I have been really bullish on electric vehicle stocks and have my hopes pinned high for XPeng (NYSE:XPEV). But since reaching a record high in late November, XPEV stock has had a volatile run as the share price has been trimmed by half since then. Source: Andy Feng / Shutterstock.com With its strong presence in
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Chamath Palihapitiya is riding high these days. Wall Street’s biggest exponent of special-purpose acquisitions companies, or SPACs, is hoping to create as much wealth as Warren Buffett. He has a pretty good track record thus far. However, the one chink in his armor is Clover Health Investments (NASDAQ:CLOV). CLOV stock is down 36% in the last
SpaceShipTwo “Unity” on the runway after an aborted spaceflight test on Dec. 12, 2020. Virgin Galactic Shares of Virgin Galactic dropped in trading on Thursday, erasing its 2021 gains after founder Richard Branson sold more stock. The space tourism company’s stock has fallen 62% from its high above $60 a share in February, with losses
Chesnot | Getty Images Check out the companies making headlines in midday trading. UnitedHealth – Shares of health care giant jumped more than 3% after results topped the Street’s forecasts. Its adjusted earnings came in at $5.31 per share, exceeding the $4.39 per share expected by analysts, according to FactSet. UnitedHealth also raised its earnings
Rationality is coming back to the pricing of Zomedica (NYSEAMERICAN:ZOM) stock. Source: Postmodern Studio / Shutterstock.com Investors may have been highly bullish on the prospects of Truforma, the company’s veterinary diagnostics platform. But trading leaps and bounds above the potential long-term upside from this catalyst, it was inevitable shares were going to pull back in
The space economy’s potential has drawn a lot of attention from investors in the past couple of years. An array of privately held space stocks are listed on the stock exchange, of which many have taken the SPAC route. In fact, according to a Morgan Stanley report, the space economy could surge more than $1
The times are changing in the marijuana industry. Three years ago, traders were excited for the Canadian cannabis stocks. That country was about to open up its retail marijuana market and it seemed like the possibilities were endless. Fast-forward to now, however, and the Canadian pot companies have crashed and burned while American players have
James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, on Thursday, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley is set to report first-quarter earnings before the opening bell on Friday. Here’s what Wall Street expects: Earnings: $1.70 a share, 68%
Shipping containers are unloaded from ships at a container terminal at the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, April 7, 2021. Lucy Nicholson | Reuters If you’re wondering why your new couch is going to take three or four months to arrive, not
I’m a big fan of Chewy (NYSE:CHWY). My household was an early adopter of the service and at this point no doubt qualifies as a “power user.” I bought CHWY stock not long after its June 2019 initial public offering and added to my stake on weakness later that year. Source: Chie Inoue / Shutterstock.com
What stocks should you buy that blew up in the Archegos meltdown last week?
What Is Macaulay Duration? The Macaulay duration can be viewed as the economic balance point of a group of cash flows. Another way to interpret the statistic is that it is the weighted average number of years an investor must maintain a position in the bond until the present value of the bond’s cash flows equals the
UWM Holdings (NYSE:UWMC) has been receiving quite a bit of attention on Reddit. Despite the attention from this crowd that took Gamestop (NYSE:GME) to all-time highs, UWMC stock is on the downtrend. The stock has lost about half of its value from its all-time highs. Source: Dmitry Demidovich/ShutterStock.com It’s been a rough few weeks for
Since last November, it’s been investor perception rather than fundamentals driving price action in Palantir (NYSE:PLTR) stock. Trying to value this big data company’s shares using traditional valuation metrics has thus far been a fool’s errand. Source: Sundry Photography / Shutterstock.com You can say the stock’s rich valuation is built on its impressive growth projections.
SpaceX CEO Elon Musk raises his arms in celebration beneath a Starship rocket prototype under construction in Boca Chica, Texas. Steve Jurvetson on flickr Elon Musk’s SpaceX beat out teams led by Jeff Bezos’ Blue Origin and Leidos subsidiary Dynetics to win a nearly $3 billion contract to build NASA’s next crewed lunar lander, The
In this article PPG AA DKNG QS The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston on March 25, 2019. David L. Ryan | The Boston Globe via Getty Images Check out the companies making headlines after the bell on Thursday: QuantumScape
In theory, Skillz (NYSE:SKLZ) seems like a great idea. The company aims to be the first mainstream e-gaming platform. By allowing ordinary folks to compete for prizes in popular games like pool, bingo, or cards, it greatly expands the ecosystem. That was the theory, anyway, and SKLZ stock initially soared. Source: McLittle Stock / Shutterstock.com The
In 2019, Pfizer (NYSE:PFE) was just another pharmaceutical company. Then in 2020 into 2021, it achieved its moment of stardom with the development of its Covid-19 vaccine. It is no small feat to develop a vaccine in such a short period of time. In less than one year, the company had a vaccine to combat
The SPAC (special purpose acquisition company) craze of 2020 and 2021 may go down in the history books as one of the most speculative market situations in stock market history. 2021 has seen $166 billion in SPAC-led deals so far, more than double 2020’s SPACs issuance of $73 billion. There have been winners and losers
Friends spending the weekend in the shopping mall martin-dm | E+ | Getty Images Company: Genesco Inc. (GCO) Business: Genesco is a retailer and wholesaler of branded footwear, apparel and accessories that operates through four business segments: (i) Journeys Group, comprised of retail footwear chains and e-commerce operations; (ii) Schuh Group, which includes the Schuh