Blackberry (NYSE:BB) could become a bargain stock this year if the company keeps producing large amounts of free cash flow (FCF). Even though BB stock has skyrocketed in the past month, I estimate it could be worth 32% more. That puts its value at $20.91 per share. Source: Paul McKinnon/Shutterstock.com This is based on its
Stocks to buy
As global demand slumped, oil and gas stocks witnessed a sharp correction in the first half of 2020. With monetary and fiscal policy action, oil prices stabilized. Furthermore, production cuts by the OPEC also supported oil prices after an initial plummet. The Invesco DB Energy Fund (NYSEARCA:DBE), an exchange-traded fund with exposure to worldwide energy
Could app-based dating be the ultimate Covid-19 pandemic recovery trade? That’s a question that prospective Bumble (NASDAQ:BMBL) investors should consider, as BMBL stock hasn’t exactly been a blockbuster success in the past couple of months. Source: XanderSt / Shutterstock.com The Austin, Texas-based company has an interesting backstory. As I learned from InvestorPlace contributor Thomas Yeung, Bumble CEO Whitney
After Bionano (NASDAQ:BNGO) reported very strong first-quarter results and showed that its Saphyr DNA analysis tool is progressing on multiple fronts, I remain extremely bullish on BNGO stock. Source: Connect world / Shutterstock.com On May 13, Bionano reported that its Q1 revenue had soared 179% year-over-year to $3.2 million, while its gross margin increased to
While a lot of stocks are expensive, many were beaten down this spring and look very affordable as we head into summer. The rotation out of technology growth stocks, dubbed the “tech wreck on Wall Street,” and market volatility have pushed down the share price of many well-performing stocks, presenting some great cheap stocks to
The big, scary semiconductor shortage — wherein electric vehicle makers had to stop producing cars because they couldn’t get their hands on enough chips to make electric vehicles — has weighed on NIO (NYSE:NIO) stock dramatically in recent months, since the shortage has effectively plateaued what was a quickly ramping growth trajectory for the Chinese
Digital banking firm SoFi Technologies (NASDAQ:SOFI) completed its SPAC merger with Social Capital Hedosophia Corp today, meaning that SoFi — which formerly traded under the ticker symbol ‘IPOE’ — is now officially a public company trading on the Nasdaq under the symbol “SOFI.” Wall Street cheered the news, and sent SOFI stock up more than
PaySafe (NYSE:PSFE) continues to receive the cold shoulder from investors. Since completing its reverse merger in March, PSFE stock is down 23%. Source: Sulastri Sulastri / Shutterstock.com This is largely being attributed to SPAC fatigue. As many investors know, PaySafe was one of a record number of companies that went public via a special purpose acquisition company (SPAC)
One of the key plays right now in the market is the so-called “re-opening” stocks. A lot of the stocks hated by investors last year due to the pandemic have now become compelling investment opportunities. One such company is Carnival (NYSE:CCL). The company has seen a remarkable recovery in its stock from the lows of
Chinese electric vehicle (EV) maker Nio (NYSE:NIO) saw its shares hit all-time highs early this year. With a series of missteps behind it, consumers buying more EVs in China, and its factories churning out record numbers of vehicles, Nio was on fire. But after closing at $62.84 on Feb. 9, NIO stock began to slide.
Editor’s Note: This article is a part of our “Top Grad Stocks 2021” series, where our savvy market analysts recommend their best picks for new graduates’ portfolios. Check out “Money Moves for Recent Grads” for more finance advice and click here to see more stocks for your must-buy list. Congratulations, you graduated college! You likely learned several key lessons, such as how
The first half of May was anything but good for UWM Holdings (NYSE:UWMC). Better known as United Wholesale Mortgage (UWM), the wholesale lender of residential mortgages saw UWMC stock fall almost 25% earlier this month. Since then, it’s gained back all of its losses and then some. Source: Shutterstock Up over 40% since May 11,
Advanced Micro Devices (NASDAQ:AMD) has had an excellent 2021 and investors are enjoying the growth of the company. AMD stock saw the biggest highs over the past year and was very close to hitting triple digits. The stock hit an all-time high of more than $99 in 2020. However, thanks to volatility the stock is far
I have decided to change my mind about Snowflake (NYSE:SNOW) stock. I no longer think it’s so wildly overvalued. What changed my mind? The company’s latest quarterly results came out on May 26, showing that Snowflake is now generating free cash flow (FCF). As a result, I suspect that SNOW stock will continue to perform
Hydrogen fuel cell player Plug Power (NASDAQ:PLUG) seems to have gotten its mojo back. At the time of writing, this company has taken out its high for the month, and has broken the $30 per share level for the first time since late-April. Indeed, all seems to be going well for investors in PLUG stock right now.
The market has been going through a bit of a strange stretch. A number of hot stocks have come crashing back to earth, while value stocks have continued to trade well. The indexes have been holding up near the highs during these big sector rotations, so some of these stocks have done quite well despite
Editor’s Note: This article is a part of our “Top Grad Stocks 2021” series, where our savvy market analysts recommend their best picks for new graduates’ portfolios. Check out “Money Moves for Recent Grads” for more finance advice and click here to see more stocks for your must-buy list. I have a unique perspective in writing this article, because I have a
A recent article from Brookings on potential consumer spending post Covid-19 makes an important point: The current decline in consumer spending has not been triggered by over-leverage or a financial crisis. Therefore, with the economic reopening, consumer spending is likely to accelerate significantly. With more than half of the population in the U.S. already vaccinated,
Tesla (NASDAQ:TSLA) stock is down about 14% so far this year, as of the close on May 25. But it continues to defy the shorts who believe it is deeply overvalued. The electric vehicle stock still has a massive $559 billion valuation. Source: Ivan Marc / Shutterstock.com Compare that to Ford Motor Co (NYSE:F) or
You can call it the end of an era for Qualcomm (NASDAQ:QCOM). CEO Steve Mollenkopf plans to retire this summer, amid a well-documented microchip shortage. So, should QCOM stock investors be worried? Source: Xixi Fu / Shutterstock.com Mollenkopf will be succeeded by current company president Cristiano Amon, who will undoubtedly bring a wealth of expertise and