ElectraMeccanica Vehicles (NASDAQ:SOLO) recently started delivering the first shipments of its three-wheel electric vehicle (EV) called the Solo. The problem is SOLO stock has a $553 million market capitalization, but the company is going to need a lot more capital in order to ramp up production. Source: Luis War / Shutterstock.com The Solo is a
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The pandemic has kickstarted growth in many nascent industries. For instance, video conferencing has had an unprecedented boost. Likewise, biotech stocks have exploded. And finally, virtual healthcare has seen a huge increase. Few companies have benefited more from that than Teladoc (NYSE:TDOC). With health now more important than ever, demand for the company’s services boomed. So
Last week, new tech IPOs made a lot of headlines. Source: Shutterstock DoorDash Inc. (NYSE:DASH) soared 86% on Wednesday in its first day of trading. Airbnb Inc. (NASDAQ:ABNB) more than doubled during its Thursday initial public offering. And then those stocks quickly dropped as analysts expressed skepticism about those big rallies. This isn’t an isolated phenomenon. According
Goldman Sachs Chairman and CEO David Solomon told CNBC on Tuesday that he’s concerned about the intense demand from retail investors in recent initial public offerings. “I do think we’re in a moment in time where there’s a lot of euphoria. I personally am concerned about that,” Solomon said on “Squawk Box.” “I don’t think
The Fed may see a brighter long-term outlook when it releases its economic forecasts Wednesday due to vaccine developments, but it also has the opportunity to disappoint at least some investors who are expecting immediate changes in its bond buying program. The market has been divided about whether the Fed would extend the duration of
Overview The aim of the New York City Recovery Index is to create a practical, weekly pulse-check of the economic progress of the city. We built the overall city recovery index from components that align with the lives of New Yorkers: Health Transport and mobility Jobs Real estate and housing Restaurant reservations As New York
Here we go again with Hertz (OTCMKTS:HTZGQ). Traders have made Hertz stock their plaything, and not for the first time. Source: aureliefrance / Shutterstock.com Indeed, Hertz declared bankruptcy back in late May. Stunningly, Hertz stock would soar to over $5 from under $1. That rally faded, but the stock jumped again in October, clearing $2
This pandemic has accelerated change in markets everywhere. And maybe nowhere is this truer than in the energy sector. For instance, Exxon Mobil (NYSE:XOM) has defined energy for decades, becoming one of the world’s most powerful companies. Now, though, XOM stock is faltering and oil isn’t the only energy option. In fact, demand for Exxon’s
A novel coronavirus vaccine was perhaps the most in-demand item throughout 2020. As the world eagerly awaits these vaccines, the market opportunity for the companies that produce them has proven exponential. In this case, even the third or fourth finisher has a lot to gain. Novavax (NASDAQ:NVAX) may not be at the top as a
Electric-vehicle stocks are on a bull run of epic proportions. In 2020, Tesla (NASDAQ:TSLA) and Nio (NYSE:NIO) stock, the two biggest players in the space, have soared 650% and 960%, respectively. Source: Sundry Photography / Shutterstock.com I have always been extremely bullish on Nio. At this stage, my only concern is its valuation because the
CNBC’s Jim Cramer on Tuesday urged Congress to move quickly and pass another piece of coronavirus stimulus legislation, suggesting key parts of the U.S. economy need help being sustained until there is a widely available Covid-19 vaccine. “We are so close to getting this economy back on track, but these places that close, they can’t
The Apple iPhone 12 Pro Max is unveiled during a virtual product launch. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Apple — Apple shares rose more than 3% after Nikkei reported the tech giant will ramp up its iPhone production by about 30% in the first
401(k) vs. IRA: An Overview Saving for retirement is one of the most important financial goals that we need to achieve in our lifetime. The choice of which retirement savings account can help accomplish that goal. Whether it’s a 401(k) offered by an employer or an individual retirement account (IRA) that you established on your
When GameStop (NYSE:GME) reported earnings last week, options buyers were expecting a windfall from the dual PlayStation 5 and Xbox Series X release. Instead, all they got was dismay. Shares slid 20% even as the company reported less-than-expected losses. But don’t wait for a rebound in GameStop stock. It’s time to get out. Source: rblfmr/Shutterstock.com
I’ll cut straight to the chase here. Arguably one of the best hypergrowth stocks to buy for the next 10 years is FuboTV (NYSE:FUBO) stock. Why? Let me answer that question with another question. Does it not seem odd that, although the streaming TV revolution has forever disrupted the multi-trillion-dollar global entertainment industry, we’ve only
After six years in business, Zoox has revealed its first vehicle. And importantly for investors, this means that the first robotaxi for Amazon (NASDAQ:AMZN) could be just around the corner. Remember, Amazon acquired the self-driving vehicle startup over the summer. So what do investors need to know about the Zoox autonomous EV? And what does
Take a look at some of the biggest movers in the premarket: Alphabet (GOOGL) – Multiple Google services, including Gmail and YouTube, suffered a widespread outage this morning for an undetermined reason. “Service has already been restored for some users, and we expect a resolution for all users in the near future,” Google said in
A disclosure document can be important for both home buyers and sellers. When an owner sells a property, they are typically required to disclose information in a written document. The requirements vary based on state and local laws. In general, a disclosure document is supposed to provide details about a property’s condition that might negatively affect its
Is Westwater Resources (NASDAQ:WWR) a great indirect wager on the future of electric vehicles (EVs)? Or are speculators simply looking at it with rose colored glasses? At first glance, you may say the former. But — diving into the details of WWR stock — you have to go with the latter. Source: Shutterstock Why? Sure,
A highly anticipated test flight from space tourism pioneer Virgin Galactic (NASDAQ:SPCE) ended prematurely this weekend after the engine of its SpaceShipTwo vehicle ‘Unity’ did not fully ignite due to a lost connection. Virgin Galactic stock — which had rallied big into the event — dropped about 15% in response to the “botched” flight. Source: