Newegg Commerce (NASDAQ:NEGG) is a California-based online retailer that specializes in computers, electronics, PC and gaming accessories and related products. Newegg has been in business since 2001, but the company only went public this May. In a reverse merger (details here) it became Newegg Commerce. NEGG stock began trading on May 20, and since then it
Stocks to buy
Navigating the stock market is never easy, particularly in these times. Although the markets are on fire, value investors are still squeamish on which stocks to buy. After all, this economy is dominated by electric-vehicle (EV) plays and SPACs, or special purpose acquisition companies. Understandably, the whole situation can confuse the best trader. That’s why
Electric vehicle (EV) stocks have seen renewed enthusiasm recently. However, this optimism has provided little solace for long-time investors in Workhorse (NASDAQ:WKHS). The stock has more than doubled from its low point in May around $7 to a recent high of $18. WKHS stock closed today trading at $11.46 per share, which is a long
ContextLogic (NASDAQ:WISH) is well-positioned to benefit from the turbulence that China-based e-commerce companies are facing. Further, after outlining multiple, positive catalysts in my previous column on WISH stock, published on June 28, I have identified several more drivers that are likely to boost the shares over the longer term. Source: sdx15 / Shutterstock.com Among these
Penn National (NASDAQ:PENN) has generated profits in each of the last two quarters — and the company’s first-quarter results were particularly impressive. But that’s not the only reason to like PENN stock. Source: Casimiro PT / Shutterstock.com On top of its quarterly performance, Penn National also looks critically well-positioned to benefit from a meaningful expansion
Not many used car auto buyers know the brand name Adesa, but there’s a decent chance your car was bought or sold at one of their landmark auto auction houses. If you get a chance to check out a wholesale auto auction, it’s a must see as cars are presented through and sold at a
Biotechnology company Cassava Sciences (NASDAQ:SAVA) has only two primary product candidates, but they’re highly significant. SAVA stock holders, like all biotech-sector investors, should stay informed on all clinical developments as they’re likely to influence the share price. Source: Shutterstock Cassava Sciences shares are particularly sensitive to news-related events. That’s not a bad thing, though, as the
Right now, the electric vehicle (EV) industry is riding high on record delivery numbers and positive investor sentiment. True, the industry has suffered in the past few months due to the chip shortage, but it looks like the crunch is nearly over and EV manufacturers are ready to boom. After the IPO in August 2020,
There is absolute clarity on the point that global economic growth is gaining traction. And that means good things for the future of shipping stocks. The international Monetary Fund expects global economic growth at 6% for 2021 and 4.4% for 2022. For the current year, emerging economies are likely to grow at 6.7%. Performance of
From time to time, I find myself perplexed about an opinion I formed on a particular stock. And so I wonder what I was thinking in early June when I lumped The Trade Desk (NASDAQ:TTD) stock in with other bubble stocks? Source: Tada Images / Shutterstock.com In fairness, TTD stock is up 166% since January 2020 making it a pandemic
As we continue to navigate another wild year, one sector that continues to thrive are electric vehicles (EVs). That said, this space shows no signs of slowing down — and that provides a solid outlook for battery stocks. Deloitte estimates suggest that the EV industry will grow at a CAGR of 29% through 2030. That
After American Airlines (NASDAQ:AAL) reported strong second-quarter results on July 22 and made very positive comments about its outlook, I recommend that investors buy AAL stock. Source: GagliardiPhotography / Shutterstock.com Because concerns about the Delta variant leading to new lockdowns or a significant curtailment of airline travel are way overdone. American’s financial results should continue
Penn National Gaming (NASDAQ:PENN) produced excellent results for the first quarter, showing that the casino gaming company is now producing free cash flow (FCF). As a result, PENN stock is likely to move significantly higher once the market sees it generate large amounts of cash. Source: Casimiro PT / Shutterstock.com Penn National Gaming has 42
Owning Cloudflare (NYSE:NET) stock is life on the bleeding edge of technology, security and fast content delivery. It’s exciting. It can be wildly profitable, but it’s also an area subject to wild swings of sentiment. Source: Sundry Photography / Shutterstock.com Cloudflare runs reverse proxy servers to assure clients their Web traffic is safe. How fraught
The past two weeks have been monumental for Virgin Galactic Holdings (NYSE:SPCE). Company founder Richard Branson made a successful flight to the edge of space, kicking off the era of billionaires in space, and — much more importantly for investors and SPCE stock — the era of space tourism. Source: Tun Pichitanon / Shutterstock.com Branson’s
Is the move in Virgin Galactic (NYSE:SPCE) ironic or what? Recently, this name exploded higher as the company’s craft took flight, but now SPCE stock is heading back down to Earth, just like the spacecraft. This begs a question: is the price move already over with or is it just beginning? Source: rafapress / Shutterstock.com
Over the last few months, I’ve generally been bullish on the upside potential of Churchill Capital Corp IV (NYSE:CCIV), the special purpose acquisition company that’s about to merge — barring unusual circumstances — with Lucid Motors, an electric vehicle manufacturer that could potentially challenge competitor in the space Tesla (NASDAQ:TSLA). Admittedly, though, it’s difficult not
Cassava Sciences (NASDAQ:SAVA) announced on July 21 that it would present two new clinical datasets in the upcoming Denver Alzheimer’s conference. The most important of these two will be on July 29 at 11 am ET, when the company releases its nine-month dataset results for its Alzheimer’s drug, Simufilam. Expect to see SAVA stock take
In the next few years, the global legal marijuana market is expected to grow at a robust pace. As regulatory headwinds wane, the market size is expected to reach $70.6 billion in 2028. This would imply growth at a CAGR of 26.7%. It’s not surprising that investors have started looking at major marijuana stocks like
Nanotechnology is not a novel concept. However, its application in a variety of areas is increasing at an exponential pace. That is why nanotech stocks are becoming the latest investment craze that is taking the markets by storm. The stock market is keen to find the next biggest technology boom. So, it isn’t surprising nanotech