Ideanomics (NASDAQ:IDEX) has been one of the more actively traded stocks in 2021. On Feb. 8, IDEX stock closed at $5.43. That was fueled by retail investors eyeing their next GameStop (NYSE:GME) candidate (IDEX isn’t available to institutional investors, yet). However the stock couldn’t hold its 163% gain and is trading at about 50% of
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Canadian enterprise software group Blackberry (NYSE:BB) has had a rollercoaster ride in recent weeks. BB stock finished 2020 at $6.63. Then, on Jan. 27, it hit a multi-year high of $28.77. By March, the share price was down to $8.82, but today BB rests at around $11.50. Source: Shutterstock This recent volatility in BB stock has,
Social Capital Hedosophia Holdings Corp. IV (NYSE:IPOD) stock is another special purpose acquisition company (SPAC) that has all the advantages and risks of SPAC investing strategies. There’s potential for high returns, but at the same time quite a bit of risk. Therefore, let’s look at the main factors to consider when investing in IPOD stock.
It was yet another wild week in the market as tech stocks continued to lag while the S&P 500 rallied to new all-time highs. Source: Shutterstock We’ll analyze the broad action in today’s new episode of MoneyLine and I’ll highlight where I think stocks are heading next. But even more importantly, we’ll turn back the
It’s a been a weird first quarter for electric-vehicle companies, and Workhorse Group Inc. (NASDAQ:WKHS) is no exception. After spiking by more than 100% in early February, WKHS stock gave all those gains back and then some. Now for 2021, it’s down 11.5%. It’s as though someone swapped all those batteries for an army of
Salesforce.com (NYSE:CRM) announced strong earnings on Feb. 25 for fiscal year 2021, including 20% annual revenue growth. But the problem is that going forward, the company projects much lower earnings per share (EPS). In turn, this puts CRM stock on a high price-earnings (P/E) multiple and leaves it with no bargain element. Source: Bjorn Bakstad
The “Reddit Wars” didn’t end when GameStop Corp. (NYSE:GME), movie theater owner AMC Entertainment Holdings Inc. (NYSE:AMC), BlackBerry Ltd. (NYSE:BB), and other online message board favorites crashed in late January. Source: Shutterstock In fact, as of late, GameStop is making another huge surge. It’s back up to around $200 after falling from $500 to $60 earlier this year.
There are various reasons for asset markets trending higher after the novel coronavirus pandemic triggered correction. A key reason has been expansionary monetary policies and fiscal policy that supported and revived GDP growth. Easy money has also manifested itself in the form of inflation in various asset classes. As a broad asset class, commodities still
Bionano Genomics (NASDAQ:BNGO) is a San Diego-based instrument company that offers genome analysis equipment. It is not yet approved for diagnostic use, so it has limited sales. However, due to a number of recent capital raises, BNGO stock now has a $2.378 billion valuation, based on my calculations. This is incredibly high, and well over
What a week it has been — and it’s only Tuesday. Source: Shutterstock Just one day after falling into correction territory, the Nasdaq rallied 3.7% to record one of its best days since November. This isn’t the first time in history that the Nasdaq has quickly fallen 10% or more. I analyze the action for
Cobalt is commonly used in batteries like those used in electric vehicles, so as you can imagine, demand for it is increasing. The supply-and-demand dynamic for the metal is attractive, given that suppliers are having trouble keeping up with demand. Source: Nick Starichenko/InvestorPlace.com RBC Capital Markets analyst Tyler Broda sees cobalt as a positive driver
Much ado has been made about the Tilray (NASDAQ:TLRY) merger with Aphria (NASDAQ:APHA). Indeed, this merger will result in the combined entity being the largest cannabis producer in the world. Investors piled into TLRY stock aggressively since the merger was announced Dec. 16. Source: Jarretera / Shutterstock.com How aggressively? Shares of TLRY stock increased from
With oil prices rapidly rising and Tesla (NASDAQ:TSLA) weakening, Chargepoint’s (NYSE:CHPT) outlook has improved. As a result, after its recent pullback, CHPT stock looks even more attractive for long-term investors than in previous months. Source: David Tonelson / Shutterstock.com Meanwhile, I believe that Chargepoint could easily become a takeover target and that the company could
Is Now a Good Time to Invest in the Market? | InvestorPlace Skip to content Copyright © 2021 InvestorPlace Media, LLC. All rights reserved. 1125 N. Charles St, Baltimore, MD 21201. By Matt McCall, Editor, MoneyWire Mar 5, 2021, 4:54 pm EST March 8, 2021 [embedded content] Article printed from InvestorPlace Media, https://investorplace.com/moneywire/2021/03/is-now-a-good-time-to-invest-in-the-market/. ©2021 InvestorPlace
A global shortage of semiconductors is causing havoc around the world, particularly for automotive manufacturers and their shareholders. Volkswagen (ETR:VOW3), Toyota (NYSE:TM) and many other automakers have been forced to suspend production in the U.S., Europe and Asia due to a shortage of microchips that power everything from vehicle navigation systems to safety features such
The largest cannabis company in the world by market capitalization, Canopy Growth (NASDAQ:CGC) has been on a bumpy ride this past month. Since hitting a high of $56.50 a month ago, CGC stock is down to $30. Source: Shutterstock Despite recent periodic short-term gains, it appears CGC stock has lost some momentum over the past month.
International Business Machines (NYSE:IBM) has had a rough few years, and 2020 was no different. The lack of growth in revenues, earnings, and the stock price reflect its management’s defensive approach towards innovation. However, IBM stock still shows promise. Source: Laborant / Shutterstock.com The company’s new CEO Arvind Krishna could usher in a new era.
Kohl’s (NYSE:KSS) stock recently got a boost from investor activism. It got a second boost from strong Christmas quarter results. It’s getting a third boost from the waning of the pandemic. Source: Sundry Photography/Shutterstock.com But KSS stock isn’t yet priced like Five Below (NASDAQ:FIVE) or even Walmart (NYSE:WMT). Now at $55, Kohl’s has a market
Shares of Carnival Cruise Lines (NYSE:CCL) have climbed approximately 20% in the last month. That puts CCL stock within hailing distance of its pre-pandemic price. I understand that the market is forward thinking, but this seems to be an example of irrational exuberance. Source: Kokoulina / Shutterstock.com As of now, over 82 million Americans have
Call it a “meme stock.” Call it “over-hyped.” But, even as shares pull back, investors remain highly bullish on Ideanomics (NASDAQ:IDEX) stock. Does this mean you should jump in as well? Source: Nick Starichenko/InvestorPlace.com Not so fast. This former penny stock may be winning over investors with its transformation into an EV company. But, as