Two big things happened for electric vehicle (EV) maker Canoo (NASDAQ:GOEV) this past week. The big question is whether this represents the beginning of a GOEV stock revival that takes it into the $20s and beyond. Source: Nick Starichenko/InvestorPlace.com In early January, CNBC’s Jim Cramer argued that GOEV was a good buy around $12. A quick look
Way back there in 2017, Naked Brand Group Inc. (NASDAQ:NAKD) traded in territory worthy of a mega-buff body builder. If I have my figures right, NAKD stock topped $1,400 per share on Feb. 10, 2017. It was a heady time for a company that, in its own words, “focused on enhancing the architecture of the
Ideanomics (NASDAQ:IDEX) has been one of the more actively traded stocks in 2021. On Feb. 8, IDEX stock closed at $5.43. That was fueled by retail investors eyeing their next GameStop (NYSE:GME) candidate (IDEX isn’t available to institutional investors, yet). However the stock couldn’t hold its 163% gain and is trading at about 50% of
Canadian enterprise software group Blackberry (NYSE:BB) has had a rollercoaster ride in recent weeks. BB stock finished 2020 at $6.63. Then, on Jan. 27, it hit a multi-year high of $28.77. By March, the share price was down to $8.82, but today BB rests at around $11.50. Source: Shutterstock This recent volatility in BB stock has,
Social Capital Hedosophia Holdings Corp. IV (NYSE:IPOD) stock is another special purpose acquisition company (SPAC) that has all the advantages and risks of SPAC investing strategies. There’s potential for high returns, but at the same time quite a bit of risk. Therefore, let’s look at the main factors to consider when investing in IPOD stock.
It was yet another wild week in the market as tech stocks continued to lag while the S&P 500 rallied to new all-time highs. Source: Shutterstock We’ll analyze the broad action in today’s new episode of MoneyLine and I’ll highlight where I think stocks are heading next. But even more importantly, we’ll turn back the
When I got the email to analyze Zomedica (NYSEAMERICAN:ZOM) — again? — I was a bit disappointed. I just covered ZOM stock a month ago and if I may toot my own horn for just this once, I felt that I gave the veterinary play a fairly comprehensive go, assessing both the bull and bear
Salesforce.com (NYSE:CRM) announced strong earnings on Feb. 25 for fiscal year 2021, including 20% annual revenue growth. But the problem is that going forward, the company projects much lower earnings per share (EPS). In turn, this puts CRM stock on a high price-earnings (P/E) multiple and leaves it with no bargain element. Source: Bjorn Bakstad
One of the arguments I’ve heard supporting the surge in special purpose acquisition company (SPAC) initial public offerings (IPOs) is that they’re healthy for the markets because it creates more investor interest in public companies. With the addition of up-and-coming businesses such as Roblox (NYSE:RBLX) and RBLX stock, younger investors are getting an opportunity to
There are various reasons for asset markets trending higher after the novel coronavirus pandemic triggered correction. A key reason has been expansionary monetary policies and fiscal policy that supported and revived GDP growth. Easy money has also manifested itself in the form of inflation in various asset classes. As a broad asset class, commodities still
The “Reddit Wars” didn’t end when GameStop Corp. (NYSE:GME), movie theater owner AMC Entertainment Holdings Inc. (NYSE:AMC), BlackBerry Ltd. (NYSE:BB), and other online message board favorites crashed in late January. Source: Shutterstock In fact, as of late, GameStop is making another huge surge. It’s back up to around $200 after falling from $500 to $60 earlier this year.
Simultaneously one of the most compelling and frustrating investment opportunities at the moment is Nano-X Imaging (NASDAQ:NNOX). Offering the technology to completely disrupt the medical imaging industry and create new business platforms such as Imaging-as-a-Service, Nano-X could be one of the most significant innovations of our time. Yet someone also needs to tell NNOX stock,
Cobalt is commonly used in batteries like those used in electric vehicles, so as you can imagine, demand for it is increasing. The supply-and-demand dynamic for the metal is attractive, given that suppliers are having trouble keeping up with demand. Source: Nick Starichenko/InvestorPlace.com RBC Capital Markets analyst Tyler Broda sees cobalt as a positive driver
What a week it has been — and it’s only Tuesday. Source: Shutterstock Just one day after falling into correction territory, the Nasdaq rallied 3.7% to record one of its best days since November. This isn’t the first time in history that the Nasdaq has quickly fallen 10% or more. I analyze the action for