It’s abundantly clear that the Reddit-driven rallies in names like Sundial Growers (NASDAQ:SNDL) stock went too far. The supposedly epic “short squeezes” promised since late January haven’t materialized. GameStop (NYSE:GME), AMC Entertainment (NYSE:AMC), SNDL stock and others remain well off their peaks. There’s plenty of reason for skepticism toward those names going forward as well.
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After reviewing the statements of experts on the state of the pandemic in the U.S., reading CDC projections on the course that the coronavirus is likely to take and analyzing Ocugen’s (NASDAQ:OCGN) recent first-quarter earnings conference call, I remain extremely bearish on OCGN stock. Source: Shutterstock.com Ocugen has said that it is trying to get
The disruption that the novel coronavirus caused last year was nothing like we’ve had in centuries. Luckily, we have amazing vaccine companies that succeeded, plus others like Novavax (NASDAQ:NVAX) trying their hardest. NVAX stock is still full of potential and today we will debate owning it. Source: Ascannio/Shutterstock.com Pfizer (NYSE:PFE), Moderna (NASDAQ:MRNA) and AstraZeneca (NASDAQ:AZN)
Clover Health Investments (NASDAQ:CLOV) is a company in the healthcare sector that has experienced somewhat of a heart attack — or more accurately, a serious short-seller attack. This company went public via a merger with a special purpose acquisition company (SPAC) back in January, but it has been a bit of a bumpy ride for CLOV
Laser beam scanning (LBS) technology developer MicroVision (NASDAQ:MVIS) stock has so far had a bumpy ride in 2021. This year, MVIS stock is up over 170%. On Apr. 27, MVIS hit a multi-year high of $28. Now it is just shy of $15. The stock has been swinging between $6 and $28 in 2021. But
Marijuana exchange-traded funds (ETFs) provide investors with exposure to equities of companies that engage in the cultivation, distribution, and sale of marijuana and related products. Products of marijuana companies include dried flowers, oils, seeds, edibles, and more. Still prohibited as an illegal substance in many parts of the world, marijuana is gaining wider acceptance for
A wise focus of any student of technical analysis is to study indicators that allow the investor to make sharper entry and exit points in his or her trading program. This article will take a closer look at money flow. Marc Chaikin developed money flow, which uses both price and volume to record a more
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
The global foreign exchange market accounts for over $5 trillion U.S. dollars worth of average daily trading volume, making it one of the largest markets in the world. Within this market, there is a growing class of derivative securities: forex futures. This article will define and describe these futures contracts and their popular applications, as well as
Some mortgage borrowers have only two things in mind: “How much can I afford?” and “What will my monthly payments be?” They max out their finances on mortgage debt and use an interest-only or negative amortization mortgage to minimize their monthly payments. Then, they rely upon home price appreciation to eclipse the risks associated with
The CBOE Volatility Index (VIX) measures expectations for volatility in the next 30 sessions, with put and call options activity underlying its calculations. While VIX focuses on S&P 500 data, traders and hedgers can also examine the Nasdaq 100 through the CBOE Nasdaq Volatility Index (VXN) and the Dow Jones Industrial Average through CBOE DJIA Volatility Index
Volatility is critical to risk measurement. Generally, volatility refers to standard deviation, which is a dispersion measure. Greater dispersion implies greater risk, which implies higher odds of price erosion or portfolio loss – this is key information for any investor. Volatility can be used on its own, as in “the hedge fund portfolio exhibited a
Brex, which offers corporate spending accounts for startups, small businesses, and large corporations, has announced that business owners can now redeem rewards earned with the Brex credit card for select cryptocurrencies. Key Takeaways Brex has announced that business owners who participate in the Brex rewards program can now redeem their rewards for Bitcoin and Ethereum.
Tesla, Inc., formerly known as Tesla Motors, has grown since its IPO a decade ago into one of the world’s biggest producers of electric vehicles under the leadership of CEO Elon Musk. The company sells cars, SUVs, and trucks. In addition to electric vehicles, it has expanded into energy generation and storage systems. Tesla joined the S&P
Natural gas exchange-traded funds (ETFs) provide investors with exposure to natural gas prices while avoiding both the complexities of trading natural gas futures contracts and the storage costs to hold the physical commodity. Natural gas is a commodity used as a source of energy for heating, cooking, fuel, and electricity generation. It also is used
When I last wrote about Nio (NYSE:NIO) stock last month, I made the case that it was ready to take another tumble. So far, that’s ended up being the case. Since late April, when shares in the Chinese electric vehicle (EV) play were finding support at around $35-$40 per share, the stock has seen a
In some ways, MicroVision (NASDAQ:MVIS) stock reminds me of GameStop (NYSE:GME). But, unlike many other stock pundits, I don’t think that the companies, whose shares have both been lifted by Reddit users, are complete “losers.” Source: Shutterstock Instead, I think that both names have great potential. I also believe, though, that both of their stocks
Editor’s Note: This article was updated on May 17, 2021, to remove a ticker erroneously associated with SAS. Investors in software and data analytics group Palantir Technologies (NYSE:PLTR) stock have not had a good 2021 so far. Since the start of the year, PLTR stock is down about 15%. Its current market capitalization stands at $38
Like many entertainment and gaming investments, the mobile e-sports group Skillz (NYSE:SKLZ) stock received significant attention in 2020. Source: Rawpixel.com/Shutterstock.com SKLZ stock started trading on the Big Board in December 2020, following a reverse-merger with Flying Eagle Acquisition, a special purpose acquisition company (SPAC). Developers use Skillz’s platform to build their businesses. The company also hosts
The steep drop in shares of Pinterest (NYSE:PINS) resumed after the company posted quarterly earnings on April 27. Investors fretted over the user growth warning ahead of the re-openings. During the pandemic, markets became complacent on this high-flying social networking site’s user growth prospects. PINS stock, which had a roller-coaster first quarter, but was up