If you’re getting tired of this year’s market phenomenon — the special purpose acquisition company (SPAC) — you’re far from the only one. In fact, if it makes you feel any better, I’m tired of writing about it. But for the sake of thoroughness, we have to talk about CIIG Merger (NASDAQ:CIIC). Over the past few
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I am lucky that I get to write about investing in Moderna (NASDAQ:MRNA) stock on the day after the FDA panel approves its Covid-19 vaccine for emergency use. I expected to be writing about a buying frenzy this morning, but it’s not so much. In fact Moderna stock fell after hours on the headline. Source:
On principle and devoid of any other context, Ideanomics (NASDAQ:IDEX) offers a compelling concept. As a business conglomerate investing in the electric-vehicle (EV) and battery-charging markets (along with exposure to the raging hot blockchain sector), the organization is certainly relevant. But the main challenge for IDEX stock is that it’s a narrative play. Source: nrqemi
With less than two weeks left in this crazy year, it’s time to turn our focus to the future. Source: Shutterstock Longtime MoneyWire readers know that I believe the Roaring 2020s will be a decade for the record books. And after everything the first year of the decade threw our way, 2021 is shaping up
The last time I wrote about Advanced Micro Devices (NASDAQ:AMD) was in mid-October. At the time, I argued that the company should use AMD stock for the entire Xilinx (NASDAQ:XLNX) acquisition, which at the time was still only a possibility, and not a sure thing. Source: Sundry Photography / Shutterstock.com Lo and behold, Chief Executive
Canoo may have unveiled a new electric delivery van today, but shares of Hennessy Capital (NASDAQ:HCAC) were not driving higher. In fact, HCAC stock actually closed out Thursday down by more than 5%. So what do investors need to know ahead of the Canoo SPAC merger? And is the downturn in HCAC stock reversible? Source:
Do you have a pair of scissors handy? You may need them, as news today looks like further evidence that it is past time to cut the cord and embrace streaming TV plays. On Thursday afternoon, FuboTV (NYSE:FUBO), a smaller player in the space, is up big. So what is behind the move in FUBO
The novel coronavirus pandemic accelerated the development of countless preexisting trends. Key among them was the rise in food-delivery app usage. Only the acceleration this year was less about pure convenience and more due to indoor dining restrictions. As such, it should be no surprise that the DoorDash (NYSE:DASH) initial public offering (IPO) — and
DoorDash Inc (NYSE:DASH) may not even be overvalued, even after its dazzling IPO performance last week. DASH stock ended last week at $175 and had a market capitalization of $55.6 billion, after raising $3.366 billion for the company at $102 per share. Source: Sundry Photography / Shutterstock.com This is based on 317.656 million shares now
Last week, new tech IPOs made a lot of headlines. Source: Shutterstock DoorDash Inc. (NYSE:DASH) soared 86% on Wednesday in its first day of trading. Airbnb Inc. (NASDAQ:ABNB) more than doubled during its Thursday initial public offering. And then those stocks quickly dropped as analysts expressed skepticism about those big rallies. This isn’t an isolated phenomenon. According
Electric-vehicle stocks are on a bull run of epic proportions. In 2020, Tesla (NASDAQ:TSLA) and Nio (NYSE:NIO) stock, the two biggest players in the space, have soared 650% and 960%, respectively. Source: Sundry Photography / Shutterstock.com I have always been extremely bullish on Nio. At this stage, my only concern is its valuation because the
After six years in business, Zoox has revealed its first vehicle. And importantly for investors, this means that the first robotaxi for Amazon (NASDAQ:AMZN) could be just around the corner. Remember, Amazon acquired the self-driving vehicle startup over the summer. So what do investors need to know about the Zoox autonomous EV? And what does
It’s not every day that you have a chance to invest in a company that might actually be in the history books someday. Virgin Galactic (NYSE:SPCE), founded by billionaire Richard Branson, is preparing for its first powered test flight, and SPCE stock traders are definitely getting excited. Source: Christopher Penler / Shutterstock.com They’re so excited, in
We’re all ready for a new year. Source: Shutterstock And after sitting down with my InvestorPlace colleague Louis Navellier earlier this week and sharing our viewpoints on what 2021 has in store for us, we couldn’t be more excited. The future holds a lot — plenty of opportunities and dangers alike. But by putting together
Mind Medicine (OTCMKTS:MMEDF) may currently trade over the counter for investors in the United States. However, thanks to a series of recent news items, MMEDF stock is on the move Friday. So what do investors need to know about the up-and-coming psychedelics play? Source: Shutterstock To start, what exactly is MindMed? Well, the biotech company
Lyft (NASDAQ:LYFT) hasn’t managed to catch much of a break since its initial public offering (IPO) on March 28, 2019. Since then, Lyft stock has been repeatedly walloped to the point that it is down 40% post-IPO. But, more than a year later, has the popular ride-sharing company’s luck finally improved? Source: Tero Vesalainen /
American Airlines (NASDAQ:AAL) is taking part in the vaccine rally. Shares of AAL stock are up more than 38% over the last 30 days. And although there’s been other news, I have to believe it’s mostly due to the hope that stems from multiple novel coronavirus vaccine candidates. Source: GagliardiPhotography / Shutterstock.com But American knows
If there’s one thing we can all agree on right now, it’s that we’re ready for 2021. Source: Shutterstock This year has been one of surprises — most of them unpleasant. It seems forever ago now, but 2020 actually got off to a great start. The Dow rose to an all-time high in the first
Prospects may be improving for pot stocks. But, this alone is hardly reason to buy Tilray (NASDAQ:TLRY). After soaring after election day, Tilray stock pulled back. And with good reason. While the incoming U.S. presidential administration wants to decriminalize marijuana, full on legalization/commercialization remains years away. Source: Jarretera / Shutterstock.com Until laws are changed on
Recent days have been tough for Nio (NYSE:NIO), but the Chinese electric vehicle company was turning things around on Thursday. In fact, NIO stock closed out regular trading up 2.75%. However, that all changed thanks to an after-hours announcement. So what do investors need to know right now? Source: Robert Way / Shutterstock.com Essentially, Nio