Ocugen (NASDAQ:OCGN) stock is up from a near-term trough of $5.24 on April 20, and $6.13 on June 14 to $7.59 as of Aug. 31. But this gain is not as much as I predicted in my previous article on OCGN stock, where I suggested it was worth $8.08. Source: Shutterstock This implies that it still
Stocks to buy
Broader markets have been celebrating new record highs regularly over the summer. Year-to-date (YTD), the Dow Jones Industrial Average (DJIA), the S&P 500 index, and the Nasdaq 100 index are up about 15.6%, 20.5%, and 18.2% respectively. Meanwhile, analysts debate whether valuation levels for many stocks are overextended at this point. Nonetheless, there are several catalysts that
We can’t discuss Tilray (NASDAQ:TLRY) without leaving the door open for a super spike. GameStop (NYSE:GME) did not invent the phenomenon, TLRY stock did it years ago. While this alone is not an investment thesis, it serves as a reminder that it’s OK to own shares now. I don’t condone going all in now, but
Shares of telecommunications giant Nokia (NYSE:NOK) are finally on the move. Its stellar earnings and quarterly guidance hike has boosted its shares significantly. Moreover, it continues to win over new clients who have solidified its position in the 5G race. NOK stock gained a healthy 16% in the past three months. Source: rafapress / Shutterstock.com NOK
Novavax (NASDAQ:NVAX) stock is looking well-positioned because of the Delta variant of the novel coronavirus. That should surprise NVAX stock bears who viewed it as an “also-ran” Covid-19 vaccine play. Source: Ascannio/Shutterstock.com And can you blame them? Earlier this month, Novavax said it would delay applying for emergency use authorization of its Covid-19 vaccine, NVX-CoV2373,
Nano Dimension (NASDAQ:NNDM) was one of the beneficiaries of the 2020 bull run. I remember last year when NNDM stock was very popular among retail investors. The stock shot up nearly 10x from below $2 in September last year to a high of approximately $18. Source: Spyro the Dragon / Shutterstock.com This massive run-up was
Opendoor Technologies (NASDAQ:OPEN), the digital platform for residential real estate, turned the corner with its second-quarter results released on Aug. 11. Its adjusted net income and EBITDA (earnings before interest, taxes, depreciation and amortization) both turned positive from negative results last quarter. As a result, using simple measures of its valuation, OPEN stock is worth
Three years ago, the term unicorn — a startup valued at over $1 billion — was all the rage on Wall Street. Two of those companies — specifically Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT) — stole the show with their long initial public offering (IPO) process. They waited far too long before they came to market.
“Space, the final frontier…” I heard these words on TV all my life. I’m a big fan of sci-fi shows and am thus a long-term believer in space travel. My only venue to trade this notion on Wall Street has so far been Virgin Galactic (NYSE:SPCE) stock. It is the only public company that will
Ahead of its second-quarter earnings report, markets sold off shares of Roblox (NYSE:RBLX). However, the gaming platform allayed fears when it posted respectable results. That said, RBLX stock is still relatively expensive compared to other video game stocks like Activision (NASDAQ:ATVI) or Electronic Arts (NASDAQ:EA). Source: Miguel Lagoa / Shutterstock.com Roblox trades at 19 times
While the broader stock market soars to new highs regularly, growth stocks have also regained their popularity among investors — and that has created many stocks to buy for investors. The Street seems to be delighted about positive updates on the economic front. Meanwhile, the U.S. Senate has recently passed a bipartisan $1 trillion infrastructure package.
Advanced Micro Devices (NASDAQ:AMD) stock is up 18% so far in 2021. If anything, AMD stock is now cheaper than it was before. Source: JHVEPhoto / Shutterstock.com That’s because AMD continues to grow rapidly on both the top and bottom lines. Advanced Micro Devices saw $710 million of net income in its second quarter, or
Astra Space (NASDAQ:ASTR) launches satellites, and investors should consider buying ASTR stock right now. That isn’t only because billionaires like Richard Branson, Jeff Bezos, and Elon Musk are garnering a lot of attention for their forays to space. Source: Alones / Shutterstock.com Rather, it’s because Astra Space, which isn’t trying to bring humans into orbit
It’s been trading sideways over the past few months, but Lucid Motors (NASDAQ:LCID) stock remains one of the hottest EV stocks among investors. Expectations run high that the company, which plans to roll out its flagship Air luxury EV later this year, will give the incumbent in this space, Tesla (NASDAQ:TSLA) a run for its
Investors in AT&T (NYSE:T) stock are struggling to keep up with the changes in the company’s business, and the share price reflects their question marks. Source: Jonathan Weiss/Shutterstock T stock is down about 5% in 2021. By comparison, the S&P 500 index is up over 19% so far in the year. After trying to integrate media
Shares in Marathon Digital (NASDAQ:MARA) are on the move again. A penny stock through half of 2020, MARA posted over 400% growth at the start of 2021 before shedding more than half its value by mid-May. Along the way, trading in MARA stock was even halted by the U.S. Securities and Exchange Commission (SEC). Source: biggunsband
Etsy (NASDAQ:ETSY) just produced excellent results for Q2 on Aug. 4, showing that the company is gushing forth huge amounts of free cash flow (FCF). Moreover, Etsy is now buying back large amounts of shares given the huge FCF it’s producing. The net result is to expect ETSY stock to skyrocket as long as this
Companies rushed to have their employees work from home as governments imposed locked downs. This led to a goldrush in stay-at-home investments, particularly for technology firms. Software companies that enabled virtual meetings and remote working flourished while other sectors floundered. Now that countries in the developed world have rolled out vaccinations, investors should consider hot
The time to buy tech stocks is when they go out of favor. So now might be a good time to look at Roku (NASDAQ:ROKU) stock. Source: jejim / Shutterstock.com Roku has lost one-quarter of its value in less than a month. It cost $476 a share on July 19. Now it’s at $351. Even
Following its debut on the NASDAQ exchange, Robinhood (NASDAQ:HOOD) might just be “the first meta-meme stock.” But that by-itself doesn’t make buying shares in the brokerage app a strong opportunity. As I recently broke it down, there are many reasons why chasing the stock after its IPO isn’t the best move. Traders who flipped it shortly