Samiksha Agarwal

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Business News

2 Electric Vehicle Manufacturers Wall Street Analysts Predict Will Gain More Than 80%

With President Biden's proposal to invest $174 billion in electric vehicle (EV) development, the domestic EV industry could witness solid growth soon despite short-term hurdles such as a global semiconductor chip shortage. Supportive government policies and regulations worldwide should also contribute to the industry's growth. As a result, Wall Street expects the shares of EV makers Fisker (FSR) and Electrameccanica (SOLO) to gain more than 80% over the next 12 months. Read on for details.

Business News

4 Stocks Benefiting from Strong Consumer Spending

Massive fiscal stimulus spending and an improving job market on the back of a national COVID-19 vaccination program have been driving growth in consumer spending in the U.S. And since retail sales are by far the main driver of the U.S. economy-accounting for about one-third of consumer spending-the retail sector is expected to grow significantly going forward on rising consumer spending. So, we think leading players in this space-Walmart (WMT), Target (TGT), Albertsons (ACI), and Macy's (M)-are uniquely positioned to benefit, and as such are worth more than a second look by investors. Read on.

Business News

2 Overvalued Retail Stocks Wall Street Hates

The retail industry has grown remarkably over the past year on the back of increasing demand for online shopping, and immersive experiences offered by digitally sophisticated retail stores. While most stocks in the sector are thriving, there are some significantly overvalued players that Wall Street analysts detest. Cases in point are Gap (GPS) and Abercrombie & Fitch (ANF).Their weak fundamentals do not justify their premium valuations. Hence, we think they should be avoided now.

Business News

2 Electric Vehicle Stocks that Plunged More than 7% Last Week

The electric vehicle (EV) industry experienced tremendous growth last year. However, a global semiconductor chip shortage and overvaluation concerns have caused EV stocks to retreat this year. This, along with the rising competition in the EV space, makes us think the near-term growth prospects are bleak for prominent EV players Tesla (TSLA) and NIO (NIO). Read on.

Business News

2 E-Commerce Stocks to Buy in May, 2 to Avoid

The e-commerce industry, which saw accelerated growth amid the pandemic, should keep growing even in a post-pandemic world given the convenience it offers and the permanent shift to online platforms. However, not all players in this industry are well positioned to capitalize on the industry tailwinds. Growing international footprint and diversified offerings make the prospects bright for Vipshop Holdings (VIPS) and Amazon (AMZN). But on the other hand, Sea Limited (SE) and Jumia Technologies (JMIA) are struggling to stay afloat.

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