With volatility persisting in the stock market, investors may be thinking of rotating into lower-risk utility stocks. In fact, with all that has been going on this year, utilities have been one of the few corners of the stock market that has shown resilience. For the uninitiated, the industry includes companies that provide us with electricity, gas, and water. These…
On paper, Wallbox NV (NYSE:WBX) has been one of the best-performing electric vehicle (EV) brick-and-mortar companies. The Spanish-headquartered company continues to report excellent sales and financial results, including record revenue growth in the first quarter of 2022. Despite the raft of good news and strong guidance, Wallbox stock has been, for the most part, trending lower since peaking in November…
Both strides and setbacks have punctuated the quest for federal legalization of cannabis in the U.S. So far, 38 states have legalized marijuana for medical use. The recreational use of marijuana is legal in 19 states plus the District of Columbia and Guam, and the U.S. House of Representatives in April passed legislation to legalize marijuana at the federal level for the…
It is that time of the year again when U.S. banks are subjected to their annual stress test exercise. A bank stress test is essentially a simulation conducted to analyze how banks would react to adverse market conditions. For instance, a recession or a financial market crash. Fortunately, all the U.S. banks cleared their annual stress test last week. Following…
The cost of raw materials for electric vehicles (EVs) has risen, given the sanctions placed on Russian metals and the continued supply chain disruptions worldwide. The cost and supply issues have had a negative impact on EV companies, as far as production and margins go. EV stocks have declined, but I view the lower prices as an opportunity, considering that…
Evofem Biosciences (NASDAQ:EVFM) shocked investors yesterday after the overturning of Roe vs. Wade thrust contraceptives into the national spotlight. This new focus on its contraceptive products has sent the little known biotech company’s stock skyrocketing more than 160% in only one day. EVFM stock has been incredibly turbulent, rising 10% this morning before dipping again. As of this writing, it…
For investors looking for the most active stocks today, health care stocks are worth considering. For one thing, health care companies are constantly innovating to combat new diseases and outbreaks. With the monkeypox outbreak in the United States, individuals may fear another pandemic. At the same time, parts of the world are still dealing with the Covid-19 pandemic. With all…
Fight or flight is a natural survival mechanism. But history tells us that holding through periods of volatility is the best way to compound wealth over time. It’s tempting to fight a bear market by shifting your investment strategy toward whatever is working in the moment, or to sell everything and clear your head. Here’s why defying instincts is one…
The definition varies with countries but in the U.S., a penny stock is one which is trading under $5 and is often referred to as a micro-cap. A micro-cap is a company whose market capitalization is between $50 million and $300 million. These stocks trade mostly over the counter, rather than on main U.S. exchanges. But there are exceptions. You…
You’ve probably heard of stock market sectors, but do you know what they are? Stock sectors are split into categories that consist of companies that operate in different areas of business. There are 11 stock market sectors that make up the entire stock market, according to the Global Industry Classification Standard. The performance of these sectors varies depending on the nature of…