Articles for author: Ron Finklestien

April 21, 2024

Ron Finklestien

Lake Street Initiates Coverage of Cellebrite DI (CLBT) with Buy Recommendation

Fintel reports that on April 19, 2024, Lake Street initiated coverage of Cellebrite DI (NasdaqGS:CLBT) with a Buy recommendation. Analyst Price Forecast Suggests 33.47% Upside As of April 17, 2024, the average one-year price target for Cellebrite DI is 13.97. The forecasts range from a low of 13.13 to a high of $15.75. The average price target represents an increase of 33.47% from its latest reported closing price of 10.47. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Cellebrite DI is 375MM, an increase of 20.49%. The projected annual non-GAAP EPS is

April 21, 2024

Ron Finklestien

What Social Security Could Look Like in 2035

The future of Social Security remains uncertain, forcing people to ask questions like, “Will Social Security run out?” According to the 2022 annual report from the Social Security board of trustees, Social Security’s cash reserves will be fully depleted by 2034 — one year earlier than their 2020 report indicated. Annual taxes are expected to cover only about 78% of the benefits each year after that. Read More: Cutting Expenses in Retirement: 6 Stores To Stop Buying FromCheck Out: 7 Bills You Never Have To Pay When You Retire See what else awaits Social Security in the near future and

April 21, 2024

Ron Finklestien

Will AMD Be a Trillion-Dollar Stock by 2030?

One trillion dollars is a lot of money. In fact, it’s so much money, it can be hard difficult to grasp. If you took $1 trillion worth of $1 bills and stretched them end to end, they would extend just shy of 97 million miles — longer than the distance from the earth to the sun. Nevertheless, there are companies worth this astronomical sum, and undoubtedly, there will be more. Will Advanced Micro Devices (NASDAQ: AMD) be one of them? And can it hit a $1 trillion valuation by 2030? Let’s find out. Image source: Getty Images. How much AMD

April 21, 2024

Ron Finklestien

Weekly Preview: Earnings to Watch This Week 4-21-24 (GOOG, META, MSFT, TSLA)

Stocks might have ended Friday’s trading session somewhat mixed, but with the Nasdaq Composite index suffering its sixth consecutive decline, the market has seemingly decided being in “risk-off” mode is the preferred approach ahead of the first quarter earnings season. With the tech-heavy index enduring its lengthiest slump in over a year, this could also signal that tech is oversold. While concerns linked to geopolitical tensions and persistent inflation hasn’t helped, heading into the Q1 earnings season, the market will be watching whether tech powerhouses like the Magnificent Seven can energize stocks. These mega-cap tech giants consisting of Alphabet (GOOG, GOOGL), Amazon (AMZN), Apple

April 21, 2024

Ron Finklestien

Where Will AMD Stock Be in 5 Years?

So far, the artificial intelligence (AI) boom has boosted hardware providers more than the software companies that buy their products. And with its shares up by an impressive 71% over the last year, Advanced Micro Devices (NASDAQ: AMD) and its shareholders have certainly benefited from this trend. But with an uncomfortably high valuation and stiff competition from rivals like Nvidia, can AMD maintain its market-beating performance? Let’s explore what the chipmaker’s next five years could have in store. AMD’s complicated artificial intelligence outlook Since it acquired ATI Technologies in 2006, AMD has been a direct competitor to Nvidia in the

April 21, 2024

Ron Finklestien

Seeking up to ~16% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy

Are the headwinds piling up? The Middle East war has appeared on the verge of expanding into a larger conflict, and an uptick in US inflation has put a ‘hold’ on expectations for a Fed rate cut this summer. This could be part of the normal cycling of the economy – except that there are some $52 billion worth of outstanding long positions on the S&P 500, and according to Citigroup’s Chris Montagu, 88% of those positions are currently in a loss.  “Should the market turn negative, the move could be faster and larger due to the large, long positions

April 21, 2024

Ron Finklestien

3 Secrets of 401(k) Millionaires

You already know the basics of building wealth in a 401(k) account, right? These game-changing tactics have been shared a million times, because they are undeniably powerful and always a good idea: Max out your 401(k) contributions every month. Contribute enough to receive the full employer match, too. Get started as early as possible and leave your money untouched for as long as you can. I mean, yeah. Sticking to these principles forever will almost certainly make you a millionaire someday. The strategy is both tried and true. The details will vary with your annual salary, the cost of living

April 21, 2024

Ron Finklestien

Down 22% YTD, Should You Buy the Dip in Adobe Stock?

Shares of software heavyweight Adobe Systems (ADBE) have crushed the broader indices by a wide margin over the long term, rising more than 660% in the last decade and 2,180% since April 2004. That values the tech giant at a market cap of $212 billion.  Despite the outsized gains, ADBE stock trades 32% below its all-time highs, and is down over 22% in 2024.  www.barchart.com Let’s see if you should buy the dip in Adobe stock right now. Adobe Disappoints Investors With Q1 Results Adobe shares plunged nearly 14% in a single trading session after the company’s Q1 results for

April 21, 2024

Ron Finklestien

Alibaba Is Counting on These 2 Strategies to Regain Its Glory. Can It Pay Off for Investors?

Once an investor darling, Alibaba Group (NYSE: BABA) has fallen from grace. A series of challenges, such as the crackdown by the Chinese government, slower growth, and a massive management shuffle, have left shareholders in confusion and disappointment. Still, the tech giant has not given up on its turnaround efforts, and the appointment of the new management team could get the company back on track. Image source: Getty Images. Recapturing the hearts of its end users Most investors identify Alibaba as the biggest e-commerce company in China, serving a country of more than 1.4 billion people via its flagship Taobao

April 21, 2024

Ron Finklestien

Rivian Stock Hits All-Time Low. Could the Growth Stock Continue Selling Off?

Rivian Automotive (NASDAQ: RIVN) hit an all-time intraday low of just $8.26 per share on April 16, following an 8% slide on April 15. Many electric vehicle (EV) stocks sold off heavily in response to news that Tesla (NASDAQ: TSLA) was cutting 10% of its workforce. Rivian followed suit later last week with its second job cut of the year, though it was a much smaller 1% reduction. With sentiment toward EV stocks declining seemingly every day, investors may be wondering what it will take for the industry to bottom, and if Rivian is a buy now that the growth