Thomas Siebel, the founder of Siebel Systems (later sold to Oracle (NYSE:ORCL)), took his company public, C3.ai (NASDAQ:AI) at $42 in December 2020. After peaking at $179 on Dec. 22, AI stock has drifted down to $58.74 as of May 5. However, it still trades at a very high valuation on a price-sales (P/S) multiple, despite
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After pulling back following last month’s “flash crash,” can Marathon Digital (NASDAQ:MARA) stock bounce back? Bitcoin (CCC:BTC-USD) may be rebounding, towards its all-time highs above $60,000. But, so far investors have been hesitant to bid up this crypto mining play from its current prices (around $31 per share), back up to prices topping $50 per
As I’ve said before, I truly hope General Electric (NYSE:GE) succeeds in its comeback. GE has been a great American company for decades, and it still has a massive workforce. But hope isn’t a reason to buy, or to recommend, GE stock. Source: JPstock/Shutterstock.com Admittedly, hope has driven General Electric’s stock higher over the last
Coinbase (NASDAQ:COIN) has been public for approximately three weeks as I write this. While it went out like a house on fire, jumping as high as $429.54 on its first day of trading (April 14), it finished the day up 31.3% at $328.28. Source: sdx15 / Shutterstock.com It’s been downhill ever since. Now trading a
The global electronic vehicle (EV) industry is rapidly growing and is flooded with companies focusing on climate change. As countries across the world begin reducing carbon emission and increasing sustainability, EV manufacturers are making the most of the moment. One such automaker is Fisker (NYSE:FSR). FSR stock gained recognition and popularity when the company unveiled its
Virgin Galactic (NASDAQ:SPCE) and SPCE stock are a perfect example of what is wrong with special purpose acquisition companies (SPACs). Source: Tun Pichitanon / Shutterstock.com As Groucho Marx said in The Cocoanuts nearly a century ago, “You can have any kind of a home you want. You can even get stucco. Oh, how you can
There are two figures that highlight the case for and against Nio (NYSE:NIO) stock. Source: Sundry Photography / Shutterstock.com The bull case is strengthened by the fact that NIO stock has pulled back 43% from its January highs. Obviously, that fact alone doesn’t make the shares worth buying. The massive rally of electric-vehicle stocks that
For multiple reasons, I believe that Skillz (NYSE:SKLZ) stock looks to be meaningfully overvalued at its current levels. Therefore, I recommend that investors sell this name. Source: Dean Drobot/Shutterstock.com I’m not at all convinced that the popularity of esports in the U.S. will ever become strong enough to come close to supporting the current, high
Sundial Growers (NASDAQ:SNDL) is one of many Canadian cannabis stocks that has become a hot stock on message boards and one of the “ground floor” opportunities in the sector. Source: Shutterstock But before we get into the particulars, I want to explain a broader point on this sector. The quote about let a hundred flowers
AT&T (NYSE:T) continues to face strong pressures on multiple fronts and the company’s longer term outlook appears to be particularly negative. As a result, I recommend that investors sell T stock into its recent strength. Source: Jonathan Weiss/Shutterstock Although AT&T reported better-than-expected first-quarter results on April 22, driven by the strength of its mobility business,
Warren Buffett is widely regarded as one of the most successful investors of all time. Yet, as Buffett is willing to admit, even the best investors make mistakes. Buffett’s legendary annual letters to his Berkshire Hathaway shareholders tell the tales of his biggest investing mistakes. There is much to be learned from Buffett’s decades of
The Bitcoin blockchain is essentially an enormous, shared, encrypted list of all addresses that hold Bitcoin balances. Every new block represents the latest update to account balances. A block simply refers to a set of Bitcoin transactions that are related because they took place within the same time period. New blocks are created after further mining
The term wrap account was created to refer to a product offering a multitude of services “wrapped” in a single fee. When the wrap business was a rather obscure niche product used primarily by institutional investors and ultra-high-net-worth individual investors, everyone involved in the wrap industry understood the terminology and the product’s benefits. Since then, however,
Bitcoin futures contracts were launched in December of 2017, and have already gained traction in the market. Many market participants, who cannot hold spot positions in bitcoin cryptocurrency due to compliance regulations, can now trade bitcoin futures contracts. Futures contracts also offer risk mitigation and hedging possibilities. Amid increasing participation in bitcoin futures trading, here’s a
What Is a Tax Credit Property? A tax credit property is an apartment complex or housing project owned by a developer or landlord who participates in the federal low-income housing tax credit (LIHTC) program. These developers and landlords can claim tax credits for eligible buildings in return for renting some or all of the apartments
When you review a company’s balance sheet or income statement, you run into a breakdown of cash flow. Ostensibly, the cash flow is the difference between how much money is generated versus how much is spent on operations. However, it isn’t always that straightforward. Companies are fully aware that investors and lenders are monitoring their
What’s left to say about Bionano Genomics (NASDAQ:BNGO) that hasn’t been said before? Not much. But if we let the price chart of BNGO stock do the talking, it could be a double bottom that’s worthy of consideration from today’s investors. Source: Shutterstock Look out below! That’s what some might see if they bothered to
Over the trailing year, we’ve seen one of the most paradoxical developments in modern history. Despite suffering the ravages of a once-in-a-century pandemic, the equities market has gone on to set record milestones. Even now, the recovery is a tentative one — yet certain investments, including cyclical stocks, continue to post impressive numbers. Based on
AMC Entertainment (NYSE:AMC) reported its first-quarter results on May 6 after the markets closed. As expected, the results were dreadful. However, AMC stock is up more than 5%. Source: Sundry Photography / Shutterstock.com Its pre-market gains aren’t the only silver lining with its latest quarterly results if you own AMC. Thanks to almost no business
On April 10, I said that QuantumScape (NYSE:QS) was a long-term home run under $42 a share. A month later, QS stock is down almost 32% as I write this and 64% year-to-date. Source: Michael Vi / Shutterstock.com While I think the company’s vision for next-generation solid-state lithium-metal electric batteries is completely righteous, not everyone