As longtime readers know, I’m exceptionally bullish on electric vehicle stocks. But not all EV stocks are created equal. And one EV company that stands out from the rest in the best way possible is Canoo (NASDAQ:GOEV), which went public through a merger with Hennessey Capital Acquisition Corp. IV (NASDAQ:HCAC). Source: nrqemi / Shutterstock.com Here’s
Month: January 2021
Not too long ago, I offered a very strong buy recommendation for next-gen, solid-state battery maker Quantumscape (NYSE:QS). At the time, QS stock was trading at $65 and change. Source: nrqemi / Shutterstock.com Five days later, the stock shot up to its all-time high price of $132.73. But to be honest, I think I got lucky
Food-delivery leader Doordash (NYSE:DASH) made its debut on Dec. 9 at an opening price of $192. On the same day, Doordash stock hit a record high of $195.50. Now it is flirting with $140. Put another way, in a matter of three weeks, the stock has lost about 23% of its value. Source: Sundry Photography /
Billionaire investor Carl Icahn warned of the possibility of a significant decline for stocks at some point, telling CNBC’s Scott Wapner that “wild rallies” in the market always meet a dramatic end. Wapner reported Icahn’s warning on “Halftime Report” during a turbulent day for the stock market. “In my day I’ve seen a lot of
Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Liesa Johannssen-Koppitz | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Quantumscape — Shares of the battery company slid more than 37% as investors
While the stock market flopped to start 2021, shares of premium Chinese electric vehicle maker Nio (NYSE:NIO) did not. As of this writing, the S&P 500 is off about 2% in the first trading day of the New Year, while NIO stock is up about 10%. Source: Andy Feng / Shutterstock.com Why the surge in NIO
If it weren’t for the novel coronavirus disaster, 2020 could have been known as the year of the SPAC, or special purpose acquisition company. An alternative to the initial public offering, many electric vehicle manufacturers found themselves utilizing this method to enter the capital market. But for those tired of sifting through various EV plays,
Zacks has 2 excellent stock rating systems. What’s the difference between them? And which one is right for you? Learn the answer in this video commentary.
No doubt, 2020 was a banner year for SPACs. Yet that wasn’t enough to save Hyliion Holdings (NYSE:HYLN) stock. Shares in the company, previously known as Tortoise Acquisition, soared in the run-up to its merger with the hybrid truck maker. Source: nrqemi / Shutterstock.com But since September, shares have fallen from as high as $55.85
Financial vs. Medical Power of Attorney: An Overview A medical power of attorney authorizes healthcare decisions to be made on your behalf by a designated individual, while a financial power of attorney allows for an authorized individual to oversee your finances if needed. In general, a power of attorney is a document authorizing an individual
This year was full of firsts and I can’t wait to put an end to it today. The pandemic brought about a global reset button. We had to adapt and relearn many basic things we took for granted before the virus. In March when we shut down the world, I would have thought that stocks
Perhaps no other contributor on InvestorPlace mentions analysts more than David Moadel. Seemingly every other article I read from him, he’s either agreeing with them, debating them or being perplexed at their deductive processes. But love them or hate them, they serve a purpose beyond providing a list of upgraded stocks (or downgraded in other
Recently Hertz Global Holdings (OTCMKTS:HTZGQ) sold one of its subsidiaries to a private equity firm for $825 million. But don’t be lured into thinking this will be enough to get Hertz out of bankruptcy. The truth is Hertz stock is completely worthless. It has been rising lately and this might lure some into believing it
Editor’s note: This column is part of our Best Stocks for 2020 contest. John Jagerson and Wade Hansen’s pick for the contest is Disney (NYSE:DIS). “Please keep your arms and hands inside the ride at all times…2020 is going to be a tumultuous year.” Source: by InvestorPlace That is how we started our write up
If there was ever coverage on a particular company that could be classified as almost exclusively low-hanging fruit, DoorDash (NYSE:DASH) would be it. Frankly, when you peruse the blogosphere, everyone’s writing the same article: DoorDash stock enjoyed the benefits of a supercharged initial public offering but once the euphoria fades, shares will crumble. Great but
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Kevin Matras looks at the ‘short ratio’ as a market sentiment indicator and shows how to use it for finding winning stocks. Highlighted stocks include CONN, CWTR, HNZ, VMED and WGO.
XpresSpa (NASDAQ:XSPA) is trying to redo its business model. It used to be an airport spa company, but Covid-19 destroyed that model. Now it’s becoming an airport Covid-19 testing company. It has already signed up a number of airports in this new model. For owners of XSPA stock, the hope is that this model will
What Is Insider Trading? An insider is a person who possesses either access to valuable non-public information about a corporation or ownership of stock equaling more than 10% of a firm’s equity. This makes a company’s directors and high-level executives insiders. Top 3 Most Scandalous Insider Trading Debacles Key Takeaways An insider is someone with either access to valuable
Everyone loves a good bargain, right? Well, when the market endured that painful selloff in March, it drove down stock valuations. At the time, though, volatility was so high and there were so many unknowns that it was hard to pile into names. So, are there still cheap stocks to buy now? The short answer?