Lucid Motors (NASDAQ:LCID) makes its grand debut as a public company today. LCID stock is trading on the Nasdaq after its special purpose acquisition company (SPAC) merger with Churchill Capital IV (NYSE:CCIV) closed. When it comes to Lucid, we believe we’re only in the top of the first inning of a very promising long-term growth narrative.
Stocks to buy
Chipmaker Advanced Micro Devices (NASDAQ:AMD), better known as AMD, has been on a roll this year. The company is well-positioned for future market share gains as its diverse product array drives growth in its business. And despite its stellar fundamentals and future outlook, AMD stock trades at a considerable discount to its peers. Source: Sundry
Editor’s note: This article is part of InvestorPlace.com’s Best Stocks for 2021 contest. As cliché as it sounds, it’s been a very interesting start to the year over the past six months. Looking back on the first half of 2021, we continued to see a strong market response to 2020’s pandemic-driven ride. In terms of the
Penn National Gaming (NASDAQ:PENN) produced excellent results for the first quarter, showing that the casino gaming company is now producing free cash flow (FCF). As a result, PENN stock is likely to move significantly higher once the market sees it generate large amounts of cash. Source: Casimiro PT / Shutterstock.com Penn National Gaming has 42
In the next few years, the global legal marijuana market is expected to grow at a robust pace. As regulatory headwinds wane, the market size is expected to reach $70.6 billion in 2028. This would imply growth at a CAGR of 26.7%. It’s not surprising that investors have started looking at major marijuana stocks like
Novavax (NASDAQ:NVAX) looks like good value today given both its prospects (especially in India) and its valuation metrics. This is a biotech company that has developed a popular, non-RNA-related vaccine against Covid-19. Right now, it looks like NVAX stock could be worth at least 100% more to $419 than its present price of $209.52 as
On July 28 after the close of the market, traders will undoubtedly look forward to social media giant Facebook (NASDAQ:FB) reporting its quarterly earnings. In the lead-up to that event, many people will place their bets for or against FB stock in the hope of quick returns. Source: rvlsoft / Shutterstock.com The stakes are high, and
Just like other short-squeeze stocks popular during June, ContextLogic (NASDAQ:WISH) stock so far in July has been falling back to earth. Source: sdx15 / Shutterstock.com On July 1, the e-commerce play was trading for around $12.24 per share. It’s back down to single-digit price levels of around $9.50 per share today. In my previous article
Nanotechnology is not a novel concept. However, its application in a variety of areas is increasing at an exponential pace. That is why nanotech stocks are becoming the latest investment craze that is taking the markets by storm. The stock market is keen to find the next biggest technology boom. So, it isn’t surprising nanotech
FuboTV (NYSE:FUBO) stock has generated over 175% returns in the past 12-months. The company is establishing itself as a leader in the sports streaming realm as it differentiates itself from its entertainment-focused peers. Source: monticello / Shutterstock.com With growth catalysts in its advertising business and its foray into the sports betting industry, expect FUBO stock
Among the Electric Vehicle companies in China, Li Auto (NASDAQ:LI) stock is the least followed by the bullish investors. Source: Carrie Fereday / Shutterstock.com LI stock has the highest short interest and lowest market capitalization compared to NIO (NYSE:NIO) and XPeng (NYSE:XPEV). In June, Li Auto posted 7,713 Li ONE deliveries, up 320.6% year-on-year and
EV charging leader ChargePoint (NYSE:CHPT) has hit a rough patch recently. CHPT stock dropped 29% over the past month amid worries surrounding a lack of charging infrastructure spend in Biden’s new infrastructure bill. Also present are concerns that EV spending will take a backseat in the event that Covid-19 becomes a headline problem again. Source: YuniqueB
Telecommunications giant Nokia (NYSE:NOK) has seen a healthy run-up in its share price. NOK stock has delivered a remarkable 33% return to its shareholders in the past three months. Source: rafapress / Shutterstock.com After an impressive start to the year, the company’s management expects to raise its full-year guidance. Nokia’s turnaround story is well and
Growth has clearly been the winning investment strategy over the past decade. Buying shares of well-managed businesses in industries with above-average growth has proven capable of superior portfolio performance. Therefore today, we’ll discuss seven growth stocks that could be appropriate for a range of InvestorPlace.com readers. Most growth stock have high valuation metrics, such above
It’s never easy to pick stocks to buy for the second half of a calendar year. That’s especially true when the markets are hotter than a pistol — which they are in 2021. As of July 14, the S&P 500 was up 18.31% year-to-date (YTD). That’s an annualized return of almost 34%. Since 1928, the
ContextLogic (NASDAQ:WISH) is a fast-growing ecommerce company that makes money from B2C commissions on products sold through its website. Last quarter its revenue grew 75% year-over-year and its gross margins grew by 53.9%. I argued in my last article that WISH stock wouldn’t move much until the company became profitable. But now I’m starting to change
Tech stocks have been volatile trades so far in 2021, and we’re liable to see more wild swings in the near future. As the global economy reopens, investors increasingly find themselves in an ambivalent position where they need to choose between cyclical “old economy” stocks and high-growth tech stocks. Many tech names have seen occasional
It’s fair to say that Canopy Growth (NASDAQ:CGC) has an appropriate name, as the company has exhibited tremendous growth over the years. Recently, however, investors may have been disappointed in the performance of CGC stock. Source: Shutterstock The stock was on a tear earlier this year. However, the Canopy share price peaked in February and then
Stock markets are booming thanks to the tailwinds that the Federal Reserve and the White House have provided. The government deployed the heaviest artillery ever to reflate the economy after the pandemic. Judging by how strong stocks are, they may have overshot a bit. There are pockets of weaknesses this week, and consequently, some hot
In the coming years, quantum computing stocks are likely to become very lucrative. If you’re unfamiliar with the technology, these computers use quantum mechanics to create multidimensional spaces and solve complex problems. As a result, quantum computers are significantly faster than traditional computers. Quantum computing is a relatively nascent technology, but it holds a lot