The EV Revolution arrived on Wall Street with a bang in 2020. All EV stocks — from the Tesla (NASDAQ:TSLA) mothership down — soared. One of the biggest winners was solid-state EV battery maker QuantumScape (NYSE:QS). QS stock, once a $10 stock in late 2020, soared as high as $130 just before Christmas 2020. Source:
Stocks to buy
Lidar stocks are hot. The question might be whether they’re too hot. Since early November, all sorts of auto-tech plays have soared. Many of the big winners have been on the electric vehicle side of the business, but plays on autonomous vehicles have done well too. Given that lidar (which stands for Light Detection and
Advanced Micro Devices (NASDAQ:AMD), one of the largest makers of computer and graphics chips, released robust fourth-quarter results on Jan. 26, beating on top and bottom lines. But following the announcement, investors decided to hit the “sell” button in AMD stock. Source: Fabio Alcini / Shutterstock.com Despite the rapid drop in AMD shares in recent
On Thursday night, Novavax (NASDAQ:NVAX) announced stunning results from its U.K. Phase 3 trials. At almost 90% effectiveness, the vaccine is now the most effective among those requiring only regular refrigeration. Source: Ascannio/Shutterstock.com Markets initially yawned at the news, sending NVAX stock up just 33% in after-hours trading. But as the reality of Novavax’s success
Nowadays it’s not really popular to focus stocks selling at a discount — that is, the so-called value investing approach. Instead, the interest is mostly on momentum. For the most part, this approach has gotten… well… crazy! The phenomenon of Reddit investors has taken Wall Street by storm — and has even threatened the stability
Insider buying can be a bullish signal for a stock. If a stock has made a large move higher and the insiders are buying, it could signal that the rally will continue. And if the stock has recently had a large drop in price, insider buying could signal that the selloff is over. When people
Those who are bearish on BlackBerry (NYSE:BB) — including the many people who are short-selling the name — continue to vastly underestimate how much money the company can make. That’s because BlackBerry’s cybersecurity business is bolstering BB stock, with more upside on the horizon from connected vehicles and more. Basically, cybersecurity threats are becoming more
Xpeng (NYSE:XPEV), the Chinese electric vehicle (EV) maker, continues from strength to strength. Xpeng stock will track Nio‘s (NYSE:NIO) rise as it’s on a similar growth path as its larger EV peer. Source: Andy Feng / Shutterstock.com If we compare both companies, we see that Xpeng is starting to catch up with Nio. In fact,
Shares of Tesla (NASDAQ:TSLA) dropped slightly after the EV maker reported fourth-quarter numbers which beat on the top line, but missed on the bottom line. As of this writing, TSLA stock is down about 3% on the day. Zooming out, the Tesla earnings miss is much ado about nothing. Source: Sheila Fitzgerald / Shutterstock.com And
Climate change concerns have the world talking about affordable and clean energy. The increased adoption of electric vehicles is just one aspect of this drive toward a clean energy future. As such, EV stocks have taken center stage. If we go by projections, the EV industry is likely to see strong growth. Not just for
On my Atlanta street, blue Amazon (NASDAQ:AMZN) trucks have become as familiar as the mailman. So have the profits rolling into Amazon stock. Source: Sundry Photography / Shutterstock.com Now the largest of the big cloud companies by revenue –beating Apple (NASDAQ:AAPL) – and the second-largest retailer in the world behind only Walmart (NYSE:WMT), Amazon has
There are a few good reasons investors should take a look at infrastructure stocks right now. The Joe Biden presidency is going to give a boost to infrastructure, having put forth a $2 trillion infrastructure plan focused on roads, bridges, and EV infrastructure among other areas. Additionally, the United States economy is underpinned by aging
Can I interest you in a one-day rally of 25%? That’s what investors in Palantir Technologies (NYSE:PLTR) received on Jan. 22. On that day, PLTR stock jumped to its highest level since going public in October. Source: Sundry Photography / Shutterstock.com And things may start to get really fun for the Big Data company. There
Wall Street doesn’t want to give the young investors much credit. Often dubbed “Robinhood traders” or “Robinhooders,” these young traders are getting more involved in the stock market than ever before. As a result, we’re getting a look at what many investors refer to as Robinhood stocks. Although experienced investors want to laugh at some
Investing in vaccine makers for the novel coronavirus has not been easy, but it’s been rewarding. Take Novavax (NASDAQ:NVAX) for instance. NVAX stock is up nearly 2000% from its 2020 low to its current price of roughly $130. Source: Ascannio/Shutterstock.com While most people would look at that and say the run is over — or
Bionano Genomics’ (NASDAQ:BNGO) products appear to be quite valuable and meaningfully superior to the standard systems used to map genomes. As a result, I believe that BNGO stock is likely to climb much further in the coming years. And, I recommend that longer-term investors buy the shares. Source: Connect world / Shutterstock.com The company’s top
XL Fleet (NYSE:XL) is one of the companies that went public via a special purpose acquisition company (SPAC) in 2020. XL stock is trading on the New York Stock Exchange. After climbing to more than $32 per share in December 2020, the stock has been steadily declining. Source: Pasuwan/ShutterStock.com That’s not unusual for newly public
China’s electric vehicle market is getting more competitive by the day. Favorable Chinese government policies have given the industry a strong push in the country. As a part of this increasingly hot movement, Xpeng (NYSE:XPEV) is evolving into a notable name in the EV space with a strong foothold in the space. This boost in
Investors and non-investors alike admire Warren Buffett’s extraordinary success in the business world. One of the key strategies the Oracle of Omaha follows is to buy stocks when they are trading at sale prices. That is to say, undervalued stocks. Buffett and his team hunt for these, since sound stocks under pressure will reward holders
The recent surge in popular cryptocurrency Bitcoin (CCC:BTC-USD) has sparked an increase in other cryptocurrencies’ prices. Right now, Ethereum’s (CCC:ETH-USD) Ether is the second most valuable altcoin and is up roughly 100% in the past month. Source: Shutterstock As such, institutional investors should start looking at Ethereum with similar engrossment as they do Bitcoin —
Investing in airlines is a dicey proposition due to the challenging macro-environment. And because of this, some of the more notable airline names on Wall Street like Southwest Airlines (NYSE:LUV) stock have taken a beating. Source: Eliyahu Yosef Parypa / Shutterstock.com That said, International Air Transport Association (IATA) forecasts a massive loss of $38.7 billion
Investing under normal conditions carries risk — that’s why there is a reward. But these days, that concept stretches to the extreme from all kinds of weird angles. I’ve been trading for decades, and this is by far is the most interesting market I’ve ever seen — and by interesting I really mean completely without
After the meteoric jump of Lemonade (NYSE:LMND) stock in December and earlier this month, many bears are piling on the name, declaring that the shares are overvalued and overbought. Source: Stephanie L Sanchez / Shutterstock.com I, however, continue to remain upbeat about the company’s outlook, as the positive points about Lemonade that I discussed in
Shares of Disney (NYSE:DIS) stock have grown by an impressive 45% in the past six months. It also ended the year on a high with a 25% increase in its shares for 2020. Source: ilikeyellow / Shutterstock.com However, what’s surprising is that the company is coming off one of its most challenging years in recent
Autonomous vehicles (AVs) are on the way. And when they get here, Luminar Technologies (NASDAQ:LAZR) has the potential to be an enormous winner. Investors in LAZR stock could reap the benefits. Source: Olivier Le Moal / Shutterstock.com In fact, I’d argue that there isn’t a better pure-play on autonomous vehicles than LAZR. There is no shortage
Back in 2011, Morgan Stanley’s head auto analyst Adam Jonas made a bold call which made many other analysts on Wall Street chuckle. He said that the nascent and largely unproven electric vehicle market – which, at the time, accounted for less than 0.1% of global passenger car sales – was going to explode higher
You might not have room on your list of special purpose acquisition companies (SPACs) for one more. But you’ll definitely want to take a look at Experience Investment (NASDAQ:EXPC), a SPAC from KSL Capital. And if you’d like to enter into a truly different type of investment, then EXPC stock could be right up your alley.
Going into 2021, it seems like a really bad idea to bet against Amazon (NASDAQ:AMZN). That’s because Amazon stock is likely to see continued growth powered by multiple secular trends, such as e-commerce, cloud computing and entertainment. Source: Sundry Photography / Shutterstock.com But there is one other factor that should be a nice boost for
With the world still in the throes of the coronavirus pandemic, digital payment apps like PayPal (NASDAQ:PYPL) continue to remain a key trend this year. As physical stores shuttered across the globe in March 2020, people increasingly turned to digital apps as a means to pay for goods and services. This resulted in some impressive
Last month, ahead of the release of its novel coronavirus vaccine to combat the coronavirus, Moderna (NASDAQ:MRNA) traded as high as $178.50. Frantic buying and selling rewarded momentum traders. So, when Moderna stock traded in the range of $140 to $165, day-traders locked in gains. Source: Ascannio / Shutterstock.com The heightened volatility did not last.