In a recent article, I referred to Naked Brand (NASDAQ:NAKD) as a “meme stock.” The under-the-radar intimate apparel company has become one of many stocks popular with retail speculators. “Meme stock status” has been a positive for NAKD stock. It has allowed the company to raise millions in new capital and reinvent itself as an
Stocks to sell
After Palantir (NYSE:PLTR) reported another quarterly loss on Feb. 16, I remain quite skeptical about the company’s medium-term outlook and its profitability. As a result, I continue to urge investors to sell PLTR stock. Source: Sundry Photography / Shutterstock.com Palantir reported a fourth-quarter earnings per share loss of 8 cents, versus analysts’ average estimate of
Name an American company that is a headphone innovator and whose phenomenal stock growth has been making headlines. I bet Apple (NASDAQ:AAPL) is probably at the top of your list. However, in 2021, Koss Corporation (NASDAQ:KOSS) has been bigger news than Apple. At least so far. Source: SiljeAO / Shutterstock.com Thanks to the infamous traders
With so much intense interest in finding the next big trade, it may come as no surprise in some circles that Ocugen (NASDAQ:OCGN) has been one of the most staggeringly robust winners in memory. Since Dec. 21 of last year, OCGN stock has gained over 3,400%. Indeed, it wasn’t too long ago that shares were
The new year has started on a high note for investors in Aurora Cannabis (NYSE:ACB) stock. Year-to-date (YTD), ACB stock is up over 48%. By comparison, the S&P 500 index is up by about 4.3%. Source: Shutterstock Over the past several months, hopes for U.S. federal legalization of cannabis under President Joe Biden have provided
One aspect of our lives that was undergoing significant change before the novel coronavirus pandemic hit continues to evolve. Media stocks used to be television and radio station conglomerates that owned stations around the country. There were also cable companies that were running the parade of cable-infused services that were very popular a couple decades
Until a few months ago, it was a given that Naked Brand (NASDAQ:NAKD) would file for Chapter 11 soon. However, Reddit changed the equation. As several posts on r/WallStreetBets encouraged users to buy NAKD stock, the share price made a miraculous recovery. Source: Shutterstock It’s an interesting time for investors. The wild swings in stocks
When Sundial Growers (NASDAQ:SNDL) spiked to $3.96 last week on strong volume, the jump looked too good to be true. By the end of the week, the extraordinary jump proved short-lived. SNDL stock closed at around $2. Source: Shutterstock How did a stock with a short interest of under 6% spike? The stock did not
If you’re in the market for a narrative play — and who isn’t these days? — OrganiGram (NASDAQ:OGI) seems to check off many boxes. For one, OGI stock represents a generational investment. Despite prior generations adopting the “no on drugs” mantra, cannabis is very much in vogue today. Marijuana has also been a major talking
Gevo, Inc. (NASDAQ:GEVO) the Colorado-based renewable jet fuel producer, now has over $534 million in cash in the bank after it raised a net $321.7 million recently. This represents about 21% of its market value of $2.47 billion. But GEVO stock is likely to float down over 57% from here. Source: Oleksiy Mark / Shutterstock.com
Increasingly, I’m getting the impression that we’re headed toward a significant correction in the market. It’s hard to remember a time when seemingly any and all speculative plays have risen, whether for logical reasons or not. Among them, Ideanomics (NASDAQ:IDEX) has drawn massive interest, in large part because of its phenomenal performance. On a year-to-date
Artificial intelligence (AI) sounds vague, but the reality is it is just a computer that mimics human cognition. This allows it to be used in areas like robotics, machine learning, linguistics, and even psychology and philosophy! It’s also why AI is for more than a tool for just the tech sector. Source: Phonlamai Photo /
Is the stock market a casino? As a financial analyst, I believe that the stock market is not what a casino represents. The common factor is risk. But in a casino, you simply make bets, have no expectations but simply want to have fun, and the odds of losing your money are close to 100%.
TransEnterix (NYSE:TRXC), which develops robots used in surgeries, has a chance to become a great company. Unfortunately, the medical-device maker’s relative weakness in the U.S., its tough competition and its low revenue prevent me from recommending TRXC stock at this time. Source: Phonlamai Photo / Shutterstock.com TransEnterix has developed a few revenue-generating niches that let
There are really not a lot of secrets in stocks anymore. At one time, a company like Foresight Autonomous (NASDAQ:FRSX) may have traded under the radar. But that’s not the case in 2021; the company is well-known by the trading community and FRSX stock has delivered the gains to prove it. Source: Olivier Le Moal
There’s a lot going on on Wall Street and BlackBerry (NYSE:BB) has been caught up in the mix. At one point last month, BB stock gained almost 300% as it rallied in nine straight sessions. Source: Michael Vi / Shutterstock.com What in the world is going on? BlackBerry stock has been caught up in the
Tesla (NASDAQ:TSLA) has a brand new problem, and it’s a big one. You’d never know it by looking at the soaring Tesla stock price, but the Chinese government isn’t pleased with Tesla. Following Tesla’s second recall in less than a year in China, the Chinese government publicly warned Tesla that Communist Party regulators aren’t as
Electric vehicles (EVs) and fintech are some of the hottest sectors out there. So, it’s no shock that Ideanomics (NASDAQ:IDEX), which dabbles in both fast-growing areas, has become a popular name to trade among retail investors. Looking beyond the hype, though, there’s little on the table to justify the IDEX stock valuation of $4.75 per share.
Jumia Technologies (NYSE:JMIA), which operates an e-commerce platform and mobile payments system in Africa, has suddenly become a darling on Wall Street. Note that JMIA stock has gone from $8 in September to about $65. The market capitalization is roughly $5.8 billion. Source: Christopher Penler / Shutterstock.com The company was smart to capitalize on this
Insider trading happens when people who have access to confidential information about a company use that to profit off its stock. These insiders include folks like the corporate officers and members of the board of directors. Historically, there have been countless cases of unscrupulous insiders benefitting at the expense of unsuspecting shareholders. For example, suppose