For multiple reasons, I believe that Skillz (NYSE:SKLZ) stock looks to be meaningfully overvalued at its current levels. Therefore, I recommend that investors sell this name. Source: Dean Drobot/Shutterstock.com I’m not at all convinced that the popularity of esports in the U.S. will ever become strong enough to come close to supporting the current, high
Sundial Growers (NASDAQ:SNDL) is one of many Canadian cannabis stocks that has become a hot stock on message boards and one of the “ground floor” opportunities in the sector. Source: Shutterstock But before we get into the particulars, I want to explain a broader point on this sector. The quote about let a hundred flowers
AT&T (NYSE:T) continues to face strong pressures on multiple fronts and the company’s longer term outlook appears to be particularly negative. As a result, I recommend that investors sell T stock into its recent strength. Source: Jonathan Weiss/Shutterstock Although AT&T reported better-than-expected first-quarter results on April 22, driven by the strength of its mobility business,
Warren Buffett is widely regarded as one of the most successful investors of all time. Yet, as Buffett is willing to admit, even the best investors make mistakes. Buffett’s legendary annual letters to his Berkshire Hathaway shareholders tell the tales of his biggest investing mistakes. There is much to be learned from Buffett’s decades of
The Bitcoin blockchain is essentially an enormous, shared, encrypted list of all addresses that hold Bitcoin balances. Every new block represents the latest update to account balances. A block simply refers to a set of Bitcoin transactions that are related because they took place within the same time period. New blocks are created after further mining
The term wrap account was created to refer to a product offering a multitude of services “wrapped” in a single fee. When the wrap business was a rather obscure niche product used primarily by institutional investors and ultra-high-net-worth individual investors, everyone involved in the wrap industry understood the terminology and the product’s benefits. Since then, however,
Bitcoin futures contracts were launched in December of 2017, and have already gained traction in the market. Many market participants, who cannot hold spot positions in bitcoin cryptocurrency due to compliance regulations, can now trade bitcoin futures contracts. Futures contracts also offer risk mitigation and hedging possibilities. Amid increasing participation in bitcoin futures trading, here’s a
What Is a Tax Credit Property? A tax credit property is an apartment complex or housing project owned by a developer or landlord who participates in the federal low-income housing tax credit (LIHTC) program. These developers and landlords can claim tax credits for eligible buildings in return for renting some or all of the apartments
When you review a company’s balance sheet or income statement, you run into a breakdown of cash flow. Ostensibly, the cash flow is the difference between how much money is generated versus how much is spent on operations. However, it isn’t always that straightforward. Companies are fully aware that investors and lenders are monitoring their
What’s left to say about Bionano Genomics (NASDAQ:BNGO) that hasn’t been said before? Not much. But if we let the price chart of BNGO stock do the talking, it could be a double bottom that’s worthy of consideration from today’s investors. Source: Shutterstock Look out below! That’s what some might see if they bothered to
Over the trailing year, we’ve seen one of the most paradoxical developments in modern history. Despite suffering the ravages of a once-in-a-century pandemic, the equities market has gone on to set record milestones. Even now, the recovery is a tentative one — yet certain investments, including cyclical stocks, continue to post impressive numbers. Based on
AMC Entertainment (NYSE:AMC) reported its first-quarter results on May 6 after the markets closed. As expected, the results were dreadful. However, AMC stock is up more than 5%. Source: Sundry Photography / Shutterstock.com Its pre-market gains aren’t the only silver lining with its latest quarterly results if you own AMC. Thanks to almost no business
On April 10, I said that QuantumScape (NYSE:QS) was a long-term home run under $42 a share. A month later, QS stock is down almost 32% as I write this and 64% year-to-date. Source: Michael Vi / Shutterstock.com While I think the company’s vision for next-generation solid-state lithium-metal electric batteries is completely righteous, not everyone
The last time I weighed in on Zomedica (NYSE:ZOM), I said, “It’s very easy to get caught up in the excitement of a potential boom. But don’t jump the gun. Wait to see how the product does with veterinarians first before investing gobs of money. Should the product do well with that group, then yes,
What Happened to the Beyond Meat Stock Price Today? Beyond Meat (NASDAQ:BYND) stock tanked more than 5% after the plant-based meat maker reported first quarter numbers that missed on both revenues and profits, and which included a ho-hum second quarter revenue guide. Source: calimedia / Shutterstock.com BYND stock is now 4% for the year, and
What Happened to the Axon Stock Price Today? Shares of law enforcement technology solutions provider Axon (NASDAQ:AXON) popped after the company reported blockbuster first-quarter numbers that breezed past expectations, and included above-consensus 2021 and 2022 guides. AXON stock was up more than 5% on the news. Over the past year, AXON stock is now up
What Happened to the Roku Stock Price Today? Roku (NASDAQ:ROKU) stock popped about 10% after the streaming ecosystem operator reported outstanding first quarter numbers that crushed analyst expectations on revenues and profits, and which included a way above-consensus second quarter guide. Source: Fozan Ns / Shutterstock.com ROKU stock is now up more than 130% over
What Happened to the Twilio Stock Price Today? Twilio (NASDAQ:TWLO) stock dropped more than 10% after the cloud communications company reported first quarter numbers that — while strong — included a weak second quarter guide that spooked investors. Source: rafapress / Shutterstock.com After the sell-off, TWLO stock has plunged more than 30% from its early
What Happened to the Square Stock Price Today? Square (NYSE:SQ) stock rose slightly after the payments technology company reported strong first quarter numbers that easily breezed past expectations and included sustained robust growth trends. Source: Jonathan Weiss / Shutterstock.com Despite the rally, SQ stock is still about 20% off its recent highs. Why It Happened
Listen to Preston’s podcast about studying billionaires here: https://itunes.apple.com/us/podcast/the-investors-podcast/id928933489 Peter Thiel is an American venture capitalist, author, and entrepreneur with a net worth of $2.6 billion, according to Forbes. In 2014, he was included in the Forbes Midas List at No. 4. In 2017, he was featured on the Forbes 400 list. Thiel co-founded PayPal