Chinese electric vehicle (EV) maker Nio (NYSE:NIO) is doing all the right things, and its stock is responding positively. In June, the price of NIO stock rose 25% to $53.20 as the company reported one positive development after another. Source: Robert Way / Shutterstock.com This was a welcome turnaround for the Shanghai-based company’s stock after months
Stocks to buy
Paysafe (NYSE:PYSE) is a profitable payments company and a leader in the digital wallet and integrated processing industry. But here’s the thing about PSFE stock now — it’s trading at full value. However, that doesn’t necessarily mean the stock won’t rise. In fact, I suspect that it could move about 25% higher over the next
Chinese EV giant Xpeng (NYSE:XPEV) recently reported its record June and second-quarter deliveries. It continues to be a dominant name in the EV industry, and with several catalysts in place, XPEV stock will continue creating more shareholder value. With incredible year-over-year revenue growth, the stock still trades at a considerable discount to its peers. Source:
Oracle (NYSE:ORCL) stock looks even more undervalued than it did in April. At the time, I said this cloud software company was worth at least 30% more than its April 14 price of $76.78. That put the value of ORCL stock at about $100 per share. Today, with its Q4 free cash flow (FCF) up 19%
Virgin Galactic (NYSE:SPCE) flew Richard Branson into space on Sunday in the first commercial passenger space flight ever, and the voyage was very successful. In response to this event, SPCE stock popped about 7% in premarket. However, it quickly reversed course and is now trading down approximately 14% after the company disclosed it would be
Many analysts believe current stock valuations resemble the dot-com era. The market’s day-to-day movements are certainly turbulent. But in the long run, returns tend to follow somewhat predictable upward trends. Regardless, picking stocks to buy in this environment becomes a tricky proposition. You do not want to be overpaying for a company with little to
It’s fair to say that the plant-based foods craze kicked off in earnest with the rise of Beyond Meat (NASDAQ:BYND). There are other businesses in this niche, of course, but the trading volumes of BYND stock prove that Beyond Meat is the leader in investable and digestible meatless fare. Source: Shutterstock And here’s what’s amazing about
Investing in clinical-stage biopharmaceutical companies can be hit-or-miss. Other companies are advancing Covid-19 vaccines, of course, but Ocugen (NASDAQ:OCGN) is unique and OCGN stock is still highly affordable. Source: Shutterstock Before taking a position in Ocugen, though, you’ll definitely want to conduct your due diligence. Biotech stocks can move fast — and by that, I mean
It’s a pleasure to bring you the best hidden gems in the market, especially when they’re easily affordable. Recon Technology (NASDAQ:RCON) fits that description, as RCON stock recently came down to a very attractive price point. Source: Shutterstock.com As you might have heard, buying where there’s “blood in the streets” can be a highly profitable strategy.
Editor’s note: This column is part of InvestorPlace.com’s Best Stocks for 2021 contest. Eric Fry’s pick for the contest is Osisko Gold Royalties (NYSE:OR). Source: Shutterstock Since the last time we talked in early April, when this stock was down 10% year-to-date, Osisko Gold Royalties has staged a comeback to notch a respectable 6% gain year-to-date at the
Facebook (NASDAQ:FB) stock has been on a roll. So far this year FB stock is up 26.5% as of July 9 when it closed at $350.42, up by $77.26 from its close of $273.16 on Dec. 31. This is close to my original target price of $374.53 that I forecast on Feb. 9 (up from
Nio (NYSE:NIO) stock has been weak in recent weeks thanks to concerns related to China regulation. Long story short, the Chinese government has been cracking down on its own “Big Tech” companies that have been seeking fundraising in the United States via American exchange listings. Source: Andy Feng/Shutterstock.com Ride-sharing platform Didi (NYSE:DIDI) has been at
Just as I predicted in my last article on ViacomCBS (NASDAQ:VIAC), the company produced a large increase in free cash flow (FCF) during Q1. On May 6, the company presented its latest earnings and cash flow release. As a result of its astounding jump in FCF, I now estimate that VIAC stock is worth at
There has been a lot of noise in the market in 2021. The rise and fall of so-called social media “meme” stocks like Canadian cannabis producer Tilray (NASDAQ:TLRY) stock may be the noisiest phenomenon of the first half of the year. Source: Jarretera / Shutterstock.com Meme stock mania has focused mainly on stocks that have
Everyone knows about how Nikola (NASDAQ:NKLA) stock fell from its peak amid the ridiculous tenure of CEO Trevor Martin and his ignominious departure. Since then, the company lost its orders and other potential partners bailed out on the previous deals. NKLA stock has fallen to $13.40 as of March 25 from its previous peak of
Shares in hydrogen fuel system company Plug Power (NASDAQ:PLUG) have been a big mover in 2021. However, for the past two months, they’ve been going in the wrong direction. PLUG stock gained 950% in 2020, then started off 2021 with a 127% surge in the first three weeks. It’s been downhill since then, though. PLUG shares
After a bullish year of big gains for growth investors, market jitters have set in. The U.S. 10-year Treasury yield recently reached a 52-week high, now sitting above 1.7%. In January 2017, that yield was over 2.5%, and economists are debating whether we’ll soon see a return to those levels. But despite occasional pullbacks in
At the end of January, I recommended that investors looking to avoid the “dizzying valuations” that many tech names had reached consider fiber optic names, which could also be classified as 5G stocks. I pointed out that, “In a sense, the fiber optics sector is an obscure group within a partially forgotten catalyst” of 5G.
Red-hot Ocugen (NASDAQ:OCGN) stock has cooled off a bit lately. Right now, it appears that investors in OCGN stock are in wait-and-see mode. What are they waiting for? A few key catalysts that could take this stock much higher. Source: luchschenF / Shutterstock.com Indeed, shares of the pre-clinical biopharmaceutical company have traded sideways over the past
After Ayro (NASDAQ:AYRO) announced a promising partnership and unveiled a new electric vehicle (EV) that I believe has a great deal of potential, the outlook of AYRO stock continues to be very favorable. Source: Alexandru Nika / Shutterstock.com Further, certain aspects of Ayro’s recent sales of its new shares bode well for its stock price.