Back on March 23, 2020, I invested in Wynn Resorts (NASDAQ:WYNN) based on a belief that the casino industry would bounce back from the pandemic. A year later, I sold my WYNN stock and invested in MGM Resorts (NYSE:MGM) stock. Source: Michael Neil Thomas / Shutterstock.com I was very fortunate to time the market bottom
Stocks to buy
Social media has become an integral part of our daily lives. Currently, some 3.6 billion people across the globe use social media and that number is projected to increase to 4.41 billion by 2025. Further, “internet users spend an average of 144 minutes on social media per day.” These numbers are enough to trigger interest
Shares of life sciences company Bionano Genomics (NASDAQ:BNGO) have dropped more than 20% in the past month. The development is puzzling, considering how it upturned four consecutive quarters of revenue slump with its latest earnings results. Regardless, the pullback presents an excellent opportunity to buy BNGO stock at a discount. Source: Connect world / Shutterstock.com As
Editor’s note: This column is part of InvestorPlace.com’s Best Stocks for 2021 contest. Eric Fry’s pick for the contest is Osisko Gold Royalties (NYSE:OR). When the gold price is falling, one of the worst kinds of stocks to own is a gold stock. That’s why Osisko Gold Royalties Ltd. (NYSE:OR) stock has performed poorly so far this year.
Recently, Pershing Square Tontine Holdings (NYSE:PSTH) was a casualty of the selloff in the hot electric vehicle (EV) space and tech sector. Right now, shares of the special purpose acquisition company (SPAC) are down about 28% from PSTH stock’s 52-week high of $34.10. Source: Dmitry Demidovich/ShutterStock.com The pressure is finally getting to these risky SPAC
Editor’s note: This column is part of our Best Stocks for 2021 contest. Bob Ciura’s pick for the contest is Lockheed Martin (NYSE:LMT). The first quarter of 2021 was characterized by a steady economic recovery from the coronavirus pandemic. Lockheed Martin (NYSE:LMT) has benefited from the economic bounce-back, and its stock price has registered a 2% year-to-date increase.
Phew…we’ve made it through the first quarter of 2021. So much has happened, and we still love The Walt Disney Co. (NYSE:DIS) stock. And here’s why. Source: by InvestorPlace Congress recently passed the massive $1.9 trillion American Rescue Plan Act of 2021. This is fantastic news for DIS stock because consumers are now going to
Everybody’s looking for the next big thing in the financial markets, it seems. To find it, perhaps we should try looking outside of our comfort zone – and your local geography. If you’re prepared to do that, then I invite you to learn about Ozon (NASDAQ:OZON) and maybe even consider a position in OZON stock. Source:
Quick question for you: Which company would be your first bullish pick in the post-novel coronavirus pandemic, e-commerce-driven economy? Maybe you didn’t immediately choose Fiverr International (NYSE:FVRR), but FVRR stock has performed surprisingly well — and I’d suggest that the biggest gains may be yet to come. Source: by InvestorPlace I covered Fiverr as a gig
Like other tech stocks, Activision Blizzard (NASDAQ:ATVI) has gotten caught up in a wave of selling. Thankfully ATVI stock isn’t getting smashed like high-growth stocks, but it’s still down more than 11% from its 52-week high and fell about 15% at its recent low. Source: Piotr Swat / Shutterstock.com For long-term bulls though, perhaps a
Poshmark (NASDAQ:POSH) is looking like a decent buying opportunity right now, given how far POSH stock has fallen lately. In the past month, it is down over 30% as of March 26 at $39.64. It’s down $61.84 or 60.9% from its first day trading close (Jan. 14) of $101.50, and down from the IPO price
When looking for REITs to buy, the process I employ is similar to the one I use when searching for stocks to purchase. Specifically, in both cases I try to find names that are both poised to benefit from current, strong trends and managed well. And of course, for both stocks and REITs, the opposite
It’s interesting the way a company can completely fly under the radar until a special purpose acquisition company (SPAC) is mentioned. A case in point would be LM Funding America (NASDAQ:LMFA), as Wall Street didn’t seem to care much about LMFA stock until a SPAC spin-off was announced. Source: Wright Studio / Shutterstock.com In actuality, I’ll
Operating in a niche sector you might have never even considered. AquaBounty Technologies (NASDAQ:AQB) specializes in environmentally responsible fish farming techniques. If you like what you’ve heard so far, then AQB stock might be for you. Source: Pavel Kapysh / Shutterstock.com In the realm of fish farming, land-based aquaculture is a growing trend. AquaBounty’s aquaculture technologies
For some gamblers, it’s not enough to bet on who will win or lose a game. Micro-betting is shaping up to be a major tailwind for sports betting equities like DraftKings (NASDAQ:DKNG) stock. Source: Lori Butcher/Shutterstock.com DraftKings is one of the best-known and most successful sports betting names on the market today. The stock is
It’s often said that low risk implies lower returns. Depending on a risk appetite, some investors prefer safe stocks or low risk stocks. Even for an aggressive investor, it makes sense to have a certain weight in the portfolio in low beta stocks. In general, low beta stocks help in capital preservation when markets are
Airbnb (NASDAQ:ABNB) stock drifted lower since the Feb. 25 release of its first annual earnings statement since going public on Dec. 10. Airbnb is down 1.7% since that report. Source: Tero Vesalainen / Shutterstock.com However, the stock is up 27.5% since the beginning of the year and up 163% from its IPO price. My analysis
On March 11, Coupang (NYSE:CPNG) launched its IPO, which was the largest foreign company offering since Alibaba (NYSE:BABA) came public in 2014 (the amount raised was a hefty $25 billion). On the first day of trading CPNG stock surged 41%. The company raised roughly $4.6 billion. Source: Ki young / Shutterstock.com Yet CPNG stock has
With the press coverage of Reddit group r/WallStreetBets, some traders are hunting for the next big meme stock. Moreover, there’s been speculation that the next Reddit run-up target could be real estate loan originator UWM Holdings (NYSE:UWMC). But, is this the only reason to own UWMC stock? Source: Shutterstock Wagering your hard-earned capital on a Reddit-fueled
Apex Technology Acquisition (APXT) was formed by Bessemer Venture Partners, which has been active as a venture capitalist in Silicon Valley since 1975. (Bessemer was founded in 1907 as the family office of a steel magnate.) APXT stock represents a special purpose acquisition company (SPAC). Source: NESPIX / Shutterstock.com Apex is using SPACs to take