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
With strong growth, cloud computing has been one of the key investment themes in the last few years. Further, growth for the industry is far from over. Cloud stocks will therefore remain in the limelight in the coming years. To put things into perspective, the cloud computing industry is expected to grow at a compound
The last time I wrote about Advanced Micro Devices (NASDAQ:AMD) was in mid-October. At the time, I argued that the company should use AMD stock for the entire Xilinx (NASDAQ:XLNX) acquisition, which at the time was still only a possibility, and not a sure thing. Source: Sundry Photography / Shutterstock.com Lo and behold, Chief Executive
Stanley Druckenmiller (L) and Paul Tudor Jones CNBC A herd of new, big investors are scooping up bitcoin this year as the price more than doubles. Investors who bought at least 1,000 bitcoins — worth roughly $23 million at Friday’s price — and have had an account open for less than a year, drove significant
Traders work on the floor of the New York Stock Exchange. NYSE Electric vehicle maker Tesla is poised to enter the S&P 500 in what will be the largest rebalancing in the history of that index. The new index with Tesla in it begins trading on Monday, but all the trading action happens at the
Traders work on the floor of the New York Stock Exchange. NYSE The stock market appears set on rising into 2021 — a year expected to see some return to normalcy, above trend economic growth, and a higher stock market, according to Wall Street. Even with this year’s sharp sell-off, the S&P 500 is notching
Yesterday’s Bitcoin (BTCUSD) price increase had a similar effect on the prices of investment products associated with cryptocurrencies. Most of them were hit with a pleasant initial jolt in prices as news of the cryptocurrency’s new price record price made its way to the markets. By the end of the day, some had shed their
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
It’s not the sexiest of this year’s initial public offering (IPO) crop, but Palantir (NYSE:PLTR) is adding to the chatter that 2020 is looking a lot like the 2000 dot com bubble. In fact, up almost 187% year-to-date (YTD) and trading at a staggering 44.76 times sales, Palantir stock does little to reject the bubble
Canoo may have unveiled a new electric delivery van today, but shares of Hennessy Capital (NASDAQ:HCAC) were not driving higher. In fact, HCAC stock actually closed out Thursday down by more than 5%. So what do investors need to know ahead of the Canoo SPAC merger? And is the downturn in HCAC stock reversible? Source:
AST’s corporate headquarters and high-volume manufacturing facility in Midland, Texas AST & Science Special purpose acquisition company New Providence will take next-generation satellite broadband specialist AST & Science public through a SPAC deal that gives the space company an equity value of $1.8 billion, the firm announced on Wednesday. AST will list on the Nasdaq
Check out the companies making headlines in after hours trading. FedEx — Shares of the shipper slid more than 3% in after hours trading despite FedEx beating top and bottom line estimates during the second quarter. For the period the company earned $4.83 excluding items, on $20.56 billion in revenue. Analysts surveyed by Refinitiv expected
Short-term investments can include a number of possible investment vehicles. Marketable equity securities are just one of the possible choices a company might make for short-term investments. Short-term investments vary widely among different businesses. Major corporations typically have billions of dollars in short-term investments that are managed by professional investment firms. For such corporations, cash management
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
One year ago, Plug Power (NASDAQ:PLUG) was a little known supplier of hydrogen fuel cells for forklifts that — much like the broader hydrogen market itself — had a history of false starts and empty promises. PLUG stock was trading hands around $3. Source: petrmalinak / Shutterstock.com A year later, that little known hydrogen fuel
Do you have a pair of scissors handy? You may need them, as news today looks like further evidence that it is past time to cut the cord and embrace streaming TV plays. On Thursday afternoon, FuboTV (NYSE:FUBO), a smaller player in the space, is up big. So what is behind the move in FUBO
The Robinhood investment app is see on a smartphone in this photo illustration on June 24, 2020 in Washington,DC. Jim Watson | AFP | Getty Images This is a developing story. Check back for updates. The Securities and Exchange Commission on Thursday charged Robinhood with deceiving customers about how the stock trading app makes money
The Roku 3 television streaming player menu is shown on a television in Los Angeles, California, U.S., on Thursday, Sept. 12, 2013. Patrick T. Fallon | Bloomberg via Getty Images Here are the stocks making headlines in midday trading: Roku — Shares of Roku gained 3.5% after the streaming company announced it will carry HBO
Changes in interest rates can have both positive and negative effects on the markets. Central banks often change their target interest rates in response to economic activity: raising rates when the economy is overly strong, and lowering rates when the economy is sluggish. In the U.S., when the Federal Reserve Board (the Fed) changes the
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