After fuboTV (NYSE:FUBO) reported second-quarter earnings this month, I wrote in this space that I continued to have high hopes for FUBO stock. Source: monticello / Shutterstock.com The New York-based streaming television service was coming off an excellent earnings report, but I was more impressed with the company’s plan to grow its sportsbook offerings. “The
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Health conscious American millennials have found their drink of choice: alcoholic carbonated water that is lower in calories and carbs than beer and wine. A hard seltzer craze is sweeping the United States as Generation Y and Generation Z pursue healthier lifestyles, influenced by viral trends on Instagram and YouTube. TIMOTHY A. CLARY | AFP
Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Lululemon — Shares of the athletic retailer surged more than 10% in after hours trading on Wednesday after reporting fiscal
Investors looking to build their wealth over the long term have countless options in the market today, including domestic and international stocks. There are physical assets, such as real estate, in addition to the thousands of exchange-traded products available, and of course, thousands of individual stocks investors can buy. Not all are created equal, of
After a blistering rally over roughly the past month-and-a-half period, Bitcoin (CCC:BTC-USD) crossed over the all-important $50,000 level. Both a technical line of support and a key psychological threshold — we humans like round numbers — breaking past 50K set up a clear target to $60,000. From there, who knows what could happen to BTC
Virgin Galactic (NYSE:SPCE) is not that much of a bargain even though it faltered slightly last month. SPCE stock recently peaked at a close of $55.91 on Jun. 25. However, it soon tumbled to as low as $24.25 on Aug. 19. In fact, as of Sept. 7, it only closed somewhat higher at $24.61. I would
People walk past the New York Stock Exchange on Wall Street on May 10, 2021 in New York City. Angela Weiss | AFP | Getty Images Every morning, when I arrive downtown a little before 7 a.m., there’s a group of people who live in the neighborhood walking their dogs in front of the New
Electric vehicle maker Nio (NYSE:NIO) saw a dip in August deliveries and it led to a decline in NIO stock. However, Nio is not alone. Source: Carrie Fereday / Shutterstock.com The majority of EV makers saw a dip in deliveries due to chip shortage that is likely to continue for the near future. But this
In this article RKLB The company rings the Nasdaq bell from its headquarters on Aug. 25, 2021. Rocket Lab Khosla Ventures, the Silicon Valley venture capital firm founded by Indian-American billionaire Vinod Khosla, made multiple early bets on Rocket Lab that are paying off enormously now that the space company is public. The VC firm
In this article TSLA COIN CTXS PYPL NIO COUP Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq market site April 14, 2021 in New York City. Robert Nickelsberg | Getty Images Check out the companies making headlines before the bell. Coinbase — Shares of Coinbase fell 3.2% in early
This has been a tough year for EV stocks and SPACs. Add to that list the problems facing Canoo (NASDAQ:GOEV) stock. Source: shutterstock.com/rafapress GOEV stock is down 45% so far in 2021, falling to less than $8 per share. The company’s most recent quarterly report showed its losses mounting. And Canoo in May announced it was
As popular it may be, Nvidia (NASDAQ:NVDA) stock is not without its flaws. Source: JHVEPhoto / Shutterstock.com In recent years, the semiconductor giant posted impressive levels of growth. But already reflected in its valuation, shares could experience big declines if and when it starts to again fall short of expectations. That won’t weigh on shares
On Sept. 21, 2021, Investopedia will team with a fellow member of the Dotdash online publishing family, Verywell, in hosting a unique virtual conference, “Your Money, Your Health.” The investing-oriented panel discussions during that conference will include “Investing Through the Pandemic: How the Pandemic has Changed Investor Behavior and Impacted Global Markets” and “Healing the
Preston Pysh interviews Bill Barhydt, Founder of Abra, a Bitcoin borrowing and lending platform. They talk about policy, banking, building infrastructure, and much more. IN THIS EPISODE, YOU’LL LEARN: – Bill’s experience reading the Bitcoin white paper weeks after it was released – Why Bill wanted to build a Bitcoin bank right from the start
Prior to the meme-trading phenomenon, I supported the contrarian bullish case for cineplex operator AMC Entertainment (NYSE:AMC). In the many years leading up to the Covid-19 pandemic, streaming companies like Netflix (NASDAQ:NFLX) had been siphoning market share from the box office. Naturally, this dynamic put intense pressure on AMC stock. Source: QualityHD / Shutterstock.com Nevertheless,
The CEO of the investment firm running the world’s biggest bitcoin fund sounded off on comments made by Securities and Exchange Commission chair Gary Gensler about the likely approval path for the first U.S. bitcoin ETF. Michael Sonnenshein, CEO of Grayscale Investments, warned on Tuesday that the SEC would be making a mistake if it
In this article PPG MRK SPOT MTCH Mario Tama | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Spotify — The streaming company saw shares rise 2.8% after KeyBanc upgraded Spotify to overweight from sector weight. The firm said in a note to clients that the company was
Skillz (NYSE:SKLZ) stock appears to have climbed recently due to takeover speculation and a boost from Reddit traders. Source: NYCStock / Shutterstock.com But I believe that the takeover speculation is likely unwarranted, while SKLZ stock remains extremely overvalued. An Unrealistic Takeover Rumor A publication called CTFN suggested that a casino could look to buy Skillz
On the front-facing side of things, you might not find a better no-brainer (albeit highly speculative) narrative than Zomedica (NYSEAMERICAN:ZOM), the veterinary care specialist focusing on diagnostics platforms. Previously driven by intense meme pressure, ZOM stock found itself providing blistering returns before it all went sour. Source: Postmodern Studio / Shutterstock.com Unlike other meme trades
When I wrote about Support.com (NASDAQ:SPRT) and its reverse merger with a Bitcoin mining company, Greenidge, on April 8 I argued that it was worth 53% more, or $7.61 per share. Now, with the merger set for a vote on Sept. 10 and then closing shortly thereafter, SPRT stock closed Friday near $22 per share.