Stock Market

Overall, weed stocks could see higher highs. For one, according to a Gallup poll, support for legalization is now up to a new high of 68%. That’s now double the 34% approval rating of 2000. Even the Pew Research Center found that 91% of U.S. adults say cannabis should be legal for medicinal and recreational

Investor interest in SPAC (special purpose acquisition companies) continues to wane. Especially for EV (electric vehicle) SPAC plays like Churchill Capital IV (NYSE:CCIV) stock. As you likely know, this blank-check company is merging with EV startup Lucid Motors. Lucid may be laying down the foundation to become a profitable high-end electric vehicle maker. Source: ggTravelDiary

When it comes to Chinese cryptocurrency miner SOS Limited (NYSE:SOS), the risk is just too great to justify taking a position.  Source: Mark Agnor / Shutterstock.com Cryptocurrencies and the shares of the companies that support them are risky enough on a good day. But investing in a “blockchain services company” based in China, where the rule

Rocket Companies (NYSE:RKT), home of Rocket Mortgage and Quicken Loans, is a massive direct-to-consumer mortgage lender. It’s the same business model GEICO uses to sell car insurance without agents. Source: Lori Butcher / Shutterstock.com Rocket has become the largest mortgage lender in the U.S, according to its CEO. That’s great. However, this also means that

Though many publicly traded companies enjoyed surprisingly robust demand following the initial onslaught of the novel coronavirus, very few delivered the gains that Plug Power (NASDAQ:PLUG) did to its lucky stakeholders. On April 20, 2020, PLUG stock closed at $4.42. Following a series of frenetic trades, shares eventually found themselves at $73.18 on Jan. 26,

Everyone loves the disrupters Cathie Wood buys for her ARK Innovation ETF (NYSEARCA:ARKK). But there are older tech stocks out there that still represent innovation. While ARK favorites like Tesla (NASDAQ:TSLA), Coinbase (NASDAQ:COIN) and Zoom Video (NASDAQ:ZM) look overvalued, investors may be missing some bargains. These companies were big long before the cloud was even

Generally, I try to avoid becoming overly negative on a particular company. Based on Murphy’s law, such negativity results in the target firm becoming one of the top-performing hypergrowth securities. But regarding Canoo (NASDAQ:GOEV), I have doubts. From where I stand, everything that could go wrong for the company, did go wrong. Logically, this bodes

There is a bull case for AMC Entertainment (NYSE:AMC) stock. To be clear, I don’t subscribe to that case. But as with nearly every stock out there, a reasonable investor can make a case for being long. Source: QualityHD / Shutterstock.com The end of the novel coronavirus pandemic should boost the company’s revenue after an

There may come a time when the once-hyped real estate loan originator UWM Holdings (NYSE:UWMC) will have its day in the sun again. Until then, we’ll have to wrap our heads around the surprisingly low price of UWMC stock. Source: Shutterstock For six years running, UWM Holdings has been (according to the company, at least) America’s

Gold and silver miners in North America will start reporting their first-quarter earnings reports the week of April 26. Gold stocks have been tracking the gold price, which means the economic recovery has weighed on their performance. Source: allstars / Shutterstock.com In a recent note, RBC Capital Markets analyst Josh Wolfson and his team outlined what

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

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

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.

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

Riot Blockchain (NASDAQ:RIOT) announced on April 12 its first quarter mining production numbers. In addition, the company provided its ultimate Bitcoin (CCC:BTC-USD) production estimates based on its expected mining hash rate over the next year and a half or so to the end of 2022. As a result, it looks like RIOT stock could still

First-quarter earnings season kicked off last week. With 23% of the U.S. vaccinated, businesses steadily re-opening, and trillions of dollars of monetary fizz getting pumped into the market, it’s no surprise that investor confidence is at an all-time high. Risk-taking is the new normal. And that makes the tug-of-war between Wall Street and Main Street

When I last discussed TPG Pace Beneficial (NYSE:TPGY), I voice some skepticism regarding the special purpose acquisition company. Scheduled to reverse merge with EVBox, an electric vehicle charging solutions provider, the outside fundamentals seemed supportive for TPGY stock. Source: VanderWolf Images / Shutterstock.com After all, everybody was going crazy for electric vehicles, which bode well

Aphria (NASDAQ:APHA) stock is facing a challenging period following its third quarter earnings disappointment.  Source: Shutterstock Aphria announced fiscal year 2021 third quarter financial results on April 12. The news was bad, and as a result share prices plunged. Next, on April 14, Aphria will hold a special meeting for shareholders to approve the Aphria-Tilray

Covering stocks, every once in a while an editor throws you a “Geez, Louise” assignment. That’s how it was with this request to cover C3.ai (NYSE:AI). Still, as one of the most hotly anticipated market debuts, I realized that AI stock charmed investors early on but has since left them bitterly disappointed. Source: Shutterstock When

Among the most beaten-down market sectors during the onset of the novel coronavirus was the cruise-line industry. For a while, it seemed as if the investing community hated Norwegian Cruise Line (NYSE:NCLH). The share-price rout in NCLH stock was absolutely relentless. Source: Roberto Sorin / Shutterstock.com Things certainly have changed during the past year, however. Today,