Retail stocks have been some of the wildest movers in this strange year. 2020 has been a very different and difficult year — as consumers, as a society and as investors. Some parts of the retail sector saw an instance boost, as consumers flooded big-box stores and grocery chains. With restaurants closed, many were forced
Stocks to sell
Without question Marathon Oil (NYSE:MRO) has taken a beating. MRO stock is off 44% year over year. Source: Casimiro PT / Shutterstock.com Just a few weeks ago … no, a few months ago … no, a few years ago — anyway, since Joe Biden’s other running mate was in the White House — investing in
When we look back on 2020, one of the year’s defining features will be the unprecedented interest in the stocks of bankrupted companies. Normally, when a company goes bust, its stock price goes to almost zero immediately and that’s that. This year, however, traders have stuck with firms in bankruptcy far longer than normal. Chesapeake
Luckin Coffee (OTCMKTS:LKNCY) will go down as one of 2020’s more sobering investing stories. In a crazy year where just about everything crashed and then subsequently recovered, Luckin Coffee stock broke the mold. Source: Keitma / Shutterstock.com That’s because while it plummeted, it never really bounced back. Luckin shares went for as much as $50
Palantir (NYSE:PLTR) is growing quickly, but it’s still barely profitable. Analysts, on average, expect its earnings per share to come in at just 8 cents this year. The valuation of Palantir stock is sky-high and the company will likely face increased competition. Also, I continue to believe that a Biden administration could be somewhat hostile
Alternate energy is all the rage these days. Not a day goes by when you don’t hear about a new company hoping to position itself as a unique player in an already bloated renewables market. In this crowded field, Plug Power (NASDAQ:PLUG) and Plug Power stock remain a spec play that you can live without.
After a blockbuster performance in 2020, now may be the time to sell gun company stocks. Sure, there’s plenty in motion to fuel a continued rally in firearms names. With the Democratic Party back in control of the White House, we could see a continued mad rush to buy guns, as seen during the Obama
It seems that for the past several weeks, the news has been dominated by questions surrounding the Covid-19 vaccine candidates: Which company’s candidate will be approved first? Is subunit or nucleic-acid-based better? When will everyone have access? For prospective buyers of Carnival (NYSE:CCL), I’m afraid the answers to these questions don’t really matter. Regardless of
I am a firm believer in solar energy, and It’s been a great year for solar stocks. As storage technology becomes better, and the global middle class grows, solar stocks will remain excellent investments moving forward. However, some companies in the space are better than others. You should be conscious of how solar stocks are
Ideanomics (NASDAQ:IDEX) recently reported another loss in a string of losses. The problem? Frankly, its business model does not have enough upside — at least for the time being. As a result, IDEX stock is likely to keep cascading down after its recent runup. Source: Shutterstock But what does Ideanomics do? If you haven’t heard,
On Dec. 4, 2019, iBio (NYSEAMERICAN:IBIO) shares closed at 28 cents. That was after the stock gained 51% that day. Within eight trading sessions, IBIO stock was back to just 19 cents. Source: Shutterstock On Dec. 4, 2020, IBIO stock closed at $1.49. That close followed a much steeper decline from brief highs above $7
Is Plug Power (NASDAQ:PLUG) topping out? Many times this year, PLUG stock has appeared to be peaking, only to continue heading higher as megatrends remain firmly on its side. Source: Shutterstock Yet, we may not see a repeat of this hydrogen-fuel-cell play’s blockbuster 2020 performance in the new year. Despite many red flags, Plug Power
Despite warnings against mass travel issued by the Centers for Disease Control and Prevention, many Americans ignored such requests. In fact, as CNN recently reported that the Transportation Security Administration screened 1.17 million air passengers, a single-day record since the novel coronavirus pandemic began. At first glance, this appears to bode very well for travel
With electric-vehicle (EV) stocks selling off in recent days, there may be opportunity to “buy the dip” with stronger names in the space. But that’s not the case with ElectraMeccanica (NASDAQ:SOLO). Despite shares falling from $10.81 per share to around $7 per share since Nov. 20, the bear case with ElectraMeccanica stock still stands. Source:
This week, S&P Dow Jones Indices announced it will be ripping the Tesla (NASDAQ:TSLA) band-aid off. On Dec. 21, Tesla stock will be added to the S&P 500 index as by far the most valuable company ever. Source: Hadrian / Shutterstock.com The S&P 500 index is the most popular index of U.S. stocks. The SPDR
The potential of Nikola (NASDAQ:NKLA) is enormous. That’s why investors went crazy for NKLA stock even before it was NKLA, when its merger with SPAC (special purpose acquisition company) VectoIQ hadn’t yet closed. Source: Stephanie L Sanchez / Shutterstock.com But potential isn’t enough to keep any stock afloat forever. For NKLA, the plunge has come
While the novel coronavirus has been a terrible headwind for many businesses, other sectors have enjoyed renewed relevance. Take for instance the burgeoning online used car dealership industry. For most people, buying a car is a stressful experience in the best of circumstances and doubly so during a pandemic. Fortunately, though, companies like Vroom (NASDAQ:VRM)
Sorrento Therapeutics (NASDAQ:SRNE) stock fell sharply in late October. But, in recent weeks, shares in the biotech company and fading Covid-19 play have started to bounce back. Up more than 38.7% since Nov. 9, investor interest in SRNE stock is starting to pick up once again. Source: Shutterstock So, should you hop on the bandwagon?
Like most of its EV (electric vehicle) peers, Ayro (NASDAQ:AYRO) stock soared in November. But, as the bubble in this sector starts to pop, don’t expect this small player to hold onto its recent gains. Source: Shutterstock Why? While it talks a big game in its press releases, this company’s odds of success are much
In February 2019, a few months after a Lion Air 737-MAX crashed in Jakarta, killing 189, Boeing (NYSE:BA) stock peaked at about $440 per share. Now you can buy Boeing stock for nearly half the price, at about $240. Source: Marco Menezes / Shutterstock.com Through most of 2020, shares traded at less than $200. Boeing