Have you ever watched the cheering crowds at an Ultimate Fighting Championship (UFC) event and wondered if you could invest in the company? Well, now you can (indirectly, at least) as UFC parent company Endeavor Group (NYSE:EDR) recently had its initial public offering (IPO) of EDR stock. Source: A.RICARDO/Shutterstock.com As we’ll see, the shares have
Stocks to buy
Is it time to think about the fear trade again? That’s the question that many investors are undoubtedly pondering. Although the benchmark indices moved higher on the May 13 session, snapping a three-day losing streak, their technical posture doesn’t look particularly encouraging. Therefore, the idea of rolling over into consumer staples recently gained much traction.
Paysafe (NYSE:PSFE), a London-based online payments company, and Foley Trasimene Acquisition II Corp, billionaire Bill Foley’s special purpose acquisition company (SPAC), completed their reverse merger in March. Since then, shares of PSFE stock have oscillated wildly. But this month, PSFE stock has fallen nearly 25%. Source: Sulastri Sulastri / Shutterstock.com This should not come as
One of the stock market’s greatest success stories of the past decade is Shopify (NYSE:SHOP). The company was founded by three college buddies who were trying to create an online snowboarding business. But they quickly realized that the tools they had built to create that website were highly scalable and very valuable in helping other people
Shares of Chinese electric vehicle (EV) giant Nio (NYSE: NIO) have slowed down considerably in the past three months. The correction in EV and Chinese stocks has impacted Nio stock, which shed 44% of its value in the past three months. However, its growth catalysts remain intact, and the recent dip is an excellent opportunity for
The novel coronavirus pandemic accelerated certain technological trends, resulting in a decade’s worth of growth for the ecommerce sector. Tech and ecommerce giant Amazon (NASDAQ:AMZN) saw its profits increase by a whopping 200% during the pandemic. In addition, Jeff Bezos, Amazon’s eccentric founder, saw his wealth increase by a staggering $90.1 billion. With such a
With the market in correction mode, investors have the opportunity to buy some of the biggest technology trends at more reasonable valuations. The recent ransomware attack on Colonial Pipeline has one recurrent investment theme back in the spotlight: cybersecurity. The $162 billion cybersecurity market is expected to grow at a compound annual growth rate (CAGR)
With the markets trading near all-time highs, it doesn’t seem like this bull run will be ending any time soon. Even the novel coronavirus pandemic could not slow down Wall Street, which is powering along despite enormous external pressures. However, there is still a chance that a stock market crash could be around the corner.
Nio (NYSE:NIO), the Chinese electric vehicle (EV) maker, posted lower growth than expected in the first quarter and reduced its outlook for Q2. As a result, I have lowered my expectations as well. I now believe that Nio stock is worth no more than $38.58. That’s 15.4% above its closing price on May 14. Source:
Coinbase Global (NASDAQ:COIN) posted very impressive growth first quarter numbers and metrics on May 13, though lower than analysts’ estimates. If this trajectory is maintained, COIN stock is going to be much higher a year from now. Source: Primakov / Shutterstock.com For example, adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) spiked from $288
There have been increasing concerns about accelerating inflation in the United States. The latest data indicate that consumer prices in the U.S. increased the most since fiscal year 2009. The policy response to rising inflation also seems uncertain. Recently, Treasury Secretary Janet Yellen said that “she wasn’t forecasting interest-rate increases to rein in any inflation.”
Quick question for you: Which company would be your first bullish pick in the post-novel coronavirus pandemic, e-commerce-driven economy? Maybe you didn’t immediately choose Fiverr International (NYSE:FVRR), but FVRR stock has performed surprisingly well — and I’d suggest that the biggest gains may be yet to come. Source: by InvestorPlace I covered Fiverr as a gig
Shortly after I last wrote about it, Hims & Hers (NYSE:HIMS) stock took off like a rocket, due to February’s stock market madness. Shares in this telehealth play soared from under $15 per share, to above $25 per share. But, in the weeks since, it has fallen back towards prior price levels. Source: Lori Butcher
Poshmark (NASDAQ:POSH) is looking like a decent buying opportunity right now, given how far POSH stock has fallen lately. In the past month, it is down over 30% as of March 26 at $39.64. It’s down $61.84 or 60.9% from its first day trading close (Jan. 14) of $101.50, and down from the IPO price
Editor’s note: This column is part of InvestorPlace.com’s Best Stocks for 2021 contest. Bret Kenwell’s pick for the contest is Bed Bath & Beyond (NASDAQ:BBBY). As we neared 2021 in late December, some of us were on the hunt for the best stock of the upcoming year. For my pick, I cast my vote for Bed Bath &
It’s interesting the way a company can completely fly under the radar until a special purpose acquisition company (SPAC) is mentioned. A case in point would be LM Funding America (NASDAQ:LMFA), as Wall Street didn’t seem to care much about LMFA stock until a SPAC spin-off was announced. Source: Wright Studio / Shutterstock.com In actuality, I’ll
Chinese video game live streaming platform Huya (NYSE:HUYA) is an excellent representation of just how popular e-sports have become. Yet, with some Chinese stocks trending downwards in the back half of March, not everyone’s convinced that HUYA stock is still worth owning. Source: Piotr Swat / Shutterstock.com Is this a problem or an opportunity? The answer
For some gamblers, it’s not enough to bet on who will win or lose a game. Micro-betting is shaping up to be a major tailwind for sports betting equities like DraftKings (NASDAQ:DKNG) stock. Source: Lori Butcher/Shutterstock.com DraftKings is one of the best-known and most successful sports betting names on the market today. The stock is
Earlier this month, reversing my initial bearishness towards Churchill Capital IV (NYSE:CCIV) stock, I became a fan of the name . While I’m still concerned about the stock’s reliance on future projections, this SPAC (special purpose acquisition company) appeared to be worth the risk. Source: Around the World Photos / Shutterstock.com How’s the stock performed
Airbnb (NASDAQ:ABNB) stock drifted lower since the Feb. 25 release of its first annual earnings statement since going public on Dec. 10. Airbnb is down 1.7% since that report. Source: Tero Vesalainen / Shutterstock.com However, the stock is up 27.5% since the beginning of the year and up 163% from its IPO price. My analysis