Articles for author: 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

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

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

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

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

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

April 21, 2024

Mining

Study hints Predictive Discovery’s Bankan project could be Guinea’s ‘largest gold mine’

“Completion of the PFS now confirms the project is not only one of the largest gold discoveries in West Africa for a generation, but also a future Tier-1 gold mine,” Predictive managing director Andrew Pardey said during an April 15 conference call. “It can become Guinea’s largest gold mine,” he said. West Africa, including Guinea, is seeing a surge in mining activities, with both expansions of existing mines and new exploration interests. In Guinea, significant growth in gold mining can be seen, highlighted by projects like the Kiniero gold project. Robex Resources (TSXV: RBX) is redeveloping the historical mine with

April 21, 2024

Guru Fundamental Report for META

Below is Validea’s guru fundamental report for META PLATFORMS INC (META). Of the 22 guru strategies we follow, META rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth. META PLATFORMS INC (META) is a large-cap growth stock in the Business Services industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and

April 21, 2024