Who says you can’t teach an old dog new tricks? Certainly not General Motors (NYSE:GM), Ford (NYSE:F), nor Volkswagen (OTCMKTS:VWAGY). After years of getting their butts kicked by Tesla (NASDAQ:TSLA), these “old dogs” of the auto world are learning the “new tricks” of electric vehicles, and each are going all-in with EVs. This is a
Stocks to buy
It’s as if the pandemic crisis last year wiped all investor rhyme and reason. Suddenly there’s no in-between and everything is extreme. The days of doing homework and investing in an idea are on hiatus. Take Roblox (NYSE:RBLX), for example. RBLX stock cannot sit still for more than a few days at a time. It
Despite major indices appearing stretched, it’s readily apparent that investors are still eager to speculate. And naturally, it’s tempting to join in on the fun. But while I won’t actively discourage anyone from gambling, right now blue-chip stocks look far better than meme stocks, particularly those overlooked names. Let’s start off with the basic reason
For much of the year, Carnival Corporation (NYSE:CCL) traded in a steady uptrend. Unlike last year, when the world did not have a Covid-19 vaccine rollout, CCL stock stands a better chance of rewarding investors. The stock continues to find support on the 50-day moving averages. Source: Kokoulina / Shutterstock.com What are the positive catalysts
On June 28, Hyliion (NYSE:HYLN) is set to join the Russell 2000 and Russell 3000 indexes. With more than $10.6 trillion of assets benchmarked against Russell’s U.S. indexes, Hyliion, a provider of electrified powertrain solutions for commercial trucks, is bound to attract more attention from institutional investors after it’s added to the two indexes. That’s
IBM (NYSE:IBM) produced stellar first-quarter earnings on Apr. 19, with huge implications for the stock. Most importantly, the company’s cloud-based software earnings are now on a clear recurring growth path. I estimate IBM stock is now worth at least one-fourth more at $183 per share. Moreover, the stock is also cheap. Source: shutterstock.com/LCV IBM’s revenue
I ‘m still very upbeat on Arrival (NASDAQ:ARVL) and ARVL stock, due to the electric vehicle maker’s pioneering, low-cost manufacturing process and its huge partnership with UPS (NYSE:UPS). Source: Shutterstock Further, I think that other pundits and the financial news media may have been incorrect when they claimed that the stock’s recent surge was entirely
We’ve been pounding the table on Lucid Motors and Churchill Capital (NYSE:CCIV), the SPAC behind Lucid Motors, for a while now. We believe the company is in a prime position to steal significant market share from Tesla in the premium electric vehicle (EV) category over the next few years. Source: ggTravelDiary / Shutterstock.com Consequently, it’s a
Social momentum is not a permanent driving force. It causes stocks to rise, but it can’t sustain stocks at unprecedented levels all on its own. Once hype dies, meme stocks go down. If a company caught up in this kind of trading isn’t solid on its own, its stock goes down … a lot. For
Appian (NASDAQ:APPN) is a hypergrowth stock that has ebbed and flowed with the market gyrations of 2021. The company provides a low-code automation platform that businesses can use to create applications serving a wide variety of needs. And a lot of leading businesses use them. Source: JHVEPhoto / Shutterstock.com It crashed when hypergrowth stocks were
You know how everyone in the Star Wars universe says “the force is strong with this one”? Well, the “meme force” is strong with ContextLogic (NASDAQ:WISH). WISH Stock has been jumping for a while now due to meme mania. And it refuses to stop. Source: sdx15 / Shutterstock.com Yet again, the stock is moving higher.
It may not last forever. But, the Reddit stocks phenomenon is here to stay for now. It may go against the philosophy of investing legends like Warren Buffett. But, as retail investors continue to essentially gamble on stocks, with minimal interest or concern about their underlying fundamentals, there are likely still fast profits to be
Reuters reported on Jun. 16 that Nvidia’s (NASDAQ:NVDA) plans to close its $40 billion acquisition of U.K. chip firm Arm by March 2022 are looking less likely by the day. Of course, I’m sure this has owners of NVDA stock a little more nervous than usual. And there’s even a possibility that it might never
Yet another stock popped this morning thanks to Reddit-based investors. But unlike other meme stocks, Arrival (NASDAQ:ARVL), the company behind ARVL stock, will stand the test of time. Source: Arrival media So what exactly does the latest company to go meme-status actually do? Well, Arrival produces commercial electric vehicles, servicing the United Kingdom, United States
One of the most important and true maxims in the stock market is don’t fight the Fed. The U.S. Federal Reserve is the master of the financial universe. What its voting members believe, are enacted into monetary policy – the most important of which is the prevailing interest rate. That policy determines everything in the
One of the latest initial public offerings, Oatly (NASDAQ:OTLY) has so far avoided the curse that befell many IPOs before it. Though it’s not a guarantee that OTLY stock will continue moving northward, investors can take some encouragement from the auspicious start. Source: Katrinshine / Shutterstock.com Mainly, the company and its underlying oat-based alternative to
One of the great China growth stories in recent memory has been Alibaba Group (NYSE:BABA). Since its IPO in September 2014, BABA stock has been the face of Chinese consumer growth and created many billionaires in the process. Source: testing / Shutterstock.com Alibaba has alternately been called the Amazon (NASDAQ:AMZN), Ebay ( NASDAQ:EBAY), Paypal (NASDAQ:PYPL)
This past week, I told subscribers about the number one meme stock to buy today for a big near-term breakout. I said this stock could end up being the next GameStop… or the next AMC… or the next Clover… all of which managed to soar several hundred percent in a matter of weeks. Since then, that
You would be hard-pressed to match the run Zoom Video Communications (NASDAQ:ZM) shares had last year. With many Americans suddenly working from home and schools adopting remote learning, Zoom became the remote communication tool. Up until mid-October, when ZM stock peaked at $588.84, shares had gained over 730% in 2020. Source: Michael Vi / Shutterstock.com
At first glance, Rocket Companies (NYSE:RKT) looks like a sure-fire trading pick. It has a great name, tons of meme energy and solid fundamentals, as well. Rarely do you get the combination of both the Reddit crowd and a strong business with excellent earnings and prospects as well. And yet, RKT stock has failed to launch.