Stock Market

The price of Shopify (SHOP) has been cut in half since November It still sells at nearly 20 times revenue Are growth catalysts sufficient to keep the stock price high? Shopify (NASDAQ:SHOP) stock cost $1,690/share in November. It opens March 24 at $710. That’s a bargain, right? Not necessarily. Even at that price you’re paying

EVGO had an operating loss of $90 million in 2022. EVGo’s growth depends on a mass market for electric cars in America. That market is still a few years away. So is EVGo’s potential profit. EVGo (NASDAQ:EVGO), a car charging company whose stock came public last July through a SPAC (special purpose acquisition company), remains

Taiwan Semiconductor (TSM), the largest semiconductor chip maker, is at a trough This is despite the world market experiencing a massive chip shortage — which normally indicate TSMC stock would peak Expect TSMC stock to move higher as the effects of the chip shortage continue to multiply through the global economy. Taiwan Semiconductor Manufacturing Inc. (NYSE:TSM)

Overseas e-commerce investing just got a little bit easier as China’s government signals readiness to support the market. Pinduoduo offers an intriguing entry point after a steep drawdown. Investors should consider a starter position and be prepared to add if the share price drops. Shanghai, China-based Pinduoduo (NASDAQ:PDD) provides an e-commerce shopping platform that’s meant to

With its performance in recent days, it may seem like Skillz (NYSE:SKLZ) stock has finally bottomed out. Since falling to prices as low as $2.07 per share, SKLZ stock has jumped around 57%, up back to around $3.39 per share. Source: NYCStock / Shutterstock.com For those who got in at or near its bottom, that’s a

The market’s de-rating of Shopify is justified given slowing growth and the overall contraction in growth stock valuations. Similar to what played out with AMZN stock 20 years back, SHOP could make a partial recovery within a reasonable timeframe. However, before that rebound happens, investors should watch out for another sharp decline. Spiking back after

Tesla raised the base price of its cars again Rivals have failed to deliver in the mid-market What China tells the U.S. about the future of electric vehicles Tesla (NASDAQ:TSLA) stock is down 17% in 2022. Investors are no longer paying as big a premium for growth. Even at its March 18 opening price of

This has been an interesting week for Tesla (NASDAQ:TSLA). The company’s CEO Elon Musk started a very public social media battle with allies of Russian president Vladimir Putin. A surging Covid-19 outbreak in China has forced the company to temporarily halt production at its Shanghai factory. Source: Khairil Azhar Junos/Shutterstock.com All of this comes on

McDonald’s Corp (NYSE:MCD) is off 12% from the end of last year, but prospects for the company are excellent. Despite losing $50 million a month in Russia, McDonald’s should still produce significant positive free cash flow in 2022. Investors should still load up on MCD stock, given that its valuation has room to grow at

Even the Russia-Ukraine conflict hasn’t done much to galvanize Boeing stock. A return to early 2020 price levels isn’t a question of “if,” but “when.” Investors should seize the opportunity to own a piece of an iconic American business. Headquartered in Chicago, Boeing (NYSE:BA) is an aerospace and defense company that’s known worldwide. For many generations,

At some point this weekend, you’re probably going to go shopping for groceries, or refill your car at the local gas station. When you do, your jaw is going to drop when you whip out your credit card. Over $4 a pound for a chicken breast? More than $5 a gallon for gas? Source: InvestorPlace

They don’t usually attract the attention of retail investors, but defense stocks have risen to popularity and widely outperformed a stuttering stock market so far in 2022. And some of them still appear like good long-term buys, even as they print new all-time highs. Undoubtedly, ongoing tensions in the South China Sea and the Russian

Lucid is down 54% from its November high price, wiping over $40 billion off its cheery valuation in the process. Its recent fourth-quarter earnings release lowered the company’s electric vehicle (EV) production target dramatically for 2022 from manufacturing issues. Investors should be careful here and take a wait-and-see attitude, especially as LCID stock still has a

Growth stocks such as Shopify (NYSE:SHOP) have cratered over the past few months. SHOP stock trades roughly 64% lower than its 52-week high price. Though the pain is unlikely to last forever, Shopify and other growth stocks will continue feeling the heat this year. Source: Burdun Iliya / Shutterstock.com Shopify’s business soared during the pandemic

Quantumscape (NYSE:QS) is down 29% year-t0-date and off more than 61% from its peak on Nov. 15. The company’s latest earnings report shows no revenue, as expected, and continuing losses. However, capex was as expected. Prospects for revenue for the solid-state electric battery maker are years in the future, which is keeping QS stock down.

There’s an old trading adage that goes as follows. A stock that is down 90% is one that was down 80% and then got cut in half again. This is precisely what’s happening for many unprofitable and speculative companies such as Affirm (NASDAQ:AFRM) stock. AFRM stock is now down 80% from its 52-week highs, leading

Before we consider the opportunity in Zillow (NASDAQ:Z, NASDAQ:ZG) stock, we should acknowledge the overall risk. The situation is now ablaze in the Ukraine, but the negative rhetoric is building showdowns between the U.S. and China. Wall Street knows this, and that’s why the the CBOE Volatility Index (INDEXCBOE:VIX) is near $30. With that in

Boy oh boy, have the meme stocks gotten some rough treatment or what? I would argue that to some extent, most of these stocks deserved this. Many meme stocks were trading to cuckoo levels, with the astronomical gains leading to silly valuations. The market was handing out multi-billion market capitalizations for some firms that didn’t

Remember how exciting it was when Canadian company Tilray (NASDAQ:TLRY)bought out competitor Aphria? At the time, it was the cannabis-market merger of a lifetime. TLRY stock was supposed to soar to all-time highs. Source: Jarretera / Shutterstock.com However, people’s pot stock dreams met reality and went up in smoke. Even with Aphria’s assets, Tilray still

BRC Inc. (NYSE:BRCC) is the official name of the entity better known as Black Rifle Coffee. The company recently completed its merger with Silverbox Engaged Merger Corp. As a result, Silverbox’s ticker changed to BRCC. In the wake of the merger, BRCC stock has rallied sharply. Source: YuniqueB / Shutterstock The merger valued Black Rifle at

Bottom-fishers who bought Occidental Petroleum (NYSE:OXY) at its novel coronavirus pandemic lows have seen their patience pay off recently. Even those who got into OXY stock “late” — after oil began to bounce back — are sitting on significant gains. Source: Pavel Kapysh / Shutterstock.com But now, whether you own it already, or looking to

Advertising platform Snap (NYSE:SNAP) has enjoyed the past month after reporting solid earnings. The market did not expect a blow-out quarter from the company but Snap proved them wrong. SNAP stock gained 23% in February and is trading in the $30s today. Source: dennizn / Shutterstock.com Although the stock is much lower than the highs it

Amazon (NASDAQ:AMZN) stock will split 20:1 in June. The company also authorized a $10 billion share buyback. Source: Frederic Legrand – COMEO / Shutterstock.com Shares rose over $100 early on March 10, despite a 1.45% overall drop in the Nasdaq. Even at that level they are down over 13% since the start of the year. The

With all the turmoil in the market today, you may think the meme stocks trend is completely over-and-done-with. Mostly, because the factors that enabled it in the first place are no longer in play. For starters, between inflation, interest rates, and the Russia-Ukraine war, the market is in “risk-off” mode. More chancy investments have seen

Canadian Pacific Railway (NYSE:CP) stock has been rising since Russia invaded Ukraine. CP stock was due to open March 11 at $77.79, up from below $69 at the start of the month. They’re now up 8% so far this year. Source: Shutterstock Canadian Pacific investors have been hoping for gains ever since the company announced

The junkmen are coming for Kohl’s (NYSE:KSS) stock. Source: Sundry Photography/Shutterstock.com Since December, activist investors have been pushing the company to sell or at least spin-off its real estate and e-commerce units. The board reacted by rejecting two takeover offers and adopting a “poison pill” aimed at preventing a “hostile takeover.” The pressure increased last

Clover Health (NASDAQ:CLOV) is in deep trouble. CLOV stock was due to open March 10 at about $3 per share. That is a market cap of just under $1.3 billion, which on 2021 revenue of $1.5 million looks horrendous. On expected 2022 revenue of $3.24 billion, however, maybe that is not so bad. Source: Wirestock

Downward revisions to revenue growth forecasts severely hurt Matterport’s (NASDAQ:MTTR) stock price. Shares are down around 79% from their November 2021 highs around $33. The price is in a precipitous decline that accelerated when the company reported scarier operating losses last month. Key corporate insiders bought the dip on MTTR stock in February. Could better

It is hard to believe that this is the first time I have written about Affirm Holdings (NASDAQ:AFRM) and AFRM stock.  Source: Joaquin Corbalan P / Shutterstock.com The San Francisco-based buy-now-pay-later (BNPL) firm went public at $49 on Jan. 12, 2021, selling 24.6 million shares and raising $1.21 billion in the process. The company’s share

Shares of Chinese e-commerce giant Alibaba (NYSE:BABA) have been in a downtrend since October 2020. Yet, a year ago, I bet few China perma-bulls expected BABA stock would be flirting with the $100 level for the first time in more than half a decade. Source: BigTunaOnline / Shutterstock.com After losing 57% of their value in