With the power of meme stock fans demonstrably weakening and Clover Health (NASDAQ:CLOV) continuing to face an SEC investigation, the longer-term outlook of CLOV stock remains negative. Source: Shutterstock As a result, I urge investors to sell the company’s shares. Clover Health has become a favorite of the social media-oriented investors, i.e. the meme stock
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It hasn’t been but two weeks since I last discussed Tesla (NASDAQ:TSLA) stock with my readers. No, I don’t dream of it, but I’m taking the opportunity to make an important point. Also, TSLA stock had a massive move, so it warrants an update. Source: Sheila Fitzgerald / Shutterstock.com Investors need to adapt to new
The U.S. generally accepted accounting principles (GAAP) require companies to adhere to uniform reporting standards that govern accounting in the U.S. However, companies increasingly supplement their GAAP reporting with pro forma financial statements. Management argues that GAAP statements do not provide a true picture of the company’s operations, and it adjusts GAAP statements to provide
Though the equities sector is supposed to be a representation of free market capitalism, the nuanced truth is that the big boys have the most resources. And that buys you access to the best information. Thus, a school of thought exists that you should track your investment decisions based on what the biggest fund managers
ContextLogic (NASDAQ:WISH) stock went public last December. After a brief pop, the share price fell to single digits in May. Source: sdx15 / Shutterstock.com It fell because ContextLogic loses money. Its first quarter report showed a loss of $128 million, 21 cents per share, on revenue of $772 million. Losses from operations, $126 million, grew
Paysafe (NYSE:PSFE) stock popped a bit lately due to some social momentum traders taking a liking to it. This momentum won’t last. PSFE stock will fall back down. When it does, buy the dip, because this is actually a pretty solid company with good upside potential. Source: Sulastri Sulastri / Shutterstock.com Paysafe is a digital payments
Zillow home page Source: Zillow Investors looking for stock ideas into the second half of 2021 may want consider some of these fresh ideas. These are stocks that Wall Street analysts believe are primed to surge over the long run and offer good value now. The names highlighted in this article not only fit the
Take a look at some of the biggest movers in the premarket: GlaxoSmithKline (GSK) – The drugmaker’s stock rose 3.5% in the premarket after it detailed plans to spin out its consumer health-care business into a separate company. Glaxo will eventually receive an $11 billion payment from the new company. MicroStrategy (MSTR) – MicroStrategy rallied
As we head into July, it’s time to think about what stocks will perform well in the second half of 2021. The last six months have been dominated by energy stocks, financial stocks, and real estate stocks with a lot of back and forth between growth and value. Going forward, many sectors and industries could
Workhorse (NASDAQ:WKHS) reported very weak first-quarter results and appears to have no viable, strong, upcoming, positive catalysts. WKHS stock is in trouble. Source: Shutterstock The EV maker’s inability to win any major deals or recruit any impressive partners so far, its apparent failure to cash in on opportunities with the U.S. Post Office and UPS
Virgin Galactic (NYSE:SPCE) stock blasted off on Friday on news that the company announced it had landed Federal Aviation Administration (FAA) approval for full commercial space operations. Basically, Virgin Galactic can now fly paying customers into space, which is bullish for SPCE stock holders. Source: Tun Pichitanon / Shutterstock.com This further bolsters SPCE stock’s current out-of-this-world
Take a look at some of the biggest movers in the premarket: Eli Lilly (LLY) – The drugmaker’s shares surged 8.7% in the premarket after Lilly’s Alzheimer’s treatment received “breakthrough therapy” designation from the Food and Drug Administration. The designation means the treatment may show substantial improvement over existing therapies and qualifying it for expedited
The stretch IRA was not actually a type of IRA. Rather, it was a wealth transfer method that involved an IRA—specifically, any non-spouse beneficiary you designated to inherit your IRA. With this estate planning strategy, you had the potential to “stretch” your IRA’s distributions (and tax benefits) over several generations. Why do we say “had”?
Shares of Canadian oil and gas producer Vermilion Energy (NYSE:VET) stock have grown sluggishly this year, despite the impressive recovery in the broader sector. Source: Shutterstock Although the company boasts strong cash flow generation and diversified production, Vermilion lagged behind its competitors in generating returns for its stockholders. Therefore, VET stock is one of the
I’m sure many investors in AMC Entertainment (NYSE:AMC) have stopped reading this article just based on the headline. And others are ready to tell me I don’t get it. So let me be clear. When it comes to AMC stock, I understand your point. I just disagree with it. Source: QualityHD / Shutterstock.com In 2021, AMC stock is at its
For a truly exciting biotechnology investment, you might want to consider Bionano Genomics (NASDAQ:BNGO). You’ll find that BNGO stock is a fast mover; it’s been much higher, but also much lower. Source: Shutterstock Therefore, it’s not appropriate for large position sizes. In general, I tend to want to “stay small” with volatile, low-priced biotech stocks. That
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike reported quarterly earnings of 93 cents per share, well above the 51 cents a share consensus estimate. Revenue beat forecasts by a wide margin and exceeded $12 billion for the first time. Nike benefited from pent-up demand for its
SoFi Technologies (NASDAQ:SOFI) still looks like good value here now that it is public, which allowed it to receive $1.91 billion in additional cash. Moreover, on May 24, the company produced its 10-Q filing, and on May 31 it sent out an investor presentation. (For some odd reason, the company did not produce an actual
Health insurance company Clover Health (NASDAQ:CLOV) went public via the SPAC route in January, and since then, its stock has been on a wild ride. CLOV stock became the latest target of the Reddit retail trading crowd, causing Clover’s share price to reach new highs. Source: Shutterstock Unfortunately, the stock is now overvalued, and Clover’s
Meme-stock traders set their sights on Canadian cannabis company Sundial Growers (NASDAQ:SNDL) earlier this year, driving SNDL stock to dizzying heights. That wave of enthusiasm, however, has come and gone. Source: Jetacom Autofocus / Shutterstock.com Of course, it’s possible that the Reddit crowd will target Sundial again. Yet I wouldn’t advise investors to consider buying a
In this article SPCE VSS Unity is released from carrier aircraft VMS Eve during the launch of its third spaceflight on May 22, 2021. Virgin Galactic Virgin Galactic announced on Friday that the Federal Aviation Administration granted the company the license it needs to fly passengers on future spaceflights, a key hurdle as the venture
Traders on the floor of the New York Stock Exchange. Source: NYSE The monthly jobs report is the highlight in the coming week, as June winds down and markets start the second half of the year. Economists are expecting about 700,000 jobs, better than the 559,000 in May but below the forecasts of several months
With interest rates still hovering near historic lows, quality high dividend stocks are increasingly difficult to find. One of the best sectors for finding high-yielding stocks today without taking on too much risk is mortgage REITs. Each of these three mortgage REITs offer investors a lucrative dividend yield that is at little risk of being
What Is the Barbell Strategy? The barbell strategy is an investment concept that suggests that the best way to strike a balance between reward and risk is to invest in the two extremes of high risk and no risk assets while avoiding middle-of-the-road choices. All investing strategies involve seeking the best return on investment that
It might seem astounding, but Advanced Micro Devices (NASDAQ:AMD) is trading at a very attractive price point. Yes, AMD stock, the one that has outperformed the S&P 500 by 1,560% and its sector by 1,400% in the last five years. Source: Grzegorz Czapski / Shutterstock.com Technology as a sector still looks like a buy after
Shares of once-famed gadget maker BlackBerry (NYSE:BB) were brought back from the dead by the meme stock investors this year. BB stock is appreciating heavy volume again as it appears to be caught up in the retail trading frenzy. One-month returns from the stock are at a staggering 47%. However, the momentum should be short-lived
Coupang (NYSE:CPNG), a leading South Korean e-commerce company, has developed attractive new services and has decided to expand to multiple, new geographic markets. As a result, I expect CPNG stock to meaningfully outperform the market over the longer term. Source: Ki young / Shutterstock.com What’s more, Coupang’s decision to enter the third-party logistics market should
Sir Richard Branson, left, and CEO Michael Colglazier celebrate the company’s third spaceflight test on May 22, 2021. Virgin Galactic Jeff Bezos plans to launch himself to the edge of space on July 20, but fellow billionaire Sir Richard Branson might still try to fly with Virgin Galactic first. Virgin Galactic leadership previously stated the company
Virgin Galactic SpaceShipTwo spacecraft Unity during a glide flight test in New Mexico. Virgin Galactic Virgin Galactic — Virgin shares soared more than 36% after it announced the Federal Aviation Administration has given it the green light to fly paying customers into space. It’s the first such license approved by the FAA. The company has
The S&P 500 has nearly doubled off its bottom last year and has climbed to new all-time highs. As a result, it has become challenging for investors to identify reasonably valued stocks with high dividend yields. In the current environment, many high-dividend stocks do not offer secure dividends, and their high yields are simply the