Solar stocks started surging on July 28 after Senator Joe Manchin put his support behind a U.S. climate bill after previously rejecting it. The news helped power up the stocks of solar companies, with the Invesco Solar ETF (NYSEARCA:TAN) jumping by more than six percent. If the climate bill gets passed, it should trigger bullish tailwinds for the solar industry,…
Unless you’ve been living under a rock, it’s likely you’ve seen all the monkeypox headlines in the stock market recently. Health authorities worldwide are actively looking for a way effective ways to stop the monkeypox outbreak. With that, investors have turned their attention to monkeypox stocks. The World Health Organization (WHO) reported that Monkeypox is a rare viral disease comparable to…
Home buyers have been struggling over the past year and change due to a number of factors, including sky-high home prices and a glaring lack of real estate inventory. Unfortunately, the first issue continues to be a problem in today’s housing market, as the National Association of Realtors (NAR) reports June’s median home sale price as $416,000 — a new…
The iShares Micro Cap ETF (NYSEARCA:IWC) has declined by 19% year-to-date. However, several penny stocks have witnessed a correction of more than 50% in the last two quarters. Every correction provides investors with a medium to long-term entry opportunity. There are penny stocks trading at a discount that are worth considering at current levels. Investors need to tone down their…
Chris sits down with Charlotte Mcleod from the Investing News Network to discuss the upcoming big move in gold and the stock market in general. Long story short, looking at the quarterly chart, gold has been in a very strong rally since 2019. Though trading in an overall sideways pattern, the bearish stock market may keep pressure on gold and…
With inflation at a 40-year high, it is not surprising that investors in the stock market may be rotating into more defensive sectors. In detail, they may be searching for companies that have the ability to pass on higher costs to consumers. With that, food stocks could be in focus right now as consumers will always need to eat. As…
Various macroeconomic and geopolitical concerns have roiled the stock market so far this year. Investors and analysts have been worried about a recession as the Federal Reserve maintains its aggressive stance to tame the surging inflation. The Federal Reserve meets today to hike the benchmark interest rates for the fourth time this year, and Street expects the central bank to…
Canoo Stock Could Make Gains of 500%+ Electric vehicle (EV) maker Canoo Inc (NASDAQ:GOEV) has finally given its long-suffering shareholders something to cheer about. The company recently announced a deal to provide Walmart Inc (NYSE:WMT) with thousands of delivery vans. “Canoo is now in a position to issue guidance at a time when many others in the industry are reducing targets…
Sometimes no news is good news, or maybe weary investors are actually rewarding tech stocks that have strong fundamentals. That seems to be the case with Nortech Systems Incorporated (NASDAQ:NSYS). The company hasn’t reported any news of consequence since May 10, when it announced outstanding first-quarter results. The report included double-digit revenue growth, a swing to profitability, and positive adjusted…
High Energy Prices Good for Lucid Group Inc The price of gasoline and diesel continuing to hover near record highs could provide a much-needed catalyst for battered electric vehicle (EV) stocks. When reviewing the prospects of EV stocks, the key is analyzing long-term fundamentals and ignoring short-term factors. The reality is that the. That’s why the legacy automakers have been…