Virgin Galactic leaders in front of the New York Stock Exchange, from left: CEO George Whitesides, founder Richard Branson and Chairman Chamath Palihapitiya. Virgin Galactic Billionaire investor Chamath Palihapitiya, the chairman of Virgin Galactic who took the company public through a SPAC deal in 2019, sold his remaining personal stake earlier this week, a securities
Month: March 2021
A Model X is on display at a Tesla showroom on February 13, 2021 in Beijing, China. VCG | Visual China Group | Getty Images What’s behind the drop in tech stocks? A model Wall Street uses to value stocks is flashing caution. Tech stocks are in a correction. The Nasdaq 100, the largest 100
A logo of a Virgin Galactic is seen outside the building during the company’s first day of trading on the New York Stock Exchange (NYSE) on October 28, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Check out the companies making headlines in midday trading. Virgin Galactic – The space company’s shares
Speculators buy tomorrow and sell today. Investors can get bargains if they believe in yesterday. Home Depot (NYSE:HD) provides a good example of this market principle. HD stock ran up from a pandemic low of $152 last March to a high of $286 in August. They then bounced around for months before falling 11% in
The long bull market run on Wall Street shows no signs of slowing down. Even the novel coronavirus pandemic could not stop the markets from registering record gains. However, amidst all this, there are several stocks to avoid that are overpriced. It may seem surprising, considering the positive momentum we see nowadays. Several stocks have
Square Inc. (SQ) is a financial services and online payments company that provides hardware and software tools to help businesses run and grow their operations. Among Square’s primary products are: a point-of-sale hardware system; software for payments processing and analytics; Square Card, a free business debit card; and Cash App, a peer-to-peer (P2P) payment service.
Marathon Digital Holdings (NASDAQ:MARA) stock, formerly known as Marathon Patent, has found big success with its shift from patent trolling to Bitcoin (CCC:BTC-USD) mining. But, while this has resulted in outsized gains for MARA stock, should investors be concerned? Source: Shutterstock Yes and no. On one hand, it’s obvious Marathon is overvalued. While it has
Marijuana stocks moved higher after November’s U.S. elections on renewed hopes that federal legalization could become reality. Although legalization has happened in a patchwork manner on a state-by-state basis, federal action remains elusive. Senate majority leader Chuck Schumer and other senators have stated that they will push legislation this year. Broader sentiment is that now
Morgan Stanley is now the biggest General Electric bull on Wall Street after analyst Josh Pokrzywinski raised his target on the stock to $17 on Thursday, up from his prior forecast of $13. Shares of GE briefly topped $14 per share after the markets opened Thursday, setting a new 52-week high before paring gains and
A shopper wearing a protective mask checks out at a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell on Thursday: Costco – Costco shares fell 1.3% after the company posted mixed fiscal second-quarter results. Costco
A friend recently asked me the dumbest stock I’ve written about in the past 12-24 months. I answered that I’d have to think about it. However, if we’re talking about recent months, Naked Brand Group (NASDAQ:NAKD) and NAKD stock would be at the top of the list. Source: Shutterstock In November, I wondered why it
We highlight four ETFs that are benefitting from the surge in demand for chips.
I have written several articles about a SPAC (special purpose acquisition company) called Foley Transimene Acquisition Corp II (NYSE:BFT). BFT SPAC is going to merge with a payments company called Paysafe and the stock will be renamed PSFE after the merger closes. I still believe the BFT stock (PSFE stock) is at least 62% too cheap.
Like the frustrated knights of Arthurian legend who tried to withdraw Excalibur from the magical stone that gripped it, many investors have struggled in vain to withdraw profit from a short sale of Tesla Inc. (NASDAQ:TSLA) stock. Source: Shutterstock None has succeeded, except perhaps for a few fleeting moments. Tesla has been defying all skeptics, naysayers, and
The SpaceX Falcon 9 rocket and Crew Dragon capsule stand upright on the launchpad at NASA’s Kennedy Space Center ahead of the Demo-2 launch. Elon Musk’s SpaceX denounced a subpoena from the Department of Justice for its corporate hiring records, saying in a court filing that the investigation by the federal agency’s Immigrant and Employee
The logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok displayed on a computer screen. Denis Charlet | AFP via Getty Images Is it time for an ETF that measures hype? Measuring the buzz around stocks mentioned in social media is all the rage. Now there’s an exchange-traded fund for that. The Van Eck Vectors
Take a look at some of the biggest movers in the premarket: Okta (OKTA) – Okta tanked 10.5% in premarket trading after announcing it is buying customer management software provider Auth0 for $6.5 billion in stock. The provider of identity management software also reported quarterly earnings of 6 cents per share, compared to consensus forecasts
This pandemic has presented the global economy with an unprecedented challenge. The level of globalization, ease of travel from one country to another and the ensuing shutdowns contributed to the sharpest economic decline the developed world has ever seen. These conditions also made for unprecedented volatility in the stock market, sending even high-quality dividend stocks
Recently, the markets witnessed a relatively sharp correction. But there were some stocks that remained resilient. For example, Altria (NYSE:MO) has returned 7.3% in the last one month. On the other hand, stocks like Tesla (NASDAQ:TSLA) significantly underperformed, delivering negative returns of 23.5% in the same period. Similarly, Canadian Solar (NASDAQ:CSIQ) delivered -26.7%. Yet, all
Investors looking to enjoy the touch, feel and security of owning gold may wish to buy gold bars instead of intangible investments such as gold exchange-traded funds (ETFs). Physical, investment-grade gold, also referred to as gold bullion, can be purchased at spot price, which is the price of un-fabricated gold plus additional costs, which vary