In past columns about Palantir stock, I’ve noted in general terms that Palantir Technologies (NYSE:PLTR) actually has many competitors. More specifically, I’ve noted that there are multiple government-focused systems integrators, which, like the Denver-based firm, help government agencies develop conclusions from data. And I’ve also pointed out that multiple tech companies also provide data-analysis tools.
Stocks to sell
New year, same old overpriced electric vehicle (EV) stocks. After a mammoth 2020, investors were hoping for some relief. Unfortunately, that doesn’t seem likely. Meanwhile Nio (NYSE:NIO) has seen its stock maintain the positive momentum as well, climbing 30.6% in one month. Source: Carrie Fereday / Shutterstock.com That momentum is puzzling since several negative news
It’s no shock that the enthusiasm for electric vehicle stocks continues. The “blue wave” election results out of Georgia may mean a more aggressive pivot towards electrification of cars and trucks. But, even that may not be enough to sustain Switchback Energy (NYSE:SBE) stock at its current price levels. Source: Michael Vi / Shutterstock.com With
AMC Entertainment (NYSE:AMC) shares are up about 5% so far in the new year. That’s a nice change for investors who watched their AMC stock holdings drop in value by about 70% in 2020. Source: rblfmr / Shutterstock.com However, this mini-rally is unlikely to last. AMC shares were already stuck in a four-year rut and
As the novel coronavirus attached its soul-sucking, lamprey eel tentacles to America and the world in 2020, it took down 1.9 million lives and the livelihoods of good people in a slew of slain industries. Among those scorched, perhaps none suffered so much as travel and hospitality — which brings up a baffler. If Airbnb
It’s amazing how many people who rail at the Chinese Communist Party still want to buy the country’s electric vehicle stocks, such as Xpeng (NASDAQ:XPEV) stock. Source: Andy Feng / Shutterstock.com Like other electric vehicle specialists, from Tesla (NASDAQ:TSLA) on down, Xpeng carries a valuation that’s divorced from reality. The best estimate for 2021 revenue
When I think about Switchback Energy Acquisition Corporation (NYSE:SBE) two movies come to mind that support with arguments my investment thesis about SBE stock. Source: Michael Vi / Shutterstock.com The first movie is “Forrest Gump,” famous for the line, “Life is like a box of chocolates. You never know what you’re gonna get.” The second is
On Oct. 30, FuelCell Energy (NASDAQ:FCEL) closed at an even $2. Now, just over ten weeks since then, FCEL stock has rallied some 688% to $15.76. Source: Kaca Skokanova/Shutterstock Of course, the fact that FCEL has boomed so high isn’t a reason for concern on its own. I’ve discussed the danger of so-called “anchoring” bias
Biotech giant Moderna (NASDAQ:MRNA) was a key player in the Covid-19 race, and MRNA stock will be witnessing a massive surge in revenues this year. Source: Ascannio / Shutterstock.com According to estimates, frontrunners in the race, Pfizer (NYSE:PFE), BioNTech (NASDAQ:BNTX), and Moderna will generate roughly $32 billion from the vaccine. Despite the news though, MRNA
After it went public in 2019, investors largely stayed away from African e-commerce play Jumia Technologies (NYSE:JMIA) stock. But, with investors in 2020 willing to pay up for “story stocks,” shares went on a tear in the latter half of the year. But, while many have coined this Africa’s answer to e-commerce powerhouses like Amazon
Naked Brands (NASDAQ:NAKD) has enjoyed a bit of a comeback so far in 2021. Shares spiked from 20 cents to more than 40 cents at one point over the past few days. That said, this is a rounding error in the bigger picture. On a split-adjusted basis, NAKD stock traded for $600 per share in
Electric vehicle stocks could have another big year ahead. After all, with Joe Biden in the White House, and Democrats in control of Congress, we’re likely to see a greener future. In fact Biden already said the U.S. will rejoin the Paris Climate Accord and mentioned a $2 trillion clean energy plan, with hopes for
Is Ideanomics (NASDAQ:IDEX) stock a rising star in the EV (electric vehicle) sector? Don’t count on it. For starters, this company didn’t start off in the electric vehicle business. Instead, it’s a perennial penny stock, dabbling in a hot sector to gain attention (and capital) from investors. Source: nrqemi / Shutterstock.com What do I mean?
It used to be that every responsible long-term investor had some kind of energy company in their portfolio. And by “some kind of energy company,” I mean a big oil and natural gas firm. They were as much a sure thing as big banking stocks. Well, we’ve seen that banking isn’t what it used to
Because of the once-in-a-century pandemic that is the novel coronavirus outbreak, many if not most people believed that during the onset of the crisis, this catastrophe would spell doom for the equities sector. However, thanks to the unforeseen (and largely successful) transition to working from home, many stocks enjoyed remarkable gains. However, several others represented
Fisker (NYSE:FSR) is facing tough competition. What’s more, the company is still not conveying any concrete points that differentiate its upcoming Ocean SUV. Because of that, I remain bearish on Fisker stock. Moreover, I’m less than thrilled with the automaker’s partnership with Magna (NYSE:MGA) as well as the fact that shares continue to trade at
Short-term rental platform Airbnb (NASDAQ:ABNB) rewarded investors with holiday cheer to close out 2020. However, Airbnb stock is still not out of the woods regarding the pandemic. Source: BigTunaOnline / Shutterstock.com The lockup period after its initial public offering (IPO) has just come to an end. This, combined with the continuing pandemic, adds more than
On so many levels, Chipotle Mexican Grill (NYSE:CMG) has been a winner. Gone are the days when the company was associated with a disturbing series of food-poisoning incidents, after which CMG stock traded at one point well under $300. Today Chipotle’s shares are above $1,350. Source: Northfoto / Shutterstock.com Therefore, congratulations are in order for
I can see why many investors are excited about Jumia (NYSE:JMIA). Basically, JMIA stock is a bold bet on the rise of e-commerce in Africa. Yet — while it has the potential to scale into a massive online shopping powerhouse — you shouldn’t put the cart before the horse. Source: Christopher Penler / Shutterstock.com That is
An interesting thing happened to XpresSpa Group (NASDAQ:XSPA) stock in December. The company clearly tried to gin up investor enthusiasm toward its Covid-19 testing operations. It didn’t work. Source: Maridav / Shutterstock Within the month, XpresSpa issued at least six press releases citing varying partnerships and moves underlying its testing business. Yet, for the month,
No doubt, 2020 was a banner year for SPACs. Yet that wasn’t enough to save Hyliion Holdings (NYSE:HYLN) stock. Shares in the company, previously known as Tortoise Acquisition, soared in the run-up to its merger with the hybrid truck maker. Source: nrqemi / Shutterstock.com But since September, shares have fallen from as high as $55.85
Food-delivery leader Doordash (NYSE:DASH) made its debut on Dec. 9 at an opening price of $192. On the same day, Doordash stock hit a record high of $195.50. Now it is flirting with $140. Put another way, in a matter of three weeks, the stock has lost about 23% of its value. Source: Sundry Photography /
Recently Hertz Global Holdings (OTCMKTS:HTZGQ) sold one of its subsidiaries to a private equity firm for $825 million. But don’t be lured into thinking this will be enough to get Hertz out of bankruptcy. The truth is Hertz stock is completely worthless. It has been rising lately and this might lure some into believing it
XpresSpa (NASDAQ:XSPA) is trying to redo its business model. It used to be an airport spa company, but Covid-19 destroyed that model. Now it’s becoming an airport Covid-19 testing company. It has already signed up a number of airports in this new model. For owners of XSPA stock, the hope is that this model will
FuelCell Energy (NASDAQ:FCEL) continues to move up based on rampant speculation. I wrote earlier this month about how FCEL stock spiked over 800% in the last year based on no profits. Source: Kaca Skokanova/Shutterstock The company is still not expected to be profitable anytime soon. This means FCEL stock remains unmoored to any kind of
DoorDash (NYSE:DASH) has been a public company for 14 trading days since its initial public offering on Dec. 8. On its first day of trading, DoorDash stock gained almost 86%, closing pennies under $190. Source: Sundry Photography / Shutterstock.com In the 13 days since, it’s lost ground on 10 occasions. Down 28% from its first
While investors don’t as a rule connect China and its used car market, there’s no doubt a big opportunity there. Isn’t there always when to comes to the world’s number two economy? And in the case of Kaixin Auto (NASDAQ:KXIN), the brass ring (or hubcap, if you like) seemingly presented itself through KXIN stock. Source: