For Immediate ReleaseChicago, IL – January 23, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the fi
For Immediate ReleaseChicago, IL – January 23, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the fi
An avalanche of S&P 500 earnings reports will be arriving over the next two weeks. Market participants will be watching to see what companies are living up to and beating earnings per share (EPS) forecasts. It’s likely some of the usual suspects will drive S&P 500 EPS gains. And that’s not only for the fourth [...]
Read more at ETFTrends.com.
Investing is a long-term game. You win by finding great companies and then buying and holding them. Your investment will grow in value as the underlying businesses grow.
Below is Validea's guru fundamental report for AMAZON.COM INC (AMZN). Of the 22 guru strategies we follow, AMZN 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 exhibi
If you got sick of all the artificial intelligence (AI) talk in 2023, you should know it probably won't lessen in 2024. With some saying AI and machine learning (ML) could be as transformational to business as the internet, it's best to roll with it. Especially because the Intern
Wall Street's run-up to record highs will be put to the test in the coming weeks as heavily weighted U.S. technology-related companies open their books on the final quarter of 2023.
Amazon (NASDAQ: AMZN) is trying to take a stake in Bally Sports and bring regional sports content to Amazon Prime. Travis Hoium covers the implications for the biggest streamers in the world in this video.
Looking for broad exposure to the Technology - Internet segment of the equity market? You should consider the Invesco NASDAQ Internet ETF (PNQI), a passively managed exchange traded fund launched on 06/12/2008.
U.S. stock index futures were subdued on Tuesday, with investors now awaiting a peak in the earnings season and economic data in a major test for Wall Street's sustenance of a recent rally that saw the S&P 500 scale record highs and enter a bull market.
Grand View Research estimates that spending across artificial intelligence (AI) hardware, software, and services will compound at 37% annually through 2030. That creates a significant opportunity for investors. Businesses are racing to improve productivity with predictive insight
French regulator CNIL said on Tuesday it had fined Amazon France Logistique 32 million euros ($35 million) for what the CNIL said was an "excessively intrusive" surveillance system set up to monitor the performance of staff.
Artificial Intelligence (AI) stocks soared in 2023, and the trend shows no signs of slowing down in 2024. Fueled by advancements in areas like machine learning and robotic process automation, AI companies are witnessing solid growth and attracting investors' attention. According to Statista, the AI market is expected to grow at a compound annual growth rate (CAGR) of 15.8% to reach $738.8 billion by 2030.
Thus, leveraging the TipRanks
Stock Screener tool, we have shortlisted stocks with a Strong Buy consensus rating. Further, analysts’ price targets reflect more than 10% upside potential in the next 12 months.
Here are the five key stocks from the industry that investors can consider.
Nvidia (
NASDAQ:NVDA
) – Nvidia manufactures computer graphics processors, chipsets, and related multimedia software. NVDA stock’s average price target implies an upside potential of 13.1%. In the past week, four analysts have reiterated a Buy rating on the stock.
Amazon (
NASDAQ:AMZN
) – Amazon.com provides online retail shopping and cloud computing services. Analysts currently see an upside potential of 19.4% in AMZN stock. AMZN: Eight analysts have rated the stock a Buy in the past seven days.
Taiwan Semiconductor (
NYSE:TSM
) – Taiwan is a multinational semiconductor manufacturing and design company. TSM stock has an upside potential of 22.6%, according to analysts. Following the release of Q4 earnings on January 18, four analysts assigned a Buy rating to the stock.
SoundHound AI (
NASDAQ:SOUN
) – The company specializes in voice-enabled AI and conversational intelligence solutions. SOUN stock’s average price target implies an upside potential of 122.2%.
ASML Holding (
NASDAQ:ASML
) – This company supplies photolithography equipment used in the production of integrated circuits. The stock has an average price target of $863, which implies 12.6% upside potential from current levels. Ahead of
the company’s Q4 results,
Bernstein analyst Sara Russo upgraded TSM stock’s rating to Buy from Hold.
Disclosure
Amid the recent favorable price action within the market, many stocks are nearing or breaking 52-week highs, including several highly recognizable names such as Amazon AMZN, Arista Networks ANET, and Abercrombie & Fitch ANF.
Amazon (AMZN) closed at $154.78 in the latest trading session, marking a -0.36% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.22%. Meanwhile, the Dow experienced a rise of 0.36%, and
The NASDAQ 100 After Hours Indicator is down -7.36 to 17,323.02. The total After hours volume is currently 125,174,439 shares traded.The following are the most active stocks for the after hours session: Spirit Realty Capital, Inc. (SRC) is unchanged at $42.31, with 18,181,959 sh
Salesforce's CRM shares jumped 22% after its third-quarter fiscal 2024 earnings release, driven by strong performance. The surge showcases investors' trust in CRM's solid fundamentals and its strong position in the customer relati
In a promising turn of events, January has seen a remarkable surge in U.S. consumer sentiment, reaching its highest level in two and a half years. The University of Michigan's recent report indicates an upswing in optimism. This s
Ecuador's president on Monday said he is seeking financial support from the U.S. and Europe, as well extending output from an oil block that was voted to be shut down, as he looks to free up funds to fight organized crime.