Based in Delaware, popular cryptocurrency trading platform Coinbase Global (NASDAQ:COIN) makes the world of crypto investing easily accessible. However, just because the platform is popular doesn’t mean that Wall Street is currently enamored with COIN stock. Source: OpturaDesign / Shutterstock.com Indeed, the stock has fallen under major selling pressure lately. When the tide of sentiment turns
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QuantumScape (NYSE:QS) a development stage company focusing on the commercialization of solid-state batteries for the EV industry would like to put away as quickly as possible its stock price performance in 2021. Source: Michael Vi / Shutterstock.com At the close of the U.S. stock market on Dec. 20, 2020, QS stock price of $23.67 had
Over the past year, casino stocks have been devastated by the novel coronavirus pandemic. Just take a look at some of the losses a handful of major players in the sector have seen: Las Vegas Sands (NYSE:LVS) fell from a January 2020 high of $74.29 to now sitting at $35 Wynn Resorts (NASDAQ:WYNN) fell from
Lucid Group Inc (NASDAQ:LCID) has kept things interesting for investors in 2021. The past month or so has been particularly challenging. LCID stock reached major highs in November as the company and its investors celebrated big milestones. Source: ggTravelDiary / Shutterstock.com However, December has been a dumpster fire in comparison. And with shockers like an
If you’re short Digital World Acquisition Corp (NASDAQ:DWAC), I hate to disappoint you. Unfortunately, the latest news from Trump Media & Technology Group (TMTG) won’t cause DWAC stock to tumble. Source: Joseph Sohm / Shutterstock.com On Dec. 14, TMTG announced that it was partnering with Rumble, the Toronto-based video platform. As part of the agreement,
The first time I wrote about Digital World Acquisition Corp (NASDAQ:DWAC) and DWAC stock, I gave Donald Trump the benefit of the doubt. Source: Dmitry Demidovich/ShutterStock.com “There is no question he brings a different mindset to social media, which ought to create some real buzz with a particular segment of the American population,” I wrote
Fat search profits have made Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) stock 2021’s hottest “Cloud Czar.” Source: achinthamb / Shutterstock.com The company has earned $103.84 per share over the last four quarters. That let the stock rise 65% while the price to earnings ratio remained at an almost-reasonable nearly 29. Google’s early dominance was based on search advertising.
BlackBerry Limited (NYSE:BB) as 2021 is coming to its end, should terminate once and for all its meme stock status that sent it to perform relatively well amid poor fundamentals. Instead, the best option to survive and become a leader in the technology sector would be to find its economic moat and explore it as
Falling knife or bottom fisher’s buy? That’s the debate among investors and market pundits when it comes to AT&T (NYSE:T). Sinking around 21% this year following a negative reaction by dividend investors to its restructuring plans, on one hand T stock looks like a deep value play. Source: Roman Tiraspolsky / Shutterstock.com At least, that is
It’s the disclosure that everyone interested in the investment markets were waiting for. As InvestorPlace financial news writer Samuel O’Brient noted, the Federal Reserve recently met to discuss current economic challenges, particularly the soaring inflation rate. While the subsequent answer soothed benchmark indices, it leaves a question mark for SoFi Technologies (NASDAQ:SOFI), particularly as SOFI
Facebook, now known as Meta Platforms (NASDAQ:FB), is still the same company we’ve all known for years in some respects. For example, Mark Zuckerberg is still the CEO and the company still trades on Wall Street as FB stock (although the ticker may change in early 2022). Source: Blue Planet Studio / Shutterstock.com Also, the Facebook social
We’re past the point of denial about meme stocks. What looked unsustainable nine months ago is proving to have staying power. Retail investors continue to identify their favorite stocks and drive up the price. The bullish case for meme stocks says that retail investors, with more research available to them than ever before, are willing
DigitalOcean (NASDAQ:DOCN) stock is a growth name in a time of value. DigitalOcean nearly matched its 2020 revenue in the first three quarters of 2021. Its losses are narrowing and operating cash flow has skyrocketed. There’s nothing wrong with the cloud hosting company’s operations. Source: monticello / Shutterstock.com What’s wrong is its valuation in the
Cryptocurrency exchange Bakkt Holdings (NYSE:BKKT) was a hot IPO in October. In December, it’s as cold as ice. BKKT stock has plummeted nearly 70% in the past month and a half. Source: Shutterstock Bakkt’s majority owner is Intercontinental Exchange (NYSE:ICE), which owns the New York Stock Exchange. The idea was to link the worlds of
Upstart (NASDAQ:UPST) has been one of this year’s top performers. Shares of UPST stock are up over 260% year-to-date (YTD), from around $40 at the start of 2021 to $151 as of the close of Dec. 13. Source: Postmodern Studio / Shutterstock.com You probably wouldn’t realize that if you’ve just tuned into the Upstart story, however.
While Digital World Acquisition Corp (NASDAQ:DWAC) might be on everyone’s mind at the moment, my nominee for most controversial publicly traded company in recent memory would still have to be Palantir Technologies (NYSE:PLTR). Not only is the company involved in some questionable activities, PLTR stock continues to baffle investors by rarely steering into the lanes
As much as I’d like to pitch three bullish ideas, Monday’s market meltdown doesn’t allow it. My watch list is a sea of red, and the usual suspects are tumbling. Reopening plays, small caps, once-loved-now-loathed growth stocks — down, all down. I’ve scanned the top losers on the session and found plenty of fodder for
C3.ai (NYSE:AI) stock has had a miserable 2021. Shares that started the year trading at $131 per share are ending it near $33 per share. For those scoring at home, that’s a 75% drop. Source: Shutterstock Despite this, there are analysts who say you should buy it. The shares rose nearly 5% on Dec.9 after what
The day after Buzzfeed (NASDAQ:BZFD) stock came public, The New York Times ran its obituary: “BuzzFeed was once on the vanguard of digital media companies,” the story began. Source: 1000Photography / Shutterstock.com Note the use of the past tense. Buzzfeed, which has no paywalls to limit reach, fell 11% in its first day of trading
After running hot for a few weeks, excitement has cooled for Progenity (NASDAQ:PROG). Less than a month ago, it was trading for as much as $6.20 per share. But since then, PROG stock has fallen by around more than 50%, and trades for around $2.50 per share today. Source: motorolka / Shutterstock.com Is this a
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