The broad-based selloff in the tech sector has battered several innovative startups. One such name is up-and-coming luxury electric vehicle (EV) company Lucid Group (NASDAQ:LCID). LCID stock has shed 35% of its value over the past three months. Despite its impressive progress and incredible outlook ahead, investor enthusiasm remains at a low ebb. Hence, it’s
Stocks to buy
Exxon Mobil (NYSE:XOM), one of the world’s biggest oil & production companies, has outperformed the market in the past few quarters. XOM stock advanced robustly year-to-date, up 27% to $78.98 per share as of Wednesday’s open. The company has benefitted from supply limitations in the Organization of the Petroleum Exporting Countries (OPEC), triggering an oil rebound.
Headquartered in California, solid-state electric-vehicle (EV) battery maker QuantumScape (NYSE:QS) stock is part of the electrification revolution of the 2020s. To take part in this exciting movement, all you have to do is pick up a few shares of QS stock. Source: Michael Vi / Shutterstock.com Don’t get me wrong — an investment in QuantumScape isn’t for everyone.
After impressive performances in 2019, 2020 and 2021, Advanced Micro Devices (NASDAQ:AMD) stock is in a rut this year. Source: Sundry Photography / Shutterstock.com Despite blow-out results for Q4 and full-year 2021, followed by a big analyst upgrade, AMD stock is down 21% so far in 2022. At this point, shares are off their 2021 all-time
Despite suffering heavily due to the pandemic, the real estate industry was one of the quickest to pick back up. It has gone through a prolonged period of falling and stabilizing and then falling again, but the property prices are expected to start rising soon. Opendoor Technologies (NASDAQ:OPEN) works around the housing market and it
Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) reported very strong fourth-quarter (Q4) and full-year 2021 results on Feb. 1. There is every indication that GOOG stock should have a good year, just like it did last year. Source: turtix / Shutterstock.com But so far, year-to-date (YTD) the stock is actually down 6% at $2,694.69. However, this is much better
Well it had to end sometime. The end of 2021 into 2022 was a brutal period for tech stocks. And it may not be a popular opinion, but many of these stocks needed to have their valuations trimmed. However, as is usually the case with market corrections there is always an overreaction. One of my
Let’s be honest here. Facebook changed its name to Meta (NASDAQ:FB) and is betting everything on metaverse development because it has no other choice. Meta’s social media platforms are dying, especially the core Facebook app (which, for the first time ever, lost users last quarter). Its digital advertising business is disappearing, thanks to privacy law
The performance of Palantir (NYSE:PLTR) stock was unimpressive for most of 2021. After a strong listing in September 2020, the stock gained almost 250% by January 2021. However, PLTR stock subsequently retreated on both macro and micro factors. It’s now down nearly 60% over the past 12 months. But is all hope lost for this
The housing market is on fire — and I believe the single best growth stock to buy for 10X potential gains in the 2020s is a disruptive housing stock. But more on that later. For now, just look at these housing numbers. Existing home sales hit 6.1 million homes sold last year, the highest mark
Social media stocks have taken a beating lately, and they have had a rocky start to 2022. Pinterest (NYSE:PINS) was once a pandemic darling, but the stock has been declining for the past few months. We spent hours on the social media app while in lockdown, but interest soon started to fade. PINS stock made