Daily Trade

A few weeks back, I said to fade the big rally in Sundial Growers (NASDAQ:SNDL). But now, after its pullback from 75 cents to 45 cents per share, there may be opportunity in SNDL stock for those with a high risk appetite. No, not due to the fact this penny stock has fallen further below

It’s been a few weeks since Airbnb (NASDAQ:ABNB) went public at $68 a share. Since then, Airbnb stock has jumped to $150, most of those gains coming on its first day of trading.  Source: BigTunaOnline / Shutterstock.com The short-term stay platform sold $3.74 billion in gross proceeds in its initial public offering. Theoretically, it could

Here in Canada, the Moderna (NASDAQ:MRNA) Covid-19 vaccine has made its way across the country, and as I write this with the most vulnerable expected to receive their first doses any moment. You would think the Moderna rollout in various countries around the world would be good news for MRNA stock, but the opposite appears

Airbnb (NASDAQ:ABNB) stock is coming back to earth after a blockbuster debut. Shares of the home-rental giant plunged 25% within a week of debuting. Source: Tero Vesalainen / Shutterstock.com However, Wall Street believes the stock could slump further. And with shares trading at a price-earnings ratio of 21.3x, can you blame them? Airbnb is not

There are less than 31 hours left in this crazy year. Source: Shutterstock That means we’re about to close the chapter on the first year of the Roaring 2020s and turn our attention to the second. I’m grateful to be alive and investing at this exciting time in our history, because I can’t wait for

The most popular cryptocurrency is undoubtedly Bitcoin (BTC), but for a very low-priced alternative, many traders tend to prefer Ripple (XRP). It’s a crypto coin with plenty of trading volume, and Ripple is widely respected by individual investors and some banks. Source: Shutterstock Investors need to understand something about Ripple, though. Because it’s low-priced, Ripple is prone to

The calendar says we’re about to change over from 2020 to 2021. Source: Shutterstock It’s about time. In many ways, this whole year feels like we’ve been in a time warp. So maybe it doesn’t sound so strange to say that the calendar could also show that we’re changing over from 1990 to 1991 —

With Wall Street warming up to Electrameccanica Vehicles (NASDAQ:SOLO) and the car maker indicating that the demand for its three-wheeled vehicle has been strong, I continue to recommend that longer-term investors buy SOLO stock. Source: Luis War / Shutterstock.com In recent weeks, a number of research firms have issued glowing notes on SOLO stock. And

The current year has been active for the initial public offering (IPO) market. As a matter of fact, three of the ten biggest technology IPOs have happened in fiscal year 2020. That said, this includes the December 2020 IPOs of DoorDash (NYSE:DASH) and Airbnb (NASDAQ:ABNB). And they are some of the best IPOs of 2020.

Data analytics firm Palantir Technologies (NYSE:PLTR) is one of the most fascinating tech companies on the market today. And judging by the heavy daily trading volumes, it appears that the interest in PLTR stock is on the rise. Source: Sundry Photography / Shutterstock.com To sum it up concisely, Palantir Technologies is a big-data mining company that

When Wish parent ContextLogic (NASDAQ:WISH) stock had its IPO on Dec. 16, many expected shares to pop. Investors have been so starved for pandemic-proof investments that even weaker tech firms have managed 80% first-day gains. Imagine their surprise when Wish instead sagged 10% on opening day. Source: sdx15 / Shutterstock.com To me, that makes Wish’s

I know we haven’t flipped the calendar to 2021 yet, but I have a pretty good idea what the big story next year will be. Source: Shutterstock You probably do, too, if you think about it. The devastating pandemic has to be the story of 2020. And from it comes what has a good chance

Without a doubt, 2020 could easily be called the “year of electric vehicles.” Yet not all companies in this space have been treated equally. Hyliion (NYSE:HYLN), which is seeking to commercialize long-haul electric trucks, seems to get left out of the conversation as HYLN stock can’t get steady respect from traders. Source: Shutterstock As you may

I’ve been skeptical toward Landcadia Holdings II (NASDAQ:LCA) stock for some time now. Of late, the market has disagreed. Indeed, LCA stock has posted a nice rally since late October. It’s nearly doubled over that stretch, from under $12 to a current price over $23. Source: Stokkete/ShutterStock.com From a distance, there’s some logic to the

Of the five so-called “Cloud Czars,” or tech companies that own their own cloud computing centers, the quietest is Microsoft (NASDAQ:MSFT) and Microsoft stock. Source: The Art of Pics / Shutterstock.com Small wonder that they’re the one big tech company Citicorp thinks can outperform next year. This is one of its analysts’ best ideas for 2021.

In a year filled with amazing revelations, Wall Street managed to steal some of the spotlight. Specifically, 2020 saw the rise in popularity of special-purpose acquisition companies (SPACs). These corporations look for budding opportunities. In the process, they bring private companies to Wall Street without the hassle of an IPO (more on that later). This

After its recent IPO, you can say DoorDash (NYSE:DASH) stock is turning into a case of Main Street bulls versus Wall Street bears. That is to say, many may be interested in buying the food delivery company’s shares, given its novel coronavirus tailwinds. Source: Sundry Photography / Shutterstock.com But citing valuation concerns, some investing professionals

By now, most investors are probably inundated with information regarding special purpose acquisition companies or SPACs for short. I’ve mentioned this before and I’ll mention it again: I’m tired of writing about them. But Hennessy Capital Acquisition Corp IV (NASDAQ:HCAC), which is scheduled to merge with electric vehicle firm Canoo, is worth examining. Yeah, HCAC

Too often, the burgeoning technology sector gets a bad rap for its disruptive tendencies. Most commonly, we hear tales of e-commerce firms displacing brick-and-mortar businesses. Typically, we don’t hear the other side of the coin, where companies like PayPal (NASDAQ:PYPL) leverage their innovative platforms for the greater good. This is one of the key, underappreciated

Cybersecurity used to mean just running McAfee antivirus software on your desktop computer. Source: Shutterstock That’s not true anymore. Cyberattacks are no longer the result of clicking on a rogue link in a suspicious email. Now they occur on a global scale, and they are the subject of coverage from all major news outlets. In