The pandemic has kickstarted growth in many nascent industries. For instance, video conferencing has had an unprecedented boost. Likewise, biotech stocks have exploded. And finally, virtual healthcare has seen a huge increase. Few companies have benefited more from that than Teladoc (NYSE:TDOC). With health now more important than ever, demand for the company’s services boomed. So
Stocks to buy
A novel coronavirus vaccine was perhaps the most in-demand item throughout 2020. As the world eagerly awaits these vaccines, the market opportunity for the companies that produce them has proven exponential. In this case, even the third or fourth finisher has a lot to gain. Novavax (NASDAQ:NVAX) may not be at the top as a
I’ll cut straight to the chase here. Arguably one of the best hypergrowth stocks to buy for the next 10 years is FuboTV (NYSE:FUBO) stock. Why? Let me answer that question with another question. Does it not seem odd that, although the streaming TV revolution has forever disrupted the multi-trillion-dollar global entertainment industry, we’ve only
A highly anticipated test flight from space tourism pioneer Virgin Galactic (NASDAQ:SPCE) ended prematurely this weekend after the engine of its SpaceShipTwo vehicle ‘Unity’ did not fully ignite due to a lost connection. Virgin Galactic stock — which had rallied big into the event — dropped about 15% in response to the “botched” flight. Source:
It’s safe to say this hasn’t been a great year for value investors. While names in big tech, electric vehicles (EVs) and other high-growth industries thrived in 2020, old school value stocks struggled to bounce back after March’s crash. Granted, many of these stocks have now returned to pre-pandemic levels. But, some continue to languish
Despite the ravages of the novel coronavirus pandemic, major indices continue to trade near or at all-time highs. But it’s also the types of sectors that are flying that make this dichotomy incredibly perplexing. For instance, the Technology Select Sector SPDR Fund (NYSEARCA:XLK) is nearing 40% gains year-to-date while some state eviction moratoriums are about
Plug Power (NASDAQ:PLUG) stock zoomed from a mere $3 to $28 during the year. The last time the company posted such staggering gains was back in the dot-com boom. But of course, this was short-lived. Plug Power stock would then go into a long-term bear mode. It was horrible. Source: Alexander Kirch / Shutterstock.com So
Among large-cap semiconductor names, Nvidia (NASDAQ:NVDA) is a story unto itself. Buoyed by the familiar catalysts of data centers and graphics processing units (GPUs), NVDA stock is up over 120% year-to-date (YTD) and is one of the biggest domestic chip manufacturers by market capitalization. Source: Allmy / Shutterstock.com As of Dec. 11, Nvidia is off
There is something interesting about Pinterest (NYSE:PINS), which has been roasting its way higher lately. In fact, PINS stock is up 217% over the last six months and 462% from the March low. Source: Nopparat Khokthong / Shutterstock.com But that’s not the interesting thing about this stock. Instead, it’s how investors have been classifying its
Space tourism pioneer Virgin Galactic (NYSE:SPCE) is generating some excitement as its next manned test flight approaches. Shares of SPCE stock are rising, too. Source: Christopher Penler / Shutterstock.com Sorry to you adventure-seeking investors, however. SPCE is not rising like a rocket. In fact, it is quite likely that gravity – and reality – will
Switchback Energy (NYSE:SBE) is a special purpose acquisition company (SPAC), a “blank check” shell corporation designed to take companies public without going through the traditional IPO process. SBE stock has almost tripled since announcing its merger with ChargePoint, which has the largest electric-vehicle charging network in North America and Europe. Source: Michael Vi / Shutterstock.com
Freshly public workflow management software provider Asana (NYSE:ASAN) recently announced its first quarterly earnings report as a public company, and it was a smashing success. Revenues topped expectations. So did earnings. The guide came in ahead of expectations, too. Asana stock popped about 15% in response to the strong print. Source: rafapress / Shutterstock.com Zooming
Covid-19 has impacted different companies very differently. One company that has been a surprising beneficiary of the pandemic is payments company Square (NYSE:SQ). Year-to-date, Square stock has surged 225% to record highs. Source: Jonathan Weiss / Shutterstock.com I say “surprising” here because Square should actually be one of the companies that was hit hardest by
It’s hard to look anywhere without seeing Twitter (NYSE:TWTR) in the news. We’ve encountered a new feature, we’ve heard President Donald Trump’s wrath and now we’ve read an earnings report that sent Twitter stock tumbling. Source: Sattalat phukkum / Shutterstock.com Fortunately for investors, however, Twitter seems to be on the rebound. And the likelihood that
For decades, major energy firm BP (NYSE:BP) was known as a relatively stable company to invest in. Granted, the name did hit troubled waters with its 2010 oil spill in the Gulf of Mexico, but BP stock was able to recover and go back to business as usual. Source: Tommy Lee Walker / Shutterstock.com Then, soon
While investors in online sports betting platform DraftKings (NASDAQ:DKNG) have generally done well this year, there have been ups and downs. It has been a real roller coaster ride for long-term holders of DKNG stock. Source: Lori Butcher / Shutterstock.com DraftKings is an interesting company for traders because it’s involved in both e-gaming and sports betting.
Do you drive an electric car? Chances are that the answer is “no.” After all, only 2.1 million new electric vehicles were sold in 2019, amounting to a measly 3.3% of global new car sales. Basically, if you gathered 100 people into a room and asked each of them if they drive an electric car,
In a market that has roared off March lows, and with growth stocks leading the way, Fastly (NYSE:FSLY) in one sense seems like an outlier. Back in October, FSLY stock plunged 27% in a single session after lowering its outlook for the third quarter. The stock actually has fallen a tiny bit further since. Source:
Analysts and investors were rightfully worried about the health of the economy as the novel coronavirus pandemic hit the U.S. in early spring. Yet as we get ready to finish the year, the Street has a different story to tell. In recent days, many stocks and indices have hit 52-week or even all-time highs. And
Data suggests that a person is more likely to be hit by lightning than catch Covid-19 in an aircraft. For people looking to travel during the holiday season, this data is indeed encouraging. Further, this is not the only good news for airline stocks. Anthony Fauci recently reached out with a message for those suffering