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
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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
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
It’s no secret that green energy stocks are red hot, with some green energy plays soaring as high as 400% since March 2020. And solar is set to continue to beat the broader market. Joe Biden has pledged $2 trillion to renewable energy — a move that is set to send the value of specific
Lately, the stock market is on fire. Despite a pandemic, the S&P 500 and the Dow Jones Industrial Average are setting new records. A lot of the positive momentum is due to electric vehicle (EV) stocks and alluring SPAC plays. However, that doesn’t mean there aren’t other sectors worth exploring. Case in point? 3D printing. You
In mid-December, InvestorPlace’s Todd Shriber recommended three electric-vehicle (EV) charging station stocks. One of them was Switchback Energy (NYSE:SBE). As I write this, it’s trading near $40. That’s 300% higher than its July 2019 initial public offering (IPO), which suggests SBE stock might not be the best bet of the threesome. Source: Michael Vi /
In the last week of January, the SPDR S&P 500 Trust ETF (NYSEARCA:SPY) gave bulls a real startle. Investors saw the SPY quickly unwind, falling 4.5% in four days. Coming into that stretch, there were some warning signs and certainly some reasons why larger investors might have been unwinding their positions a bit. Source: Shutterstock
Now that Microvast has confirmed that it has an agreement in place to combine with Tuscan Holdings (NASDAQ:THCB), it’s time to start looking at the possibilities created by this merger. On the face of it, an investment in THCB stock looks like a good bet. Source: Alexandru Nika / Shutterstock.com The electric vehicle (EV) market
From time to time, it’s nice to have an uneventful day in the market when volatility is low and stocks don’t make any big moves. Today was one of those days — and I’m more thankful than usual. Source: Shutterstock I spent the holidays in Nicaragua … and then I extended my trip … and
One look at ContextLogic (NASDAQ:WISH) and I get the distinct impression that it’s anything but a retail e-commerce site. Its business is so hard to define; I have a tough time understanding why anyone would invest in WISH stock. Source: Shutterstock If there’s one business that I can understand quickly, it’s retail. My dad spent
Along with the pandemic, 2020 will be remembered on Wall Street as the year of electric vehicle (EV) and alternative energy stocks. For instance, the International Energy Agency is planning soon to reveal the world’s first global roadmap to net-zero emissions by 2050. And EVs are poised to play a central role in this global
After debuting at $20 per share, a premium price for a special purpose acquisition company (SPAC), shares of Pershing Square Tontine Holdings (NYSE:PSTH) look to be trading in a range. Like expectant parents, traders in PSTH stock are waiting for the white smoke to finally billow from Bill Ackman’s chimney announcing that the SPAC has
Overall, if there is insider buying, it could be a bullish sign for a company’s stock. Insiders have access to confidential information. Unfortunately, some insiders have used this information to gain an advantage over members of the public who do not have access to it. For example, if an insider may knows news is about
The resurgence of special purpose acquisition companies (SPACs) has created some of the markets hottest opportunities, such as Pershing Square Tontine (NYSE:PSTH). Set up by Bill Ackman of Pershing Square Capital, PTSH has already rallied from a low of $21.88 to a recent high of $31.21. Source: Shutterstock Shortly after, it would pull back to
On Nov. 10, Zomedica (NYSEAMERICAN:ZOM) closed at about 8 cents. Now, only a few months later, ZOM stock trades at around $1.90. Source: didesign021 / Shutterstock.com In other words, the stock has gained over 2,600% in just the past three months. That is a massive, massive rally. Now, the fact that it has soared doesn’t
After Quantumscape (NYSE:QS), dropped nearly 57% over the past month, the solid-state lithium-metal battery maker looks as if it is close to fair value. QS stock may worth watching for dips. Source: Tada Images / Shutterstock.com Two weeks ago, when I wrote that it was overvalued, QS stock was down almost 19%. I said Quantumscape
Investors freaked out last week as the S&P 500 fell 3.5% from an all-time high. Source: Shutterstock Investors freaked out last week as the S&P 500 fell 3.5% from an all-time high. But not us. Regular and loyal MoneyWire readers know that pullbacks happen all the time … and we welcome them with open arms.
Tilman Fertitta, the billionaire owner of the NBA’s Houston Rockets and fresh off taking Golden Nugget Online Gaming (NASDAQ:GNOG) and GNOG stock public, is back with an even bigger deal. Source: Maridav/Shutterstock, Inc. On February 1, Fertitta Entertainment announced that it would merge with FAST Acquisition (NYSE:FST), a special purpose acquisition company (SPAC), in a