So far, 2020 has been the year of special purpose acquisition company (SPAC) deals. This is especially true in the electric vehicle (EV) space. And, one of the latest deals to hit the street involves Kensington Capital Acquisition Corp (NYSE:KCAC). The SPAC, or blank-check company, is acquiring privately held QuantumScape. Kensington Capital stock soared on
Stocks to buy
At this point, it’s difficult to find good coronavirus stocks to buy. After all, at this point the market has priced in both the direct and indirect effects of the pandemic. Biotech and pharmaceutical firms racing to develop a vaccine have seen their stock prices soar. “Work from home” beneficiaries like Zoom Video Communications (NASDAQ:ZM)
The biggest challenge for the restaurant industry right now is the novel coronavirus pandemic. And that has been an interesting situation for restaurant stocks. It limits indoor seating in most states, and not being able to fill the seats really hurts over time. And new research shows that restaurants remain one of the most significant
Latest Updates: 3 Oil Stocks to Buy for a Trump-Driven Conflict [Thursday, August 27, 4:08 pm]Contributed by Sarah Smith According to one analyst, investors need to be thinking not only about what stocks to buy for after the election, but about stocks to buy for before the election. What does that mean? And how can you go about
Last week, DraftKings (NASDAQ:DKNG) stock was trading well. Shares were climbing despite the overall market — and tech stocks specifically — taking a painful slide. Because of that strength last week, DraftKings stock was on a lot of investors’ radar coming into this week. Source: Lori Butcher / Shutterstock.com What many weren’t expecting, though, was
Microsoft (NASDAQ:MSFT) has been very strong during the pandemic. Based on factors including cash flows and continued growth in core businesses, it’s logical that MSFT stock has performed pretty well. Source: NYCStock / Shutterstock.com Still, the company recently suffered a few setbacks. The recent market correction took shares from $230 down to near $200 in
If you want to get in on the electric car boom with an affordable stock showing big growth, you’ll have to think outside the box. Or, more accurately, think about delivering the box: companies that focus on electric delivery vehicles like Workhouse Group (NASDAQ:WKHS). Even after gains of over 750% so far this year, WKHS
Hot-button hydrogen fuel cell company Plug Power (NASDAQ:PLUG) is one of the most debated companies on financial message boards. Traders, analysts and onlookers either seem to love or hate PLUG stock. Source: Halfpoint/ShutterStock.com I’ve been guilty of taking both sides of the fence on PLUG stock. As a contrarian, I liked it when the share
Norwegian Cruise Line Holdings (NYSE:NCLH) stock could get a nice boost sometime this fall if a Covid-19 vaccine finally gets approved by the FDA. However, keep in mind that this stock price jump might be from a lower price than today. Source: Roberto Sorin / Shutterstock.com This is because it seems highly likely that the
After a rough outing from the Labor Day-shortened week, this week is so far getting off to a better start. However, it’s difficult to know if the immediate but tepid bullishness can be trusted. With a pandemic still lingering, along with massive, unprecedented wildfires along the west coast, investors are rightfully on edge regarding which
Like a ship in calm waters, Norwegian Cruise Line (NYSE:NCLH) trended higher since the March stock market crash earlier this year. Markets are in a wait and see mode with Norwegian Cruise Line stock. The buy thesis is simple: as cruise lines reopen, revenue will return and the sector will recover. Source: Roberto Sorin /
Royal Caribbean (NYSE:RCL) will likely survive and thrive just fine once a vaccine is approved for the novel coronavirus. That means RCL stock could get a nice boost sometime this fall when a Covid-19 vaccine finally gets approved by the FDA. Source: ImagineStock / Shutterstock.com But don’t count your chickens before they hatch here. First,
The current stock market is a roller coaster, to say the least. With the novel coronavirus pandemic, economic uncertainty, and a contentious presidential election all weighing on investors’ minds, share markets are likely to deliver volatility through the remainder of the year. But that doesn’t mean investors should stay out of the market. Instead, making
Investors curious to know which electric vehicle stocks to buy have an increasing number of options to choose from. Markets have certainly warmed up to the idea of electric vehicles, which was not the case several years ago. There are now many companies which are beginning to make waves in this space. Returns could be
Alongside the rest of the tech sector, shares of freshly public Vroom (NASDAQ:VRM) have taken a nose dive recently, with Vroom stock falling as much as 30% in a matter of days. Source: Lori Butcher / Shutterstock.com But guess what? Vroom is still pioneering a new era of online car buying and selling. The company
The last time I weighed in on Advanced Micro Devices (NASDAQ:AMD), I said that AMD stock could easily explode to $100 per share thanks to a significant number of catalysts. Source: Fabio Alcini / Shutterstock.com That was on July 30, as AMD stock traded at $76.09. Not long after, AMD would run to a high
Despite the recent weakness in tech stocks, shares of Pinterest (NYSE:PINS), a visual discovery engine, are still up over 85% year-to-date. In fact, $1,000 invested in PINS stock during its March lows would now be worth around $3,400. Source: Nopparat Khokthong / Shutterstock.com “Visual search and recommendations, collectively referred to as visual discovery … is
On Tuesday, Aurora Cannabis (NYSE:ACB) announced a potentially massive 1.8 billion CAD ($1.37 billion) write-down for Q4. Simultaneously, the Canadian marijuana company announced it has chosen a new CEO, its Chief Commercial Officer Miguel Martin. The market reacted with shock, sending ACB stock down 12% before recovering. Source: Shutterstock But it’s a trick that other companies
2020 has added several new terms, such as “social distancing” to our daily vocabulary. Therefore, let’s look at five hot stocks to buy that are still profiting from social distancing. Recent research led by Jean-Noel Barrot of HEC Paris highlights the following: “The global health crisis caused by the outbreak of the Covid-19 virus has led
Despite a depressed travel industry, many investors still view Airbnb as a solid investment option. The short-term rental company confidentially filed the paperwork to go public later this year The Wall Street Journal reported last month. The change in events has spurred increased interest among believers eager to get in on Airbnb stock. Source: Tero