Among all the speculative financial instruments on the market, Special Purpose Acquisition Companies, or SPACs, are the riskiest. Fortunately, however, Fisker (NYSE:FSR) is one former SPAC whose business model is attracting investors. FSR stock has rebounded from its mid-May low of $10 to $18.65 this afternoon and could head higher in the long-term. Source: T. Schneider
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The economic numbers keep rolling in and they continue to look good. Jobless claims are falling. Hiring demand is rising. There’s money in the system. It’s all very attractive. But that’s what we’re seeing right now. The market isn’t really interested in right now. It’s looking at right now and making predictions on six months
This the latest in my weekly investing series focused on thematic Buy/Sell recommendations. Today, I’ll look at Big Data stocks. First, I’ll explain why you should buy New Relic (NYSE:NEWR) stock. After, I’ll take an even deeper dive into one of the Big Data companies you really should consider selling now. Big Data Stocks to
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC Jamie Dimon believes cash is king – at least for the time being. JPMorgan Chase has been “effectively stockpiling” cash rather than using it to buy
In this article .BBKA Cartons of Oatly brand oat milk are arranged for a photograph in the Brooklyn borough of New York, U.S., on Wednesday, Sept. 16, 2020. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Lordstown Motors — The electric truck maker’s stock fell more than 15%
Dividend stocks appeal to passive-income seekers. Broader markets have also seen record highs in recent days. Yet, investors still have opportunities for buying robust dividend names for less than where they were trading several weeks ago. Of course, even businesses with significant catalysts come under stress every now and then. However, leading companies with good
At first glance, Rocket Companies (NYSE:RKT) looks like a sure-fire trading pick. It has a great name, tons of meme energy and solid fundamentals, as well. Rarely do you get the combination of both the Reddit crowd and a strong business with excellent earnings and prospects as well. And yet, RKT stock has failed to launch.
Despite intense competition and the easing of the COVID pandemic restrictions, Zoom Video Communications (NASDAQ:ZM) is still zooming. ZM stock? Not so much. Zoom’s first fiscal quarter (April) results justified all the past faith that investors put into it. The company earned $227 million, 74 cents per share fully diluted, on revenue of $947 million.
Lucid Motors is a luxury electric vehicle manufacturer — going public through a SPAC merger with Churchill Capital (NYSE:CCIV) — producing vehicles that don’t compromise on performance. And they’re appealing to a range of customers that Tesla has begun to leave behind. Source: gg_photography / Shutterstock.com Their best-in-class technology rivals Tesla’s, and their battery tech
A series of GEN1 satellites ready to head to a launch site. Kepler Communications Kepler Communications, a start-up that is building a satellite internet network for service outside of the Earth, raised $60 million in a new round to help the Toronto-based company grow, including an expansion in the U.S. “We’re not selling to businesses
In this article CLOV GME RH CLNE RIDE A person walks past a GameStop in the Manhattan borough of New York City, New York, U.S., January 29, 2021. Carlo Allegri | Reuters Check out the companies making headlines after the bell: RH — The company formerly known as Restoration Hardware saw its stock gain 6%
Is a Chartered Financial Analyst (CFA) designation worth the work required to obtain it, and is it better than other professional commitments, such as a Master of Business Administration (MBA) or Certified Public Accountant (CPA) designation? To determine the value of the CFA designation, you must decide whether your chosen career path will require a
When it comes to buying stocks to grow your investments, there are hardly any guarantees. Great rewards come with great risks. Readers may avert much of the inherent downside with screaming stock opportunities. For example, the price paid may lower the risks by giving investors a bigger margin of safety. So, if investors pay for
If you’re a spiritually-minded person perhaps you can send up thoughts and prayers for people who own Workhorse Group (NYSE:WKHS) stock. Source: rblfmr / Shutterstock.com The company has limited revenue and even more limited prospects for the same. It faces scalability concerns in a sector with growing competition, and yet there are diamond hands within the
Gamestop (NYSE:GME) reported very good news June 9, and the stock tanked. Source: quietbits / Shutterstock.com An adjusted net loss of 45 cents per share was offset by a sales gain of 25%, to $1.28 billion. This came despite closing 12% of the company’s stores.. As of May 1 there was still $770.8 million of
In this article NCNO AVGO JNJ ADSK STX Johnson & Johnson products on a shelf in a store in New York. Lucas Jackson | Reuters The S&P 500 notched new records this past week, but future gains are anything but a guarantee. Investors are still weighing the implications of a potential change in monetary policy
Take a look at some of the biggest movers in the premarket: RH (RH) – RH surged 8.4% in premarket trading after it reported quarterly profit of $4.89 per share, above the $4.10 a share consensus estimate. The home furnishings retailer formerly-known as Restoration Hardware also reported better-than-expected revenue and raised its full-year outlook. Signet
Chinese electric vehicle (EV) maker Nio (NYSE:NIO) saw the recent rally in its shares halt briefly this week. After ending the day at $43.68 on Jun. 7, NIO stock slightly slipped. The catalyst seems to have been May’s vehicle delivery update, which reported that volatility in semiconductor supply had impacted production for several days. Since then,
InvestorPlace columnist Brenden Rearick recently discussed Castor Maritime’s (NASDAQ:CTRM) first profitable quarter since 2019. Interestingly, despite the positive results, CTRM stock fell on the news. Source: Pavel Kapysh / Shutterstock.com Rearick points out that the company is ready to take advantage of the “strong demand for dry bulk transportation services” with 18 dry bulk carriers
A pedestrian passes in front of 200 West Street, which houses the headquarters of Goldman Sachs Group Inc., in New York. Scott Eells | Bloomberg | Getty Images Goldman Sachs is making its U.S. employees report whether they’ve taken one of the Covid-19 vaccines, according to an internal memo sent this week. Employees must inform
Entrance of the Restoration Hardware store in the Meatpacking District of New York. Source: RH RH – Shares of RH surged about 15% after the retailer’s first-quarter financial results beat Wall Street expectations. The home furnisher, known formerly as Restoration Hardware, reported adjusted earnings of $4.89 per share on revenue of $861 million. Analysts were
I believe that Swedish oat milk maker Oatly (NASDAQ:OTLY) has the ingredients, both literally and figuratively, to become very successful over the longer term. Nonetheless, given the gigantic valuation of OTLY stock, I advise investors to wait for a major pullback in the name before buying the shares. Source: Katrinshine / Shutterstock.com Among the strong,
The peer-to-peer digital currency bitcoin made its debut in 2009, ushering in a new era of cryptocurrency. While tax authorities, enforcement agencies, and regulators worldwide are still debating best practices, one pertinent question—is bitcoin legal or illegal? The answer—depends on the location and activity of the user. Bitcoins are not issued, endorsed, or regulated by any
Beyond Meat (NASDAQ:BYND) stock will likely move higher over the next year as the foodservice segment of its total sales recovers. This is the inevitable conclusion from the plant-based meat company’s recent Q1 earnings release on May 6. As a result, I estimate that BYND stock is worth at least 50% higher at $224.13 over
Given the recent short squeeze attempts on meme stocks like AMC (NYSE:AMC) and GameStop (NYSE:GME), it’s no surprise that investors have been searching for juice among similar stocks with high short interest. Enter Churchill Capital Corp IV (NYSE:CCIV), a high profile SPAC (Special Purpose Acquisition Company), which currently has 26% of its float in short
In this article PSTH Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Company: Pershing Square Tontine Holdings, Ltd. (PSTH) Business: Pershing Square Tontine Holdings is a special purpose acquisition company (“SPAC”). The firm does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition,
Take a look at some of the biggest movers in the premarket: Snowflake (SNOW) – Snowflake shares fell 3.7% in premarket trading, following the cloud computing company’s presentation of financial targets at its Investor Day meeting. Snowflake set a target of reaching $10 billion in annual product revenue by 2029, compared to $554 million in
The markets are dealing with an army of investors who are after heavily shorted stocks. But there are also fundamentally strong names where initiating a short position can be risky. These are the so called unshortable stocks. True, Short squeeze rallies have delivered multi-fold returns for investors. AMC Entertainment (NYSE:AMC) is the recent case of a
Tesla (NASDAQ:TSLA) is the poster-child of the EV revolution. Nio (NYSE:NIO), on the other hand, has always been the little brother stuck living in Tesla’s shadow. But now, the little brother is taking the reigns and driving leading the EV charge, and Nio stock is beginning to reflect this shift in dynamics. Source: xiaorui /
I like cruising. In fact, I especially like the Celebrity line from Royal Caribbean (NYSE:RCL). But I would no more buy RCL stock than I would Gamestop (NYSE:GME). The numbers just don’t make sense. Source: ImagineStock / Shutterstock.com Royal Caribbean opened for trade on Jun. 11 near $89 per share. That’s a market capitalization of