DraftKings (NASDAQ:DKNG) is one of the leaders of the online betting industry. That sector has rapidly-emerged over the past few years as many states have legalized online gambling. Formerly just the domain of Nevada and New Jersey, online gambling.is now legal in many regions of the country. Stuck at home during the pandemic and flush
Stock Market
For the past two months, Palantir Technologies (NYSE:PLTR) has been in sell-off mode. Due to disappointing earnings, plus the cycling out of tech growth stocks ahead of planned rate hikes, PLTR stock has dropped from around $26.75 per share to around $16.75 per share. Source: Ascannio / Shutterstock.com Bouncing back in recent days, after falling down to
ContextLogic (NASDAQ:WISH) stock has left most investors wishing that they’d never heard of the company in the first place. The e-commerce firm went public in December 2020 and appeared to have bright prospects. It was growing at a rapid clip and seemed to have a unique model that would earn it a solid place in
Fourth quarter earnings season is underway and expectations are running high. Data from FactSet shows that companies listed on the S&P 500 index are forecast to generate an average 21.7% year-over-year increase in earnings per share for the fourth quarter of 2021. If accurate, the growth would represent the fourth consecutive quarter where corporate earnings
Chinese automaker Nio (NYSE:NIO) has several strengths, including its innovative battery-exchange program, significant sales growth and its pending expansion into multiple overseas markets. Yet, NIO stock is down 50% in the past year. Source: Andy Feng / Shutterstock.com Maybe that’s because in the past several months, the company’s sales growth and financial results haven’t been
Investors surely had dreams of Virgin Galactic (NYSE:SPCE) stock going “to the moon” after Sir Richard Branson’s historic space flight last summer. They’ve been sorely disappointed. SPCE stock is down 80% since Branson became the first of the billionaire space company founders to take his own craft to outer space. Source: Christopher Penler / Shutterstock.com
Electric vehicles are likely to remain a key investment theme through 2022. However, as competition in the industry intensifies, investors need to be increasingly selective in choosing EV stocks. Lucid Group (NASDAQ:LCID) stock is one stock that deserves a place in the portfolio. The LCID stock price is up 8.83% so far in 2022. Source:
Shares of GameStop (NYSE:GME) have rewarded investors very well in 2021. The stock had gains of about 250% for the past year with a closing price of $128.06 on Jan. 12. 2022. On the other hand, GME stock has already losses of 15% in 2022. The erratic moves of the stock with a 52-week range
2021 was an incredibly interesting year, particularly when it came to the best-performing stocks. That’s as high-growth stocks were annihilated. Above all, though, the S&P 500, Nasdaq Composite and Dow Jones Industrial Average came into 2022 at or near their highs. But due to the underperformance of our typical winners — heck, even FAANG was mostly
With the Fed’s latest moves raising concerns that the “everything bubble” has more room to deflate, hot stocks may seem like the last area you should invest in right now. Sentiment for crypto, tech stocks, and speculative growth plays may be shifting. But that doesn’t mean you should avoid every stock that was red hot
You can almost feel the love when it comes to Chinese electric vehicle maker XPeng (NASDAQ:XPEV). Investors poured it on yesterday, pushing XPEV stock up 7.34%. Source: Andy Feng / Shutterstock.com There is a lot to love. Sales for the third quarter, reported in November, were up 52% from the previous quarter, 187% higher than
With Covid-19 concerns fading and travel stocks attracting attention in today’s market, it is only natural that investors will be looking to capitalize on this opportunity. The United States just removed its travel restrictions for international travelers and other countries are following in its footsteps. The White House has announced that Dr. Anthony Fauci, the
2021 was the year of the meme stock, and of the most notable Reddit short-squeeze targets was global movie-theater chain AMC Entertainment (NYSE:AMC). And just as the meme-stock story arc played out, AMC stock soared high and crashed hard. Source: Helen89 / Shutterstock.com It was a once-in-a-lifetime spectacle as retail traders resuscitated AMC from the theater-clearing impact of
Ever since Block, Inc. (NYSE:SQ), formerly known as Square, released its earnings for Q3 on Nov. 4, its stock has been in a free fall. As of Nov. 3, it was $252.48, but by Friday, Jan. 7, SQ stock closed down $110.90 to just $141.54. That represents a decline of 43.9% in just over 2
Vaxart (NASDAQ:VXRT) is a clinical-stage biotech company focused on commercializing orally-delivered vaccines. VXRT stock has been volatile in 2021, thanks to hopes and setbacks related to its potential Covid-19 vaccine product. Source: Ascannio / Shutterstock.com However, Vaxart is more than just a quick Covid-19 play. The company’s platform, more broadly, is focused around trying to make
Cannabis operator Sundial Growers (NASDAQ:SNDL) stock has had a wild ride. Sundial was a hot stock in 2019, it went to almost zero in 2020, and then came roaring back amid the WallStreetBets excitement. Source: Jetacom Autofocus / Shutterstock.com Sundial had a fairly underwhelming 2021 from a stock perspective, as shares slumped back under a dollar.
Editor’s Note: This article is regularly updated to bring you relevant, up-to-date information. Earnings reports season gets off to a slow start next week before a number of banks and financial companies report their latest quarterly results on Friday, Jan. 14. The bank earnings will be closely watched, especially given that bank stocks, as a
In 2020, every macro trend could not go more right for Peleton (NASDAQ:PTON) and PTON stock. Last year was, at-best, mediocre period for the exercise-equipment maker in terms of the macro situation. And late last year, the situation turned quite negative for the company and its shares. Source: JHVEPhoto / Shutterstock.com Now all signs are
AT&T (NYSE:T) is recovering from a government agency dispute threatening to slow deployment of 5G services. As such, further gains in T stock will be hard to come by. Source: Jonathan Weiss/Shutterstock The Federal Aviation Administration (FAA) had raised concerns of interference between the “C Band” frequencies AT&T bought in last year’s spectrum auction, and
Online trading platform Robinhood (NASDAQ:HOOD) has its fair share of detractors. Critics claim that the company takes advantage of retail investors, has turned buying and selling stocks into an addictive game and is not upfront about the fees it charges for making trades on its platform, a worrying trend for investors looking at Robinhood stocks.
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