Articles for author: Ron Finklestien

April 21, 2024

Ron Finklestien

Aurous Resources eyes fivefold gold production increase, NASDAQ listing

\n “North America is much more supportive to us,” Floyd told The Northern Miner. “So, it’s an easy decision,” Floyd said in an interview. \n South African gold miners have been increasingly diversifying their asset bases outside of South Africa to mitigate risks like regulatory uncertainties, economic fluctuations, deep-level mining challenges, labour unrest, and unreliable electricity supply. Major companies like AngloGold Ashanti (NYSE: AU) and Gold Fields (NYSE: GFI; JSE: GFI) have expanded into regions such as the Americas, Australia, and other parts of Africa, reducing their exposure to South Africa’s operational risks. \n Aurous expects shareholders to approve plans

April 21, 2024

Ron Finklestien

3 Artificial Intelligence (AI) Stocks Wall Street Thinks Will Outgain Nvidia Over the Next 12 Months

Kids have played “King of the Hill” for years. The game’s goal is for one player to try to remain at the top of the hill while other players attempt to take their place. Companies play this game too. And in artificial intelligence (AI), Nvidia (NASDAQ: NVDA) reigns as king. So far, no rival has been able to knock the chipmaker off its perch at the top. However, Nvidia might not be the best AI stock to own in the near term. Here are three AI stocks Wall Street thinks will outgain Nvidia over the next 12 months. 1. Advanced

April 21, 2024

Ron Finklestien

3 Cathie Wood Stocks Analysts Like Better Than Tesla

Cathie Wood, the head of ARK Investment Management, has become one of the biggest names in capital management. Her portfolio zooms in on game-changing industries like genomics, artificial intelligence (AI), robotics, clean energy, and blockchain technology. Wood’s recent moves to ramp up her flagship fund’s stake in Tesla (TSLA) has garnered significant attention amid the stock’s slide, and the Ark Innovation Fund (ARKK) now holds shares worth $628 billion. At 9.75%, TSLA is far and away the largest ARKK holding. While Cathie Wood maintains her faith in Tesla, other analysts have turned on the stock amid what appears to be

April 21, 2024

Ron Finklestien

3 Meme Stocks to Buy Now: Q2 Edition

Quite frankly, with so much attention paid to artificial intelligence and cryptocurrencies, there hasn’t been much discussion (relative to prior market cycles) about meme stocks to buy now. However, the practice itself hasn’t gone away. Peruse your favorite social media network and you can find plenty of discussions about coordinated efforts to lift certain ideas. Even better, the discipline has evolved, encompassing far more than troubled video game retailers or cineplex operators facing lean times. While there are some unconventional (and thus highly risky) names, the internet offers some wise gems. Below are meme stocks to buy now. Caterpillar (CAT)

April 21, 2024

Ron Finklestien

Here Are My Top Artificial Intelligence (AI) Stocks to Buy Right Now

The U.S. Consumer Price Index, or CPI, a metric used to gauge inflation, rose by 3.5% on a year-over-year basis in March. Since that was the third consecutive month when the CPI grew faster than expected, investors and analysts have become cautious about reaccelerating inflation. This trend could prevent the Federal Reserve from cutting interest rates, which could trigger a significant correction in the stock market. While investors are now becoming wary of the overall economic outlook, there is money to be made in the market in the long run. Certain growth stocks, especially those powered by AI, could prove

April 21, 2024

Ron Finklestien

Is This "Magnificent Seven" Stock a Good Contrarian Buy?

Can a company with a market cap of over $2.5 trillion ever be considered an underdog? Perhaps not, but compared to most of its “Magnificent Seven” peers, tech giant Apple (NASDAQ: AAPL) looks like one. The iPhone maker hasn’t performed well this year, with its shares down by 9% since January. It is lagging behind all the other members of the Magnificent Seven, except Tesla. Apple is facing various issues scaring away some investors, but if it can navigate through them, it could still deliver outsized returns in the long run. Is it worth it to buy shares of Apple

April 21, 2024

Ron Finklestien

Is Amazon Stock a Buy in 2024?

Amazon (NASDAQ: AMZN) has been a significant winner over the last two decades, generating enormous wealth for its investors. But for investors who have yet to buy the stock, is it too late now to add Amazon to their portfolio? Here are three questions to ask to answer that question: Is it a good business? Does it have good prospects? And is the stock price attractive? Is Amazon a good business? There are many ways for investors to evaluate a company’s business model. Here are two elements to assess: customer captivity and barriers to entry. Customer captivity relates to the

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