Amazon (NASDAQ:AMZN) is having its best year yet. The novel coronavirus pandemic led to an unprecedented surge in online shopping, which was a big win for the e-commerce giant. With Prime Day just around the corner, investors are hoping for some big gains in the coming weeks. AMZN stock is up 62% to date, and
Stocks to buy
We are witnessing a new age of medicine with the increasing acceptance of people’s right to what goes inside their bodies. Over the past decade, several researches have come out supporting psychedelic-inspired medicines in treating conditions including addiction, depression, and ADHD. Hence, the “shroom boom” is here and is likely to propel psychedelic stocks as
Internet of Things stocks continue to see strong growth when it comes to market size. But from my observation, neither investors nor consumers have grasped just how large this market will become. Year by year, more and more devices are linking up. That’s creating a rich web of connected devices, meaning an explosion in data,
With the Las Vegas Strip continuing to rebound and MGM (NYSE:MGM) receiving a roughly $1 billion investment from IAC (NASDAQ:IAC), the outlook of MGM stock has improved. Source: Michael Neil Thomas / Shutterstock.com Additionally, following the widespread introduction of a successful vaccine for the novel coronavirus, MGM is set benefit from a huge amount of
Canopy Growth (NYSE:CGC) has been — to be frank — a disappointment to CGC stock holders for several years. Source: Shutterstock This company was supposed to turn into a titan of industry in the booming global cannabis market, with surging revenues, huge profits and a soaring stock price. But none of that has happened. Yet.
Twitter (NYSE:TWTR) went public almost seven years ago. After the first day of trading back in 2013, Twitter stock closed just shy of $45. As I write this, it’s trading a bit below $46. Source: Worawee Meepian / Shutterstock.com Of course, TWTR had a ride to get back basically to breakeven. The stock looked like
In 2020, the stock market crashed on fears that the Covid-19 pandemic was a “world-ender.” Then markets rebounded sharply as those fears proved overstated. Most stocks today trade at or near their pre-Covid levels. But not Alteryx (NASDAQ:AYX), as AYX stock has taken investors on a ride this year. Source: Shutterstock The data analytics provider
One of the most important areas of technological development has always been biotechnology. These products can have a profound effect, especially in medicine and agriculture. And due to the novel coronavirus, a large number of biotech stocks have been making headlines. According to recent research led by Ruklanthi de Alwis of the Duke-NUS Medical School:
Plug Power (NASDAQ:PLUG) stock has been absolutely on fire in 2020, with shares rising more than 320% year-to-date as Wall Street has grown more bullish than ever on the hydrogen market and, more specifically, Plug Power’s ability to be a leader in this emerging clean energy category. Source: Shutterstock Wall Street’s bullishness hasn’t wavered in
Alibaba (NYSE:BABA) stock is still very undervalued despite having risen almost 36% year-to-date and over 73% in the past year. BABA stock will rise over the next year because it is powered by the company’s consistently growing free cash flow (FCF). Source: Shutterstock As a result, BABA stock is more than twice its present price
Home décor e-tailer Wayfair (NYSE:W) stock is up more than 240% so far in 2020. But with heavy competition from more established e-commerce names, should investors be taking their profits now from Wayfair stock? Source: Jonathan Weiss / Shutterstock.com Not by a long shot. Wayfair is an up-and-coming name in the e-commerce space. And with
So much has happened in 2020, and the ripple effects will be felt for years. And while the tragedy of this virus cannot be overstated, there are some economic bright spots that came about because of it as well. Among those pandemic-proof stocks, e-commerce and cloud computing companies have led the pack. One segment of
While the novel coronavirus pandemic has been a trying time, many Americans are not letting it dampen their spirits. Instead, they’re refusing to let a “good” crisis go to waste. And an example of this dynamic is the volume surge in the markets. Ordinarily, you’d think that the worst pandemic in modern U.S. history would
In the last five years, technology companies have shifted focus. The new normal is to build a subscription-based business that revolves around the cloud. Most mega-tech companies have successfully transitioned … except IBM (NYSE:IBM). So it is not a surprise then to see IBM stock languish so low, comparatively. Source: JHVEPhoto / Shutterstock.com It has
Fifth-generation mobile networks are here and the market is huge. According to Allied Market Research, the global 5G technology market will grow from $5.5 billion this year and reach $667.9 billion by 2026. That represents a compound annual growth rate of 122.3%. The massive growth forecast is due to the fact that 5G will radically
Even mighty Amazon (NASDAQ:AMZN) has not been immune to the September tech stock selloff. AMZN stock dropped 16% in the first two weeks of the month. Don’t expect that situation to last. Amazon announced Prime Day — its biggest shopping event of the year — will be taking place on October 13 and 14. That’s
Investors are constantly on the lookout for the next big thin sector which will usher in a wave of change in society. Companies in these sectors have the potential to be the next big thing in the market. Robotics stocks are one such emerging sector. Robotics will change society in profound ways, or that is,
Last month, I discussed the peculiar narrative behind hydrogen fuel cell specialist Plug Power (NASDAQ:PLUG). Starting off as one of the most promising technology startups, PLUG suffered years of disappointment. However, the novel coronavirus pandemic has brought the company into a new light considering the vulnerabilities associated with fossil-fuel-based global supply chains. Suddenly, the left
When it comes to investing, it helps to be a straight shooter (and a bit of an optimist). But let’s call it for what it is: FAANG stocks, Facebook (NASDAQ:FB) included, have not been doing very well lately. In fact, FB stock stock is down about 12% from its high about a month ago. Source:
Out of 25 packaged food stocks with a market capitalization of more than $2 billion, Beyond Meat (NASDAQ:BYND) has the best performance in 2020, up 123% through Oct. 1 If you broaden the search to include all food-related companies — both consumer cyclical and consumer defensive — Beyond Meat still has the best performance year