Timing a market bottom is a notoriously difficult thing to do. So, I won’t claim that now is the definitive time to invest in Alibaba (NYSE:BABA) stock. Source: Kevin Chen Photography / Shutterstock.com However, pundits have to admit that the case for maximizing returns by buying low looks very near. The truth is that Alibaba
Stocks to buy
Oil prices pushed past $70 for the first time in a month in late-day trading Thursday. The rally is breathing new life into the energy sector, which is up 2.5% at this writing. For the past quarter, energy stocks have been lagging the broader market, so shareholders are cheering the newfound strength. To celebrate the
A leader in the online sports gambling industry, DraftKings (NASDAQ:DKNG) is expanding its presence across the States and is expected to benefit from the upcoming football season. The company is making well-timed moves to build new offerings and achieve growth. It has successfully partnered with some of the top sports companies to offer a unique experience
Allegations of fraud against Cassava Sciences (NASDAQ:SAVA) are unlikely to stop its Alzheimer’s drug candidate from quickly advancing to a Phase 3 clinical trial. As a result, I remain very bullish on SAVA stock. Source: Shutterstock One of the most important reasons is an issue that hasn’t been explored very much yet. Specifically, none of
After Digital Turbine (NASDAQ:APPS) posted its fiscal first-quarter results, investors appeared to be disappointed by its earnings. APPS stock fell after the earnings report, despite providing good fiscal Q2 guidance. Indeed, the mobile advertising platform firm has multiple catalysts ahead that will sustain the company’s growth. Source: Apple.com The Street is shortsighted as usual and
A prominent saying on Wall Street says to not fight the tape. Another suggests to not fight the Fed. They both make sense, and they have concurrently been in full effect for at least three years as investors seek stocks to buy. However in the coming months, the latter will get on the road to
Investors interested in flying cars and all things futuristic will want to know more about Joby Aviation (NYSE:JOBY). That’s because JOBY stock represents the next step in the evolution of transportation. Source: T. Schneider / Shutterstock.com This is the first U.S. publicly listed eVTOL (electric Vertical Take Off and Landing) vehicle company out there. That
Paysafe (NYSE:PSFE) stock represents a few broad trends making it interesting, and ultimately worthy of speculation. Source: Sulastri Sulastri / Shutterstock.com The payments solutions provider has several decades of business operations experience behind it. It recently became publicly traded after merging with a shell company led by Bill Foley. Paysafe is interesting in that it
Broader markets have been celebrating new record highs regularly over the summer. Year-to-date (YTD), the Dow Jones Industrial Average (DJIA), the S&P 500 index, and the Nasdaq 100 index are up about 15.6%, 20.5%, and 18.2% respectively. Meanwhile, analysts debate whether valuation levels for many stocks are overextended at this point. Nonetheless, there are several catalysts that
Skillz (NYSE:SKLZ) reported Q2 2021 results on Aug. 3. Since those results, SKLZ stock has lost more than 20% of its value. Its shares now trade under $11, perilously close to single digits. Source: Rawpixel.com/Shutterstock.com Despite strong top-line results in the second quarter, investors chose to focus on the bottom line, or lack thereof. Unfortunately,
Shares of telecommunications giant Nokia (NYSE:NOK) are finally on the move. Its stellar earnings and quarterly guidance hike has boosted its shares significantly. Moreover, it continues to win over new clients who have solidified its position in the 5G race. NOK stock gained a healthy 16% in the past three months. Source: rafapress / Shutterstock.com NOK
Novavax (NASDAQ:NVAX) stock is looking well-positioned because of the Delta variant of the novel coronavirus. That should surprise NVAX stock bears who viewed it as an “also-ran” Covid-19 vaccine play. Source: Ascannio/Shutterstock.com And can you blame them? Earlier this month, Novavax said it would delay applying for emergency use authorization of its Covid-19 vaccine, NVX-CoV2373,
Nano Dimension (NASDAQ:NNDM) was one of the beneficiaries of the 2020 bull run. I remember last year when NNDM stock was very popular among retail investors. The stock shot up nearly 10x from below $2 in September last year to a high of approximately $18. Source: Spyro the Dragon / Shutterstock.com This massive run-up was
Opendoor Technologies (NASDAQ:OPEN), the digital platform for residential real estate, turned the corner with its second-quarter results released on Aug. 11. Its adjusted net income and EBITDA (earnings before interest, taxes, depreciation and amortization) both turned positive from negative results last quarter. As a result, using simple measures of its valuation, OPEN stock is worth
Three years ago, the term unicorn — a startup valued at over $1 billion — was all the rage on Wall Street. Two of those companies — specifically Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT) — stole the show with their long initial public offering (IPO) process. They waited far too long before they came to market.
“Space, the final frontier…” I heard these words on TV all my life. I’m a big fan of sci-fi shows and am thus a long-term believer in space travel. My only venue to trade this notion on Wall Street has so far been Virgin Galactic (NYSE:SPCE) stock. It is the only public company that will
Ahead of its second-quarter earnings report, markets sold off shares of Roblox (NYSE:RBLX). However, the gaming platform allayed fears when it posted respectable results. That said, RBLX stock is still relatively expensive compared to other video game stocks like Activision (NASDAQ:ATVI) or Electronic Arts (NASDAQ:EA). Source: Miguel Lagoa / Shutterstock.com Roblox trades at 19 times
While the broader stock market soars to new highs regularly, growth stocks have also regained their popularity among investors — and that has created many stocks to buy for investors. The Street seems to be delighted about positive updates on the economic front. Meanwhile, the U.S. Senate has recently passed a bipartisan $1 trillion infrastructure package.
Advanced Micro Devices (NASDAQ:AMD) stock is up 18% so far in 2021. If anything, AMD stock is now cheaper than it was before. Source: JHVEPhoto / Shutterstock.com That’s because AMD continues to grow rapidly on both the top and bottom lines. Advanced Micro Devices saw $710 million of net income in its second quarter, or
Astra Space (NASDAQ:ASTR) launches satellites, and investors should consider buying ASTR stock right now. That isn’t only because billionaires like Richard Branson, Jeff Bezos, and Elon Musk are garnering a lot of attention for their forays to space. Source: Alones / Shutterstock.com Rather, it’s because Astra Space, which isn’t trying to bring humans into orbit
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