Rite Aid lost money again, despite billions in revenue. Post-Covid slump continued after investors sold shares. Read my Q3 2022 earnings analysis of RAD stock...
Continue ReadingCloud computing is become the industry standard for the management and distribution of computing resources. Precedence Research projects the $380 billion cloud computing market (2021 figure) will grow at a 17.4% compound annual growth rate and rise to $1.6 trillion annually by 2030. The three largest cloud computing providers at the moment are Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT), and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), although each company's cloud computing segment is just part of a much larger operation...
Continue ReadingThe wisdom of "being fearful when others are greedy and greedy when others are fearful" is one of Warren Buffett's most famous and oft-quoted pieces of investing wisdom. It's fair to say that the market has been fearful when it comes to Amazon (NASDAQ: AMZN) stock this year. Facing tough macroeconomic conditions that have depressed values for growth stocks and a combination of high operating costs and slow sales for its e-commerce business, the tech giant's stock has fallen roughly 47% across 2022's trading...
Continue Reading2022 was the worst year for the stock market since the financial crisis, fueled by a combination of rising interest rates, economic worries, war in Ukraine, inflation, and other factors. While nobody has a crystal ball, here are a couple of my predictions for the stock market in 2023 and why I believe each one is likely. My bold prediction is that the stock market will rebound sharply in 2023, with a 20% gain (or more) in the S&P 500 benchmark index...
Continue ReadingStock prices have been sliding throughout 2022, and it can be discouraging to see your portfolio drop in value. Because it's been so long since the last major market downturn (aside from the brief crash in 2020), this is the first bear market many newer investors have experienced. Market downturns can be intimidating, and it's often tempting to press pause on investing until stock prices recover...
Continue ReadingIn a 2022 survey of US technologists and tech leaders, the area identified as having the biggest skills gap was cybersecurity—no surprise, given the geopolitical climate. But only slightly less concerning to the 700 respondents was the availability of expertise in cloud computing...
Continue ReadingThese growth stocks have fallen sharply on widespread recession fears, meaning now is the time for patient investors to be greedy...
Continue ReadingThe November inflation report released last week revealed a second consecutive month of moderating inflationary pressure, which suggests that the stock market could have a better year in 2023 as the Federal Reserve may eventually have to pause the interest rate hikes that have weighed on equities in 2022. The consumer price index (CPI) for the month of November revealed a 7.1% increase in prices over the prior year, lower than the 7.3% increase anticipated by economists. Core inflation, which includes food and energy prices, increased 6% year over year, compared to a 6.1% increase projected by consensus estimates...
Continue ReadingThere's no question that Chewy (NYSE: CHWY) has changed the pet products industry. With a pure-play e-commerce model and a customer-first approach, Chewy has proven that an online pet supplies store is a viable business model, dismissing memories of disasters like Pets.com. Of course, the pandemic was a boom for its business, but Chewy was thriving even before the outbreak...
Continue ReadingPersistent inflationary headwinds, with an added side of geopolitical madness, has cost Nvidia as much as 60% of its market value this year. Read more here...
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