For the last few months I have been warning investors away from Vinco Ventures (NASDAQ:BBIG) stock. Since my first story came out in September, the shares are down 67%. They closed November 23 at $3.13. Source: shutterstock.com/Postmodern Studio My problem with the company is that there is nothing there. It’s all hype and buzzwords like streaming
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Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021. Kyle Grillot | Bloomberg | Getty Images Cathie Wood — known for her innovation ETFs that garnered billions in inflows during the pandemic — said Ark Invest is internally
Check out the companies making headlines before the bell: Deere & Co. (DE) – The farm equipment maker reported quarterly earnings of $4.12 per share, beating the consensus estimate of $3.90, although revenue came in slightly below analyst forecasts. Deere said solid demand for its products helped cushion the impact of a month-long workers strike. Deere rallied
In addition to being a penny stock, Canadian cannabis producer Sundial Growers (NASDAQ:SNDL) has been one of this year’s most-popular meme trades. That, of course, is a recipe for volatility. So far this month, we’ve seen SNDL stock shoot up nearly 50% in just two weeks, only to give back more than half its gains.
I last wrote about BlackBerry (NYSE:BB) in early September, saying there was more to it than its meme stock status. Since then, BB stock has tumbled around 13%. But I still believe in it as an investment, provided you have the patience to wait for the company to find its footing. Source: BlackBerry BlackBerry beat
GameStop (NYSE:GME) stock still trades at above its pre-squeeze levels, which is astounding. Source: Shutterstock / mundissima GME stock boasts a year-to-date price return of over 1,035%. Although it is trading considerably below its all-time highs of $483, it still trades at elevated levels. You can buy it today for a little more than $210,
In this article M FTCH Betsie Van der Meer | DigitalVision | Getty Images With holiday shopping on my mind and Black Friday in plain sight, I’m laser-focused on the retail sector and its participation in my clients’ investment portfolios. Last week was big for consumers: October retail sales numbers beat expectations, and we had
Federal Reserve Chairman Jerome Powell attends the House Financial Services Committee hearing on Capitol Hill in Washington, U.S., September 30, 2021. Al Drago | Reuters Expect more tough talk from the Federal Reserve, as it may consider winding down its bond program sooner than expected. Based on comments from a number of Fed officials, market
FuboTV (NYSE:FUBO) got off to a hot start at the beginning of 2021, but has since fallen off a bit. Nonetheless, sentiment appears to remain positive when it comes to FUBO stock. Source: monticello / Shutterstock.com The sports TV streaming subscription service just reported very strong growth for the third quarter 2021. It now is near
Wholesaler retailers Costco and Sam’s Club are renowned for their competitively low prices, bulk products, and no-frills shopping experience. Both sell pretty much everything imaginable in a warehouse setting. At first glance, it can be difficult to determine which of the two is the better option. These two bulk retailers shelve a similar range of
C3 AI (NYSE:AI) stock has undoubtedly been a losing investment thus far. Source: Phonlamai Photo / Shutterstock.com It peaked at $180 during last year’s massive tech rally and proceeded to then lose a large chunk of its value. Momentum has left AI stock and a clear negative sentiment has taken root. However long-term investors should
What’s the purpose of hedging a stock or hedging your portfolio? First, let’s take a look at what hedging really means. In the stock market, when you hedge a stock, what you are doing is limiting or reducing your risk. Because as you know, investing in the stock market is all about managing your risks
As I expected, traders have kept selling Ocugen (NASDAQ:OCGN) stock in the wake of the recent news about the company. The biotech firm — which is trying to bring Covaxin, a Covid-19 vaccine, to the U.S. and Canada — surged a few weeks back. Last month, traders bid up OCGN stock in anticipation of an
Genomics ETFs have surged of late; here’s why.
In this article TSLA AAPL Closely watched money manager Cathie Wood told CNBC on Wednesday that Apple could have owned the driverless vehicle market by purchasing Tesla when given the chance during the electric vehicle maker’s troubled Model 3 ramp-up. “We’ve been watching Apple very carefully for years now. Because what is an autonomous vehicle?
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Gap, Nordstrom — Shares of Gap and Nordstrom plummeted after the companies reported disappointing quarterly results late Tuesday citing rising labor costs, inventory issues, shopping costs and factory closures as challenges. Gap shares dropped
There’s no doubt that quality growth stocks have been pretty reliable long-term stocks. But times are changing and that’s why it’s always smart to have some rock-solid dividend stocks in your portfolio. Just as reminder of what life is like at the top of markets, in the late 1990s brokers were telling their retiring and
For the past two months, Gevo (NASDAQ:GEVO) has moved sideways, trading between $5 and $8 per share. This comes after GEVO stock tried to bounce back amid news of several promising deals for the renewable energy company, which helped to fuel this. Source: Oleksiy Mark / Shutterstock.com Unfortunately, it didn’t last long. Investors became impatient. Right
Fisker (NYSE:FSR) announced on Nov. 19 that it won a ZEVAS Award — the zero-emission awards at the Los Angeles Auto Show — for the best crossover vehicle under $50,000. FSR stock jumped more than 5% on the news. This is the latest piece of good news for long-time investors. In the last month alone,