EVgo Inc (NASDAQ:EVGO) has been one of the biggest stock market winners in 2022, rising by 25% in the first quarter alone. EVgo stock has been outpacing its peers and the broader stock market. The outlook for EVgo stock is solid, with Wall Street analysts providing an average 12-month share-price target of $14.20 and a high estimate of $22.00. This points…
Coronavirus vaccine stocks may not be the hottest stocks in the stock market today. However, the companies behind them continue to play crucial roles in the fight against Covid-19 now. By and large, this is the case as new variants continue to emerge that are boasting greater infectivity. Despite all of this, coronavirus stocks have mostly cooled off since their…
Investors seeking a balanced combination of portfolio stability, monthly income, and share price appreciation generally turn to dividend stocks. These are shares of large-cap, blue-chip companies in “boring” areas, such as the financial, energy, materials, industrials and consumer staples sectors. With only so much innovation to be done at this point in the corporate life cycle, these companies opt to return…
The Ukraine-Russia war, the Fed’s plans for more aggressive interest rate hikes later this year to combat inflation, and deepening supply chain disruptions continue to dampen investors’ sentiment. According to the New York Fed’s survey in March, consumers could witness inflation hitting 6.6% over the next year. However, April is historically the best month of the year for the S&P 500, making it…
Recent rallies in the major indexes have had a hard time hanging onto their gains lately. ETFs like XOP (S&P Oil & Gas Exploration & Production), XME (S&P Metals & Mining), and XLU (Utilities) have been experiencing capital inflows. At the same time, other ETFs such as DIA (30-Industrials), SPY (500-Large Caps), IWM (2000-Small Caps), IYT (Transports), and QQQ (100-Nasdaq…
The financial technology (fintech) space will continue to have strong tailwinds despite the current negative sentiment. One market that looks promising is the electronic bill presentment and payment (EBPP) segment. The EBPP sector could process as many as 30.7 billion bills by 2027, up from 18.2 billion in 2020. That might even be a conservative forecast. (Source: “Global Electronic Bill…
The metaverse is a sector of the stock market that has been up and coming over the past year. And with more and more companies dipping their toes in the metaverse, you may feel inclined to do as well. For the uninitiated, the metaverse is a virtual world that is immersive and accessible in real-time and allows for social interactions,…
Penny stocks may be notorious for their extreme volatility and high investment risk; however, several penny stock success stories still encourage aggressive growth-oriented investors to make small capital allocations to the speculative investments due to their potential to offer life-changing returns in the shortest times possible – especially if the small companies finally start making sustainable profits. Here is a…
Solar stocks have been heating up in the stock market the past couple of months. Despite a lackluster start to the year, this segment of the market has now been gaining attention. By and large, the Russian invasion of Ukraine has caused disruption to the energy market, causing oil prices to jump. As a result, there is now a renewed…
Ten years ago, Congress and the White House enacted a law to deter insider trading on Capitol Hill and increase public transparency, but controversies over Congressional stock trades persist and the requirement to provide prompt public disclosures is often ignored by lawmakers. The Stop Trading on Congressional Knowledge Act, or STOCK Act, mandates that members of Congress, their immediate family…