The space economy’s potential has drawn a lot of attention from investors in the past couple of years. An array of privately held space stocks are listed on the stock exchange, of which many have taken the SPAC route. In fact, according to a Morgan Stanley report, the space economy could surge more than $1
Stocks to buy
UWM Holdings (NYSE:UWMC) has been receiving quite a bit of attention on Reddit. Despite the attention from this crowd that took Gamestop (NYSE:GME) to all-time highs, UWMC stock is on the downtrend. The stock has lost about half of its value from its all-time highs. Source: Dmitry Demidovich/ShutterStock.com It’s been a rough few weeks for
In 2019, Pfizer (NYSE:PFE) was just another pharmaceutical company. Then in 2020 into 2021, it achieved its moment of stardom with the development of its Covid-19 vaccine. It is no small feat to develop a vaccine in such a short period of time. In less than one year, the company had a vaccine to combat
San Francisco-headquartered, cloud-based security application provider Okta (NASDAQ:OKTA) bills itself as “the leading independent identity provider.” OKTA stock investors should be confident, knowing that the company provides its services to more than 10,000 organizations. Source: Sundry Photography / Shutterstock.com Now, I’ll be the first to admit that this isn’t the cheapest stock in the world. Indeed,
What Happened to the Opendoor Stock Today? Source: PREMIO STOCK/Shutterstock.com Shares of the America’s largest iBuyer, Opendoor (NASDAQ:OPEN), have been on a steady downtrend over the past few weeks. Since peaking in mid-February, Opendoor stock has lost about half of its value. Why It Happened There are two big things driving OPEN stock lower: One,
Before the pandemic, semiconductor makers were talking up the idea of a “super-cycle,” a continuous rise in demand replacing the old boom-and-bust days of previous decades. Source: canon_shooter / Shutterstock.com That super-cycle is now becoming a super-shortage, as companies like Intel (NASDAQ:INTC) find it difficult to meet customer demands using global supply chains. The short-term
Down nearly 46% in the past month, investors may wonder about the best move with Skillz (NYSE:SKLZ) stock. Should you stay away until it’s clear the dust has settled? Or should you “buy the dip” with this mobile gaming play? Cautious investors, wary of the deflating interest in this stock, may opt for the former.
There was a great deal of hype surrounding last year’s public debut of enterprise artificial intelligence (AI) firm C3.ai (NYSE:AI). The volume and the share price of AI stock soared, causing some folks to wonder whether this would be sustainable in the long run. Source: Phonlamai Photo / Shutterstock.com As it turned out, the skeptics and
Roblox (NYSE:RBLX) is a very interesting equity, company, and product. RBLX stock only recently joined the New York Stock Exchange with its March 10 initial public offering (IPO). Source: Katya Rekina/ Shutterstock.com RBLX stock has moved up and down since joining the markets, with initial trading at $64.50. And current share prices are at $74.32
The once red-hot cannabis market has gone ice-cold in recent weeks, as optimism regarding favorable legal developments and strong sales in Canada has waned. This has led to a pretty steep sell-off in the industry’s leader, Canopy Growth (NASDAQ:CGC). Not too long ago — in early February — Canopy Growth stock was on its way
Paysafe (NYSE:PSFE) is a newly merged special purpose acquisition company (SPAC). Until recently, the company traded as Foley Trasimene Acquisition under the BFT stock ticker. However, on Mar. 30, the SPAC successfully completed its merger and is now Paysafe and PSFE stock. Source: Sulastri Sulastri / Shutterstock.com Moreover, while Paysafe is not the most-hyped SPAC
Amid the growth sector meltdown, shares of online real estate technology company Opendoor Technologies (NASDAQ:OPEN) have cratered. Back in early February, the OPEN stock price nearly touched $40. Today, shares trade below $20. Source: PREMIO STOCK/Shutterstock.com This selloff is a golden buying opportunity, and below $20, Opendoor stock offers long-term investors 10X upside potential. Why?
Hyliion (NYSE:HLYN) stock has had a very rough time in 201. So far, it is down 35% year-to-date as of April 9 and 21.7% in the last month alone. However, in the past year, HYLN stock has done reasonably well, up 8.2%. I believe it is poised to turn around as it is worth considerably
There’s something intriguing about companies that have stood the test of time. Many popular growth companies today won’t survive the next bear market when equity or debt capital becomes scarce. But a company like Pfizer (NYSE:PFE), which was founded in 1849, has not only survived through two World Wars but also the American Civil War.
Most Special Purpose Acquisition Companies (SPAC) are trading well below their highs. QuantumScape (NYSE:QS) is the exception. If investors ignored the massive December 2020 run-up that sent QS stock to a high of $132.73, the SPAC is trending steadily. Source: Michael Vi / Shutterstock.com Investors are hungry for electric vehicle (EV) component suppliers. Companies that
Debuting at the end of 2020, C3.ai (NYSE:AI) stock steadily rose right out of the gate. But, like many other “story stocks,” the artificial intelligence (AI) play was hit hard by February’s stock market correction. Coupled with disappointing quarterly results, shares of AI stock have fallen over 65% from their highs. Source: Phonlamai Photo /
Petco (NASDAQ:WOOF) got the timing right for its IPO. It was in mid-January and the market was very much in the bull mode. On the first day of trading, WOOF stock soared by 63%. Not bad for a brick-and-mortar retailer, right? Source: Walter Cicchetti / Shutterstock.com Definitely. Yet this was actually not the first IPO
Naked Brand Group Ltd (NASDAQ:NAKD) is a company that probably shouldn’t have survived 2020. A global operation consisting of multiple intimate apparel and swimsuit brands, Naked Brand spent 2020 losing money, closing down stores and selling off brands. Shares were worth over $800 at one point in 2018. By 2020 NAKD stock faced de-listing (and
Cinedigm (NASDAQ:CIDM) has been called a way for investors to bet on the emergent revolution in streaming technology. I tend to concur with this assessment and recommend a moderate position in CIDM stock — at least for folks who understand Cinedigm’s strengths. Source: Pavel Kapysh / Shutterstock.com What does Cinedigm do? The company develops streaming
On March 3, I made a bullish call on both Tilray (NASDAQ:TLRY) and its longtime Canadian cannabis-market competitor, Aphria (NASDAQ:APHA). Today I’m going to double down on those calls and recommend that investors take a long position in TLRY stock. Source: Jetacom Autofocus / Shutterstock.com And I also recommend that you mark April 14, 2021 on your