Nio (NYSE:NIO) stock is still one of the hottest electric vehicle plays. Source: xiaorui / Shutterstock.com The last time I offered my opinion on the stock, I said I’d like to see NIO back to $67.50 long-term as company deliveries explode higher. That was on July 15 as NIO stock traded around $43. It hasn’t moved
Stocks to buy
An investment into Corsair Gaming (NASDAQ:CRSR) stock is worth a serious look. It isn’t a definite buy as the gaming company does face challenges, but there’s plenty of upside. CRSR stock now hovers just above its year-to-date low, last week’s $26.16 a share. Source: Rawpixel.com/Shutterstock.com The company is clearly in a strong growth environment. So,
Back in May, I wrote that Senseonics (NYSEAMERICAN:SENS) stock was likely to rise from $1.80 to over $3.00 per share. Now this has happened; on Aug. 9, SENS stock closed at $3.25 per share. Yet, it still looks like a good buy from here. Source: Minerva Studio / Shutterstock.com Why? Well, for the past three
There is a lot of reason to be bullish on Novavax (NASDAQ:NVAX) stock. No, the company’s Covid-19 vaccine has not been granted FDA approval. But that truth in combination with delta variant concerns and international sales prospects make Novavax powerful. Source: Ascannio/Shutterstock.com Novavax burst onto the scene in a major way back in the summer
Investors have been bullish for at least three years. Much of the credit goes to the Federal Reserve. As it is, Wall Street has a habit of overshooting in both directions. So it is not a surprise to see markets break records about breaking records. Today we will illustrate that over-reaction point with Uber (NYSE:UBER) stock.
Since trading began on Aug. 4, Novavax (NASDAQ:NVAX) has risen and fallen dramatically multiple times, starting about 28% higher at the start of Aug. 11. As a result, it seems the tight range NVAX stock has been trading in is about to go by the wayside. Source: Ascannio/Shutterstock.com However, if it wants to return to
August marks the end of summer for many students and the start of a new school year. After the winter holidays, the back-to-school season is the second-most important shopping season for retailers. As a result, retail stocks are poised to gain handsomely during this time. According to a forecast from professional services firm Deloitte LLP,
With shares of ContextLogic (NASDAQ:WISH) up 16% in the past five trading sessions, should investors take a leap of faith on the e-commerce start-up? Source: sdx15 / Shutterstock.com San Francisco-based ContextLogic operates Wish, an e-commerce platform that facilitates transactions between online sellers and buyers. Think of it as a newer, smaller version of eBay (NASDAQ:EBAY).
Under Armour (NYSE:UA, NYSE:UAA), the U.S.-based sports clothing and footwear retailer, posted truly amazing results for its second quarter, ending June 30. This implies that UAA stock could easily rise 86.6% to $46.30 over the next year and a half, assuming its free cash flow (FCF) margins hold up on 2022 sales forecasts. Source: Sorbis
Hands down, water is the most valuable commodity on Earth. But with a prolonged drought sending reservoir levels at Lake Mead to dangerous lows, many expect the U.S. government to soon declare a water shortage there. As climate change impacts this essential resource, investors should look into water stocks from companies that offer consistent service
Compass Pathways (NASDAQ:CMPS) has been beaten up lately. But the fundamentals are rapidly improving, making now a great time to buy this psychedelic stock. Source: Shutterstock CMPS and other companies championing psychedelic-based therapies are seeing legalization tailwinds grow rapidly. Many cities across the U.S. are in talks to decriminalize psilocybin, among other substances. Cities in
Square’s (NASDAQ:SQ) deal to buy Australia’s Afterpay (OTCMKTS:AFTBY) for $29 billion in new stock sent SQ stock up 10% but landed like a bomb on the payments industry. Source: Jonathan Weiss / Shutterstock.com Processors Visa (NYSE:V) and MasterCard (NYSE:MA) both fell, Visa by nearly 2.5% and MasterCard by more than 2.75%. It could have meant
Roblox (NYSE:RBLX) stock is tanking, but so are all gaming stocks. It appears that Chinese regulators have made up their minds to make the gaming sector their next target. However, RBLX should remain relatively unscathed due to it having only a minor presence in China at the moment. Source: Miguel Lagoa / Shutterstock.com Long story
History has repeatedly shown that market crashes are almost a “natural” part of the investing cycle. On July 19, the S&P 500 saw its worst single-session plunge in months, fueling speculation that a major correction might be around the corner — and that will provide stocks to buy. The spread of the delta variant, which
Easily one of the biggest and most painful ironies in our modern society is the rise of mental health issues. According to data from Mental Health America, in 2020, “9.7% of youth in the U.S. have severe major depression, compared to 9.2% in last year’s dataset.” By logical deduction, traditional methodologies to address this concern
Newegg Commerce (NASDAQ:NEGG) is a California-based online retailer that specializes in computers, electronics, PC and gaming accessories and related products. Newegg has been in business since 2001, but the company only went public this May. In a reverse merger (details here) it became Newegg Commerce. NEGG stock began trading on May 20, and since then it
Electric vehicle (EV) stocks have seen renewed enthusiasm recently. However, this optimism has provided little solace for long-time investors in Workhorse (NASDAQ:WKHS). The stock has more than doubled from its low point in May around $7 to a recent high of $18. WKHS stock closed today trading at $11.46 per share, which is a long
Navigating the stock market is never easy, particularly in these times. Although the markets are on fire, value investors are still squeamish on which stocks to buy. After all, this economy is dominated by electric-vehicle (EV) plays and SPACs, or special purpose acquisition companies. Understandably, the whole situation can confuse the best trader. That’s why
Penn National (NASDAQ:PENN) has generated profits in each of the last two quarters — and the company’s first-quarter results were particularly impressive. But that’s not the only reason to like PENN stock. Source: Casimiro PT / Shutterstock.com On top of its quarterly performance, Penn National also looks critically well-positioned to benefit from a meaningful expansion
ContextLogic (NASDAQ:WISH) is well-positioned to benefit from the turbulence that China-based e-commerce companies are facing. Further, after outlining multiple, positive catalysts in my previous column on WISH stock, published on June 28, I have identified several more drivers that are likely to boost the shares over the longer term. Source: sdx15 / Shutterstock.com Among these