In a year filled with amazing revelations, Wall Street managed to steal some of the spotlight. Specifically, 2020 saw the rise in popularity of special-purpose acquisition companies (SPACs). These corporations look for budding opportunities. In the process, they bring private companies to Wall Street without the hassle of an IPO (more on that later). This
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Check out the companies making headlines in midday trading. Nikola — Shares of the electric vehicle company shed more than 3% as the stock continued its slide after the announcement of the end of a garbage truck development deal with Republic Services. The stock lost 10.7% on Wednesday. Wedbush Securities called the announcement “a tough
Do you know your insurance score? Most people don’t even realize they have one until they receive an adverse action notice in the mail notifying them that, based on their insurance score, they don’t qualify for the lowest pricing available from their insurance provider. To help you decipher what all this means, we’ll go over what the insurance
Hyliion (NYSE:HYLN) has lost a great deal of value in recent weeks, as the shares have started to reflect the fundamentals of the electrified powertrain provider. Source: Alexandru Nika / Shutterstock.com However, Barclays recently initiated coverage of Hyliion stock with an “overweight” rating and a $20 price target. That may seem conservative, considering the stock’s
The shares of major cannabis stocks have been rising after Joe Biden won the presidential election. It’s generally believed that the president-elect will loosen cannabis regulations, paving the way for the drug to be legalized, both for recreational and medicinal purposes, in more states. It’s against this backdrop that Hexo (NYSE:HEXO) stock shot up after
After its recent IPO, you can say DoorDash (NYSE:DASH) stock is turning into a case of Main Street bulls versus Wall Street bears. That is to say, many may be interested in buying the food delivery company’s shares, given its novel coronavirus tailwinds. Source: Sundry Photography / Shutterstock.com But citing valuation concerns, some investing professionals
Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Liesa Johannssen-Koppitz | Bloomberg | Getty Images Tesla‘s S&P 500 inclusion will be officially completed at the open of trading Monday. The electric car maker will have a
Traders work on the floor of the New York Stock Exchange. NYSE At the close of trading next Thursday, the bull market will be ready to run into 2021 but probably at a slower pace. January is the month that Wall Street tradition says sets the tone for the year — “so goes January, so
Key Takeaways If you’ve sold your investments due to market ups and downs, reinvesting can help get your plan back on track. Staying disciplined with your saving and investing is key to helping account balances recover and achieving long-term goals. A financial plan is helpful when everything is booming, but it’s critical in economic downturns.
Watching movies on the big screen is now a thing of the past and AMC Entertainment Holdings (NYSE:AMC), the largest theater chain in the world, is feeling the heat. The coronavirus pandemic has decimated the theater experience as digital streaming platforms find a new wave of success. AMC stock is now forced to raise nearly
Investors seeking exposure to the driverless car revolution now have the option of choosing from a variety of self-driving car stocks. Several companies are racing to get the first fully autonomous vehicle on the streets. Barring special trial programs, we are yet to see the first fully autonomous vehicle on the market, meaning the market
By now, most investors are probably inundated with information regarding special purpose acquisition companies or SPACs for short. I’ve mentioned this before and I’ll mention it again: I’m tired of writing about them. But Hennessy Capital Acquisition Corp IV (NASDAQ:HCAC), which is scheduled to merge with electric vehicle firm Canoo, is worth examining. Yeah, HCAC
Supporters listen as Democratic U.S. Senate candidate Jon Ossoff speaks at a news conference in Grant Park after the election in Atlanta, Georgia, U.S. November 6, 2020. Dustin Chambers | Reuters Wall Street and Washington are operating, these days, on the assumption that Republicans will retain control of the Senate after at least one Republican
Take a look at some of the biggest movers in the premarket: Pfizer (PFE) – Pfizer and the government struck a deal for the drugmaker and partner BioNTech (BNTX) to provide 100 million more doses of its Covid-19 vaccine, increasing the total that Pfizer has agreed to provide to 200 million. The extra 100 million
We hate to drag out that old, on-the-fence phrase, “it depends.” But it does. Your 401(k) plan‘s rate of return is directly correlated to the investment portfolio you create with your contributions, as well as the current market environment. That being said, although each 401(k) plan is different, contributions accumulated within your plan, which are diversified
This has been a wild year for the stock market. If you’d polled folks in March, virtually nobody would have said that stocks could recover their losses by the end of the year. Not only have the indexes clawed back all of the crash, but they’ve in fact gone on to strong overall gains. As
Two days before Christmas 2020 — when many investors and traders were looking to just relax and prep for the holidays — fleet electrification company XL Fleet (NYSE:XL) took Wall Street by storm, with XL stock soaring as much as 80% in a single day on the back of a confluence of good news. Source:
Too often, the burgeoning technology sector gets a bad rap for its disruptive tendencies. Most commonly, we hear tales of e-commerce firms displacing brick-and-mortar businesses. Typically, we don’t hear the other side of the coin, where companies like PayPal (NASDAQ:PYPL) leverage their innovative platforms for the greater good. This is one of the key, underappreciated
Twitter CEO and co-founder Jack Dorsey gestures while interacting with students at the Indian Institute of Technology (IIT) in New Delhi on November 12, 2018. Prakash Singh | AFP | Getty Images As the year comes to a close, Wall Street is watching for a possible Santa Claus Rally. Historically, stocks tend to rise during
CEO and founder of U.S. Nikola Trevor Milton Massimo Pinca | Reuters Check out the companies making headlines in midday trading. Carnival, Norwegian Cruise Line, Royal Caribbean — Travel stocks rebounded from steep losses earlier this week on fears about the new Covid strain in the U.K. Carnival and Norwegian Cruise Line popped more than