Month: January 2023

Electric vehicle stocks across the board nosedived last year, and Lucid Group (NASDAQ:LCID) was no exception. During 2022, LCID stock went from around $38.50 to around $6.83 per share. That’s a more than 82% decline in price. Recently, shares in the early-stage luxury EV maker have found support, at around $6 or $7 per share.
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In 2022, I was able to greatly reduce my stock portfolio’s losses by shorting several U.S. equities. I found it fairly easy to find favorable stocks to short, as the valuations of many companies were ridiculously high last year, and many stocks were pricing in scenarios that almost certainly would never materialize. For example, I
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Not only is the ground in the San Francisco Bay Area saturated, but so is the cloud market pioneered by Salesforce Inc. and on top of margin pressure and lower quality earnings, one analyst downgraded the stock of the customer-relations management software giant. On Wednesday, Bernstein analyst Stacy Rasgon downgraded Salesforce CRM, -0.95% to underperform
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Shares in SoFi Technologies (NASDAQ:SOFI) have traded sideways over the past month. This is not surprising, given there have not been too many headlines about SOFI stock, since the short-lived excitement surrounding news of insider buying by CEO Anthony Noto. That said, there is something on the horizon that will likely bring this fintech stock
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There’s nothing wrong with supporting the vehicle electrification movement. However, investors need to be cautious when it comes to QuantumScape (NYSE:QS). The company’s financials aren’t ideal, and QS stock could continue to slide as QuantumScape will need time — maybe months or even years — to fully commercialize its products. QuantumScape’s primary business is developing
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Americans can still order more free COVID-19 test kits from the federal government. The Biden administration is mailing out four more rapid at-home COVID tests per household. You can order them online via the United States Postal Service at special.usps.com/testkits or by calling 1-800-232-0233. You can also visit covid.gov/tests to request the free testing kits — it’s
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In this episode, Preston and Stig talk about the disruptive new digital currency that’s growing around the world. Bitcoin and other cryptocurrencies could eventual become a popular form of payment without limits across international boarders. This is a fascinating discussion that you won’t want to miss. IN THIS EPISODE, YOU’LL LEARN: – What is Cryptocurrency
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