added 1.04%, and the tech-heavy Nasdaq gained 2.43%.Heading into today, shares of the software maker had lost 6.15% over the past month, outpacing the Computer and Technology sector's loss of 9.75% and lagging the S&P 500's loss of 4.78% in that time.Investors will be eagerly watchin ...
7 Generative AI Stocks That Are Worth Picking Up NOW
Investor Place· 2024-08-13 16:57
Artificial intelligence may very well take over the world. However, like anything in the market, excessive hype can push valuations ahead of the sector. That appears to have been the case recently regarding the tech sector meltdown. Suddenly, the CBOE Volatility Index or VIX screamed higher, indicating fear in the market. But that could present a viable opportunity for generative AI stocks.As Bloomberg mentioned earlier this year, the entire generative AI ecosystem could be worth $1.3 trillion by 2032. Acco ...
The 3 Best Augmented Reality Stocks to Buy in August 2024
Investor Place· 2024-08-10 12:00
As we advance further into the digital age, augmented reality (AR) continues to emerge as a pivotal technology reshaping numerous industries. The AR market is ripe for significant growth. Industry analysts predict a surge in demand for AR applications as both enterprises and consumers recognize its potential to enhance user experiences and operational efficiencies.The AR market was valued at $57.26 billion in 2023 and is projected to grow at a CAGR of 39.8% until 2030. The growth is expected to be driven by ...
ADBE Stock Analysis: Is Adobe Massively Undervalued?
Investor Place· 2024-08-09 11:30
Despite the AI-dominated tech rally over the past year, Adobe (NASDAQ:ADBE) has been a laggard in the industry. The stock is down by more than 11% year-to-date and 3.0% over the past twelve months. The sell-off in Adobe’s stock stems from its high valuation as concerns about its ability to sustain growth remain a huge question mark. Adobe’s fundamentals are solid and the company remains the industry standard for creative professionals. It also shows real profitability from generative AI, something not every ...
5 Dividend Blue-Chip Bargain Buys For This Market Downturn
Seeking Alpha· 2024-08-09 11:00
andresr Today, I want to highlight five kinds of blue-chip investing ideas for this market downturn. High-yield Deep value High growth Ultra SWAN quality Lowest PEG ratio Charlie Bilello The market might not have fallen into a correction, but that doesn't mean there aren't incredible blue-chip bargains available. Charlie Bilello But when the VIX hits the 3rd highest level ever recorded, you likely will regret not buying now. Charlie Bilello VIX of 65 is consistent with 100% or more returns within five yea ...
2 Unstoppable Tech Stocks to Buy Without any Hesitation
The Motley Fool· 2024-08-03 12:53
These software stocks are leaders in their spaces and are leveraging artificial intelligence to stay ahead.The tech sector remains a popular source of investing ideas due to the fast-paced growth often seen by the best companies. Not all tech stocks are winners, but identifying companies with strong financials, consistent results, and bright futures is key for investors looking for long-term, market-beating results.These two software companies offer compelling investment opportunities because of their marke ...