On Monday evening, Chegg (NASDAQ:CHGG) reported blockbuster fourth-quarter numbers (PDF) to wrap up a record 2020 for the digital education company. In response to Chegg’s stellar finish to a breakout year, investors pushed CHGG stock up to fresh all-time highs. Source: Shutterstock That response makes complete sense. Chegg’s strong earnings report provides further evidence that
Stocks to buy
The key to scoring huge gains in the stock market rests in identifying innovative hypergrowth companies in the top of the first inning of their growth narratives. And, with that in mind, I’d like to introduce readers to space technology pioneer Momentus — who, through a merger with blank-check company Stable Road Acquisition Corp (NASDAQ:SRAC),
It’s no secret. Apple (NASDAQ:APPL) has been working on autonomous driving and electric vehicle technology in Cupertino for years, and will very likely launch its own self-driving electric car — dubbed the “Apple Car” — at some point in the early 2020s. Considering Apple’s huge success with the iPhone, Mac, iPad and Apple Watch, it’s
Investors typically love growth stocks with exciting stories. That’s because they promise powerful upside potentials and can increase revenue and earnings faster than their peers. So, the prospect of investing in these kinds of picks should appeal to many investors. However, above-market growth potential also suggests higher-than-average risk. In fact, recent research by scholars at
After “crushing it” over the past year, what’s next for telework stocks? The move to working remotely may have enabled us to minimize the spread of the novel coronavirus. Still, even as the vaccine rollout is in full swing and we look to fully enter “recovery mode,” this trend shows few signs of slowing down.
A few weeks back, I made the case why it was too early to dive into Tuscan Holdings (NASDAQ:THCB) and THCB stock. Why? At the time, this SPAC (special purpose acquistion company) had already signed a letter of intent to acquire EV battery maker Microvast. Source: Nick Starichenko/InvestorPlace.com But, other than naming its acquisition target,
“Invention is the root of our success.” So said Jeff Bezos, who – among other things – founded Amazon.com 27 years ago, grew it into a trillion-dollar company and, along the way, became the world’s second-richest person. Source: lev radin / Shutterstock.com Bezos is stepping down as CEO of Amazon and transitioning to the Executive Chairman
Half a year ago, Sprout Social (NASDAQ:SPT) was a relatively small software marketing company that wasn’t on many investors’ radars. But SPT stock has since been one of the market’s biggest winners, rising as much as 160% over the past six months as demand for the company’s social media brand management tools soar. If only
The S&P 500 delivered a 16.3% return, excluding dividends, in 2020. The year before that, it was lights out, up 28.9%. So far, in 2021, it’s up 0.5% through February 1. Source: Shutterstock Over the past 10 years, the index has delivered seven years of positive returns, two years of negative returns, and one year
Arguably no other sector better represents the profound changes that we’ll see during the Roaring 2020s than electric vehicles (EVs). For more than a century, the combustion engine has defined personal transportation. But its obvious limitations — dirty emissions and complex architecture leading to multiple fail points — will play a huge role in companies
Software as a service stocks, better known as SaaS stocks, represent companies that host applications on the web that customers use as services. There are lots of great SaaS companies out there today, and a lot of them worth investing in. Some SaaS apps are simply going to be more suited to desktop use. For
Online dating leader Match (NASDAQ:MTCH) reported mixed fourth-quarter numbers this week, and investors weren’t too impressed. MTCH stock gave back nearly 8% on the news. Source: Lori Butcher / Shutterstock.com But here’s the good part: This dip in Match stock is a golden buying opportunity. Match’s earnings were broadly good. But, more importantly, this remains
Technology giant Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) reported blockbuster fourth-quarter earnings on Tuesday, smashing the Street’s revenue and earnings expectations. Wall Street cheered the results and, as of this writing, GOOG stock is up about 8% to fresh record highs above $2,000. Source: turtix / Shutterstock.com To answer your most obvious question, yes, the numbers were that
If you’re in the market for a stake in a China-based electric vehicle (EV) maker, the most obvious choice would be Nio (NYSE:NIO). Or, you might prefer something like Li Auto (NASDAQ:LI). However, those aren’t the only Chinese EV options out there. Xpeng (NYSE:XPEV) is a worthy contender and Xpeng stock could offer investors some strong returns. Source:
Shares of Nio (NYSE:NIO) stock, China’s premium electric vehicle maker, blew the doors off of 2020. Beginning the year at $4, NIO stock shot up like a rocket through year-end, finishing 2020 at $50. Mark it down as one of the best years of any stock in recent memory (subscribers to The Daily 10X Stock Report
The EV Revolution arrived on Wall Street with a bang in 2020. All EV stocks — from the Tesla (NASDAQ:TSLA) mothership down — soared. One of the biggest winners was solid-state EV battery maker QuantumScape (NYSE:QS). QS stock, once a $10 stock in late 2020, soared as high as $130 just before Christmas 2020. Source:
If you have to think about the answer, you’re not a very good investor in my opinion. That’s because Hims & Hers Health (NYSE:HIMS) plays in a segment of health care that continues to be ripe for growth, while GameStop (NYSE:GME) is a broken company with a possible second act. At current prices, you can
Advanced Micro Devices (NASDAQ:AMD), one of the largest makers of computer and graphics chips, released robust fourth-quarter results on Jan. 26, beating on top and bottom lines. But following the announcement, investors decided to hit the “sell” button in AMD stock. Source: Fabio Alcini / Shutterstock.com Despite the rapid drop in AMD shares in recent
When cryptocurrencies pulled back, so did mining stocks, like Marathon Patent Group (NASDAQ:MARA). MARA stock and the rest took a hit after U.S. Treasury Secretary Janet Yellen warned cryptocurrencies are being used “mainly for illicit financing.” Source: biggunsband / Shutterstock.com She added she would “need to examine ways in which we can curtail their use
Nowadays it’s not really popular to focus stocks selling at a discount — that is, the so-called value investing approach. Instead, the interest is mostly on momentum. For the most part, this approach has gotten… well… crazy! The phenomenon of Reddit investors has taken Wall Street by storm — and has even threatened the stability