FuelCell Energy (NASDAQ:FCEL) continues to move up based on rampant speculation. I wrote earlier this month about how FCEL stock spiked over 800% in the last year based on no profits. Source: Kaca Skokanova/Shutterstock The company is still not expected to be profitable anytime soon. This means FCEL stock remains unmoored to any kind of
Stocks to sell
DoorDash (NYSE:DASH) has been a public company for 14 trading days since its initial public offering on Dec. 8. On its first day of trading, DoorDash stock gained almost 86%, closing pennies under $190. Source: Sundry Photography / Shutterstock.com In the 13 days since, it’s lost ground on 10 occasions. Down 28% from its first
While investors don’t as a rule connect China and its used car market, there’s no doubt a big opportunity there. Isn’t there always when to comes to the world’s number two economy? And in the case of Kaixin Auto (NASDAQ:KXIN), the brass ring (or hubcap, if you like) seemingly presented itself through KXIN stock. Source:
With Wall Street seemingly souring on Palantir (NYSE:PLTR), the company lacking a solid competitive advantage, and the shares continuing to trade at a huge valuation, I remain bearish on Palantir stock. Source: rblfmr / Shutterstock.com In recent weeks, Morgan Stanley and Credit Suisse have dropped Palantir to the equivalent of “sell” ratings. Meanwhile, short-seller Citron
Plug Power (NASDAQ:PLUG) stock is another overly hyped clean energy stock that has no near-term prospects of profits. Plug Power stock is now up almost 1,000% percent in the last year, i.e., up 10x. But it is out of control. Source: Alexander Kirch / Shutterstock.com There seems to be no end in sight for ridiculously
Some investors just can’t help themselves. They love companies with low share prices. However, those equities come with an array of risks, including increased probability that when the $5 and $1 marks are breached, these names can join the ranks of delisted stocks. To clarify, firms vulnerable to becoming delisted stocks currently trade on a
Florida-based car rental company Hertz (OTCMKTS:HTZGQ) has had the worst year possible. It was one of the first notable companies to file for bankruptcy after the novel coronavirus pandemic sent demand plummeting. Moreover, Hertz stock was also delisted from the New York Stock Exchange back in October. It’s now looking to mount a recovery in 2021 with its
Throughout the year, AMC Entertainment Holdings (NYSE:AMC) has traded within a wide range. Before the novel coronavirus shut down movie theatres, AMC stock struggled because the market was concerned about its enormous debt. But as U.S. states lifted their lockdowns during the summer, speculators gambled that movie attendance would rebound, causing the shares to climb.
Nio (NYSE:NIO), one of the first Chinese electric vehicle (EV) makers to go public, is helping inflate the EV bubble. Right now, NIO stock trades around $45 with a market capitalization of $71 billion. Source: Andy Feng / Shutterstock.com This is a company that should do over $2 billion in business this year. But while it
The novel coronavirus pandemic has swept away the airline industry with an estimated industry loss of $84 billion. Airline stocks have taken a hammering this year, compelling major investors to dump their stakes in the sector. Recovery remains sluggish primarily due to the repressed international traffic, which was expected to pick up in the third
Sometimes the Street’s “conventional wisdom” is totally wrong. For example, it far overestimated the longer-term impact of the coronavirus on the economy, not to mention the oil and aviation sectors. But there are times when the Street’s majority makes the correct call. I believe that the apparent widespread pessimism about Doordash (NYSE:DASH) is one of
At this point, buying shares of Hertz (OTCMKTS:HTZGQ) is akin to moving to Cleveland to be closer to the Browns. Hey, I like the Browns in that I don’t like the Pittsburgh Steelers; the enemy of my enemy is my friend and all that jazz. But to actually live in Cleveland? That’s probably the reaction
Hyliion (NYSE:HYLN) stock is interesting because it represents so much potential. Investors who’ve followed the markets this year have seen a lot of atypical trends. In particular, money chasing risky growth in overvalued equities that will ultimately face market corrections. Further, the uptick in SPAC-funded electric vehicle projects is an accelerating trend. Source: Shutterstock But
I can see why investors might be attracted to Sundial Growers (NASDAQ:SNDL). Sundial Growers stock has a cheap share price: less than 50 cents as I write this. That alone can seem alluring. Source: Shutterstock Meanwhile, cannabis plays have rallied nicely since November — for good reason. State-level election results look bullish for the industry.
Zoom Video Communications (NASDAQ:ZM) has enjoyed its best year so far, directly benefitting from the novel-coronavirus shutdowns. This year, with record revenues and profits, the company has been one of the major corporate success stories. However, as we get closer to the post-pandemic world, the excitement around Zoom stock seems to be wearing off. Source:
Just weeks after Luminar Technologies (NASDAQ:LAZR) closed its merger with a SPAC (special purpose acquisition company) called Gores Metropoulos, there is every reason to believe the shares will do well. However, LAZR stock is simply valued too high right now for most investors. Source: Shutterstock Luminar is an automotive lidar technology maker for autonomous driving
Sales of cannabis have increased this year in light of the coronavirus pandemic but Sundial Growers (NASDAQ:SNDL) continues to face numerous challenges. Sundial Growers stock had a series of problems this year, the most recent one being a possible reverse split. Source: Shutterstock While stock splits are usually great for a company’s bottom line, a
With its monopolistic position in the region e-commerce giant Jumia Technologies (NYSE:JMIA) is often referred to as the Amazon (NASDAQ:AMZN) of Africa. Jumia stock has seen a spectacular rise as a result. Source: Christopher Penler / Shutterstock.com When it first launched in 2012, its goal was to cement its position as the leading e-commerce player
Hyliion (NYSE:HYLN) has lost a great deal of value in recent weeks, as the shares have started to reflect the fundamentals of the electrified powertrain provider. Source: Alexandru Nika / Shutterstock.com However, Barclays recently initiated coverage of Hyliion stock with an “overweight” rating and a $20 price target. That may seem conservative, considering the stock’s
Watching movies on the big screen is now a thing of the past and AMC Entertainment Holdings (NYSE:AMC), the largest theater chain in the world, is feeling the heat. The coronavirus pandemic has decimated the theater experience as digital streaming platforms find a new wave of success. AMC stock is now forced to raise nearly