FINANCE
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Why Nio Stock Shot Higher Today
Nio ET9 executive sedan Chinese electric vehicle (EV) maker Nio (NYSE: NIO) made a splash over the holiday weekend by introducing some new products. Investors are showing their approval today, with a boost in Nio’s shares. The company’s American depositary shares jumped as much as almost 10% Tuesday morning and remained higher by 9.3% as of 10:50 a.m. ET. Nio…
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This Is the Best-Performing “Magnificent Seven” Stock of 2023. Will That Change in 2024?
nvidia-hopper-architecture-h100-sxm If the 2023 stock market had an MVP, it would have to be Nvidia (NASDAQ: NVDA). The chip maker and inventor of the graphics processing unit (GPU) has been the biggest winner in the generative artificial intelligence (AI) gold rush to date by far. Its revenue and profits have soared this year, and the stock has more than tripled…
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These Stock Forecasters Nailed This Year’s Rally. Here’s What They See for 2024
(Bloomberg) — Heading into this year, Wall Street’s top prognosticators were almost universally expecting further pain for the stock market after 2022’s disaster. Only a handful saw a rebound coming. Most Read from Bloomberg It turns out those few were spot on. A year ago, closely watched forecasters like JPMorgan Chase & Co.’s Marko Kolanovic and Morgan Stanley’s Mike Wilson…
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2 Cathie Wood Stocks That Might Be Smart Buys Right Now
innovation Investors have shown a lot of interest in thematic exchange-traded funds (ETFs) since 2019. These funds focus on specific themes or sectors expected to grow rapidly in the future. One of the prominent players in this space is ARK Invest, headed by Cathie Wood. Wood invests in disruptive innovation in fields such as biotechnology, fintech, telecommunications, and more. Many…
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History Suggests the Nasdaq Could Soar in 2024, and Here’s the Stock to Buy If It Does
A digital image of a semiconductor network with a car imprinted in the center In the 37-year history of the Nasdaq-100 index, it has only posted a loss in consecutive years on one occasion: during the dot-com tech crash from 2000 to 2002. Therefore, when the index plunged 33% last year, a rebound in 2023 was the likely outcome. True…
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