Stock Market

On Jan. 20th, Hims & Hers Health (NYSE:HIMS) announced that it will begin trading on the New York Stock Exchange as HIMS stock. How? Well, the company did this by using a Special Purpose Acquisition Company (SPAC). That is, there was a merger into the shell company Oaktree Acquisition Corp. Source: Lori Butcher / Shutterstock.com

The blowout rally in Bitcoin (CCC:BTC-USD) continues. As I write this, the best-known and most-valuable cryptocurrency trades above $47,000, down modestly from an all-time high set on Thursday morning. Source: Shutterstock Bitcoin now has roughly tripled since November, and rallied more than 50% this year. And the optimism makes some sense. Notably, corporations are increasingly

Controversial Palantir (NYSE:PLTR) stock is up 236% in three months, prompting overvaluation concerns. I have written a couple of times on the company. It’s no secret that I am bullish on PLTR stock, considering the business model and its client list. However, shares are trading at 303 times forward price-to-earnings, and there is no shortage

Lion Electric, which manufactures electric vans and buses, has agreed to merge with Northern Genesis Acquisition (NYSE:NGA) a special acquisition company (or SPAC), by the end of the current quarter. Given the high valuation of NGA stock, along with the tough competition that Lion will face, the fact that it has not yet made very

A SPAC (special purpose acquisition company) play like Social Capital Hedosophia VI (NYSE:IPOF) stock has two aspects. First, it’s a pot of money raised during the SPAC’s initial public offering. Second, it has optionality should the SPAC find a merger target of which the market approves. Source: Shutterstock That’s it. There’s no business to a

Since December, Argo Blockchain (OTCMKTS:ARBKF) stock has ridden the Bitcoin (CCC:BTC-USD) rocket ship to new heights. After listing on the OTC markets last year, the U.K.-listed blockchain mining company has seen shares rise from $0.17 to $2.72 — a stunning 1,500% return. The reason for the outsized returns is simple: cryptocurrency miners have incredibly high

It was quite the week. Source: Shutterstock Stocks hit new all-time highs. Bitcoin hit new all-time highs, too. And I remain as bullish as ever on both asset classes. That’s what I want to talk about on today’s new episode of MoneyLine. We’ll discuss the market first. All four major indices are at or near

With meme stocks, meme culture has finally hit Wall Street. What’s a meme stock? In short, a stock, popular with millennial-aged retail traders, that trades more on hype than its underlying fundamentals. This hype could be generated on Reddit’s WallStreetBets forum. It could also come from social media platforms like Twitter (NYSE:TWTR), or StockTwits. Meme

It’s no secret that green energy stocks are red hot, with some green energy plays soaring as high as 400% since March 2020. And solar is set to continue to beat the broader market. Joe Biden has pledged $2 trillion to renewable energy — a move that is set to send the value of specific

There’s a lot of noise around GameStop (NYSE:GME) stock at the moment. In fact, there might be more noise around GME than any other single stock in recent memory. Source: rblfmr / Shutterstock.com The GameStop “short squeeze” literally became a national story. The narrative of a plucky band of individual investors taking on – and

Lots of investors are excited about Tuscan Holdings (NASDAQ:THCB) and its plans to take a Houston-based battery company called Microvast public. In fact, THCB stock has become a magnet for hype. Source: Shutterstock According to InvestorPlace’s Matt McCall, this is a slam dunk for a patient investor. Similarly, contributor Robert Lakin writes that you may want to

In the last week of January, the SPDR S&P 500 Trust ETF (NYSEARCA:SPY) gave bulls a real startle. Investors saw the SPY quickly unwind, falling 4.5% in four days. Coming into that stretch, there were some warning signs and certainly some reasons why larger investors might have been unwinding their positions a bit. Source: Shutterstock

Before you blast me with what I’m about to say next, I’m not pointing fingers, just to be clear. However, the pharmaceutical and biotech industries demonstrated cynical capitalism at its finest. When the novel coronavirus first hit us, the crisis threatened to disrupt everything. Naturally, everyone that could transitioned to addressing SARS-CoV-2. You can add

From time to time, it’s nice to have an uneventful day in the market when volatility is low and stocks don’t make any big moves. Today was one of those days — and I’m more thankful than usual. Source: Shutterstock I spent the holidays in Nicaragua … and then I extended my trip … and

Back in September, Chamath Palihapitiya brought an exciting company to the public through special purpose acquisition company (SPAC) Social Capital Hedosophia II, which traded as IPOB stock. That company merged with OpenDoor Technologies (NASDAQ:OPEN), and thus OPEN stock was born. Source: Shutterstock Palihapitiya’s claim was that OpenDoor, which is an online marketplace for buying and selling

Along with the pandemic, 2020 will be remembered on Wall Street as the year of electric vehicle (EV) and alternative energy stocks. For instance, the International Energy Agency is planning soon to reveal the world’s first global roadmap to net-zero emissions by 2050. And EVs are poised to play a central role in this global

It might only be a small crack in Advanced Micro Devices’ (NASDAQ:AMD) platinum-plated armor, but year-to-date through Feb. 3, AMD stock has a total return of -4.2%. Long-time investors probably can’t remember the last time it’s started a year so slowly. The question is whether Chief Executive Officer Lisa Su should take the early correction

Overall, if there is insider buying, it could be a bullish sign for a company’s stock. Insiders have access to confidential information. Unfortunately, some insiders have used this information to gain an advantage over members of the public who do not have access to it. For example, if an insider may knows news is about

The resurgence of special purpose acquisition companies (SPACs) has created some of the markets hottest opportunities, such as Pershing Square Tontine (NYSE:PSTH). Set up by Bill Ackman of Pershing Square Capital, PTSH has already rallied from a low of $21.88 to a recent high of $31.21. Source: Shutterstock Shortly after, it would pull back to

On Nov. 10, Zomedica (NYSEAMERICAN:ZOM) closed at about 8 cents. Now, only a few months later, ZOM stock trades at around $1.90. Source: didesign021 / Shutterstock.com In other words, the stock has gained over 2,600% in just the past three months. That is a massive, massive rally. Now, the fact that it has soared doesn’t