NIO’s (NYSE:NIO) relentless uptrend, which accelerated in the last few months, is showing no signs of fatigue. Nio stock is benefiting from several stock sales and convertible notes offering. The cash raised is not hurting Nio stock yet. Demand for the hot stock gives the company many more opportunities to strengthen its balance sheet. Source:
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If I had $1 million to invest in the stock market, I would have no issue with buying Amazon (NASDAQ: AMZN) stock as I count my theoretical fortune aboard my equally imaginary yacht cruising the Caribbean to my imaginary private island. Source: Hadrian / Shutterstock.com However, since I am not made of money, there are any
In this market, many tech stocks have reached dizzying valuations. Teladoc (NYSE:TDOC) is trading at 23 times its trailing sales, The Trade Desk’s (NASDAQ:TTD) comparable multiple is 52, while Shopify (NYSE:SHOP) and Nio (NYSE:NIO) weigh in at 59 and 35, respectively. For tech investors looking to avoid those dizzying heights that can lead to intense
Companies like Electrameccanica Vehicles (NASDAQ:SOLO) are trying to ride on Tesla’s (NASDAQ:TSLA) coattails with their electric vehicles (EVs). However, SOLO shares have cratered from their 52-week high of $13.60 per share down to single digits. Nevertheless, the stock remains highly inflated. Competition in the broader EV space is heating up. And even though Electrameccanica has a
There is no doubt that Tesla’s (NASDAQ:TSLA) cars grab attention on Main Street. However, the fringe of its stock fans are more finicky. They fall in and out of love with Tesla stock rather quickly. Case in point? Two days ago, everyone loved TSLA and then management reported earnings. They missed one mark by a
The hottest investment of 2021 is on track to be the same as the hottest investment of 2020. Source: Shutterstock In fact, the reemergence of the Special Purpose Acquisition Company — or SPAC — may have been the most significant investment story of last year. If January is any indication, this fire is still burning
With electric cars now going mainstream, autonomous vehicles are the next big bet on the future. Advanced sensor technology like lidar has been seen as one of the keys to self-driving technology. However, not everyone agrees. Israeli automotive sensor technology company Foresight Autonomous Holdings (NASDAQ:FRSX) is betting against both lidar and radar. Instead, the company
The news spread everywhere by Monday — GameStop Corp. (NYSE:GME) was the most traded stock on financial manager Fidelity’s trading platform. Source: Shutterstock Everyday traders have been piling into the stock, while Wall Street insiders with massive short positions that assumed it would fall have been getting clobbered. As you can see in the chart
Amazon (NASDAQ:AMZN) was uniquely positioned to take advantage of the pandemic. The rapid increase in online shopping has been a huge boost to the company. With coronavirus vaccines now being distributed, are Amazon shareholders going to feel a letdown? Don’t count on it. In fact, Amazon stock just got a big price target increase, with a
It was somewhat of a mixed day on Wall Street with the major indices little changed. Source: Shutterstock But don’t let that fool you. Below the surface we’re seeing important breakouts in certain sectors. And elsewhere, pullbacks are creating strong long-term opportunities. On today’s new episode of MoneyLine, we’ll start by diving into one of
The start of the year is the time for predictions, and why shouldn’t those predictions be bold ones? After the past 12 tumultuous months, it’s nice to take a deep breath and think about what is likely to happen in the coming year, especially in the fast-moving and often volatile technology sector. Plus, tech stocks
As companies in the electrical vehicle sector go, Hyliion Holdings Corp. (NYSE:HYLN) is something of an outlier on 18 wheels. Unlike the many outfits that build cars, vans and SUVs from scratch, Hyliion takes diesel trucks and transforms them into hybrids or EVs. That makes HYLN stock one of the few investments that combines trucking
Many politicians, government officials, and members of the media are misleading you about the COVID-19 vaccines. Source: Shutterstock They’re not stretching the truth about the effectiveness of the vaccines, however. Just the opposite, in fact. They’re downplaying the effectiveness of the vaccines — and emphasizing what they might not do. While virtually every vaccine out there
Moderna (NASDAQ:MRNA) stock is down 3.8% in one month. That’s not surprising. Bulls are booking profits after a massive year for the biotech company. Shares are still up 94.5% in the last three months, though. Hence, the fall in Moderna stock has more to do with technical selling pressure than its outlook. Source: Ascannio /
Remember the 2014 Tom Cruise film Edge of Tomorrow? Source: Warner Bros. Great flick. If you haven’t seen it and are into science fiction movies, I highly recommend giving it a watch. In any event, the movie centers around Cruise playing a solider who uses a supercharged, futuristic military exoskeleton to help fight off an
If 2020 was the year that all things e-commerce leaped to the fore, then you have to wonder whether someone forgot to tell the folks at China’s Alibaba Group (NYSE:BABA). For while shares of Amazon (NASDAQ:AMZN) killed it, spiking some 74%, those who held BABA stock saw share prices rise very modestly. The S&P 500
Switchback Energy (NYSE:SBE), which will trade as ChargePoint under the ticker CHPT starting next month, is reportedly the unquestioned leader in electric-vehicle charging. That’s why some feel like SBE stock is a no-brainer investment. Source: Michael Vi / Shutterstock.com But is it? As the merger between the special purpose acquisition company (SPAC) and the California-based
Shares of special purpose acquisition company Churchill Capital Corp IV (NYSE:CCIV) have been soaring over the past two weeks on rumors that the company is set to acquire premium EV maker Lucid Motors. Such murmurs have been neither confirmed nor denied by either Churchill Capital or Lucid Motors. Still, CCIV stock has more than doubled
It sounds like a Jeopardy question, or I should say answer … Source: Shutterstock Three “S” industries that can make you rich. What are space, supersonic air travel, and SPACs? The fact that they all start with the same letter may be a coincidence … but it’s no coincidence that they’re the focus of today’s
Ocugen (NASDAQ:OCGN) is a biotech firm that is trying to stay relevant with its latest partnership with an Indian Covid-19 vaccine developer, Bharat Biotech. OCGN stock has risen from well below $1.00 per share at the end of last year to $2.23, as of Jan. 20. Source: Shutterstock The problem is this is a very