Everyone loves a good bargain, right? Well, when the market endured that painful selloff in March, it drove down stock valuations. At the time, though, volatility was so high and there were so many unknowns that it was hard to pile into names. So, are there still cheap stocks to buy now? The short answer?
Month: January 2021
Moderna (NASDAQ:MRNA) is reaping the rewards of its successful Covid-19 vaccine, pushing MRNA stock higher and higher. It is now winning more contracts to deliver its vaccine and analysts are taking note. Source: Ascannio / Shutterstock.com And the stock has been climbing. Especially since the FDA approved its Covid-19 vaccine on Dec. 18 for emergency
What Is Insider Trading? An insider is a person who possesses either access to valuable non-public information about a corporation or ownership of stock equaling more than 10% of a firm’s equity. This makes a company’s directors and high-level executives insiders. Top 3 Most Scandalous Insider Trading Debacles Key Takeaways An insider is someone with either access to valuable
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
XPeng (NYSE:XPEV), the Chinese electric vehicle (EV) maker is up 100% in the last two months but it’s down 29% in the last month. That is due to the fact that XPEV stock peaked recently on Nov. 23 at $72.17. However, I believe XPEV stock is worth at least 100% more at $82 per share.
Once we get back to normal, one of the technologies you should truly advantage is global air travel. Having visited many parts of the world, I’ve gained an education that you can’t get from textbooks. And one of the lessons I’ve learned is that when it comes to foreign policy, Americans are probably the most
The slang term “trading the cable” is used by forex traders to refer to an exchange between British pounds and U.S. dollars. The word cable may refer to the exchange rate between the pound and the dollar, and may also simply refer to the British pound. Key Takeaways When the currency pair is the British
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
2020 is almost over… Finally. What a year it’s been. It all started with a U.S. strike that killed Qasem Soleimani, the Commander of Iranian Forces, in January. Less than a month later, NBA legend Kobe Bryant died in a helicopter crash. Then, about a month after that, Tom Hanks tested positive for Covid-19, and
It’s been about two years since Moderna (NASDAQ:MRNA) came public. The company raised $604 million at a $7.5 billion valuation. But the first-day return for MRNA stock was a dud. The return was an awful -19%. Source: Ascannio / Shutterstock.com At the time, there were concerns about the vaccine market, which has traditionally been challenging.
Check out the companies making headlines before the bell: Exxon Mobil – The energy giant will write down the value of its assets by up to $20 billion for the fourth quarter, mostly related to its natural gas assets. Exxon is, however, seeing a benefit this quarter from higher oil prices and improved margins in its
The one constant in the stock markets is change. Said differently, volatility is a constant companion to investors, which is why the CBOE Volatility Index (VIX) is such a widely tracked market index. Ever since this measurement of investor sentiment regarding future volatility was introduced (with futures and options following later), many investors have wondered
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:
Editor’s note: This column is part of InvestorPlace.com’s Best Stocks for 2021 contest. Ben Reynolds’ pick for the contest is Walgreens Boots Alliance (NASDAQ:WBA). Walgreens Boots Alliance (NASDAQ:WBA) is a global pharmacy-led health enterprise, and WBA stock is one of the best to buy for 2021. Source: by InvestorPlace Overall, Walgreens is a large and
A few weeks back, I said to fade the big rally in Sundial Growers (NASDAQ:SNDL). But now, after its pullback from 75 cents to 45 cents per share, there may be opportunity in SNDL stock for those with a high risk appetite. No, not due to the fact this penny stock has fallen further below
Here are the stocks making notable moves in midday trading. Tesla – The automaker jumped 3% to a new all-time high. The move caps a record year for Tesla, which saw the company report five straight quarters of profit extending back to 2019. The electric automaker was also added to the S&P 500. Shares are
There is an old Chinese curse, “May you live in interesting times.” 2020 was certainly an interesting year for investors with holdings in China. Early in 2020, short-sellers went after China as the coronavirus began spreading. However, Chinese markets snapped back quickly, led higher by technology and e-commerce companies, such as Alibaba. Exchange-traded funds (ETFs)
With Wall Street seemingly souring on Palantir (NYSE:PLTR), the company lacking a solid competitive advantage, and the shares continuing to trade at a huge valuation, I remain bearish on Palantir stock. Source: rblfmr / Shutterstock.com In recent weeks, Morgan Stanley and Credit Suisse have dropped Palantir to the equivalent of “sell” ratings. Meanwhile, short-seller Citron
Editor’s note: This column is part of our Best Stocks for 2021 contest. The Readers’ Choice pick for the contest is Nio (NYSE:NIO). Source: by InvestorPlace Overall, 2020 has provided quite a ride for everyone. And as we look back at the past year, some of the best stocks on Wall Street emerged from the rubble of
It’s been a few weeks since Airbnb (NASDAQ:ABNB) went public at $68 a share. Since then, Airbnb stock has jumped to $150, most of those gains coming on its first day of trading. Source: BigTunaOnline / Shutterstock.com The short-term stay platform sold $3.74 billion in gross proceeds in its initial public offering. Theoretically, it could