Electric vehicles (EVs) and fintech are some of the hottest sectors out there. So, it’s no shock that Ideanomics (NASDAQ:IDEX), which dabbles in both fast-growing areas, has become a popular name to trade among retail investors. Looking beyond the hype, though, there’s little on the table to justify the IDEX stock valuation of $4.75 per share.
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As I’m preparing my latest article about Nio (NYSE:NIO), the hard-charging Chinese manufacturer of electric vehicles (EVs), Nio stock trades for $60. That values the company at $93.6 billion, good for the fifth spot amongst the world’s largest automakers by market capitalization. Source: Sundry Photography / Shutterstock.com On Feb. 1o, Deutsche Bank analyst Edison Yu
Shares of off-price retailer The TJX Companies (NYSE:TJX), operators of TJ Maxx, Marshall’s and HomeGoods, managed to stay in line with the market during the pandemic. Since vaccines have arrived, TJX stock is fading, up just 1.1% since Jan. 1 while the S&P 500 Index is up 4.3%. Source: Joe Hendrickson / Shutterstock.com This has
Since December, Argo Blockchain (OTCMKTS:ARBKF) stock has ridden the Bitcoin (CCC:BTC-USD) rocket ship to new heights. After listing on the OTC markets last year, the U.K.-listed blockchain mining company has seen shares rise from $0.17 to $2.72 — a stunning 1,500% return. The reason for the outsized returns is simple: cryptocurrency miners have incredibly high
Source: AppHarvest Company: AppHarvest Inc. (APPH) The agriculture technology company focuses on building an indoor farm in Appalachia. The company combines agricultural techniques with cutting-edge technology and including access for all to nutritious food, farming and building a homegrown food supply. The company operates a 60-acre controlled environment, agriculture facility in Morehead, Kentucky, which grows
Take a look at some of the biggest movers in the premarket: Walt Disney (DIS) – Disney reported quarterly profit of 32 cents per share, surprising analysts who had expected a loss of 41 cents per share. Disney saw a not-unexpected slump in theme park attendance and box office results due to Covid, but the
A company’s marketing efforts have a direct impact on their sales and market share, but they are not the only factors that influence overall performance in their respective industries. Creating a positive brand image through marketing efforts is also vital to a business’s success. Key Takeaways Creating a positive brand image through marketing efforts is
Jumia Technologies (NYSE:JMIA), which operates an e-commerce platform and mobile payments system in Africa, has suddenly become a darling on Wall Street. Note that JMIA stock has gone from $8 in September to about $65. The market capitalization is roughly $5.8 billion. Source: Christopher Penler / Shutterstock.com The company was smart to capitalize on this
When it comes to 3D printing leader Desktop Metal (NYSE:DM), it’s all about the Fourth Industrial Revolution. That is, you should buy DM stock today because the company is at the epicenter of a seismic shift in how factories and manufacturing plants across the globe operate. Source: Shutterstock These industrial seismic shifts happen only about
After a huge year in 2020, Apple (NASDAQ:AAPL) is holding onto its gains so far in 2021. Apple stock bulls are excited about the opportunity 5G device upgrades can provide in the near-term. Apple bears are concerned about just how much more Apple can milk out of the iPhone. Source: dennizn / Shutterstock.com Growth catalysts
It was quite the week. Source: Shutterstock Stocks hit new all-time highs. Bitcoin hit new all-time highs, too. And I remain as bullish as ever on both asset classes. That’s what I want to talk about on today’s new episode of MoneyLine. We’ll discuss the market first. All four major indices are at or near
gradyreese | E+ | Getty Images One of my favorite movie quotes comes from “Gladiator,” as Maximus calls out to the crowd, “Are you not entertained?” In this new pandemic-focused world, it appears that we should be changing that to “Are you not engaged?” The topic of engagement is everywhere. At home, parents are seeking
New York Stock Exchange (NYSE) at Wall Street on January 12, 2021 in New York City. Angela Weiss | AFP | Getty Images The prospects of a big government spending program could continue to boost the stock market and put upward pressure on interest rates in the week ahead. Earnings season is beginning to wind
The almighty hedge fund has for a while been synonymous with lavish Wall Street lifestyles (and all its connotations, both good and bad) for several decades. But perhaps the 1990’s through 2000’s has been a blip on the radar. The concept of the hedge funds date back to Alfred Winslow Jones’ company, A.W. Jones &
Insider trading happens when people who have access to confidential information about a company use that to profit off its stock. These insiders include folks like the corporate officers and members of the board of directors. Historically, there have been countless cases of unscrupulous insiders benefitting at the expense of unsuspecting shareholders. For example, suppose
Walt Disney (NYSE:DIS) — a company that has become bifurcated amid the pandemic with a surging streaming business and a stumbling parks business — reported first-quarter numbers in mid-February that didn’t surprise anyone. Over the past three months, Disney’s streaming services Disney+, ESPN+ and Hulu grew like clockwork. Disneyland and Disney World parks, though, continued to
Interest rates remain very low and given the ongoing economic impact from COVID-19, they will likely stay very low. This low-rate environment places income investors in a difficult position. Add in the S&P 500 rising nearly 100% over the last five years, and finding high-yielding securities has become much more difficult. With low interest rates,
A SPAC (special purpose acquisition company) play like Social Capital Hedosophia VI (NYSE:IPOF) stock has two aspects. First, it’s a pot of money raised during the SPAC’s initial public offering. Second, it has optionality should the SPAC find a merger target of which the market approves. Source: Shutterstock That’s it. There’s no business to a
Virgin Galactic’s spacecraft Unity prepares for flight. Virgin Galactic Virgin Galactic shares dropped after the company on Friday delayed its next spaceflight test, which was scheduled for this weekend. “We have been progressing through our pre-flight preparations and, during that process, we have decided to allow more time for technical checks. We are working to
A visitor wearing a mask walks outside the Shanghai Disney Resort, that will be closed during the Chinese Lunar New Year holiday following the outbreak of a new coronavirus, in Shanghai, China January 24, 2020. Aly Song | Reuters Check out the companies making headlines in midday trading. Walt Disney Company — Shares of the