Down massively from their highs, these underappreciated stocks look like great buys. Macroeconomic challenges have reshaped the way the market is thinking about growth stocks. Despite what recent performance might suggest, some stocks that are down more than 80% from their highs are actually backed by promising companies with serious rebound potential. Putting your investment…
At this year’s CES, Amazon (AMZN) is announcing efforts to build out Alexa’s capabilities, a move that comes just a few months after slashing the division’s workforce. To start, Alexa will launch a number of EV charging features. For instance, consumers will now be able to use Alexa to find the nearest EV charging stations…
Is Bitcoin or gold the better investment? Opinions vary widely, with billionaire crypto fan Mark Cuban favoring Bitcoin—and slamming gold—and Euro Pacific Capital CEO Peter Schiff going the other way. Nassim Nicholas Taleb has some thoughts, too. This week the author of the 2010 New York Times bestseller The Black Swan—among the few who foresaw…
US equities face much sharper declines than many pessimists expect with the specter of recession likely to compound their biggest annual slump since the global financial crisis, according to Morgan Stanley strategists. Michael Wilson — long one of the most vocal bears on US stocks — said while investors are generally pessimistic about the outlook…
IMF’s Georgieva expects one-third of the world economy to be in recession this year. That could bolster gold. Gold recently climbed to its highest prices in nearly seven months, feeding expectations that the precious metal is on track to notch record highs this year, after closing out 2022 with a modest loss. Gold “noticeably” appreciated…
Inflation burned consumers in 2022. Prices rose faster than wages, on average, eroding the typical shopper’s purchasing power. Some things got so expensive buyers simply gave up. Consumers ought to get some revenge in 2023. Overall inflation has been slowing, from a peak of 9% in June to 7.1% in November. In coming months, there…
The S&P 500 closed Friday at 3,839.50, down 19.4% for the year. This makes 2022 the worst year for the S&P since 2008 and the fourth-worst year since the index’s launch 1957. While it may be the case that the stock market usually goes up, 2022 was a reminder it doesn’t always go up. This…
US lawmakers ratcheted up pressure on Chinese companies whose shares list on American stock exchanges to be more transparent with their financial audits. Congress on Friday passed legislation to speed up the timeline for kicking companies off the New York Stock Exchange and Nasdaq if Washington regulators can’t fully review their audit work papers. After…
Crypto holders had a rough ride in 2022. At the start of the year, the collective market cap of cryptocurrencies worldwide stood at $2.2 trillion. As the year ends, that figures stands at just below $800 billion. The industry’s euphoric highs of last year descended into a bear market of epic proportions, leaving many of…
For much of the global economy, 2023 is going to be a tough year as the main engines of global growth – the United States, Europe and China – all experience weakening activity, the head of the International Monetary Fund said on Sunday. The new year is going to be “tougher than the year we…