Lucid Shares are Up 86% this year on Acquisition Rumors: Should You Buy the Hype?
It’s early - but one stock that’s performing exceptionally well in 2023 so far is Lucid Group. The electric vehicle manufacturer is matching rival Tesla, which is doing very well in its own regard - also up 86% year-to-date - and shows no signs of slowing down. The reason for this rally is speculation that Lucid could be [...]
Google Falls 8% After Introducing AI: What’s the Issue, and What do Investors Need to Know?
In the latest AI news, Google has introduced its take on ChatGPT, known as Bard. The parent company, Alphabet, experienced an 8% drop in the stock price as a result of this news - but why? Shouldn’t an exciting new feature like this cause a lift in share prices if anything? The issue is, AI has its problems still. [...]
T-Mobile is Sliding After Mixed Earnings and Downgrade: Is it Time to Sell?
Yesterday, T-Mobile stock (TMUS) closed at nearly a 5% loss, marking the third consecutive day of losses. This all came after T-Mobile delivered a mixed earnings report last week where some segments performed well and others suffered. While earnings exceeded expectations from Wall Street, sales figures were a dramatic underperformance. Moreover, the company expects 2023 to be a step [...]
Catalent is Up 22% Amidst Acquisition Rumors: Is the Stock Worth a Buy, Though?
Catalent (CTLT) is all over the headlines this Monday morning as rumors surge of an acquisition. The buyer in question is Danaher (DHR), a company that designs and manufactures diagnostic tools for health, food, and water services. This play is said to be Danaher’s way of competing with Thermo Fisher Scientific. This marriage makes sense as Catalent specializes in [...]
Fabrinet Latest Earnings Release Today (Feb 6) Could Propel the Stock to a New All-Time High
Fabrinet’s stock price has been on a roll since its low last October. With a good earnings track record over the past five years, now may be the time to consider a position based on the latest earnings report and your analysis of all the key factors which VectorVest can provide with a few mouse clicks. At the market [...]
BIG WINNERS IN AI
BIG WINNERS IN AI. Written by: Angela Akers Besides the Fed’s 25-basis point rate hike, tech’s earnings highs and lows, and a blockbuster January Jobs report, everybody’s also talking about Artificial Intelligence, AI, this week. At the end of November, the user base of a private company called OpenAI, exploded after it released the prototype for its ChatGPT AI [...]
