Cannabis stocks have been on fire ever since Election Day 2020, with the ETFMG Alternative Harvest ETF (NASDAQ:MJ) rallying 45% since early November on the idea that a Joe Biden Presidency will pave the path for federal decriminalization and legalization of cannabis in the all important U.S. market. Leading this rally, of course, has been
Stocks to buy
Back in July, I recommended seven of the best stocks to buy for 2021 and beyond. As a group, they’ve done very well over the past three months. For instance, Livongo Health was acquired by Teladoc Health (NYSE:TDOC) on Oct. 30 for $11.33 per share in cash and 0.592 times shares in Teladoc. But looking for a
Pinterest (NYSE:PINS) is having one of the best years on Wall Street. Pinterest stock is up more than 260% year-to-date, as the social media company has managed to avoid messy controversies that affect other social media stocks. Source: Nopparat Khokthong / Shutterstock.com And there’s good news for Pinterest shareholders: there’s growing sentiment that the San
The novel coronavirus pandemic is the story of 2020. On the investment side? There have been many developments including a stock market crash, the explosion of electric car stocks, and the collapse of the oil and gas industry. But one of the biggest stories of 2020 is a direct result of the pandemic: the boom
Investing in cheap stocks can seem fail-proof. And to be sure, the underlying logic is sound. Early investors should seek out equities that are fundamentally undervalued, and others will follow as the strength of said equities becomes more apparent. Then the underlying equity rises in price concurrently with demand and investors benefit via price appreciation.
Shares of online sportsbook operator DraftKings (NASDAQ:DKNG) are up roughly 22% after an upbeat third quarter. The company has benefited from the slow ramp-up of different sporting events in the third quarter. It has also raised its expectations with a substantial increase in demand for the coming year. Pent-up demand for sports and additional legalizations
Over the last six months, I have seen several altcoins surging by 1000%. So, when it comes to electric vehicles (EVs) Nio (NYSE:NIO) has been no less than that in my opinion — a top alternative to Tesla (NASDAQ:TSLA), the bitcoin of the EV industry. Nio stock has surged by 1001% in the last six
With the holiday season approaching, I would not mind having some extra dollars in my pocket. I’m sure you feel the same. But how can we make that happen? A good idea is to allocate some funds toward short-term trading. That’s because the returns in short-term stocks can be really surprising. I also believe that
With very few avenues remaining for the Trump administration to contest the 2020 election results, Joe Biden will become the 46th President of the United States. While there are myriad implications of the incoming administration, one of them is the reinvigorated push toward clean energy. Naturally, this should serve Plug Power (NASDAQ:PLUG) very well. And
Is there any stock that has benefited more from the novel coronavirus pandemic than Zoom Video Communications (NASDAQ:ZM)? Not in the tech sector at least. Companies were forced to rapidly accommodate employees who were working from home. Schools switched to online teaching. Families and friends adopted video conferencing to keep in touch. Zoom was easy
If investors were pressed to name the go-to stock for the novel coronavirus, many would answer Zoom Video (NASDAQ:ZM). And rightfully so. Zoom stock barely flinched when volatility cranked up in February. And it outright soared in March while the rest of the market was getting crushed. Source: Michael Vi / Shutterstock.com In fact, Zoom
Is it too late to buy DraftKings (NASDAQ:DKNG) stock? Boosted by election day results, along with a strong quarterly earnings release, it’s no surprise this first mover in the sports betting industry has rallied more than 33% since Nov 1. But, although shares are still below their all-time highs, some investors are concerned shares have
Canopy Growth Corp. (NYSE:CGC), the Canadian cannabis and CBD products company, seems to be experiencing a turnaround. It wasn’t that long ago that CGC stock was in the doldrums and its outlook was quite dark. Source: Shutterstock But now it looks like the company’s prospects are much brighter at least for the near term. Moreover,
E-commerce giant Alibaba (NYSE:BABA) is often considered the Chinese equivalent to America’s Amazon (NASDAQ:AMZN). The two companies even have comparable sales mega-events. Whereas Amazon had Prime Day (which was actually two days) on Oct. 13 and 14, Alibaba stock holders waited with bated breath for the results of Singles’ Day on Nov. 11. Source: BigTunaOnline / Shutterstock.com
Gambling stocks have been on fire since March’s novel coronavirus crash. When the pandemic first hit, investors feared the worst for the gaming sector. But, with social distancing having less impact than expected — along with the continued sports-betting megatrend — names in this industry made a tremendous recovery. However, as Covid-19 cases begin to
As the race to dominate meat substitutes heats up, plant-based stocks are becoming an investor favorite. There are a couple of reasons for this increasing interest in plant-based meat. One, demand for meat and dairy substitutes is on the rise due to increasing health concerns over animal welfare and the environment. Second, the novel coronavirus
Canadian stocks will be getting a boost on the news that Joe Biden is the United States’ President-elect. U.S.-Canada relations have been strained during Trump’s term as U.S. President. That much is clear. The U.S. and Canada share a long border, many cultural values and many of the same views in general. Yet, it would
Right before we rang in 2020, Novavax (NASDAQ:NVAX) found its equity units trading for just under $4. Fast-forward a few months into the novel coronavirus pandemic and NVAX stock was screaming toward the $200 level. Source: Ascannio/Shutterstock.com Of course, it didn’t quite get there. However, if you had gambled on shares at the beginning of
Boeing (NYSE:BA) received good news on Nov. 18 from the Federal Aviation Administration (FAA). And this update has provided a recent jump in Boeing stock. Source: Alex JW Robinson / Shutterstock.com Subject to final approval the FAA published an Airworthiness Directive that paves the way for the 737 Max jetliner to return to commercial service. That
Shares of edge cloud platform provider Fastly (NYSE:FSLY) are down 10.3% in the past two months. Fastly stock was down a massive 32.2% in October on the back of its lackluster third-quarter financial results. Many investors sensed a golden buying opportunity for the stock, criticized for being overvalued. However, when you dig into Fastly’s core