Stock Market

The stock market has seen a strong rally in 2023, with the Nasdaq Composite up nearly 30% year-to-date. This has led to overvaluation in many growth stocks. It’s important for investors, even long-term ones, to periodically review their portfolios and identify overvalued stocks. Despite corporate America’s efforts to spin the narrative, here are three stocks

July thus far has been a great month for electric vehicle stocks, and Nio (NYSE:NIO) stock is no exception. Already trending higher at the start of the month, NIO stock has kept climbing, making its way back to double-digit prices for the first time in months. Some of the latest rally for the China-based EV

Over the past month, there’s been growing awareness about Quaclomm’s (NASDAQ:QCOM) potential to benefit from the growing integration of artificial intelligence applications. However, has this had an impact on the price of QCOM stock? Not really. Since chatter about this possible catalyst emerged, shares in the mobile chip maker have traded sideways. While up by

Artificial intelligence predicts that Palantir Technologies (NYSE:PLTR) stock will move higher. Plus, a well-known fund manager likes Palantir Technologies’ future prospects. However, you have to make your own financial decisions If you’re a value-focused investor, then you’ll probably want to wait before taking a share position in Palantir Technologies. Headquartered in Colorado, Palantir Technologies is provides

According to delivery data, China-based electric vehicle manufacturer Nio (NYSE:NIO) isn’t firing on all cylinders. Yet, there’s a reason to watch NIO stock, even if you’re not prepared to go all-in on the shares. As a famous automaker opts to “play ball” with China’s government, Nio can now be more competitive and successful. I’ll admit, I’ve

Spurred in part by analysts (like me) “discovering” it, Li Auto (NASDAQ:LI) stock is one of China’s hottest 2023 plays. Since the start of this year, shares in Li are up 75%, five times more than the S&P 500. Investors now pay over six times revenue for a company that has yet to make a

As discussed in my last article on QuantumScape (NYSE:QS) stock, electric vehicle stocks began to rally at the start of July, on the heels of Tesla’s (NASDAQ:TSLA) latest delivery numbers. The TSLA rally has stalled, but interestingly enough, more speculative EV plays keep climbing. QS stock is no exception. Other early-stage EV names, like Lucid

Why would the experts on Wall Street be so bullish on Advanced Micro Devices (NASDAQ:AMD) stock now? Probably, a major consideration is the company’s ambitious development of hardware to support artificial intelligence applications. But before you take a share position in AMD, consider whether you’re getting in at the best possible time. After all, the

It’s certainly not difficult to find folks who are super-bullish on Nvidia (NASDAQ:NVDA) as a purveyor of hardware for artificial intelligence (AI) applications. However, at least one well-known investor is signaling caution on NVDA stock, which appears to be over-hyped and overpriced. As we’ll see, the investor I’m referring to is concerned about Nvidia and about

After a swift rally in SoFi Technologies (NASDAQ:SOFI) stock, a pullback ensued but caution is still advised. Recent developments pertaining to student loan repayments, and the benefits that SoFi Technologies will gain, were already anticipated and factored into the SoFi Technologies share price. So, don’t be surprised if the shares decline to $6 in the coming

Meta Platforms (NASDAQ:META) stock is up 144% so far in 2023, and likely to head higher. The gains in META stock are mostly based on speculation. Revenue for the first quarter was up only 3% from a year ago. Net income was down 24%. Analysts expect earnings to be down 15% for the year. The