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…
When I work with clients who are still in their working years, I encourage them to continue investing through thick and thin, in every market cycle. That’s a pretty easy process for those who can schedule automatic paycheck withdrawals into an employer-sponsored account, such as a 401(k). That’s known as dollar-cost averaging. It’s a straightforward investment strategy whereby an account…
Even the most experienced investors have only so many hours in the day to perform their due diligence. That’s where analyst ratings can be helpful. Analyst upgrades and downgrades frequently move stocks. Can analysts get it wrong? Of course they can. That’s why analyst upgrades shouldn’t be the only consideration for investors. But in many cases, they can point investors…
ChatGPT has made headlines as a viral new technology. The chatbot using artificial intelligence (AI) can not only answer user questions with conversational replies, but it’s also the fastest-growing app in history. Since launching in late 2022, ChatGPT has grown to 1.6 billion visitors in just months. Microsoft has invested in OpenAI, the company behind ChatGPT, and integrated its technology into…
I like companies that generate large amounts of free cashflow. I get excited when shares of a high cashflow look very cheap in relation to the cash being produced by the business. In short, I like companies that make a lot of money. If you’re like me, consider refining stocks. Let me show you one of my favorite ones… This…
Chris sits down with Charlotte McLeod of Investing News Network, who kickstarts the session with a high-level look at gold. To talk about where the markets were and where they may be going next. Through the lens of technical analysis, Chris & Craig discuss the answers to the following questions… See what they are here. This post appeared first on…
FAANG is an acronym representing five of the most prominent and influential tech companies in the United States: Facebook, Apple, Amazon, Netflix, and Alphabet. Investing in FAANG stocks essentially means investing in the leading tech giants, each with a unique business model. Facebook and Google dominate digital advertising, Apple has a stronghold on tech hardware and software, Amazon is a…
While the benchmark S&P 500 index may be up for the year, investors should consider acquiring the below top-rated stocks to buy. One key reason is that momentum appears to be fading. For example, in the trailing one-month period, the index only gained slightly over 0.2%. Second, the distinct period following the Covid-19 pandemic where anything and everything seemingly shot higher is…
Companies that make semiconductors or the machines used to create them are part of the semiconductor sector. People who invest in semiconductor stocks hope that these companies will make money as technology continues to advance and the demand for electronic products grows. Semiconductor stocks can be a great option for people who want to invest in the technology industry since…
Growth stocks tend to be riskier than other stocks. As the saying goes, “You won’t grow without taking risks.” The wise long-term investor needs to understand this and also needs to have a firm understanding of warning signs to watch for that a risk is too great. While there are thousands of things that could potentially go wrong with a…