Plug Power (NASDAQ:PLUG) stock zoomed from a mere $3 to $28 during the year. The last time the company posted such staggering gains was back in the dot-com boom. But of course, this was short-lived. Plug Power stock would then go into a long-term bear mode. It was horrible. Source: Alexander Kirch / Shutterstock.com So
Lyft (NASDAQ:LYFT) hasn’t managed to catch much of a break since its initial public offering (IPO) on March 28, 2019. Since then, Lyft stock has been repeatedly walloped to the point that it is down 40% post-IPO. But, more than a year later, has the popular ride-sharing company’s luck finally improved? Source: Tero Vesalainen /
In a classic lesson of buying low and selling high, CNBC’s Jim Cramer on Thursday recommended investors trim their holdings in a number of speculative stocks he recently said are worth owning. After some of the stock picks put up triple-digit gains in a short timeframe, he advises trading at least the cost basis, or
People wearing face masks are seen inside a Tesla showroom at a shopping mall in Wuhan, Hubei province, the epicentre of China’s coronavirus disease (COVID-19) outbreak, March 30, 2020. Aly Song | Reuters Tesla’s entry into the S&P 500 could be anything but a quiet ride, and it is likely to put downward pressure on
What Are Stock Exchanges? A stock exchange does not own shares. Instead, it acts as a market where stock buyers connect with stock sellers. Stocks can be traded on several exchanges such as the New York Stock Exchange (NYSE) or the Nasdaq. Although most stocks are traded through a broker, it is important to understand
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
Among large-cap semiconductor names, Nvidia (NASDAQ:NVDA) is a story unto itself. Buoyed by the familiar catalysts of data centers and graphics processing units (GPUs), NVDA stock is up over 120% year-to-date (YTD) and is one of the biggest domestic chip manufacturers by market capitalization. Source: Allmy / Shutterstock.com As of Dec. 11, Nvidia is off
American Airlines (NASDAQ:AAL) is taking part in the vaccine rally. Shares of AAL stock are up more than 38% over the last 30 days. And although there’s been other news, I have to believe it’s mostly due to the hope that stems from multiple novel coronavirus vaccine candidates. Source: GagliardiPhotography / Shutterstock.com But American knows
Jeffrey Ubben Source: BusinessWire Activist Jeff Ubben thinks the market is mistakenly underappreciating Strategic Education because it is a for-profit education company. His firm, Inclusive Capital, has a more than 5% stake in Strategic Education. Since early June, the stock is down more than 40%, while the S&P 500 has rallied more than 12%. For-profit
Check out the companies making headlines in midday trading. Snowflake — Shares of the data-warehousing software maker slid more than 4% after Deutsche Bank downgraded the stock a hold rating. “Pent-up demand for high-multiple names, such as Snowflake, may be limited as we wrap up 2020 and investors look to protect their year,” the firm
What Is a No-Deal Brexit? With the Dec. 31, 2020, deadline for a trade agreement between the European Union and United Kingdom approaching, the risk of a “no-deal Brexit” is mounting. When the U.K. initiated Brexit—its exit from the EU—on Jan. 31, 2020, the Withdrawal Agreement provided 11 months for negotiating a new trade relationship and
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
Tobacco stocks have long been a favorite among income investors. Why? For one, they often pay high dividend yields above 5%. A select few have also maintained long histories of raising their dividends, even during recessions. On top of that, the industry enjoys multiple advantages that make it attractive for investment. The best names in
There is something interesting about Pinterest (NYSE:PINS), which has been roasting its way higher lately. In fact, PINS stock is up 217% over the last six months and 462% from the March low. Source: Nopparat Khokthong / Shutterstock.com But that’s not the interesting thing about this stock. Instead, it’s how investors have been classifying its
If there’s one thing we can all agree on right now, it’s that we’re ready for 2021. Source: Shutterstock This year has been one of surprises — most of them unpleasant. It seems forever ago now, but 2020 actually got off to a great start. The Dow rose to an all-time high in the first
Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, December 1, 2020. Susan Walsh | Pool | Reuters The Federal Reserve heads into its meeting next week in a familiar place, with a teetering economy that could be in
Traders work on the floor of the New York Stock Exchange. NYSE The week ahead is so jam-packed for markets that it could determine whether there will be a smooth glide path for a Santa rally into the end of the year. First, Congress looks set to fight down to the wire about a pandemic
Every year, millions of Americans patiently wait for weeks to receive all of their necessary tax forms in the mail, dutifully gather them together and prepare their returns, and wistfully contemplate what they could have done with the dollars that went to Uncle Sam and their state governments. But not everyone is subject to this
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
At the beginning of October, I wrote that BP (NYSE:BP) was worth about $21 or so, based on its historical yield and the company’s cash flow. Now, however, BP stock has touched $22 in the past two months. I believe the stock will stay close to these levels unless something changes. Source: Shutterstock For example,