A SPAC (special purpose acquisition company) play like Social Capital Hedosophia VI (NYSE:IPOF) stock has two aspects. First, it’s a pot of money raised during the SPAC’s initial public offering. Second, it has optionality should the SPAC find a merger target of which the market approves. Source: Shutterstock That’s it. There’s no business to a
Stock Market
Since December, Argo Blockchain (OTCMKTS:ARBKF) stock has ridden the Bitcoin (CCC:BTC-USD) rocket ship to new heights. After listing on the OTC markets last year, the U.K.-listed blockchain mining company has seen shares rise from $0.17 to $2.72 — a stunning 1,500% return. The reason for the outsized returns is simple: cryptocurrency miners have incredibly high
It was quite the week. Source: Shutterstock Stocks hit new all-time highs. Bitcoin hit new all-time highs, too. And I remain as bullish as ever on both asset classes. That’s what I want to talk about on today’s new episode of MoneyLine. We’ll discuss the market first. All four major indices are at or near
Among all the craziness that 2020 brought, Wall Street still managed to bring two unicorns public. Airbnb (NASDAQ:ABNB) and DoorDash (NYSE:DASH) went through their IPOs under very tough conditions. The global economy was and still is in shambles. This is especially true for ABNB stock because it depends on people moving around. That’s the opposite
It’s no secret that green energy stocks are red hot, with some green energy plays soaring as high as 400% since March 2020. And solar is set to continue to beat the broader market. Joe Biden has pledged $2 trillion to renewable energy — a move that is set to send the value of specific
On Jan. 27, BlackBerry (NYSE:BB) traded as high as $28.77 before plunging sharply. The influx of buying the most short-sold stocks gave BB stock a temporary lift. Investors need to look beyond that one-time event. Source: Shutterstock Retail buyers on Reddit’s r/WallStreetBets may center their buying around other specific stocks instead. So, BlackBerry’s fair value
Lots of investors are excited about Tuscan Holdings (NASDAQ:THCB) and its plans to take a Houston-based battery company called Microvast public. In fact, THCB stock has become a magnet for hype. Source: Shutterstock According to InvestorPlace’s Matt McCall, this is a slam dunk for a patient investor. Similarly, contributor Robert Lakin writes that you may want to
In the last week of January, the SPDR S&P 500 Trust ETF (NYSEARCA:SPY) gave bulls a real startle. Investors saw the SPY quickly unwind, falling 4.5% in four days. Coming into that stretch, there were some warning signs and certainly some reasons why larger investors might have been unwinding their positions a bit. Source: Shutterstock
After its manic spike last month, there’s been renewed interest in Nokia (NYSE:NOK) stock. But, as the recent retail speculation cools down, there’s little reason to give this floundering telecom equipment company a second look. Source: RistoH / Shutterstock.com In theory, the 5G megatrend should be providing the company with a tailwind. But instead, this
From time to time, it’s nice to have an uneventful day in the market when volatility is low and stocks don’t make any big moves. Today was one of those days — and I’m more thankful than usual. Source: Shutterstock I spent the holidays in Nicaragua … and then I extended my trip … and
The shares of Tesla (NASDAQ:TSLA) have held steady in recent weeks. But the wild ride may not be over for those who are bullish on Tesla stock because the “story” that’s helped send this stock to new heights continues to be intact. Source: Grisha Bruev / Shutterstock.com Sure, the company’s latest quarterly profit numbers fell
Along with the pandemic, 2020 will be remembered on Wall Street as the year of electric vehicle (EV) and alternative energy stocks. For instance, the International Energy Agency is planning soon to reveal the world’s first global roadmap to net-zero emissions by 2050. And EVs are poised to play a central role in this global
Boeing (NYSE:BA) took a major hit when the world came to a standstill last year. With no flights taking place and uncertainty surrounding future travel, Boeing stock is down around 35% in the past 12 months. Source: Alex JW Robinson / Shutterstock.com Between a high of $349 in February 2020 and a low $89 in March
Overall, if there is insider buying, it could be a bullish sign for a company’s stock. Insiders have access to confidential information. Unfortunately, some insiders have used this information to gain an advantage over members of the public who do not have access to it. For example, if an insider may knows news is about
The resurgence of special purpose acquisition companies (SPACs) has created some of the markets hottest opportunities, such as Pershing Square Tontine (NYSE:PSTH). Set up by Bill Ackman of Pershing Square Capital, PTSH has already rallied from a low of $21.88 to a recent high of $31.21. Source: Shutterstock Shortly after, it would pull back to
On Nov. 10, Zomedica (NYSEAMERICAN:ZOM) closed at about 8 cents. Now, only a few months later, ZOM stock trades at around $1.90. Source: didesign021 / Shutterstock.com In other words, the stock has gained over 2,600% in just the past three months. That is a massive, massive rally. Now, the fact that it has soared doesn’t
After Quantumscape (NYSE:QS), dropped nearly 57% over the past month, the solid-state lithium-metal battery maker looks as if it is close to fair value. QS stock may worth watching for dips. Source: Tada Images / Shutterstock.com Two weeks ago, when I wrote that it was overvalued, QS stock was down almost 19%. I said Quantumscape
Investors freaked out last week as the S&P 500 fell 3.5% from an all-time high. Source: Shutterstock Investors freaked out last week as the S&P 500 fell 3.5% from an all-time high. But not us. Regular and loyal MoneyWire readers know that pullbacks happen all the time … and we welcome them with open arms.
It’s been a quiet week for the markets as we head into a few major earnings reports to watch. In fact, all three major indices have traded mostly sideways. This includes the S&P 500, which actually has fallen more than 1% over the past four trading sessions. That said, it may well stay quiet. The
In the stock market, the questions that flash through every trader’s mind when the S&P 500 has a bearish week go something like this: “What if this is it?” “What if this is the end of the bullish rally?” “What if the bears are waking up and taking control?” Those questions flashed through the minds
As you know, GameStop Corp. (NYSE:GME) and AMC Entertainment Holdings, Inc. (NYSE:AMC) have been under the spotlight these past two weeks following the big Reddit short squeeze. I’ll discuss far more in-depth about the Reddit Revolution in my Breakthrough Stocks February Monthly Issue tomorrow, but today I’d like to spend some time discussing one of the biggest short
As we discussed last week — besides the fundamental economic issues the market is dealing with — the uncertainty around election day and Covid-19 have and will continue to contribute to increased volatility in the short term. Source: Shutterstock And unfortunately, all three of those issues remain unresolved after election day. Now, we understand these
To stock traders, California-headquartered Romeo Power (NYSE:RMO) might look like a flash in the pan. That’s because RMO stock was the flavor of the month in December, only to lose investors’ interest in January. Source: Shutterstock Actually, I should clarify that it wasn’t actually RMO stock last year. The stock traded under the ticker symbol RMG
It was a quiet day in the stock market, despite the S&P 500 rallying more than 1%. Investors are still waiting for tech to regain its footing and find some momentum. Let’s look at a few top stock trades ahead of next week. Top Stock Trades for Tomorrow No. 1: Nio (NIO) Nio (NASDAQ:NIO) has
Welcome to Reddit-land! Source: Shutterstock Thanks to this online stock-chat forum, numerous previously unloved stocks have been rocketing higher over the past few weeks. Reddit has become a powerful, albeit narrowly focused, force in the stock market. In recent days, Reddit traders have sunk their teeth into heavily shorted names like GameStop Corp. (NYSE:GME), AMC Entertainment Holdings
As we mentioned last week, the market is performing well. There are even signs that the rally is broad enough to avoid a short-term decline. However, because the underlying fundamentals are still weak — and taking into account recent news about slowing retail sales — we should set expectations for a flat channel after this
There are some investments that you are tempted to simply laugh off because of their perceived ludicrousness. Ocugen (NASDAQ:OCGN) is one such name. A biotechnology firm that specializes in gene therapy to address blindness diseases, Ocugen certainly is pursuing a noble goal. But that alone isn’t enough justification for investors to consider OCGN stock. Source:
It was a quiet session on Wednesday, the last full day of trading this week. Remember, the stock market is closed on Thursday for Thanksgiving and only open for a partial session on Friday. Let’s look at a few top stock trades moving today. Top Stock Trades for Tomorrow No. 1: Nikola (NKLA) Investors already
The madness surrounding r/WallStreetBets and GameStop (NYSE:GME) has quieted this week. And not a moment too soon. Source: Shutterstock But even though the story is not getting as many national headlines, there is a good investing lesson to learn from last week’s craziness. On today’s new episode of MoneyLine, I’ll share my thoughts on the
In November, Naked (NASDAQ:NAKD) stock was just another failed penny stock — a brick-and-mortar lingerie and underwear company destined for the scrapheap of bankrupt companies. But then the improbable happened: in less than two short months, a fairy godmother in the form of Reddit users drove the microcap stock from $0.07 to $1.65, breathing a