With businesses and individuals increasingly embracing innovative solutions, the technology sector is thriving and creating new opportunities for companies in this space. Given the rapid digitization and the breakthrough of cutting-edge technologies, the demand for tech-related products and solutions remains robust. Inside, I have highlighted three reasons why these fundamentally sound tech stocks could be great buys now. This post…
I do an annual Lessons Learned edition in December. This is an important habit because if we do not learn from the mistakes of the past…we are doomed to repeat them! However, there are some important lessons that I want to share now while they are still fresh in my mind. Namely about when to switch from bearish to bullish…
Following an exceptional performance last year, the energy sector is expected to maintain its growth momentum in 2023. The strength in demand, primarily driven by Asian countries, and weakness in supplies as Saudi announced more production cuts in addition to previously announced OPEC+ cuts could considerably lift oil and gas prices this year. Therefore, investors are buying these fundamentally sound…
Despite facing several macroeconomic headwinds over the past year, the technology industry is well-positioned for significant long-term growth, driven by rapid digital transformation across several industries and growing tech spending worldwide. As the industry’s prospects shine bright, these three fundamentally strong tech stocks could be wise additions to your portfolio. These stocks are well-positioned to leverage the industry’s growth potential…
While the tech industry is under pressure due to the macroeconomic challenges, its long-term prospects look bright. According to the most recent Gartner, Inc. prediction, global IT spending would hit $4.6 trillion in 2023, a 5.5% rise from 2022. Investors’ interest in tech stocks is evident from the Technology Select Sector SPDR ETF’s (XLK) 12.7% returns over the past three months and…
Due to the conflict between Ukraine and Russia, energy prices soared last year. Energy prices are again rising this year. The energy sector will likely benefit from production cuts and surging demand. Therefore, it could be wise to buy fundamentally sound energy stocks. Below I have discussed several reasons why buying these stocks could be a step in the right…
Amid the current uncertain macroeconomic environment and lingering recessionary fear, insider trading activity can be a valuable indicator for investors decisions. In this article, I have evaluated two stocks that have recently seen insider buying activity. This post originally appeared at StockNews.com.
While I think the bulls have made major strides in the first quarter, I think it’s too early to say we’re completely out of the woods. So I thought this would be the perfect time to look back at the Q1 of 2023 and review the factors that influence the S&P 500 and what we can learn from this to…
Let’s start with a helpful analogy that will frame our discussion today. And that is to appreciate that the stock market is quite similar to a helium balloon. Meaning that its natural state is to float higher unless it is being held down by a stronger, negative force that pushes it lower. Now if we pull back to the big…
Despite macroeconomic challenges, the biotech industry performed relatively well due to inelastic demand for its products and services. Moreover, government initiatives, technological developments, and the biotech ingredients market, which assists businesses in making correct and up-to-date decisions, are all fueling the biotech industry’s expansion. Given the solid prospects of the industry, these four fundamentally sound biotech stocks could be excellent…