Stranded container ship Ever Given, one of the world’s largest container ships, is seen after it ran aground, in Suez Canal, Egypt March 26, 2021. Suez Canal Authority | Reuters The massive Ever Given container ship, stuck in the Suez Canal, provides a vivid image for a world economy whose global supply chains were already
Month: March 2021
Earlier this month, Transenterix (TRXC) stock became Asensus Surgical (NYSEAMERICAN:ASXC). But, as they say, don’t judge a book by its cover. A digital surgery play, ASXC stock remains the same bad opportunity it was under its prior moniker. Source: Dmytro Zinkevych / Shutterstock.com What do I mean when I say bad opportunity? Trading for pennies
The ever-growing legal marijuana industry has inspired a wave of confidence among eager investors who expect cannabis-related stocks to continue to rise. There are ample reasons to expect that this trajectory will play out, including the recent move toward national legalization in Canada and the increasing number of states in the U.S. which have legalized
Social Capital Hedosophia V (NYSE:IPOE), a SPAC (special purpose acquisition corp.), should close its merger with Social Finance (SOFI) soon. The deal was announced on Jan.7, and at the time, the firm indicated it would close by the end of first quarter of 2021. Overall, though, IPOE stock (to be renamed Social Finance) looks undervalued
Just a few months into 2021, we’ve already witnessed a handful of explosive initial public offerings (IPO’s). Among them was the Roblox (NYSE:RBLX) IPO, which generated quick returns for well-timed RBLX stock traders. Source: Miguel Lagoa / Shutterstock.com However, not everyone simply wants to flip the stock for a quick trade. There might be greater profits
An RS1 rocket booster undergoes acceptance testing. ABL Space Rocket builder ABL Space closed a $170 million round of funding, the company announced on Thursday, making it the latest private space venture to reach the unicorn valuation mark. ABL raised the funds from T. Rowe Price and Fidelity Management, as well as a third unnamed
Take a look at some of the biggest movers in the premarket: Rite Aid (RAD) – Rite Aid expects to report a loss for its just-concluded fiscal year, compared to analysts’ forecasts of a $125 million profit. The drugstore chain was hit by a 37% drop in sales of cold, cough and flu-related products, as
When the coronavirus first touched down uninvited onto our country, one of the worst-hit sectors was retail stocks. This of course is no surprise to anyone with a functioning brain cell. At the time, we didn’t know much about the new virus — and clearly, there’s much to learn. Therefore, when state governments imposed lockdown
The stock market has bounced around quite a bit this week, up on Monday, and then down on Tuesday, Wednesday and again today. The reality is the market continues to oscillate, which is why stocks will be up one day and then down the next. This is the oscillating market I have referred to several
COVID-19 has created an Apollo Mission status for advanced medical technologies and smart investors are profiting.
After a bullish year of big gains for growth investors, market jitters have set in. The U.S. 10-year Treasury yield recently reached a 52-week high, now sitting above 1.7%. In January 2017, that yield was over 2.5%, and economists are debating whether we’ll soon see a return to those levels. But despite occasional pullbacks in
A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images GameStop snapped a five-day losing streak with a significant surge on Thursday, as shares of the retail company rose roughly 50% and showed that their wild swings are not yet over. The
Jason Kempin | Getty Images Entertainment | Getty Images Check out the companies making headlines in midday trading. GameStop — Shares rose 31% in midday trading as the volatile video game retailer stock looked to snap a losing streak and curb steep losses from the prior session. GameStop, which reported fourth-quarter earnings on Tuesday, is
In March, there have been 18 days of trading through March 24. GameStop (NYSE:GME) has seen GME stock rise nine times and fall nine times for an equal number of up days to down days. Source: Shutterstock / mundissima Overall, GME stock is up over 850% year-to-date. What’s not to like? The only problem: The
Cryptocurrency Hard Forks vs. Airdrops: An Overview If you’ve followed the cryptocurrency world for even a short time, it’s likely that you’ve heard both the terms hard fork and airdrop come up before. Perhaps you’ve even seen the totals in your digital currency wallet increase for no apparent reason at all and then discovered it was
Finnish telecommunications network tech provider Nokia Corporation (NYSE:NOK) is a stock that has, somehow, been bestowed with meme stock status of late. Social media-savvy retail investors have piled into NOK stock at a mind-boggling rate since the beginning of the year. Source: RistoH / Shutterstock.com Similar to other fan favorites such as GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC), Nokia saw a massive
If you think that owning shares of cannabis cultivators is the only way to invest in the burgeoning pot market, think again. There’s an indirect angle to the marijuana market with Innovative Industrial Properties (NYSE:IIPR), although admittedly, IIPR stock isn’t the most affordable name. Source: Jetacom Autofocus / Shutterstock.com That’s because its share price is high
A Fidelity Investments location in New York. Scott Mlyn | CNBC Fidelity Investments is preparing to launch its own bitcoin fund as the investment giant works to cement its clout in the market for digital assets and virtual currency. FD Funds Management, a subsidiary of Fidelity, said on Wednesday that it plans to provide financial
A logo of GameStop seen in Stephen’s Green Shopping Centre in Dublin. Artur Widak | NurPhoto | Getty Images Check out the companies making headlines in midday trading. GameStop — Shares of the brick-and-mortar retailer tanked 17% after failing to give investors enough details about its turnaround plan and acknowledging in a filing that it
The epic rise in Palantir’s (NYSE:PLTR) stock price started way before “meme stocks” became a thing. Back in November, on the heels of President Joe Biden’s election, investors aggressively bid up the stock, betting this big-data company’s ties with the incoming administration would pay off big time. But, as the momentum from this “Biden boost”
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