After much fanfare since its de-SPACing, Paysafe (NYSE:PSFE) is now trading below its initial $10 price. The stock reached its current price level of almost $8 after entering a downtrend from its highs of $18 in the beginning of the year. PSFE stock continues to be inside this downward trading channel. I believe that there
Stocks to buy
I hate to be the bearer of bad news, but it’s hard to find fans of Nashville-based SmileDirectClub (NASDAQ:SDC) nowadays. To a certain extent, that’s because SDC stock has been declining for most of 2021. Source: Helen89 / Shutterstock.com Admittedly, I’ve taken SmileDirectClub to task for the company’s mounting debt load. Meanwhile, InvestorPlace contributor Larry
Watch out — there’s a brand new cryptocurrency mining play on Wall Street. It’s Stronghold Digital Mining (NASDAQ:SDIG), which just recently introduced SDIG stock to the public for trading. But is this stock worth buying? Source: Shutterstock Maybe you have a cryptocurrency portfolio and want to add a miner or two to the mix. That’s
Given the potential, tremendous benefits of Cassava’s Alzheimer’s drug for millions of patients and the high probability of the drug being approved, I believe that Cassava Sciences (NASDAQ:SAVA) stock is vastly undervalued. Source: Pavel Kapysh / Shutterstock.com Additionally, my calculations indicate that the shares could easily soar over 200x after the company’s Alzheimer’s treatment, simufilam,
Ahead of Intel’s (NASDAQ:INTC) recently posted third-quarter results, the stock rallied, in accordance with its tradition. INTC stock rose steadily from $52 to $56 ahead of its earnings, only to plunge and close below $50 after the results were released. Source: Kate Krav-Rude / Shutterstock.com Why did investors bet that Intel would beat analysts’ average
As the price of crude oil continues to hit multi-year highs, the Street is staunchly focused on energy stocks these days. The oil and gas rally continued during the third quarter, implying stronger margins and cash flows for the category. According to the U.S. Energy Information Administration (EIA), “Brent crude oil spot prices averaged $74 per
Pinterest (NYSE:PINS) has fallen a good deal since my last article and indeed seems to be at a low for the year. This is probably not justified, especially since its upcoming third-quarter earnings release will likely show positive free cash flow (FCF) as in Q1 and Q2. As a result, I expect to see PINS stock
As the world moves towards cleaner power sources, FuelCell Energy (NASDAQ:FCEL) is one of the most ambitious providers of environmentally friendly fuel cell systems. At the same time, FCEL stock is still surprisingly affordable. Source: Kaca Skokanova/Shutterstock Admittedly, the share-price bump of January and February may have been an instance of “too far, too fast.”
Is the recent pullback in Cassava Sciences (NASDAQ:SAVA) a sign that it’s time to give up on this risky biotech play? Or, is it an opportunity to enter and/or add to a position in SAVA stock, at a more favorable price? Source: Pavel Kapysh / Shutterstock.com I would say the latter. Yes, this is a very
ContextLogic (NASDAQ:WISH) has been under severe selling pressure in 2021, declining 71% and trying to find a bottom as it bounced off a level beneath $5. Trying to catch a falling knife or have success in bottom fishing in stock investing is too risky. ContextLogic delivered poorly in its second-quarter 2021 earnings report in summer. With
DraftKings (NASDAQ:DKNG) stock has underperformed, remaining sideways so far in 2021. Elsewhere in the market, cryptocurrencies have been providing multi-fold returns at the blink of an eye. In such a scenario, investors seem to have less patience with trades like DKNG stock and favor cryptos instead. Source: Tada Images / Shutterstock.com However, it would be
After a small stint in September of harsh investor sentiment on Wall Street, the indices made new highs. I had maintained a positive opinion and shared stocks to buy throughout the malaise. Today’s message is more of the same, but with three new tickers that just fell on hard times. I still focus on quality
Another step in Lucid (NASDAQ:LCID) global expansion took place on Oct. 14. The luxury electric vehicle brand opened its first Canadian studio in downtown Vancouver. It’s now ready to take reservations for Canadians eager to plunk down 105,000 CAD for the Lucid Air Pure. As the company takes its show on the road, owners of
Let’s be honest. Not every investor loves Chinese companies and stocks right now. Perhaps some investors saw what happened to ride-hailing giant Didi Global (NYSE:DIDI). As a result, maybe they’re afraid to take a position in China-based electric vehicle (EV) maker Xpeng (NYSE:XPEV) because XPEV stock might also tank. Source: Johnnie Rik / Shutterstock.com Yet let’s not
Yesterday, Hertz Global Holdings Inc. (HTZZ) announced plans to buy 100,000 electric vehicles (EVs) from Tesla. Investors seized on this unexpected news to boost Tesla’s market cap over the $1 trillion mark. As I write this, the stock price is also still strutting its spectacular trillion-dollar valuation. “[Hertz’s purchase is] the single-largest purchase ever for
One great way to get exposure to the solid-state electric-vehicle (EV) battery market is through a long position in QuantumScape (NYSE:QS). However, investing in its shares will require patience as QS stock can’t seem to get off the ground lately. Source: Michael Vi / Shutterstock.com Staying the course with QuantumScape requires a very forward-looking vision. Essentially,
Investors in ViacomCBS (NASDAQ:VIAC) will be watching the company’s third-quarter earnings release on Nov. 4 to see how well its free cash flow (FCF) performs. This could have a major effect on the VIAC stock price. Source: Jer123 / Shutterstock.com That could not happen at a better time, since the stock is at a six-month
ContextLogic (NASDAQ:WISH) is an e-commerce company that owns an online e-commerce platform, Wish.com, with 90 million monthly active users. Due to the Covid-19 pandemic hit, many people were left with no other choice but to rely heavily on e-commerce companies for food and necessities—driving WISH stock up. Source: sdx15 / Shutterstock.com Once lockdown restrictions eased
Navigating the stock market is a difficult task for the inexperienced. The first step in making a successful trade is understanding how prices work and what they represent. However, one of the best approaches you can take is seeking out high-upside stocks. It is a value investing approach. A good value investor looks for companies
Fubo (NYSE:FUBO) stock is too wild given how stable the concept of streaming has become. Netflix (NASDAQ:NFLX) did all the hard work and established the trend for the future. Disney (NYSE:DIS) picked up the baton and is expediting the pace forward. For that reason, FUBO stock will do well along with a bullish market. Source: