Earlier this month, Citigroup (NYSE:C) opined that Bitcoin (CCC:USD-BTC) is at a “tipping point.” Citi believes that the crypto can become a preferred currency for international trade or face “speculative implosion.” I personally don’t have an extreme view. I believe that Bitcoin will gradually see wider acceptance in the coming years. It might not be
Stocks to buy
Investors who shy away from tech stocks are missing a great opportunity in front of them. That’s particularly true with companies like Nvidia (NASDAQ:NVDA). In this case, it’s key to separate Nvidia the company from NVDA stock. Source: JHVEPhoto / Shutterstock.com One of them matters and one of them — to an extent — doesn’t.
After its merger with Livongo, Teladoc (NASDAQ:TDOC) has been a volatile but profitable stock. However, after TDOC stock has pulled back, there is a bargain to be had. Source: Piotr Swat / Shutterstock.com As of close on Mar. 8th, shares have fallen more than 40%. That gives us a great opportunity to finally allocate some
Ideanomics (NASDAQ:IDEX) announced on March 1 that it would sell $150 million of IDEX stock at market prices through Roth Capital Partners. Its share price gained 20% on the news. Source: Shutterstock What the company does with the $150 million will tell investors all they need to know about the holding company/electric vehicle distributor/ETF provider’s
Disappointed in its choice to buy 23andMe, investors have dumped VG Acquisition (NYSE:VGAC) shares en masse. After hitting a high above $18, in the weeks following its announcement of the merger candidate, shares of VGAC stock have pulled back about 41%. Source: nevodka / Shutterstock.com Now at $10.74 per share, this special purpose acquisition company
Some folks prefer to invest in electric vehicles directly, while others would rather focus on the battery systems that power those vehicles. One strategy would be to take a position in Tuscan Holdings (NASDAQ:THCB), which plans to combine with electric-vehicle battery maker Microvast. But, is THCB stock a wise long-term investment? Source: NESPIX / Shutterstock.com At the beginning
One of the best healthcare companies in the industry, Johnson & Johnson (NYSE:JNJ), is recently in the news after its Covid-19 vaccine received an emergency authorization in the U.S. The company is now set to deliver 100 million doses by the end of June. JNJ stock may not have had the best couple of years,
Riot Blockchain (NASDAQ:RIOT) is a $3.6 billion market cap Bitcoin (CCC:BTC-USD) mining company based in Castle Rock, Colorado. For all intents and purposes, RIOT stock is a play for investors on Bitcoin’s rise without having to buy the cryptocurrency. Source: Shutterstock That means investors will ride the ups and downs in Riot, more or less
Hyliion (NYSE:HYLN) is one of the dark horses in the electric vehicle (EV) manufacturing sector. After a blockbuster debut in July last year, when the stock rose close to 5x in a short number of months, HYLN stock came crashing back down to earth. Source: Shutterstock As I write this, HYLN stock has lost close
In general, an aggressive portfolio has high allocation towards growth stocks. These are stocks from companies that are reporting robust revenue and earnings growth. However, even for a defensive portfolio, some allocation to growth stocks makes sense. While defensive stocks provide regular cash inflow, growth stocks are the key portfolio return catalysts. Recently, growth stocks
Qualcomm, Inc. (NASDAQ:QCOM) was having a pretty decent 2021, until the company reported its first-quarter earnings. After closing at $164.78 on Feb. 2, QCOM stock went into a steep decline. Currently trading at around $129, shares have dropped about 20%. Some investors have seen this as a sign that the company’s 2020 surge is over,
One of the most highly touted IPOs in recent history, Airbnb (NASDAQ:ABNB) has been on quite the ride. ABNB stock has moved significantly higher post-IPO amid positive sentiment about the long-term growth potential of the company. Source: BigTunaOnline / Shutterstock.com More recently, ABNB stock rose dramatically following the company’s Feb. 25 earnings call. Since then, shares
The Vanguard S&P 500 ETF (NYSEARCA:VOO) is a good pick if you are not interested in making money by picking individual stocks. Basically, picking an extremely low-cost exchange-traded fund (ETF) like VOO stock is the next best thing. This ETF essentially tracks the market. Source: Shutterstock Of course, there are very distinct advantages to picking
In 2019, Canopy Growth (NASDAQ:CGC) stock hit a high of $52, but that was the end of the good news. The Canadian market would quickly go south as would CGC stock, which lost more than 70% of its value. Source: Shutterstock The bearish move hit most of the cannabis industry, such as with stocks like
I have written several articles about a SPAC (special purpose acquisition company) called Foley Transimene Acquisition Corp II (NYSE:BFT). BFT SPAC is going to merge with a payments company called Paysafe and the stock will be renamed PSFE after the merger closes. I still believe the BFT stock (PSFE stock) is at least 62% too cheap.
After Nikola (NASDAQ:NKLA) was left for dead by many investors and pundits last year, the company’s recent fourth-quarter earnings conference call shows that the company is very much alive. Actually, I think that Nikola looks positioned to benefit tremendously from the “green” revolution, making NKLA stock very much worth buying. Source: Stephanie L Sanchez /
One of the big mistakes I made in my own portfolio was to sell Costco Wholesale (NASDAQ:COST) stock. Source: ilzesgimene / Shutterstock.com It happened in late 2017 when I was looking to raise cash. I sold my shares at $163. Now they’re trading at roughly twice that amount. I have nothing against Costco. I love
In the wake of the onset of the novel coronavirus, video-game accessory companies like Corsair Gaming (NASDAQ:CRSR) have largely flourished. And with that, CRSR stock holders have done well in the long term — but recently the share price declined. Source: Shutterstock Some folks might be tempted to dump their shares and take profits if their
Some folks would say that cryptocurrencies like Bitcoin (CCC:BTC-USD) are the future of money. But if you’re in the crypto camp, then you might want to check out cryptocurrency-mining technologist Argo Blockchain (OTCMKTS:ARBKF). There has been a significant recent development concerning ARBKF stock. Source: Marko Aliaksandr/ShutterStock.com And when I say, “significant recent development,” I’m not just referring
Treasury yields are rising, stocks are falling, and hypergrowth stocks with rich valuations are getting the worst of it. It’s all everyone in the financial markets is talking about. In Friday’s issue, we talked about why this is happening. We explained why the sell-off is overdone and why this is a buying opportunity for long-term