More Upside Catalysts Than Downside Point to this Blue Chip Winner
The past few years have been some of the worst in Boeing’s (BA) history. The airline manufacturer has had to deal with rising international competition, the flaws in its 737 Max jet, and then the pandemic’s collapse in global air travel. These high-profile dangers have been well baked into shares. Now, with the 737 Max getting back into service and the pandemic ending, things are potentially looking up for the airliner. That may be why the company has started earning analyst upgrades ...
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Is It time for This Inflation Hedge to Shine Again?
Gold prices peaked at over $2,000 per ounce over the summer on a rapidly-inflating economy and concerns over rapid government spending. While the metal then saw a drop as the stock market roared higher, gold has quietly started moving higher in recent weeks as the overall stock market has slowed down. With the metal up 7 percent in the past month near $1,900 per ounce, technical indicators point to a potential move higher. With the metal finally up year-to-date, and with inflation ...
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Consumers Remain King, And So Does This Retail Play
Even with the rise of e-commerce, it’s clear that some retail companies will continue to dominate the in-person experience. Those companies are usually big box stores, which offer sufficient variety as well as low prices. That’s why it’s no surprise that these companies have done well this earnings season. And why so many have also expanded their online presence, even if they’re still relatively smaller players there. One of the top retailers for this trend is Costco (COST). The warehouse giant is ...
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Cloud Services Remain Strong in the Post-Pandemic Era
Traders may be shifting towards airlines, cruise ships, and reopening movie chains as the world settles into a post-pandemic recovery. But many changes that occurred are likely to remain. One of those is the shift towards cloud services that started last year. As the work-from-home era likely won’t go back to the pre-pandemic levels of being in the office, it’s no surprise that many cloud names in tech have been reporting solid earnings in the first quarter of 2021. Case in point? ...
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Another Iconic Company Transforms Following One of the Top Trends of the Decade
Technology trends are already starting to shape the decade of the 2020s. This decade will be a transformative one in many ways. Fossil fuel companies are already starting to address carbon emissions. For the automotive sector, the success of Tesla Motors (TSLA) is pushing other carmakers to also offer electric vehicles as well. The market is rewarding that news with much higher share prices. Case in point? Ford Motors (F). Shares jumped to a multi-year high as the company announced it was ...
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Sooner or Later, This Blue Chip Will Adapt to the Times
The past decade has seen the rise of economically viable forms of alternative energy. That’s occasionally spelled trouble for fossil fuel companies. Last year’s drop in oil into negative territory, fueled by traders trying to get out of a bad trade, has now become a distant memory. But the rise of socially responsible investing, now dubbed ESG for environmental, social and governance, is looking to make some big changes to big oil. The biggest potential change? Going carbon neutral. With ExxonMobil (XOM) ...
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This Payments Giant Has Thrived Amid the Cryptocurrency Crash
A number of payments companies have started embracing cryptocurrencies in the past year, starting with Bitcoin. Some of those companies have struggled in recent weeks as the rapid moves in the cryptocurrency have had large swings in how these companies are valued. However, PayPal (PYPL) has held up more strongly than other names. That’s even as the company, along with its other division Venmo, has moved to increase its cryptocurrency trading abilities for customers in the past few months. However, right now, ...
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Even Without a Stock Split, This Tech Winner Remains a Buy
Graphics processing unit maker Nvidia (NVDA) announced plans to make a 4-for-1 share split on Friday. That gave shares of the company a quick boost, as it marks the first share split in 14 years for the firm. While the lower share price doesn’t change the company’s market cap, it does make trading easier, particularly for retail investors. It’s fairly common to see companies split shares as they continue a long-term rally. While Nvidia’s conventional valuation is a big high right now, ...
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