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
Since last November, it’s been investor perception rather than fundamentals driving price action in Palantir (NYSE:PLTR) stock. Trying to value this big data company’s shares using traditional valuation metrics has thus far been a fool’s errand. Source: Sundry Photography / Shutterstock.com You can say the stock’s rich valuation is built on its impressive growth projections.
SpaceX CEO Elon Musk raises his arms in celebration beneath a Starship rocket prototype under construction in Boca Chica, Texas. Steve Jurvetson on flickr Elon Musk’s SpaceX beat out teams led by Jeff Bezos’ Blue Origin and Leidos subsidiary Dynetics to win a nearly $3 billion contract to build NASA’s next crewed lunar lander, The
In this article PPG AA DKNG QS The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston on March 25, 2019. David L. Ryan | The Boston Globe via Getty Images Check out the companies making headlines after the bell on Thursday: QuantumScape
In theory, Skillz (NYSE:SKLZ) seems like a great idea. The company aims to be the first mainstream e-gaming platform. By allowing ordinary folks to compete for prizes in popular games like pool, bingo, or cards, it greatly expands the ecosystem. That was the theory, anyway, and SKLZ stock initially soared. Source: McLittle Stock / Shutterstock.com The
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
The SPAC (special purpose acquisition company) craze of 2020 and 2021 may go down in the history books as one of the most speculative market situations in stock market history. 2021 has seen $166 billion in SPAC-led deals so far, more than double 2020’s SPACs issuance of $73 billion. There have been winners and losers
Friends spending the weekend in the shopping mall martin-dm | E+ | Getty Images Company: Genesco Inc. (GCO) Business: Genesco is a retailer and wholesaler of branded footwear, apparel and accessories that operates through four business segments: (i) Journeys Group, comprised of retail footwear chains and e-commerce operations; (ii) Schuh Group, which includes the Schuh
In this article RUN SPG PNC Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Sunrun — The solar stock popped 10% after Simmons Energy, a division of Piper Sandler, upgraded the stock to overweight
American Airlines Group Inc. (NASDAQ:AAL) is the “largest airline in the world in terms of revenue passenger mile, scheduled passengers carried, and fleet size” according to ZIPPIA. Furthermore, the airline industry and travel industry are set to recover rapidly in 2021, as there is a global vaccination program to put an end to the novel
In most of the United States, drivers must have automobile liability insurance to legally drive a vehicle. Most states also require drivers to carry proof that they are covered. To make sure you have the right documentation when you’re behind the wheel, here’s what you need to know about proof of insurance. Key Takeaways Drivers in
No, it’s not the end of the bull market. Hold your nose and buy some tech!
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,
Riot Blockchain (NASDAQ:RIOT) announced on April 12 its first quarter mining production numbers. In addition, the company provided its ultimate Bitcoin (CCC:BTC-USD) production estimates based on its expected mining hash rate over the next year and a half or so to the end of 2022. As a result, it looks like RIOT stock could still
The Reddit logo is seen on a smartphone in front of a displayed Wall Street Bets logo in this illustration taken January 28, 2021. Dado Ruvic | Reuters It could be a big pay day for Keith Gill, the Reddit trading crowd’s favorite and the man who inspired the epic GameStop short squeeze. Friday is
Traders on the floor of the New York Stock Exchange. Source: CNBC Earnings will be the major focus for investors in the week ahead, as they home in on whether rising costs are squeezing margins and signaling a build in inflationary pressures. From Coca-Cola and IBM to Johnson & Johnson and Netflix, investors will hear
Income investors often look to real estate investment trusts, or REITs, as these stocks usually have very high yields. Looking more specifically at a certain part of the REIT industry, we feel that the corner of the industry devoted to healthcare REITs is very attractive for income investors. The population continues to get older in
Special purpose acquisition companies (SPACs) are blank check businesses that seek out targets for reverse-merger acquisitions. A large number of private companies announced reverse-merger deals with SPACs that are already listed on a stock exchange in 2020. Both institutional and retail investors have jumped at the opportunity to buy into SPACs over the past year.
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,
First-quarter earnings season kicked off last week. With 23% of the U.S. vaccinated, businesses steadily re-opening, and trillions of dollars of monetary fizz getting pumped into the market, it’s no surprise that investor confidence is at an all-time high. Risk-taking is the new normal. And that makes the tug-of-war between Wall Street and Main Street