This post was originally published on TKer.co Stocks fell last week, with the S&P 500 declining 3.4%. The index is now up 9.9% from its October 12 closing low of 3,577.03 and down 17.9% from its January 3 closing high of 4,796.56. Last week I published a roundup of Wall Street forecasters’ outlook for stocks in 2023. In a nutshell, they were unusually bearish with more than half of them predicting the S&P 500 to close 2023 lower on the year. One commonly cited risk was the expectation that… Source link
Read More »Google: ChatGPT Is An Overstated Threat (NASDAQ:GOOG)
jittawit.21/iStock via Getty Images A hot new AI chat has a lot of investors fearful that Google (NASDAQ:GOOG, NASDAQ:GOOGL) is toast, but the market has forgotten that Alphabet has a more diverse business now. The stock remains remarkably cheap, falling below $100, with the potential dramatically boost profits via an increase to efficiency. My investment thesis remains ultra Bullish on the stock with the deep valuation and limited threat from an AI chatbot. No ChatGPT Threat Yet In only… Source link
Read More »