Mortgage originator Rocket Companies (NYSE:RKT) has seen its shares decline in the middle of an otherwise red-hot housing market. The valuation on RKT stock, down more than 24% in the last three weeks, has now actually become quite reasonable. However… Source: Lori Butcher / Shutterstock.com Existing home sales fell 2.7% in April to a yearly
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This is the first time I’m writing about Clover Health Investments (NASDAQ:CLOV). And one of the first things that came up in my research was a Hindenburg Research report that explains some, but not all, of the decline in CLOV stock. Source: Shutterstock However, since this is the first time I’m looking at the company, I’m going to put that
With its share price stuck below $1 and no compelling long-term business case, SNDL stock investors should steer clear of Canadians cannabis producer Sundial Growers (NASDAQ:SNDL). Source: Jetacom Autofocus / Shutterstock.com A Penny Stock Fantasy Investors continuing to hold out hope that SNDL stock will again surge as high as $4 per share, as it
Workhorse (NASDAQ:WKHS) has spent a lot of time in the headlines over the past year. At first, investors were thrilled. Being among the finalists for a massive U.S. Postal Service (USPS) contract lit the EV maker’s stock on fire. From February 2020 to February 2021, WKHS posted a phenomenal 1,260% gain. However, that rapid growth was
Since the start of May, tech stocks, including many so called “Reddit stocks,” have trended lower. The cause? Namely, fears of rising inflation. Related to this has been worries the Federal Reserve will do a 180 on its near-zero interest-rate policy. On top of this, other factors have contributed to increased uncertainty. Some have speculated
Oatly (NASDAQ:OTLY), the Swedish producer of oat milk, was a hit at its May 20 initial public offering (IPO). OTLY stock was priced at $17 but had its first public trade at $22.12. It then fell during the day to finish at $20.20. The shares came roaring back overnight, opening at $22.20. Source: Katrinshine /
I incorporated Nano Dimension (NASDAQ:NNDM) as part of my speculation portfolio. So far, this wager has not panned out very well. Therefore, you may want to take my take of NNDM stock with a huge grain of salt. Source: Spyro the Dragon / Shutterstock.com Nevertheless, I’m still going to stay the course with Nano Dimension.
MindMed (NASDAQ:MNMD) stock may be up over 665% over the past twelve months. But, is this psychedelics play on the verge of taking off once again? Source: Shutterstock As InvestorPlace’s William White reported May 17, the company has made big progress with the Food and Drug Administration (FDA), regarding one of its key initiatives, Project
Now that the merger with Aphria has passed, does it make sense to purchase Tilray (NASDAQ:TLRY) stock? That’s the basic question for which investors are seeking an answer. Source: Jarretera / Shutterstock.com For investors who want to establish a position in Tilray now, they’ll be making a bet that its U.S. consumer packaged goods (CPG)
With shares of Carnival (NYSE:CCL) trading close to their 52-week high, you might assume everything is rosy in the cruise ship sector. But don’t let the seemingly bullish price action of CCL stock lull you into complacency. Source: Ruth Peterkin / Shutterstock.com I totally understand why some folks would consider CCL stock the ultimate Covid-19 pandemic
Could industrial giant General Electric (NYSE:GE) be the “comeback kid” even though it’s an old company? For years, GE stock holders have looked to CEO Larry Culp in hopes of an epic comeback for this American manufacturing icon. Source: JPstock/Shutterstock.com Part of Culp’s plan has been to streamline General Electric, focusing on the aviation segment and
Durham, North Carolina-based medical device business Asensus Surgical (NYSEAMERICAN:ASXC) had an eventful first quarter of 2021. So did the folks who held ASXC stock, as it was a wild three months. Source: Dmytro Zinkevych / Shutterstock.com As we’ll see, there was a massive surge in the share price, followed by a sharp retracement. At the
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
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
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
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
I have always been bullish on electric vehicle stocks and I am a strong believer in the potential of the sector. The EV sector is no longer limited to China, it has expanded globally and there is a noticeable surge in the demand of EVs. One such company making the most of the EV boom
It’s been a volatile year for Sundial Growers (NASDAQ:SNDL) stock. At the beginning of the year, SNDL stock was trading at 47 cents per share. With aggressive growth plans and hopes for Federal level legalization of cannabis, investors pushed SNDL stock to $3.96. Source: Shutterstock It didn’t take time for the rally to fizzle out
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
It’s difficult, I’ll admit, to ignore Elon Musk. He’s a consummate showman and pitchman, and when he tweets about Dogecoin (CCC:DOGE-USD), people listen and usually the Dogecoin price moves quickly. Source: shutterstock.com/Igor Igorevich Musk has posted numerous attention-getting (or should I say, attention-seeking) statement about the Shiba Inu-faced coin. One of his most famous tweets declared,