"Undervalued Gems: Alphabet and Adobe Stocks to Buy Amid Market Highs"
With the stock market hitting new all-time highs, investors may be cautious about buying stocks. However, two undervalued stocks worth considering are Alphabet (NASDAQ: GOOG, GOOGL) and Adobe (NASDAQ: ADBE). Both companies face challenges from generative AI, but have shown resilience. Alphabet’s Google Search remains dominant, while Adobe has its own generative AI product, Firefly. Both stocks trade at a significant discount compared to the broader market, making them attractive investments. Despite the potential impact of generative AI, both companies have positioned themselves well in the industry. Investors have an opportunity to capitalize on these undervalued stocks. 1. The stock market experienced a significant drop today, with the Dow Jones Industrial Average falling by over 500 points due to concerns over rising inflation and interest rates.
2. In international news, tensions are escalating between Russia and Ukraine as Russia continues to amass troops along the border, raising fears of a potential invasion.
3. The latest COVID-19 data shows a decrease in new cases and hospitalizations, but health officials are warning the public to remain vigilant as new variants continue to emerge.
4. Apple announced a new line of products, including the highly anticipated iPhone 13 with upgraded features and improved performance.
5. In sports news, the NBA playoffs are heating up with several close matchups and surprising upsets as teams compete for a spot in the finals.
Read more at 1. “Stock Market Soars to Record Highs on Positive Economic Data” – CNBC
The stock market reached all-time highs as positive economic data boosted investor confidence. The S&P 500 and Dow Jones Industrial Average both closed at record levels, with technology stocks leading the way. Unemployment numbers also showed improvement, with the jobless rate dropping to a new low for the year.
2. “Tesla Announces Plans to Build New Gigafactory in Texas” – Reuters
Electric vehicle maker Tesla revealed plans to build a new Gigafactory in Texas, which will focus on producing batteries and electric vehicles. The company aims to ramp up production to meet increasing demand for its products. This new facility is expected to create thousands of jobs in the region and further solidify Tesla’s position in the EV market.
3. “CDC Issues New Guidelines for Mask-Wearing in Indoor Settings” – Wall Street Journal
The Centers for Disease Control and Prevention (CDC) updated its guidelines on mask-wearing in indoor settings, recommending that even vaccinated individuals wear masks in areas with high COVID-19 transmission rates. The move comes as the Delta variant continues to spread throughout the country, leading to a surge in cases and hospitalizations. The CDC emphasized the importance of taking precautions to protect against the highly contagious variant.: 2 Phenomenal Stock Bargains to Buy With the Market at All-Time Highs