By-and-large, meme stocks have moved lower last month. But Exela Technologies (NASDAQ:XELA) stock was one that bucked the trend. Source: shutterstock.com/Luca Lorenzelli Shares in the business process automation provider are no stranger to rallies fueled by Reddit’s r/WallStreetBets community. Before its short-lived July run-up, it experienced a similar brief period of off-the-charts enthusiasm back in
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Like many others who followed the Reddit-fueled surge in GameStop (NYSE:GME) stock, I was taken aback by the initial price action. Source: Shutterstock / mundissima A down-on-its-luck stock appreciating many times over is not something you see every day, but now that it’s been a few months since the phenomenon started, it is more astounding
Ashford Hospitality Trust (NYSE:AHT) is a real estate investment trust (REIT) that owns full-service upscale and upper-upscale hotel properties in the U.S. AHT stock opened on August 3 at $15.35. Source: Shutterstock All of its hotels are located across the U.S. and operate under brands including Marriott, Hilton, Hyatt, Crowne Plaza, Sheraton and others. Ashford
Investors in Oracle Corporation (NYSE:ORCL) — at least, those who came on board after 2002 — have been a pretty happy lot. When the dotcom bubble burst in 2000, ORCL stock was hammered. In just two years, investors saw their holdings drop in value by more than 80%. However, since 2002, Oracle shares have been
Everybody wants to find the next big runner, but it’s not always the stock you’d probably expect it to be. Case in point would be Carver Bancorp (NASDAQ:CARV), as CARV stock wasn’t heavily traded or talked about until recently. Source: Pavel Kapysh/Shutterstock.com I’ve proudly profiled Carver Bancorp before. It’s a financial institution with a rich history
Once considered a laggard company in the world of technology, Oracle (NYSE:ORCL) stock has made a comeback as one of the best-performing tech names of 2021. Source: Jonathan Weiss / Shutterstock.com It was the original champion of database technology. Now Oracle is becoming an emerging force in both backend infrastructure technologies and software-as-a-service (SaaS). In other
As SoFi Technologies (NASDAQ:SOFI) stock falls back to around $15 per share, is now the time to buy? Not really. Over a long enough timeframe, entering a position in the fintech company’s shares right now could end up being a highly profitable move. Source: rafapress / Shutterstock.com Assuming of course, that it becomes the next
Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) just reported stellar second-quarter results, in terms of both revenue and earnings. But even more importantly, its free cash flow (FCF) grew substantially, both in absolute numbers and FCF margins. As a result, I believe that GOOG stock is now worth at least 30% more or $3,554 per share. This article will
Short squeezes have been all the rage on Wall Street in 2021. But even with its massive short interest, traders shouldn’t expect a short squeeze from Tesla (NASDAQ:TSLA) stock anytime soon. Source: Grisha Bruev / Shutterstock.com GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) are just two examples of stocks that skyrocketed this year thanks to short
Skillz (NYSE:SKLZ) stock has been attempting to recover since May. Some investors dove in because it was a short-squeeze stock. Others bought it for its still-strong growth prospects. But in the past few weeks, SKLZ stock has pulled back once again. Source: Rawpixel.com/Shutterstock.com The latest round of “meme stock madness” has dissipated, and Reddit traders
It’s finally happening. Shareholders approved the long-awaited merger between Churchill Capital and Lucid (NASDAQ:LCID) on Friday. This was the last roadblock to making the deal a reality. As such, as of Monday, CCIV stock has converted into LCID stock. The company is known as Lucid Group and trades on the Nasdaq. Source: T. Schneider / Shutterstock.com The
With the worrying volatility of cryptocurrencies since their April and May highs of this year, it’s not just digital asset speculators that are concerned. In addition, companies that benefit from blockchain bullishness, particularly graphics processor manufacturers like Nvidia (NASDAQ:NVDA) may encounter some choppiness down the line. Indeed, NVDA stock has already printed some hefty red-ink
So far, it’s been the biggest IPO this year. Yet, that hasn’t meant much for investors who bought Coupang (NYSE:CPNG) stock after it began trading on the New York Stock Exchange back in March. On its first day of trading, it hit prices topping $69 per share. After that? It’s been a long slide for
SoFi Technologies (NASDAQ:SOFI) had been turning heads ever since it was announced as a merger target for Chamath Palihapitiya’s Social Capital Hedosophia Holdings Corp. V. Source: rafapress / Shutterstock.com The newly public fintech platform plans to evolve into a full-stack ecosystem that effectively caters to the financial needs of the younger generation. The company’s digital
Guardian Fund, a Dutch-based investment fund, had good things to say about Palantir Technologies (NYSE:PLTR) in its first-quarter 2021 report. The fund believes Palantir is “one of the more important global software companies.” Additionally, it noted the company has invested more than $200 million in eight companies that could pay big dividends in the future.
It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi? Uber Technologies (NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019. Source: TY Lim / Shutterstock.com More than
Is it a meme stock, or is it the real deal? That’s a legitimate question which prospective investors in Chinese brand developer SGOCO Group (NASDAQ:SGOC) might ask. After all, informed traders should want to look beyond the surface with SGOC stock. Source: Sorbis / Shutterstock.com Granted, it’s exciting to watch the stock make powerful moves. For
On July 12, Jefferies analysts downgraded Rocket Companies (NYSE:RKT) from buy to hold while cutting their price target for RKT stock by 31% to $18. Source: Lori Butcher / Shutterstock.com As I write this, the mortgage originator’s stock is trading at or near the analysts’ target, suggesting it could be dead money over the
FuboTV (NYSE:FUBO) is likely on track to produce positive free cash flow (FCF) or come very close to it next year, given the streaming company’s huge subscriber growth. This should become clear to investors and analysts alike when the company produces its Q2 2021 results on Aug. 10. I project that FUBO stock will spike
Bill Ackman’s special purpose acquisition company (SPAC) Pershing Square Tontine Holdings (NYSE:PSTH) just dumped its complicated deal to acquire 10% of Universal Music Group (UMG) for the SPAC. As a result, PSTH stock faces more uncertainty and doubt about its ability to close on a large reverse merger. Source: Dmitry Demidovich/ShutterStock.com In an interview with CNBC on
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