This weekend, as the #silversqueeze hashtag made its way across the internet, silver prices forebodingly edged past the $30 mark – the highest it’s been since the beginning of 2013. With a physical metal shortage on the horizon, Redditors and Wall Street pros alike are starting to ask themselves: can another $SLV short squeeze happen?
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Electric vehicle (EV) companies are succeeding by turning existing transportation models upside down. Moreover, the public is finally buying into the EV vision in a big way. As a result, EV stocks had a banner year in 2020. For instance, Canoo (NASDAQ:GOEV) closed it out with a massive surge in price. However, that was followed
By now we know that Switchback Energy (NYSE:SBE) will complete its reverse merger with ChargePoint in mid-February. At that point, investors will be investing under the ticker symbol CHPT. SBE stock is showing plenty of volatility in advance of finalizing the merger. Since the new year began, the stock has climbed by 20% and lost
The fine folks at Reddit already think I’m a useless pile of manure so this take will be injurious to me because it might strike a little too close to home. Nevertheless, I think it’s substantially relevant for Pershing Square Tontine (NYSE:PSTH), the special purpose acquisition company that billionaire activist investor Bill Ackman sponsors. As
In this market, many tech stocks have reached dizzying valuations. Teladoc (NYSE:TDOC) is trading at 23 times its trailing sales, The Trade Desk’s (NASDAQ:TTD) comparable multiple is 52, while Shopify (NYSE:SHOP) and Nio (NYSE:NIO) weigh in at 59 and 35, respectively. For tech investors looking to avoid those dizzying heights that can lead to intense
If I had $1 million to invest in the stock market, I would have no issue with buying Amazon (NASDAQ: AMZN) stock as I count my theoretical fortune aboard my equally imaginary yacht cruising the Caribbean to my imaginary private island. Source: Hadrian / Shutterstock.com However, since I am not made of money, there are any
NIO’s (NYSE:NIO) relentless uptrend, which accelerated in the last few months, is showing no signs of fatigue. Nio stock is benefiting from several stock sales and convertible notes offering. The cash raised is not hurting Nio stock yet. Demand for the hot stock gives the company many more opportunities to strengthen its balance sheet. Source:
Companies like Electrameccanica Vehicles (NASDAQ:SOLO) are trying to ride on Tesla’s (NASDAQ:TSLA) coattails with their electric vehicles (EVs). However, SOLO shares have cratered from their 52-week high of $13.60 per share down to single digits. Nevertheless, the stock remains highly inflated. Competition in the broader EV space is heating up. And even though Electrameccanica has a
ElectraMeccanica Vehicles (NASDAQ:SOLO) still hasn’t raised the additional capital it needs. Until it does, SOLO stock is likely to be range-bound for a while. Source: Luis War / Shutterstock.com As I argued in my last article, the company still needs to raise at least $75 million to $150 million more. That will result in a
The hottest investment of 2021 is on track to be the same as the hottest investment of 2020. Source: Shutterstock In fact, the reemergence of the Special Purpose Acquisition Company — or SPAC — may have been the most significant investment story of last year. If January is any indication, this fire is still burning
Nikola (NASDAQ:NKLA) is giving investors an interesting moment. The company had, on balance, a disastrous year in 2020. NKLA stock gave investors a thrilling climb. But ultimately, the bad and the ugly outweighed any good reason to own shares of the renewables-fueled vehicle play. Source: Stephanie L Sanchez / Shutterstock.com The stock started this week
While the bulk of the conversation about cryptocurrency might focus on famous names like Bitcoin (BTC) and Ethereum (ETH), it’s a good idea to learn about so-called altcoins like Stellar Lumens (XLM). Once you get to know Stellar Lumens, you might find yourself getting hooked on this unusual crypto coin. Source: Stanslavs / Shutterstock.com Sure, you can just
With questions lingering regarding the company’s 737 Max, Boeing (NYSE:BA) remains a tough company to love. Nevertheless, Boeing stock had a nice vaccine rally that lifted the stock more than 61%. That rally has lost steam, which is creating an interesting inflection point for prospective investors. Source: Marco Menezes / Shutterstock.com As hope continues to
The start of the year is the time for predictions, and why shouldn’t those predictions be bold ones? After the past 12 tumultuous months, it’s nice to take a deep breath and think about what is likely to happen in the coming year, especially in the fast-moving and often volatile technology sector. Plus, tech stocks
It was somewhat of a mixed day on Wall Street with the major indices little changed. Source: Shutterstock But don’t let that fool you. Below the surface we’re seeing important breakouts in certain sectors. And elsewhere, pullbacks are creating strong long-term opportunities. On today’s new episode of MoneyLine, we’ll start by diving into one of
Many politicians, government officials, and members of the media are misleading you about the COVID-19 vaccines. Source: Shutterstock They’re not stretching the truth about the effectiveness of the vaccines, however. Just the opposite, in fact. They’re downplaying the effectiveness of the vaccines — and emphasizing what they might not do. While virtually every vaccine out there
Tattooed Chef (NASDAQ:TTCF) has important strengths and a huge opportunity. But on the other hand, the company also has worrisome weaknesses, a major threat and a valuation that isn’t particularly enticing. Consequently, longer-term investors should keep an eye on TTCF stock, but avoid the shares for now. Source: Shutterstock Among Tattooed Chef’s strengths are its
Remember the 2014 Tom Cruise film Edge of Tomorrow? Source: Warner Bros. Great flick. If you haven’t seen it and are into science fiction movies, I highly recommend giving it a watch. In any event, the movie centers around Cruise playing a solider who uses a supercharged, futuristic military exoskeleton to help fight off an
If 2020 was the year that all things e-commerce leaped to the fore, then you have to wonder whether someone forgot to tell the folks at China’s Alibaba Group (NYSE:BABA). For while shares of Amazon (NASDAQ:AMZN) killed it, spiking some 74%, those who held BABA stock saw share prices rise very modestly. The S&P 500
Switchback Energy (NYSE:SBE), which will trade as ChargePoint under the ticker CHPT starting next month, is reportedly the unquestioned leader in electric-vehicle charging. That’s why some feel like SBE stock is a no-brainer investment. Source: Michael Vi / Shutterstock.com But is it? As the merger between the special purpose acquisition company (SPAC) and the California-based
Shares of special purpose acquisition company Churchill Capital Corp IV (NYSE:CCIV) have been soaring over the past two weeks on rumors that the company is set to acquire premium EV maker Lucid Motors. Such murmurs have been neither confirmed nor denied by either Churchill Capital or Lucid Motors. Still, CCIV stock has more than doubled
It sounds like a Jeopardy question, or I should say answer … Source: Shutterstock Three “S” industries that can make you rich. What are space, supersonic air travel, and SPACs? The fact that they all start with the same letter may be a coincidence … but it’s no coincidence that they’re the focus of today’s
Tattooed Chef (NASDAQ:TTCF), the plant-based frozen food company, looks to be fully valued, despite huge expectations of growth in sales over the next several years. This is despite a scathing short-seller report that came out on Nov. 19 that has had little to no effect on TTCF stock. Source: Shutterstock When Kerrisdale Capital came out
We all can’t wait for the day when life gets “back to normal” and the COVID-19 pandemic behind us. Source: Shutterstock But back to normal won’t mean “back to the way it was before.” One of the biggest lessons we’ve learned over the past year is that access to fast, reliable internet service isn’t just
I’ll hand it to investors in Sundial Growers (NASDAQ:SNDL). Based on what looks like nothing more than the hope that the United States may legalize marijuana, SNDL stock has surged 273% since Election Day. But the company still looks tremendously flawed, and I believe it may even wind up being a takeover target. Source: Yarygin
The annual Consumer Electronics Show (CES) is usually held in Las Vegas. This year, the tech industry’s premier event went virtual. Perhaps the most important keynote of CES 2021 was given by Advanced Micro Devices (NASDAQ:AMD) CEO Lisa Su. She gave notice that AMD is not finished with the astonishing run that has seen AMD
The last few years have been glorious for internet stocks. And unlike the dotcom bubble of the 1990s, these gains look like they’re here to stay. Internet companies have real sales, real profits and real growth to offer, thanks to the cloud. However, this run does have many people questioning value. Cloud stocks have risen
Carrying the momentum of the special purpose acquisition company (SPAC) into 2021, Newborn Acquisition Corp. (NASDAQ:NBAC) is the latest such vehicle to draw considerable investor interest. Assuming the merger goes through, Newborn will become Nuvve Corporation, an innovative firm that specializes in vehicle-to-grid (V2G) technology that can potentially bring electric vehicles (EVs) into the mainstream.
After a late-session dip on Thursday, equity markets struggled in early Friday trading ahead of the long holiday weekend, as the U.S. stock market was closed on Monday. Let’s look at a few top stock trades ahead of next week. Top Stock Trades for Tuesday No. 1: Nio (NIO) Nio (NYSE:NIO) has had a busy
Could a change of heart be the catalyst that e-commerce firm Jumia Technologies (NYSE:JMIA) needs to continue reaching higher plateaus? That’s one of the questions that investors of JMIA stock has, now that well-known (or notorious, depending on your perspective) short-seller firm Citron Research recently tweeted that JMIA stock was on its way to $100.