Since coming public via a direct listing in September, Palantir Technologies (NYSE:PLTR) has been on a wild ride. Consider that PLTR stock has gone from around $10 to a high of $45. Source: Sundry Photography / Shutterstock.com But lately, things have gotten choppy. Consider that PLTR stock is now trading at $23.96, with the market
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After a long drought, Gevo (NASDAQ:GEVO) has seen its shares surge in value over the past four months. Reduced to penny stock status last summer, GEVO stock suddenly caught fire in November. After closing at $14.61 on Feb. 12, shares in this biofuels company gained 1,390% since Election Day. President Joe Biden’s green energy plan is
A lot of people claim to be the #1 Stock Picker in America… But few can back it up like Luke Lango. He’s #1 according to one of the most widely recognized financial ratings companies in the world. He beat out nearly 15,000 experts to claim that title. Luke’s the guy who uncovered peak gains
Hyliion (NYSE:HYLN) announced its earnings on Feb. 23, showing that the company had installed 20 truck hybrid electric vehicle (EV) units in 2020 as expected. But HYLN stock will move up or down in 2021 depending on how well it executes its commercialization plan. Source: Shutterstock This execution has to occur in 2021. HYLN will
The S&P 500 closed within a few ticks of all-time highs on Wednesday before taking a hit the next day. But it sure doesn’t feel that way for investors who have been making consistent money in high-growth sectors and stocks. Source: Shutterstock On today’s new episode of MoneyLine, I dive into the recent pullback in
Special purpose acquisition companies are one of the hottest trends on Wall Street right now. And there’s no one hotter than Chamath Palihapitiya, the so-called King of SPACs. Social Capital Hedosophia IV (NYSE:IPOD) is one of Palihapitiya’s suite of six different SPACs. And, so far, IPOD stock is off to a good start. It’s jumped
Clover Health Investments Corp. (NASDAQ:CLOV) has fallen to $9.71 as of Feb. 24 from $15.90 on Jan. 8 when its SPAC (special purpose acquisition company) merger closed. On Feb. 4, Hindenburg Research came out with a scathing research short report on CLOV stock and its founders and promoters. Source: Shutterstock I believe that the stock
With earnings season winding down, it’s time to look at what the results portend for a list of hot stocks that I believe are worthy of investment now. The results show that the fourth quarter of 2020 is the first final period since Q4 2019 to show year-over-year earnings growth. More S&P 500 Index companies
Microsoft (NASDAQ:MSFT) is firing on all cylinders. But MSFT stock still looks expensive. Source: Shutterstock Microsoft opened for trade Feb. 24 at about $230 per share. That’s a market cap of roughly $1.75 trillion on estimated fiscal 2021 revenue of $164.2 billion. The trailing price-earnings ratio is near 35. There’s nothing wrong with the company.
Wary investors will continue to characterize the rising stock market as a bubble ready to pop. That is wholly untrue, to some extent. A stock sector bubble is a better characterization, in light of recent market pops and drops. In January, GameStop’s (NYSE:GME) peak to $483 created a once-in-a-lifetime lift that caught short-sellers completely off
Over the weekend, I was doing research on large-cap stocks and noticed an important detail: buying pressure is dissipating on otherwise good stocks with positive sales and earnings. Source: madamF / Shutterstock.com One example right now is Facebook (NASDAQ:FB). In its fourth-quarter announcement on January 27, the company reported earnings of $3.88 per share, which was
New Brunswick-based cannabis company OrganiGram (NASDAQ:OGI) recently made news when it appointed Marni Wieshofer as its first U.S.-domiciled director. While it did little to move OGI stock, the appointment deserves closer scrutiny. Now before you get all accusatory about my implication, it’s not for the reason you think. While I don’t know Ms. Wieshofer, her
Many analysts believe the stock market is about to go lower. They cite the recent bubble characteristics that are occurring in different areas of the market as proof. These include the GameStop (GME) frenzy, the parabolic rally in penny stocks and the cryptocurrency craze. All stock market peaks have common characteristics, and one of them is
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
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