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
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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
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