Broadcom Stock to be Hurt by Apple’s Departure?
Apple has a history of severing ties with chipmakers. For example, in 2020, it replaced Intel processors in MacBook Air computers and other items with its own M1 chips. Broadcom could be the next to go. Apple [AAPL] is rumored to be dropping California-based chipmaker Broadcom [AVGO] by 2025 in order to produce more of…
Bull Market to Emerge According to this Technical Indicator, Other Still Doubtful
According to data released by its creator, a technical indicator that has previously predicted turning moments in the US stock market has arrived for the first time in nearly three years. However, some on Wall Street believe it is no longer as reliable as it once was. The technical indicator, known simply as the breadth-thrust…
A Potential Supply Shock for Lithium Might Surprise This Year
Supply Issues Used to Hound the Markets Rampant lithium demand has caught many forecasters by surprise, with booming global EV sales causing consumption to double over the past two years. With suppliers unable to keep pace, a blistering price rally sent the total spot value of lithium consumption rocketing to about $35 billion in 2022,…
Is Alibaba Finally Out of the Caves?
Since its listing on the New York Stock Exchange in 2014, Alibaba, also known as BABA, has undergone a wild journey with its stock performance. The company has faced both peaks and valleys, much like the tale of the fabled Ali Baba himself. And like the mythical character, Alibaba seems to have finally escaped the…
CrowdStrike: A Screaming Buy for 2023 Despite 2022 Bear Market Slump
CrowdStrike, a cybersecurity firm, was caught up in a broad slump that afflicted markets worldwide (NASDAQ: CRWD). Its stock finished 2022 down 49%. It was particularly badly hit in the sell-off, as were many of the corporations that had outsized stock price appreciation during the previous bull run. The Nasdaq composite, which is heavily weighted…
Five of the Most Overpriced Stocks Now
Stocks may still be in the grip of a bear market, but there are still overpriced names to avoid. As of January 9, 2023, 15%, or 130, of the 847 U.S.-listed equities monitored by Morningstar analysts were deemed overpriced, with a Morningstar Rating of 1 or 2 stars. A year ago, around 30% of equities,…
Overpriced But Dependable, is Pricing for Mastercard Justified?
Mastercard (NYSE: MA) is a high-quality company with a high multiple in the market. Given the current market situation, this multiple does not appear to be justified by its growth prospects. The market is not pricing in some risks to the company’s strong moat. We feel that investors should remain neutral on this name until…
Take Shelter in These Dividend-Paying Stocks, and Wait Out the Storm
The stock market has been on a furious rally to start 2023, but the future still is shrouded with doubt, with a growing number of analysts expecting a recession sometime this year. And the strong start for equities this year has made some stocks overvalued, or overbought, and is causing some investors to hold back,…
With Covid Uncertainty Looming, is Pfizer a Buy for 2023?
Covid is Still a Global Problem The price of Pfizer stock is declining in the opening days of January as analysts prepare for the anticipated failure of the Covid vaccination and antiviral medication this year. After a Bank of America Securities analyst downgraded Pfizer shares on January 4, shares fell (PFE). In contrast to analysts…
ChatGPT AI Has a Surprising Outlook for Stocks in 2023
Open source AI In November, OpenAI released ChatGPT, an intelligent language-generating model that could provide remarkable depth and coherence to most inquiries. ChatGPT is a fantastic resource and tool if you ask the correct questions about it. And people took notice quickly; in just five days, it had more than 1 million members, and today,…
