This has been a wild year for the stock market. If you’d polled folks in March, virtually nobody would have said that stocks could recover their losses by the end of the year. Not only have the indexes clawed back all of the crash, but they’ve in fact gone on to strong overall gains. As
Stocks to sell
I previously wrote about the confusing situation that Kaixin Auto Holdings (NASDAQ:KXIN) has gotten into with its recent announcements. Now there is another doozey of a press release which clouds KXIN stock even further. Source: lumen-digital / Shutterstock.com The Chinese company’s board just appointed an auditor that is likely banned from auditing Chinese companies by
On the surface Alphabet (NASGAQ:GOOG,NASDAQ:GOOGL) looks like a rock-solid investment. Google stock is up 29% in 2020. The market cap is now $1.16 trillion. That’s not out of line for a company with revenue of $161 billion last year, growing 17% a year at scale. The most recent quarter even saw sales growth of 21%. Source:
It’s looking more and more like Zoom Video Communications (NASDAQ:ZM) has peaked out. I’m pegging the days following the end of the third quarter for reaching the zenith, as Zoom stock rose from $470.11 on Sept. 30 to a high of $568.34 on Oct. 19. Source: Michael Vi / Shutterstock.com The problem is the stock
Despite serious turbulence, 2020 has been a great year for investors. But even as market indices like the S&P 500 (NYSEARCA:SPY) remain near all-time highs, it may be time to realize gains, and sell strong performing stocks before the end of the year. Sure, a majority of Wall Street analysts surveyed by CNBC predict further
Two of the year’s hottest trends are special purpose acquisition companies (SPACs) and electric vehicles (EVs). Combine the two, and you’re bound to have a real winner on your hands. That’s been the case for QuantumScape (NASDAQ:QS), at least so far. QuantumScape stock has been one of the top performers on the Nasdaq over the
One of the biggest truths in life, something that has kept my compass straight through trials and tribulations, is that you need to know the full story before making a decision. Therefore, when I see a positive income statement from a Chinese company like Nio (NYSE:NIO) — along with a Nio stock price that is
Unsurprisingly, United Airlines (NASDAQ:UAL) has not had a good year. No airline has. The pandemic gutted the industry, with passenger volume dropping and planes grounded. United Airlines stock started the year at $89.74, then plunged as low as $17.80 in March. That’s an 80% drop. Now, a modest recovery did have UAL bouncing against the $40
We’ve seen some crazy rallies this year. Some have had a bit of logic. The staggering gains in Kaixin Auto’s (NASDAQ:KXIN) KXIN stock do not. Source: Shutterstock Since Oct. 13, KXIN stock has gained 667%. That fact alone doesn’t necessarily doom the stock. We’ve seen steep and fast moves in a number of stocks and
It’s been the year of the EVs. Many consider 2020 to be the industry’s turning point. EV stocks have outperformed the broader market and continue to win over investors at the tail-end of the year. Not all EV stocks have been so lucky, though. Hyliion (NYSE:HYLN), a company looking to commercialize long-haul electric trucks, has
You may remember Luckin Coffee (OTCMKTS:LKNCY) as the ticker symbol LK. That’s no longer the case. After revelations this past year, Luckin Coffee stock was relegated to the over-the-counter market. Source: NewsToday / Shutterstock.com This was once a promising growth stock, but it led investors astray when top management was dishonest about sales, among other
I’ve been asking InvestorPlace readers to treat Virgin Galactic (NYSE:SPCE) stock as a spec play for a while now. That sentiment hasn’t changed. In fact, with the highly-anticipated weekend test flight ending prematurely, shares become even riskier. Source: Tun Pichitanon / Shutterstock.com It was set to be the first human-crewed spaceflight from New Mexico. But
With Santa’s sleigh bells ringing in the (social) distance, it’s time to take a hard, clear-eyed look at our portfolios. Most of us have stocks to sell. And there’s no time like the start of a new year to tidy up. Considering that 2020 was a bummer in so many ways, you’re forgiven for eagerly
As we head into the new year, has much changed for XpresSpa (NASDAQ:XSPA)? To be honest, not really. Sure, the encouraging vaccine news does bode well for the still struggling air travel industry. We could be well on our way back to the “old normal” in 2021. Yet even if we “return to normal” within
Palantir (NYSE:PLTR) is one of many new stocks making their trading debuts in 2020 that have performed well beating the performance of major stock indices. Should you avoid Palantir stock, buy it, or shortlist it and monitor its stock price and financial performance? Source: Sundry Photography / Shutterstock.com Palantir stock opened at $10 per share
ElectraMeccanica Vehicles (NASDAQ:SOLO) recently started delivering the first shipments of its three-wheel electric vehicle (EV) called the Solo. The problem is SOLO stock has a $553 million market capitalization, but the company is going to need a lot more capital in order to ramp up production. Source: Luis War / Shutterstock.com The Solo is a
Here we go again with Hertz (OTCMKTS:HTZGQ). Traders have made Hertz stock their plaything, and not for the first time. Source: aureliefrance / Shutterstock.com Indeed, Hertz declared bankruptcy back in late May. Stunningly, Hertz stock would soar to over $5 from under $1. That rally faded, but the stock jumped again in October, clearing $2
When GameStop (NYSE:GME) reported earnings last week, options buyers were expecting a windfall from the dual PlayStation 5 and Xbox Series X release. Instead, all they got was dismay. Shares slid 20% even as the company reported less-than-expected losses. But don’t wait for a rebound in GameStop stock. It’s time to get out. Source: rblfmr/Shutterstock.com
Is Westwater Resources (NASDAQ:WWR) a great indirect wager on the future of electric vehicles (EVs)? Or are speculators simply looking at it with rose colored glasses? At first glance, you may say the former. But — diving into the details of WWR stock — you have to go with the latter. Source: Shutterstock Why? Sure,
On Oct. 30, FuelCell Energy (NASDAQ:FCEL) closed at an even $2. Exactly one month later, FCEL stock closed at $10.20. Source: Kaca Skokanova/Shutterstock Even with a pullback of late, FCEL stock still has more than quadrupled in less than six weeks. Given that rally, it’s fair to ask: what’s changed? The answer, as far as