Last year, a paradigm shift occurred — and I’m not just talking about the novel coronavirus. Certainly, the global health crisis initially devastated economies the world over, and we’re still working through the rubble. But amid the mess, a new wave of investors jumped onto trading platforms like Robinhood (NASDAQ:HOOD), driving up broader market sentiment.
Stocks to buy
Market sentiment has once again soured on Canadian marijuana producers like Canopy Growth (NASDAQ:CGC). The past few years of poor results are still fresh in the minds of investors. This can be clearly seen in CGC stock, which rallied to a high of more than $50 from late last year to February. Source: Shutterstock Canopy Growth
AT&T (NYSE:T) is undergoing some structural changes, which have investors concerned about its future prospects. However, the company should emerge as a more streamlined and robust enterprise after its successful reorganization. It’s positioned incredibly well to benefit from the 5G boom, and its decision to focus on its core business has already started to pay
Cybersecurity technology company CrowdStrike (NASDAQ:CRWD) has given investors plenty to cheer about lately. CRWD stock has risen nearly 30% so far in 2021 and 78% over the past year. Source: Shutterstock That kind of growth has led many investors to question whether a slowdown is imminent. The good news is that it doesn’t appear to
After a 2% drop in the indices on Monday, it’s now much easier to find stocks to buy on dips. Today we focus on one that was already in trouble before the most recent debacle. Skillz (NYSE:SKLZ) stock is 75% off of its all-time highs. But in all fairness, the rally that took it to
At the end of last year, I wrote that analysts’ earnings projections for Moderna (NASDAQ:MRNA) were $9.46 per share for 2021. Now those same analysts have average earnings per share (EPS) forecasts of $30.12 for 2021, or over 3 times the prior numbers. I wrote that MRNA stock was worth $180. But as of Friday,
Even with the major stock-market indexes showing gains for 2021 year-to-date, shares of Micron Technology (NASDAQ:MU) have gone nowhere as of mid-September. Undoubtedly, this must be disappointing for some MU stock holders. Source: Sundry Photography / Shutterstock.com This situation might induce some folks to dump their Micron shares and seek better returns elsewhere. However, that would
The markets are entering the last quarter of another eventful year for equities as an asset class. Without doubt, the year will be remembered for Reddit and Meme stocks. It’s also a year when Robinhood (NASDAQ:HOOD) trading platform gained significant traction as millennials took a plunge into stock trading. In general, meme stocks were among
It’s no secret the investing world is obsessed with all-electric vehicles (EVs). Several EV stocks, Tesla (NASDAQ:TSLA) being chief among them, have given investors triple-digit gains this year. But in recent weeks, the stocks have seen a correction. Against this backdrop, QuantumScape (NYSE:QS) stock, down 12.5% last month, becomes an interesting play. Source: Michael Vi/Shutterstock.com
Cassava Sciences (NASDAQ:SAVA), the Alzheimer’s disease (AD) drug company, certainly has had a rough time. In fact, one author recently called SAVA stock a “volatile, battleground stock.” This is because the company has endured a number of short attacks recently. Most of these came out after their recent September release of 9-month Phase 2 results.
Nio (NYSE:NIO) stock is in a slump. It’s not anywhere near the extent of punishment it suffered in 2019 when NIO stock plummeted 85% in 8 months. However, NIO is down 29% from the end of June when it was trading just over the $53 mark. And it’s down about 30% since the start of the
Cinema stocks weren’t buzzworthy until 2021 when movie theater chain AMC Entertainment (NYSE:AMC) became a target of Reddit traders. Once they took hold of AMC stock, all bets were off and the share price soared. Source: QualityHD / Shutterstock.com Indeed, it wouldn’t be unreasonable to call 2021 the “Year of the Meme Stock.” Yet, will this wild
As the world’s biggest cruise operator, Carnival (NYSE:CCL) is known as an industry leader. Consequently, CCL stock can be used as a benchmark to see how the U.S. cruise-line market is doing overall. We’ll delve into the stock’s price action, but the Covid-19 pandemic certainly shipwrecked Carnival, and it’s been a real struggle to get the
A pharmaceutical play, Novavax (NASDAQ:NVAX) has been on the move. In fact, NVAX stock has risen nearly three times higher since November of last year. Source: Ascannio/Shutterstock.com This leap is primarily due to the company’s Covid-19 vaccine inching closer to commercial release. However, despite the price appreciation, I believe there is still plenty of upside
The bull market on Wall Street has been going on for at least eight years. Late last week equities hit a small snag, and sellers stepped in early everyday and ruined a perfectly strong open. Even before Wednesday’s pop, they were still 2% away from the all time highs. Therefore, investors should be looking for
Sofi Technologies (NASDAQ:SOFI) has been incredibly volatile over the last few months. In May, SOFI stock bottomed along with most other high-growth stocks. That was as the group’s bear market came to an end. Source: rafapress / Shutterstock.com Soon after, shares erupted, nearly hitting $25 and for a moment climbing more than 75% from the
The fascination with SPACs is dying out. They are no longer the conversation hogs that they were just a few months ago. Since late last week, market sentiment flipped bearish – and without specific reason. Meanwhile, the bulls are still in control judging from the charts. This is not true for prior stars like Opendoor
Just because we hit retirement, doesn’t mean we’re making a total shift to bonds. There are still stocks to buy that are both interesting and profitable. But more times than not, investors at that stage are looking for some income. That involves a lot more than just screening dividend stocks and sorting by yield. Investors
Driven by demand from electric vehicles, global lithium price has been trending higher, which is good news for lithium stocks. SQM, a producer of the rechargeable battery ingredient, believes that demand is accelerating faster than previously anticipated. SQM further believes that total lithium demand could surpass 1 million tons in 2025. With electric vehicle adoption
Rejection can be painful, especially if you’re a longtime investor in Canadian cannabis company Sundial Growers (NASDAQ:SNDL). Time and again, SNDL stock has flirted with the key $1 level, but gravity keeps pulling it back down. Source: Postmodern Studio / Shutterstock.com I’ll admit, I recommended a patient stance on Sundial Growers in July, and my timing wasn’t perfect.