Articles for category: Most Popular

2023 Cannabis Policy: A Definitive Year In Review 2023 Cannabis Policy: A Definitive Year In Review

More States Enact Adult-Use Marijuana Legalization Laws Delaware, Minnesota, and Ohio enacted laws in 2023 legalizing adult-use marijuana possession and providing timelines for regulating retail cannabis markets. In addition, Maryland lawmakers passed legislation in May regulating adult-use marijuana sales. Those sales began on July 1st. In January, lawmakers in the US Virgin Islands also approved an adult-use legalization law, though its provisions ...

Uncovering Potential 2024 Outperformers in the AI Stocks Universe Uncovering Potential 2024 Outperformers in the AI Stocks Universe

Following a year of outperformance in the Magnificent 7, most analysts expect new names to lead the way in 2024. Deepwater Asset Management’s Gene Munster agrees with the consensus and has identified two underappreciated AI beneficiaries that could charge higher this year. Understanding the Market: The Magnificent 7 mega-cap tech stocks led markets higher last ...

Positive Market Breadth Signals with Caution Ahead Positive Market Breadth Signals with Caution Ahead

Bullish market signal – Breadth Thrusts Short-term market indexes are overbought and at resistance Most economists expected a recession in 2023. It didn’t happen The economy is still a risk factor in 2024. A recession, if it occurs, would push stocks much lower. No market indicator is infallible. Therefore, I utilize a weight-of-the-evidence approach to ...

Goldman Sachs Adds Parker Hannifin Corp. and Textron Inc. to Conviction List Directors’ Cut

Dilok Klaisataporn Goldman Sachs recently made waves by unveiling its Conviction List Directors’ Cut report for January 2024. Notably, Parker Hannifin Corp. (NYSE: PH) and Textron Inc. (TXT) were welcomed into the illustrious list. Investment strategist Joe Ritchie made known his optimism regarding Parker Hannifin Corp.’s outlook. He cited the company’s substantial involvement in mega-projects, ...

Investing Preview 2024: The Future of “Magnificent Seven” Stocks Investing Preview 2024: The Future of “Magnificent Seven” Stocks

As an investor, your 2023 was likely a success if you had exposure to the “Magnificent Seven” stocks. This group of mega-cap tech stocks, including Nvidia, Amazon, Tesla, Apple, Microsoft, Meta Platforms, and Alphabet, showed outstanding performance, outpacing the Nasdaq Composite’s 45% surge last year. However, the success of 2023 doesn’t guarantee a repeat performance ...

Small-Cap Stock Brainsway Ltd.: An Analyst Perspective Small-Cap Stock Brainsway Ltd.: An Analyst Perspective

Have you heard about the incredible journey of Brainsway Ltd. (BWAY)? This under $10 stock surged by over 162% in 2023, and analysts are forecasting significant upside potential for the year 2024. The question on investors’ minds: should they seize the opportunity now for potentially outsized returns ahead? Let’s delve into the details. A Deeper ...

Why Investors Believe in Nvidia and AMD in 2024 Why Investors Believe in Nvidia and AMD in 2024

As 2023 comes to a close, semiconductor stocks have emerged as the darlings of the market, outperforming the broader S&P 500 index by a significant margin. The PHLX Semiconductor Sector index surged 66% compared to the S&P 500’s 24% gain. Driving this impressive growth were the soaring demand for artificial intelligence (AI) chips, catapulting industry ...