Churchill Capital IV (NYSE:CCIV), an electric vehicle SPAC (special purpose acquisition company) is reportedly (according to CNBC) very close to inking a deal with private luxury sedan electric vehicle (EV) maker Lucid Motors. CCIV stock has now spiked to $60 (as of Feb. 19), up over 218% in the past month. Source: Shutterstock The problem
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Tilray (NASDAQ:TLRY) just reported its Q4 and full-year 2020 earnings on Feb. 17. The most important news was that the company finally was able to achieve EBITDA (earnings before interest, taxes, depreciation,and amortization) profitability. This news, along with the upcoming merger with Aphria (NASDAQ:APHA), could push TLRY stock up over the next year. Source: Jarretera
Overall, “5G” could be one of hottest buzzwords of the year. And that, in turn, makes 5G stocks a major topic of discussion. After all, according to Cowen & Co. analyst Colby Synesael, it will “usher in this revolution and have a ‘game-changing’ impact on society. Certainly, there are already several technologies including artificial intelligence,
As the price of Bitcoin (CCC:BTC-USD) continues to climb, so does the price of Marathon Patent (NASDAQ:MARA) stock. The patent troll-turned-crypto miner has seen its shares soar more than 20-fold since November. But is this sustainable for MARA stock? Source: Shutterstock These gains have far outpaced even Bitcoin’s impressive run during the same period. As
Stocks were mixed today, with small caps leading the way higher while the large caps lagged behind. That was the theme of the week. But even as money rotated out of some of the hottest sectors, the major indices remain very close to all-time highs. Source: Shutterstock We’ll talk about the rotation we’re now seeing
It was an up-and-down session that’s now mostly flat for the S&P 500. Now, let’s look at a few top stock trades for next week, after this holiday-shortened stretch. Top Stock Trades for Monday No. 1: Boeing (BA) Four weeks ago, Boeing (NYSE:BA) tested down into its 21-week moving average, then caught a sharp bounce
The pandemic has forced many of us to change the way we shop these days, bringing more and more folks online to carry out their purchases. Source: Shutterstock Evidence for the growing trend was abundant during the holidays. For instance, e-commerce sales reached the $100 billion mark from Black Friday through Cyber Monday in 2020
It’s human nature to take things for granted, even if unintentionally. Source: Shutterstock Water comes out every time you turn on the faucet. Lights turn on every time you flip a switch – or command your voice assistant to turn them on. Only when those things we take for granted are taken away do we
As it closes in on its deal to merge with Lucid Motors, what’s next for Churchill Capital IV (NYSE:CCIV) stock? Retail investors aggressively bought this special purpose acquisition company (SPAC) on rumor. Should they sell on the news? Source: Shutterstock Yes. On one hand, with Lucid seen as an electric vehicle (EV) startup that could
For nearly two decades, my goal has been to find the next big winners in the stock market. Source: Shutterstock That does not mean taking on an inordinate amount of risk. I dig deep for stocks with a high probability to increase in value … and a high potential for huge gains. Stocks that can
New year, same old overpriced stocks. If you are a value investor, the current market may be a nightmare for you. However, there are some hot stocks out there that are trading at a discount. These are the names you should explore. This list is meant to give you a starting point for powering your
The rising e-commerce platform created by Shopify, Inc. (NYSE:SHOP) has been firing on all cylinders lately, and for good reason. Source: Burdun Iliya / Shutterstock.com Online buying and selling has accelerated through the pandemic as folks are forced to handle more of their shopping and small business needs online. Shopify, in particular, has moved fast to
AMC Entertainment Holdings Inc (NYSE:AMC) has been at the center of two of the biggest stock market stories in decades. The pandemic resulted in moviegoers avoiding theaters. At the same time, it disrupted the dynamics of the movie business, seeing streaming video services get early access to blockbuster films. As a result, AMC stock lost
On Jan. 20th, Hims & Hers Health (NYSE:HIMS) announced that it will begin trading on the New York Stock Exchange as HIMS stock. How? Well, the company did this by using a Special Purpose Acquisition Company (SPAC). That is, there was a merger into the shell company Oaktree Acquisition Corp. Source: Lori Butcher / Shutterstock.com
The blowout rally in Bitcoin (CCC:BTC-USD) continues. As I write this, the best-known and most-valuable cryptocurrency trades above $47,000, down modestly from an all-time high set on Thursday morning. Source: Shutterstock Bitcoin now has roughly tripled since November, and rallied more than 50% this year. And the optimism makes some sense. Notably, corporations are increasingly
With meme stocks, meme culture has finally hit Wall Street. What’s a meme stock? In short, a stock, popular with millennial-aged retail traders, that trades more on hype than its underlying fundamentals. This hype could be generated on Reddit’s WallStreetBets forum. It could also come from social media platforms like Twitter (NYSE:TWTR), or StockTwits. Meme
Controversial Palantir (NYSE:PLTR) stock is up 236% in three months, prompting overvaluation concerns. I have written a couple of times on the company. It’s no secret that I am bullish on PLTR stock, considering the business model and its client list. However, shares are trading at 303 times forward price-to-earnings, and there is no shortage
Lion Electric, which manufactures electric vans and buses, has agreed to merge with Northern Genesis Acquisition (NYSE:NGA) a special acquisition company (or SPAC), by the end of the current quarter. Given the high valuation of NGA stock, along with the tough competition that Lion will face, the fact that it has not yet made very
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
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