I’ll admit it: from a short-term perspective, I’ve been wrong so far on Electrameccanica Vehicles (NASDAQ:SOLO). I’ve been steering investors away from SOLO stock since last year. Yet, the name has been one of the bigger winners of the nice rally in electric vehicle (EV) stocks since November. Source: Luis War / Shutterstock.com I’m even
Stocks to sell
I know what it’s like to be aligned with the latest phenomenon in the market: r/WallStreetBets, the subreddit on social media platform Reddit that has driven failing video game retailer GameStop (NYSE:GME) to the moon. But when it comes to WSB’s latest target Naked Brand (NASDAQ:NAKD), I’ve got to reassess whether I’m an advocate of
As I’ve said before, Sundial Growers (NASDAQ:SNDL) stock is a legalization lottery ticket. That is to say, shares could see outsized returns whenever the U.S. government legalizes marijuana. The prospects of that happening may look stronger now than they did a few months back. but it’s far from a lock it’ll happen in the coming
The stock market had a big sell-offs last week. The S&P 500 dropped more than 3% for the week, and the Nasdaq composite fell more than 4%. Leading momentum names, such as Nio (NYSE:NIO) stock, gave back significant ground. In particular, Nio, for what it’s worth, declined more than 5% for the week. Source: Andy
QuantumScape (NASDAQ:QS) may sit smack dab in the ultra-hot electric vehicle sector. Even though that shouldn’t turn QS stock into a lightning rod, that is exactly what happened this month. Source: Tada Images / Shutterstock.com On Jan. 22, Thornton Law Firm announced it had filed a class-action lawsuit on behalf of QS investors who bought
In April of 2020, Luckin Coffee (OTCMKTS:LKNCY) admitted that its executives had been executing a fraud. Luckin stock had faded into the news amid similar allegations from short sellers. When the company confirmed the market’s worst fears, the stock dropped 75% in a single session, and then kept falling. Source: Ploy Makkason / Shutterstock.com Indeed,
FuelCell Energy (NASDAQ:FCEL), which is a top developer of hydrogen-fuel systems, has been one of Wall Street’s darlings lately. Since late October, FCEL stock has surged from $2 to $23. Its market capitalization is now $7.4 billion. Source: Kaca Skokanova/Shutterstock Of course, the overall fuel-cell sector has been on fire. Just look at other players
Airbnb (NASDAQ: ABNB) had a successful IPO debut on Dec. 10, amid uncertainty for the global travel industry during the pandemic. It is too early for Airbnb to prove if the enthusiasm about its stock is justified. The company has not yet released its first earnings report since it went public. But focusing on logic
Sundial Growers (NASDAQ:SNDL) is a Canadian producer and distributor of cannabis products. Like many other Canadian cannabis companies, it stands to benefit massively if marijuana becomes legal across the board in the United States. That would be a huge boon for SNDL stock. Investing in Sundial, however, has more risks than potential benefits. For one,
On Wednesday, Jan. 27, President Joe Biden issued a slate of new executive orders aimed at addressing climate change. The actions freeze new oil and gas leases on public lands and put Exxon Mobil (NYSE:XOM) stock in an awkward position. Source: Harry Green / Shutterstock.com As the largest of the world’s eight “oil-majors,” Exxon has long
Electric vehicle (EV) companies entered 2021 running hot, with their stocks sporting massive gains. However, one name that has so far failed to win over Wall Street is Nikola (NASDAQ:NKLA). NKLA stock has been doing better lately, but still remains 78% off its June highs. Source: Stephanie L Sanchez / Shutterstock.com The truth is, Nikola
As I write this, AMC Entertainment (NYSE:AMC) stock trades just above $14. By the time you read this, the price no doubt will be different … potentially much different. Source: Helen89 / Shutterstock.com After all, AMC stock has made a massive move over the last few sessions. It gained 66% in three days before a
Pershing Square Tontine Holdings Ltd (NYSE:PSTH) is now typical of larger speculative special purpose acquisition companies (SPACs) that have risen solely on speculative fever. This is indicative of a frothy market, at least in regards to PSTH stock. Source: Pasuwan/ShutterStock.com This is because it’s at a 45% premium to its inherent $20 redemption price in less
For even the most bullish investor in the electric vehicle sector, it’s difficult to make a case for Nikola Corp. (NASDAQ:NKLA). Yes, founder Trevor Milton is gone after committing some pretty horrible acts that allegedly defrauded investors in NKLA stock, that doesn’t mean investors feel safe. Source: Stephanie L Sanchez / Shutterstock.com As documented in
Even among other Big Tech darlings, shares in PayPal (NASDAQ:PYPL) have performed very well in the past few months. PayPal stock is up more than 37% since November. To some extent, this is due to its exposure to the cryptocurrency megatrend. This may be a reason for concern, with bitcoin (CCC:BTC) and other major cryptos
I’m about as big of a cryptocurrency bull as you’ll find. I have been for years. One might think that in turn would make me bullish on Marathon Patent (NASDAQ:MARA) stock. After all, Marathon Patent has positioned itself to be the stock for crypto bulls. It has put in ever-more aggressive orders for Bitcoin mining
Social Capital Hedosophia Holdings Corp. IV (NYSE:IPOD) is a blank check company with no merger deal but trades a huge premium. IPOD stock trades like a special purpose acquisition company that already has a merger deal. Source: Pasuwan/ShutterStock.com The problem is it doesn’t. But the stock, now at $17.50, trades at a 75.5% premium to
Over the past month, we have seen unprecedented political events, such as the permanent ban of former President Donald Trump from both Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR). That’s called into question the role of social media in modern democracy. But the markets do not exist in a vacuum. So, these developments should also have investors
The change of year and Administration hasn’t popped the electric vehicle bubble. Nio (NYSE:NIO) stock’s 21% gain since the start of 2021 is proof. Source: Andy Feng / Shutterstock.com The Chinese government-backed alternative to Tesla (NASDAQ:TSLA) sports a market capitalization of about $90 billion on estimated revenue of under $2.5 billion. With the near 22% year-to-date
In recent months, the surging interest in clean energy, electric vehicle, and battery electric stocks sent FuelCell Energy (NASDAQ:FCEL) to highs not seen since 2018. With no value or profitability, markets are turning a blind eye on fundamentals. FCEL stock is a perfect example. Source: Kaca Skokanova/Shutterstock FCEL stock has only positive momentum and decent