Investing During Hurricane Season
Hurricane season typically runs from June to November. For 2024, the U.S. National Oceanic and Atmospheric Administration (NOAA) has warned of an ‘extraordinary’ Atlantic season. In fact, NOAA has forecast eight to 13 hurricanes - with four to seven of those being deemed as ‘major hurricanes’. Furthermore, NOAA has said that there is an 85% chance of having an [...]
Tesla’s Q2 Deliveries Send Shares 6% Higher After a Disappointing First Quarter: Time to Buy TSLA?
The first quarter of 2024 was brutal for Tesla (TSLA). The company had nothing but bad news to report - from price cuts to layoffs to recalls. But, TSLA investors finally have something to be excited about. The EV manufacturer teased its Q2 results yesterday, which are set to be fully disclosed on July 19th. In the meantime, we [...]
Volkswagen is Investing Billions into Rivian: Why You Should Invest in RIVN, Too
All eyes are on Volkswagen and Rivian right now, as just last week the two automakers teamed up to create an EV-focused joint venture. Volkswagen will gain access to Rivian’s EV technology and a heap of Rivian stock (RIVN) in exchange for up to a $5 billion investment. Shares of RIVN are up 30% in the past week on [...]
Worth Your Time
Written by: Angela Akers It has been a whirlwind of a week for VectorVest in the best way! As part of our partnership with Nasdaq, our Management Team and Education Team had the opportunity to visit Nasdaq’s MarketSite in Times Square where we were featured on their billboard and were hosted at the closing bell. Additionally, VectorVest CEO, Ms. [...]
Boeing Buying Spirit Aerosystems is a Positive Step to Improve Safety, But We Still See Issues With BA
Boeing (BA) has been trying to purchase Spirit Aerosystems (SPR) for months now, and it looks like the deal has finally come to fruition. The two companies agreed to an all-stock deal for a valuation of $4.7 billion. This puts the airplane part manufacturer at $37.25 per share, whereas the company currently sits at just $33.80 per share after [...]
Weekly Market Recap: Tech Tumbles and Economic Data Takes Center Stage
Monday: Investors sold off technology stocks as they awaited critical inflation data, leading to a mixed close on Wall Street. The Dow edged up by 0.7%, contrasting with a 0.3% dip in the S&P 500 and a 1.1% drop in the Nasdaq. Tuesday: A mix of poor economic indicators and a tech rally led to another day of mixed [...]
