Workhorse (NASDAQ:WKHS) delivered some positive news in conjunction with its recently unveiled third-quarter results. The upbeat developments, however, do not come close to justifying the still-huge valuation of WKHS stock. Concerns include accusations of quality issues and the lack of clarity of the company’s outlook. Source: Photo from WorkHorse.com In a nutshell, Workhorse announced, in
Stocks to sell
Naked Brand Group (NASDAQ:NAKD) stock has left its shareholders feeling a stiff chill. Since 2015, adjusting for reverse splits, NAKD stock has plummeted from $2,000 per share to just 7 cents today. That’s a greater than 99.9% wipeout of value. Source: Shutterstock After this sort of plunge, you might think that there’d be value, or at
Does a Biden administration bode well for Plug Power (NASDAQ:PLUG)? On the heels of the Democratic Party nominee winning the U.S. Presidential election, it’s no surprise investors are betting on “green wave” stocks. Not only did the candidate promise to invest trillions into green initiatives. He also vowed to help phase out big oil. Source:
I’ve long been a skeptic of Beyond Meat (NASDAQ:BYND). Why? A variety of reasons. Many see BYND stock as a secular growth story. But, between my concerns that “plant-based meat” is a fad, and the risk of competition limiting is its growth, I don’t see it as a great opportunity. Source: Sundry Photography / Shutterstock.com
Over the last few weeks, the shares of Luckin Coffee (OTCMKTS:LKNCY) have been hot. In fact, since Sept., Luckin stock has soared from a low of $2.27 to $5.05 as of Friday’s close. If it can break above its double-top resistance at $6.23, it could run higher. Source: Keitma / Shutterstock.com There’s no compelling reason
The last (and only) time I wrote about Westwater Resources (NASDAQ:WWR) was approximately three weeks ago. Regardless of a recent executive order from President Donald Trump, which was intended to reduce the country’s reliance on foreign suppliers of critical minerals such as graphite, I couldn’t recommend WWR stock except for the most speculative investors. Source:
Sometimes looks can be deceiving in financial markets. XpresSpa (NASDAQ:XSPA) is a good example of that. In 2020, XpresSpa stock has fallen 3.7%. In this environment, that’s something most investors can live with when it comes to a small-cap, consumer-discretionary name. Source: Africa Studio/Shutterstock Upon further examination, XSPA stock looks significantly less appealing. As is
2020 has meant a perfect storm of headwinds for Exxon Mobil (NYSE:XOM). First, of course, the novel coronavirus pandemic. I don’t have to tell you why the virus, and the resultant “stay at home economy,” has decimated demand for crude oil. In turn, it has also meant big losses for XOM stock. Source: Jonathan Weiss
After Apple (NASDAQ:AAPL) received a boost from the work-at-home trend in its quarter that ended in June, AAPL stock appears to have reverted to form last quarter, with one exception. Source: dennizn / Shutterstock.com The company’s China business, in-line with my previous warnings, sharply contracted, indicating that the hardware giant could have a big, ongoing
Hertz Global Holdings (OTCMKTS:HTZGQ) is now trading on the “pink sheets” as an unlisted security. On Oct. 30, the New York Stock Exchange filed SEC Form 25 and kicked Hertz stock off of the NYSE with immediate effect. Source: Eric Glenn/Shutterstock.com This is an indication that Hertz stock has virtually no value and no one
2020 has seen investors chase some strange stocks, but Luckin Coffee (OTCMKTS:LKNCY) might be at the top of the list. Luckin disclosed one of the most brazen frauds in history, leading its stock to plunge. But since the disclosure, investors have piled in: Luckin stock now has nearly quadrupled from late June lows. Source: abolukbas
Electric vehicle (EV) makers have been in demand this year, Nikola (NASDAQ:NKLA) included. However, Nikola stock has fallen out of favor with investors, just as it should. Even with the stock’s major decline, it’s still one to avoid. Source: Stephanie L Sanchez / Shutterstock.com Nikola has a potentially big contract with General Motors (NYSE:GM) hanging
Investors with a strong love of adventure often aren’t adventurous with their money. But, if you enjoy playing with your money, then you’d likely be comfortable with betting on the shares of Virgin Galactic (NYSE:SPCE). For everyone else, there are better investments than SPCE stock. Source: Tun Pichitanon / Shutterstock.com I know that’s resisting the
Although the new normal created some amazing trades this year, you can’t defy fundamental realities forever. That’s really the defining takeaway when you look at Hertz Global (OTCMKTS:HTZGQ). Source: aureliefrance / Shutterstock.com Even before the pandemic, Hertz stock has been a frustrating investment at best over the past few years. Now, with so much geopolitical
I like the enthusiasm and I like the story of the electric vehicle mounting an assault against internal combustion engines. ICE cars are still the norm but thanks to Tesla (NASDAQ:TSLA), the battle is on. Nio (NYSE:NIO) is a smaller soldier in it and it’s doing its part. TSLA has the early mover advantage and
Heading into the 2020 election, incumbent President Donald Trump and former Vice President Joe Biden came in with very different policy plans when it came to energy. And that disparity has had companies like BP (NYSE:BP) awaiting the results with bated breath. As a vertically integrated organization operating in every area of the oil and
When a company is posting strong financials but the share price is expensive, investors have a tough decision to make. A case in point would be Pinterest (NYSE:PINS), which had an outstanding third quarter. The data is encouraging, but now PINS stock is relatively overbought. Source: Nopparat Khokthong / Shutterstock.com As we’ll see from the price
Following the black-swan event that was the initial strike from the novel coronavirus, it was inevitable that airliners would eventually make their recovery. Though people will take precautionary measures for the greater good, it’s just not in the American spirit to shelter in fear indefinitely. Hence, the return of positive sentiment bodes well for General
In investing, as in life, a lot can change in ten years. As a result it can be tricky to predict what stocks to sell as certain sectors become less popular. An investor need only look backward to see how true that is. At the moment the six most valuable companies in the world are
What does a Joe Biden victory mean for election stocks? The Democratic nominee is favored to win in the Nov. 3 U.S. presidential election. While many are concerned potential policy changes could impact the markets, David Kass, a clinical professor of finance at the University of Maryland’s Robert H. Smith School of Business, sees some