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
We are finally at the tail end of a horrific year on Main Street. It has been the exact opposite on Wall Street because stocks are still setting new records despite all of this year’s madness. There have been tremendous winners and among them is Square (NYSE:SQ) stock, which we will discuss today. Source: IgorGolovniov
I’ve been skeptical toward Landcadia Holdings II (NASDAQ:LCA) stock for some time now. Of late, the market has disagreed. Indeed, LCA stock has posted a nice rally since late October. It’s nearly doubled over that stretch, from under $12 to a current price over $23. Source: Stokkete/ShutterStock.com From a distance, there’s some logic to the
Microsoft Corporation (MSFT) has joined a group of leading technology companies that have filed an amicus brief with the United States Ninth Circuit Court of Appeals in support of a lawsuit by Facebook, Inc. (FB) subsidiary WhatsApp Inc. against spyware vendor NSO Group Technologies Limited. Facebook-owned messaging service WhatsApp sued NSO Group in 2019, alleging
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
Digital payments processor PayPal (NASDAQ:PYPL) is a well-known name among merchants and customers alike. It’s also quite familiar to market traders as PayPal stock has rocketed higher in 2020. Value-focused investors might balk at the idea of buying PayPal stock after its incredible run-up. However, the company’s strategic moves indicate that there could be more gains
Of the five so-called “Cloud Czars,” or tech companies that own their own cloud computing centers, the quietest is Microsoft (NASDAQ:MSFT) and Microsoft stock. Source: The Art of Pics / Shutterstock.com Small wonder that they’re the one big tech company Citicorp thinks can outperform next year. This is one of its analysts’ best ideas for 2021.
Take a look at some of the biggest movers in the premarket: FireEye (FEYE) – The cybersecurity firm’s stock is 2% lower in premarket trading, after rising for four straight sessions and eight of the past 10, gaining more than 78% over the latter stretch. Shares of this and other cybersecurity firms have been rising,
Treasury inflation-protected securities (TIPS) are popular with bondholders, particularly when the economy isn’t performing well. For many investors, TIPS seem like an obvious choice when there is above-average uncertainty about inflation and market returns. Unfortunately, TIPS do not always live up to their billing, primarily because most people don’t understand this investment as well as
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
The past two months have brought relief and recovery to airline stocks. Boeing (NYSE:BA) has been bid up alongside the industry allowing Boeing stock bulls to establish a foothold. Source: Alex JW Robinson / Shutterstock.com With the turnaround, the price trend has improved dramatically and looks healthier than at any point in 2020. Today we’re
In a year filled with amazing revelations, Wall Street managed to steal some of the spotlight. Specifically, 2020 saw the rise in popularity of special-purpose acquisition companies (SPACs). These corporations look for budding opportunities. In the process, they bring private companies to Wall Street without the hassle of an IPO (more on that later). This
Check out the companies making headlines in midday trading. Nikola — Shares of the electric vehicle company shed more than 3% as the stock continued its slide after the announcement of the end of a garbage truck development deal with Republic Services. The stock lost 10.7% on Wednesday. Wedbush Securities called the announcement “a tough
Do you know your insurance score? Most people don’t even realize they have one until they receive an adverse action notice in the mail notifying them that, based on their insurance score, they don’t qualify for the lowest pricing available from their insurance provider. To help you decipher what all this means, we’ll go over what the insurance
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
The shares of major cannabis stocks have been rising after Joe Biden won the presidential election. It’s generally believed that the president-elect will loosen cannabis regulations, paving the way for the drug to be legalized, both for recreational and medicinal purposes, in more states. It’s against this backdrop that Hexo (NYSE:HEXO) stock shot up after
After its recent IPO, you can say DoorDash (NYSE:DASH) stock is turning into a case of Main Street bulls versus Wall Street bears. That is to say, many may be interested in buying the food delivery company’s shares, given its novel coronavirus tailwinds. Source: Sundry Photography / Shutterstock.com But citing valuation concerns, some investing professionals
Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Liesa Johannssen-Koppitz | Bloomberg | Getty Images Tesla‘s S&P 500 inclusion will be officially completed at the open of trading Monday. The electric car maker will have a
Traders work on the floor of the New York Stock Exchange. NYSE At the close of trading next Thursday, the bull market will be ready to run into 2021 but probably at a slower pace. January is the month that Wall Street tradition says sets the tone for the year — “so goes January, so
Key Takeaways If you’ve sold your investments due to market ups and downs, reinvesting can help get your plan back on track. Staying disciplined with your saving and investing is key to helping account balances recover and achieving long-term goals. A financial plan is helpful when everything is booming, but it’s critical in economic downturns.