To say that that I have some concerns about Kaixin Auto Holdings (NASDAQ: KXIN) is an understatement. Indeed, the thought of buying KXIN stock gives me the same feeling in the pit of my stomach when I am under a lot of stress or ate something that I should have avoided. Source: lumen-digital / Shutterstock.com
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Los Angeles-based electric vehicle startup Canoo (NASDAQ:GOEV) began trading on Dec. 22 after completing its SPAC (special purpose acquisition company) merger with Hennessy Capital Acquisition IV. GOEV stock opened at $22.75. It has since lost 38% of its value. And that has a lot of investors paying attention. Source: Shutterstock Like many EV stocks, Canoo’s
Recently 400 employees at Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) formed a union (this was through the Communications Workers of America Local 1400). For the most part, the impact on Google stock is likely to be minimal – at least in the short-run. Keep in mind that the company has more than 260,000 employees. And of course, this
2021 is going to be a better year than 2020. That’s particularly good news for American Airlines (NASDAQ:AAL). After all, 2020 was an unsurprisingly ugly year for AAL stock. The novel coronavirus pandemic shut down the airline industry worldwide. Source: GagliardiPhotography / Shutterstock.com In the second quarter, American’s revenue declined 86% year-over-year. On an adjusted
I like a good friendly wager as much as the next guy … and I already won my first bet of 2021! Source: Shutterstock This wasn’t your typical bet, like whether my Philadelphia Eagles would beat The Washington Football Team last weekend. (Don’t get me started on that one.) And while I never gamble when
In the month since Airbnb’s (NASDAQ:ABNB) IPO one thing is fairly clear: Airbnb stock was perfectly priced and there looks to be little reason to buy now. Source: BigTunaOnline / Shutterstock.com Many of my colleagues at InvestorPlace expressed the idea that Airbnb shares are likely to have a bright future. Those same colleagues also readily
If you only read the headlines and watch the primetime news channels, you might think that the market was down bigtime this week. Let me bring you back to reality … Source: Shutterstock The exact opposite is true. The three major stock indices hit all-time highs even in the face of a historic week for
The biggest thing that’s changed since I wrote about Hyliion Holdings (NYSE:HYLN) in November is that the electric vehicle (EV) bubble has begun to lose a little air. However HYLN stock was punished more than most. That’s not a surprise. It was getting very crowded in the EV sector. Source: Shutterstock Furthermore, Hyliion was entering
When gold was discovered at Sutter’s Mill in the 1850s, thousands upon thousands of people rushed to California hoping to strike it rich. Source: Shutterstock Some got lucky and did. Most did not. A few very smart folks made their fortunes another way — by selling basic goods to the miners. You may not have
A popular “backdoor” method of going public, the SPAC or special purpose acquisition company featured heavily throughout 2020. And 2021 looks to continue the momentum with Tuscan Holdings Corp (NASDAQ:THCB), which aims to merge with Microvast, an advanced lithium-ion battery maker headquartered in Texas with its manufacturing center in China. Can THCB stock charm investors
“Time is money.” Source: Shutterstock It’s as true now as when Ben Franklin wrote that back in 1748 in his essay, Advice to a Young Tradesman. It takes time to compound your money and multiply your wealth. On the other hand, time spent out of the market often (usually!) results in lost profits. And here’s
Shares of leading lidar-sensor maker Luminar Technologies (NASDAQ:LAZR) were up almost 89% in December. LAZR stock still has a lot of volatility in its future, though. Source: Shutterstock Luminar recently completed its merger with blank-check company Gores Metropoulos raising almost $600 million in proceeds. The deal will speed up the commercialization of Luminar’s lidar-sensor technology
Happy New Year! Source: Shutterstock I hope everyone had a wonderful holiday season and got the chance to safely see some loved ones and relax. I know I did, and now I am ready to face 2021 head on. A new year brings new opportunities … opportunities in the stock market and in many areas
Luckin Coffee (OTCMKTS:LKNCY) has been moving up ever since the Dec. 17 report was published from the company’s joint provisional liquidators (JPL). Since then LKNCY stock has been spiking. I believe that it could go much higher from here. Source: NewsToday / Shutterstock.com At one point the stock went from $3.74 before the report to
Not too long ago, I offered a very strong buy recommendation for next-gen, solid-state battery maker Quantumscape (NYSE:QS). At the time, QS stock was trading at $65 and change. Source: nrqemi / Shutterstock.com Five days later, the stock shot up to its all-time high price of $132.73. But to be honest, I think I got lucky
Short-term rental platform Airbnb (NASDAQ:ABNB) stock has recently made an impressive entrance to Wall Street. ABNB stock’s initial public offering (IPO) of Dec. 10 was one of the most widely-followed IPOs of 2020. Source: BigTunaOnline / Shutterstock.com The company initially set its opening price at $68 per share, but ABNB shares opened at $146 on
If there was ever coverage on a particular company that could be classified as almost exclusively low-hanging fruit, DoorDash (NYSE:DASH) would be it. Frankly, when you peruse the blogosphere, everyone’s writing the same article: DoorDash stock enjoyed the benefits of a supercharged initial public offering but once the euphoria fades, shares will crumble. Great but
Moderna (NASDAQ:MRNA) is reaping the rewards of its successful Covid-19 vaccine, pushing MRNA stock higher and higher. It is now winning more contracts to deliver its vaccine and analysts are taking note. Source: Ascannio / Shutterstock.com And the stock has been climbing. Especially since the FDA approved its Covid-19 vaccine on Dec. 18 for emergency
Once we get back to normal, one of the technologies you should truly advantage is global air travel. Having visited many parts of the world, I’ve gained an education that you can’t get from textbooks. And one of the lessons I’ve learned is that when it comes to foreign policy, Americans are probably the most
It’s been about two years since Moderna (NASDAQ:MRNA) came public. The company raised $604 million at a $7.5 billion valuation. But the first-day return for MRNA stock was a dud. The return was an awful -19%. Source: Ascannio / Shutterstock.com At the time, there were concerns about the vaccine market, which has traditionally been challenging.