As Republicans in Congress make a new push for federal legalization of cannabis, it’s a good time to hold some quality cannabis stocks. It’s expected that the legal cannabis market could be worth $100 billion in the United States alone by 2030. Further, Canada is already an attractive market and medicinal cannabis is gaining traction
Stocks to buy
Five of the past eight trading days have ended in the red, driven by fears of inflation. Last week, the market was startled by the news that the Consumer Price Index (CPI) posted its largest month-over-month increase since 2009. Making matters worse was that CPI also had its largest year-over-year rise since 2008. Tech stocks
Cisco Systems (NASDAQ:CSCO) is like your favorite sports team, assuming you’re a real fan and don’t just follow whoever wins. It’s always wait until next year. Since its glory days during the dot-com era, when it was briefly the world’s most valuable company, CSCO stock has been regularly disappointing investors. It’s still about 35% below
When fuboTV’s (NYSE:FUBO) shares rapidly broke out of its trading range last November 2020, investors should have known not to chase it. Indeed, after the Nasdaq broke down in early February, FUBO stock also entered a bearish downtrend. Source: monticello / Shutterstock.com With FUBO stock sporting a short float of almost 15% and an unsustainable
Stem (NYSE:STEM) has a very profitable battery energy hardware and storage business that the market does not fully appreciate. Since going public via SPAC (special purpose reverse merger) on April 27, STEM stock has dropped 26% from $26.61 on April 28 to $21.10 on May 20. I think the stock is worth at least 71% higher
UWM Holdings (NYSE:UWMC) is a most interesting company. UWM, which is short for United Wholesale Mortgage, rose to prominence earlier this year thanks to the r/WallStreetBets excitement. Traders bid it up in hopes of a huge short squeeze. This did not happen. In fact, UWMC stock has crashed. However, unlike many Reddit stocks, this one
China’s so-called cryptocurrency farmers are driving a rally in shares of consumer disk-drive makers Seagate (NASDAQ:STX) and Western Digital (NASDAQ:WDC). These stocks have gained 20% and 12%, respectively in the last 5 trading days. In particular, the new green cryptocurrency called Chia (CCC:XCH-USD), launched earlier this month, has caused a sharp rise in demand for hard
Reportedly, cloud-based infrastructure company Snowflake (NYSE:SNOW) will report its financial results for the first quarter of fiscal-year 2022 (yes, you read that year correctly) on May 26, 2021. This leaves current and prospective SNOW stock investors with critical questions to consider. Source: Sundry Photography / Shutterstock.com Does it make sense to buy the shares now? Or,
Nio (NYSE:NIO), the Chinese electric vehicle (EV) maker, posted lower growth than expected in the first quarter and reduced its outlook for Q2. As a result, I have lowered my expectations as well. I now believe that Nio stock is worth no more than $38.58. That’s 15.4% above its closing price on May 14. Source:
With the market in correction mode, investors have the opportunity to buy some of the biggest technology trends at more reasonable valuations. The recent ransomware attack on Colonial Pipeline has one recurrent investment theme back in the spotlight: cybersecurity. The $162 billion cybersecurity market is expected to grow at a compound annual growth rate (CAGR)
With the markets trading near all-time highs, it doesn’t seem like this bull run will be ending any time soon. Even the novel coronavirus pandemic could not slow down Wall Street, which is powering along despite enormous external pressures. However, there is still a chance that a stock market crash could be around the corner.
There have been increasing concerns about accelerating inflation in the United States. The latest data indicate that consumer prices in the U.S. increased the most since fiscal year 2009. The policy response to rising inflation also seems uncertain. Recently, Treasury Secretary Janet Yellen said that “she wasn’t forecasting interest-rate increases to rein in any inflation.”
While the obvious impact of the novel coronavirus is seen in our daily lives — the facemasks, the social distancing and the occasional flare up when some folks lose their marbles — the pandemic has also deeply affected us in broader ways. For instance, that trip to Europe you’ve been saving for was cruelly taken
Nvidia (NASDAQ:NVDA) and NVDA stock have had a tumultuous eight months. This year alone, NVDA has gone on several runs, followed by steep drops. Shares have ranged in price, from a low of $462 in March to an all-time high close of over $645 in mid-April. Currently trading in the $560 range — off April’s
Since the onset of the pandemic in 2019, investors have paid special attention to pharmaceutical companies engaged in vaccine manufacturing and Novavax (NASDAQ:NVAX) has been making strong moves through the pandemic. Those who bought NVAX stock early have also taken home profits. Source: Shutterstock NVAX stock has fallen from the peak which makes it a great
The cyberattack that shut down U.S. gas pipeline Colonial Pipeline is a good reason for investors to take a renewed look at enterprise security stocks. There’s one name that’s been largely overlooked in this space: FireEye (NASDAQ:FEYE). Let’s take a look at why investors have been ignoring FEYE stock recently. And why that’s a mistake.
With novel coronavirus cases retreating sharply in the U.S., it’s only natural for consumer sentiment to return. And despite the growth of alternative energy and electric vehicles, that means increased demand for oil stocks. Nevertheless, many investors are undoubtedly concerned about putting money into “black gold” right now. Cyberattacks and fuel shortages certainly don’t help
Tech wrecks are common. Apple (NASDAQ:AAPL) stock is no exception. Source: WeDesing / Shutterstock.com We had one in February. We had one last August. There was another that March. We’re having another one now. All past tech downfalls have created opportunities. From new lows came new highs. Chart-watchers are wary this time because the bounce
At any point of time, it’s a good idea to have a portfolio that has aggressive stocks and safe stocks. The weight of safe stocks in your portfolio can be adjusted depending on economic news triggers or broad market valuations. Recently, Treasury Secretary Janet Yellen “conceded that interest rates may have to rise to keep
Roku (NASDAQ:ROKU) holds an interesting position in the video streaming war. The company is a long-time player — a streaming pioneer, really. Roku hardware and smart TVs running Roku software are in more American homes than any competing systems. Those Roku devices are typically used to access other streaming video services. However, Roku’s strategy of