The positive momentum for electric vehicle (EV) stocks shows no signs of slowing. To say that traditional automakers were caught napping by the rise of Tesla (NASDAQ:TSLA) is an oversimplification of epic proportions. Nevertheless, not a day goes by without another company throwing its hat in the ring. Hence, it can get a bit confusing
Stock Market
Airbnb (NASDAQ:ABNB) continues to climb, thanks to the general “melt-up” of the stock market. Starting 2021 trading for around $139 per share, Airbnb stock is at $170 per share. Source: BigTunaOnline / Shutterstock.com But, while investors remain enthusiastic about this company, chasing its recent rally may not be the best move. Why? First, valuation. Shares
If you haven’t known it by now, let me just state the obvious: the cryptocurrency market has gone mainstream. Obviously, the biggest news item is bitcoin. After blowing past the psychological resistance barrier of $20,000, it then went on to breach $30,000, then $40,000. In theory, this should help bank stocks as their underlying companies
Big-screen movie theater owner AMC Entertainment (NYSE:AMC) is among the most clear-cut financial victims of the novel coronavirus. With filmgoers opting to play it safe and stay home, AMC stock had horrendous share-price declines. Source: Helen89 / Shutterstock.com And yet, there’s a certain appeal to AMC stock. For instance, the share price was up by 7.5%
When it comes to growth stocks, we often look to the tech sector. However, some investors are a little nervous about big technology and social media giants these days. Most of the FAANG stocks are under increasing scrutiny. The prospect of government actions over monopolistic behavior is looming. One way to invest in a big
With society becoming more progressive — a trend well underway before the 2020 election — it was inevitable that cannabis-based products would become all the rage. But cannabis-based investments have become a different story. While the narrative made sense, the relatively low barrier to entry, among other factors, have kept a lid on momentum. Thus,
Stocks took a breather today heading into the weekend. We all need a break once in a while, right? Source: Shutterstock After President-elect Joe Biden unveiled a plan for an additional $1.9 trillion in stimulus, the market didn’t rally as many had expected. Still, the news was important, and I discuss Biden’s proposal on today’s
As you likely know, pot stocks are back in style. With the “blue wave” in Georgia, the Democratic Party now adds control of Congress atop its Presidential victory in November. This bodes well for Sundial Growers (NASDAQ:SNDL). Why? The election results greatly improve the chances that marijuana is legalized on the U.S. Federal level. That
My coworkers laugh at me almost every time I talk about it, but I’m telling you right now … Source: General Motors Get ready for flying cars. I’ll pause for a moment if you also want to laugh, but I’m 100% serious. And remember you heard it here first. Because … At the 2021 Consumer
If someone wanted to prove that not every initial public offering in 2020 was an immediate success, they would only need to point to the ContextLogic (NASDAQ:WISH) IPO and the subsequent price performance of WISH stock. Source: sdx15 / Shutterstock.com As the stock ticker symbol implies, ContextLogic is the parent company of Wish. Since Wish
What if I told you that you could retire… On a single $2 stock. You’d probably say I was crazy. But today I’d like to share a new investment opportunity with you…. One with the potential to transform a tiny initial stake into a small fortune. My name is Matt McCall. I’ve spent the last
Shares of electric vehicle maker Canoo (NASDAQ:GOEV) are on fire this morning after the Verge reported that it held talks with Apple (NASDAQ:AAPL) about a possible investment or a takeover. GOEV stock jumped as high as 30% in pre-market trading Wednesday. Source: Shutterstock An Apple EV has garnered quite the buzz in recent weeks, as Barron’s noted
We will remember 2020 for a great many things — the novel coronavirus pandemic, Australian bushfire season and the 2020 U.S. presidential election, to name a few. From the market’s perspective, 2020 is also the year the traditional IPO (initial public offering) became obsolete. Special purpose acquisition companies, or SPACs, outpaced initial public offerings, with
It’s official. There will be a Blue Wave in Washington, D.C. for the next two years. Source: Shutterstock I know about half the country is happy while the other is disgusted. Me … I try to stay out of politics as much as possible in my research. However, it is important to take into consideration
During the first full week of 2021, Plug Power (NASDAQ:PLUG) came onto the radar of traders worldwide. That’s because PLUG stock made some big and sudden moves to the upside. Source: Shutterstock It’s not the first time that there’s been heated discussion over PLUG stock. You can look on some popular financial message boards and find
To say that that I have some concerns about Kaixin Auto Holdings (NASDAQ: KXIN) is an understatement. Indeed, the thought of buying KXIN stock gives me the same feeling in the pit of my stomach when I am under a lot of stress or ate something that I should have avoided. Source: lumen-digital / Shutterstock.com
For months now, I’ve been showing you a certain revenue projection in order to demonstrate just how large, important, and potentially profitable the switchover to 5G communication networks will be. Source: Shutterstock Source: Shutterstock In fact, I shared it with you just recently. Here’s how I put it: “Qualcomm Inc. (NASDAQ:QCOM) estimates that 5G networks will
One of the big topics for the gold miners in recent weeks has been the prospect of mergers and acquisitions. Analysts predict another round of consolidation for the industry in 2021, although they aren’t looking for mega-mergers. Instead, they expect to see a continuation of the trend in 2020 that brought a larger number of
With the S&P 500 now dominated by several of the world’s largest tech stocks, I’m not enamored with the SPDR S&P 500 ETF (NYSE:SPY). Since most of those large tech stocks are facing meaningful problems, while the S&P has largely become a strange synthesis of those few tech stocks and “the real economy,” I think
Recently 400 employees at Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) formed a union (this was through the Communications Workers of America Local 1400). For the most part, the impact on Google stock is likely to be minimal – at least in the short-run. Keep in mind that the company has more than 260,000 employees. And of course, this
2021 is going to be a better year than 2020. That’s particularly good news for American Airlines (NASDAQ:AAL). After all, 2020 was an unsurprisingly ugly year for AAL stock. The novel coronavirus pandemic shut down the airline industry worldwide. Source: GagliardiPhotography / Shutterstock.com In the second quarter, American’s revenue declined 86% year-over-year. On an adjusted
I like a good friendly wager as much as the next guy … and I already won my first bet of 2021! Source: Shutterstock This wasn’t your typical bet, like whether my Philadelphia Eagles would beat The Washington Football Team last weekend. (Don’t get me started on that one.) And while I never gamble when
In the month since Airbnb’s (NASDAQ:ABNB) IPO one thing is fairly clear: Airbnb stock was perfectly priced and there looks to be little reason to buy now. Source: BigTunaOnline / Shutterstock.com Many of my colleagues at InvestorPlace expressed the idea that Airbnb shares are likely to have a bright future. Those same colleagues also readily
If you only read the headlines and watch the primetime news channels, you might think that the market was down bigtime this week. Let me bring you back to reality … Source: Shutterstock The exact opposite is true. The three major stock indices hit all-time highs even in the face of a historic week for
Palantir (NYSE:PLTR) stock was one of the more exciting names to go public last year. The company’s main focus – data analysis and security for governments – is an extremely hot category. Source: Sundry Photography / Shutterstock.com You’d think that a software company in this niche should own a digital gold mine. Yet, Palantir’s operating
When gold was discovered at Sutter’s Mill in the 1850s, thousands upon thousands of people rushed to California hoping to strike it rich. Source: Shutterstock Some got lucky and did. Most did not. A few very smart folks made their fortunes another way — by selling basic goods to the miners. You may not have
The craziest stock of 2020 is off to a crazy start to 2021. Tesla (NASDAQ:TSLA) started off 2021 by reporting 499,550 vehicle deliveries for 2020, missing its target of 500,000. Following the news, practically every stock in the market tanked. Tesla stock gained 3.4%. Source: Tudoran Andrei / Shutterstock.com Tesla’s stock price detached from reality
“Time is money.” Source: Shutterstock It’s as true now as when Ben Franklin wrote that back in 1748 in his essay, Advice to a Young Tradesman. It takes time to compound your money and multiply your wealth. On the other hand, time spent out of the market often (usually!) results in lost profits. And here’s
In Europe, a bet is known as a “flutter,” and gambling on sporting events, even from a mobile app, is common. But the U.S. Supreme Court’s 2018 decision allowing each state to control sports betting, removing the exclusivity of New Jersey and Nevada casinos, means the whole business is becoming Americanized. And as such, DraftKings
Happy New Year! Source: Shutterstock I hope everyone had a wonderful holiday season and got the chance to safely see some loved ones and relax. I know I did, and now I am ready to face 2021 head on. A new year brings new opportunities … opportunities in the stock market and in many areas