Stock Market

Shares of High Tide (NASDAQ:HITI) popped Friday on meme hype, closing at $7.50. Ignore the hype, and focus on the company. Source: Shutterstock Every industry needs a centralized retailer. Centralized retailers offer consistency of price, experience, inventory and convenience. For cannabis, that could be High Tide. High Tide has the potential to transform itself into the “Walmart of

Nikola (NASDAQ:NKLA) is a poster child for the special purpose acquisition company (SPAC) boom and bust of the past year. Nikola rose to prominence in 2020. Investors hoped that Nikola, powered by its charismatic founder, Trevor Milton, could become the next Tesla (NASDAQ:TSLA). For awhile, NKLA stock soared as Milton’s pitch gained more and more

ChargePoint (NYSE:CHPT) stock took a bit hit in March and April but has bounced back nicely in May and June. It’s now pushing its way towards all-time highs. Source: YuniqueB / Shutterstock.com The catalyst? There are a few of them — Recharged growth trade on lower bond yields Reinvigorated optimism about EVs and the charging network

On May 10, BlackBerry (NYSE:BB) filed its 2020 proxy statement with the Securities and Exchange Commission (SEC). It showed that the company’s second-largest shareholder, Canada’s Fairfax Financial (OTCMKTS:FRFHF), hadn’t sold a single share of BB stock over the past year.  Source: Shutterstock Up 189% over the past 52 weeks, in part, to it becoming a

Workhorse (NASDAQ:NYSE) gained 5.3% today on word that the company is filing a legal challenge to USPS’s contract decision. Back in February, WKHS stock tanked when USPS announced, in a surprising turn of events, that they’d be partnering with Oshkosh (NYSE:OSK) instead of crowd-favorite Workhorse. But this boost won’t undo February’s massive plummet, and it’s

In January, it was GameStop (NYSE:GME) leading the charge at the center of the Reddit rally. Now, AMC Entertainment (NYSE:AMC) is the front man, this time leading the so-called meme stock rally. Source: viewimage / Shutterstock.com Investors are wondering how long this rally can last and whether it’s actually sustainable. I hate to stick my

It wasn’t long before marijuana was considered a taboo. Emerging science, however, has altered customer perceptions and has paved a path for its legalization. As a result, the global legal marijuana market continues to expand at an impressive rate. Most recently, PSY (NYSEARCA:PSY), the first psychedelic stock ETF, hit the market. In turn, several psychedelic

A cursory glance at Canopy Growth’s (NASDAQ:CGC) year-to-date price chart suggests now may be time to pick up inexpensive shares of the stock. After all, just a few months prior shares were double their current $25 price.  Source: Shutterstock However, that narrative would only be valid if the company were moving in a positive direction.

In the past month, QuantumScape (NYSE:QS) stock has gone basically nowhere. When I last wrote about QS stock on May 12, it closed at $27.30, but as of June 11, it was at $27.90. But when I began the previous article on May 11, it was at $29.48. In effect, it has actually fallen over

With the U.S. in desperate need of rare earth materials, keep an eye on MP Materials (NYSE:MP) stock. Source: LuYago / Shutterstock.com Right now, China controls about 87% of global production, which could cause big problems. After all, by 2030, demand for rare earth materials is expected to more than double to 270,000 tons per

Lucid Motors is a luxury electric vehicle manufacturer — going public through a SPAC merger with Churchill Capital (NYSE:CCIV) — producing vehicles that don’t compromise on performance. And they’re appealing to a range of customers that Tesla has begun to leave behind. Source: gg_photography / Shutterstock.com Their best-in-class technology rivals Tesla’s, and their battery tech

Gamestop (NYSE:GME) reported very good news June 9, and the stock tanked. Source: quietbits / Shutterstock.com An adjusted net loss of 45 cents per share was offset by a sales gain of 25%, to $1.28 billion. This came despite closing 12% of the company’s stores.. As of May 1 there was still $770.8 million of

I believe that Swedish oat milk maker Oatly (NASDAQ:OTLY) has the ingredients, both literally and figuratively, to become very successful over the longer term. Nonetheless, given the gigantic valuation of OTLY stock, I advise investors to wait for a major pullback in the name before buying the shares. Source: Katrinshine / Shutterstock.com Among the strong,

The markets are dealing with an army of investors who are after heavily shorted stocks. But there are also fundamentally strong names where initiating a short position can be risky. These are the so called unshortable stocks. True, Short squeeze rallies have delivered multi-fold returns for investors. AMC Entertainment (NYSE:AMC) is the recent case of a

Online pet destination Chewy (NYSE:CHWY) smashed first-quarter numbers by a wide margin, but CHWY stock still fell. Source: designs by Jack / Shutterstock.com This is fine. Chewy’s guided Q2 and full-year revenues fell relatively in line, which means Q2 through Q4 numbers are expected to come in below expectations. The expectations already priced in a

Cannabis-based investments naturally garner much attention primarily because of a core reality. Very few other business categories can claim they were previously illicit enterprises. Therefore, the green plant is representative of a scientific and economic impossibility: turning nothing into something. Yet even when you factor in the sector’s enthusiasm, the bullishness toward Sundial Growers (NASDAQ:

Oatly (NASDAQ:OTLY) zoomed from $17 per share to over $26 per share after its debut on the NASDAQ exchange. But can OTLY stock continue to climb? Say what you will about the company’s oat milk product, but its nutritional value is debatable. Yet there’s no question that this Sweden-based company is cashing in on the

The epic rally in AMC Entertainment (NYSE:AMC) stock has a lot of people fatigued. And like all meme stock rallies, the latest one involving movie theatre chain AMC is likely to end in spectacular fashion. In one week, AMC stock rallied 157% higher, dropped 33% and then rose again by 25%. It’s been quite the

Pot stocks have seen incredible strength over the past month, and Tilray (NASDAQ:TLRY) has been at the forefront of this cannabis rebound. TLRY stock has maybe seen a slight surge due to social momentum, but unlike other stocks caught up in meme stock trading, this company’s foundation is solid. Source: Shutterstock ETFMG Alternative Harvest ETF

In a world radically changed by the Covid-19 pandemic, online real estate technology company Opendoor Technologies (NASDAQ:OPEN) offers a well-defined value proposition. Yet, the market doesn’t seem to appreciate this as OPEN stock is faltering. Source: PREMIO STOCK/Shutterstock.com There’s no question that the Covid-19 pandemic accelerated the shift from offline to online in multiple markets. In