The merger between Polestar and Gores Guggenheim (NASDAQ:GGPI) is expected to happen in the first half of 2022. Since the Swedish electric vehicle (EV) manufacturer announced its merger with the special purpose acquisition company (SPAC) on Sept. 27, GGPI stock has gained about 14% or so. Source: Jeppe Gustafsson / Shutterstock.com However, at one point
Stocks to buy
As any financial advisor will tell you, you should always plan for the future. Typically, slow and steady wins the race over making long-odds wagers. However, the novel coronavirus pandemic certainly threw a monkey wrench into this age-old narrative. In turn, seemingly all equities qualified for the label best retirement stocks. Since the pandemic began, many
Nokia (NYSE:NOK) has been a sleeping tech giant for the past five years, but suddenly it woke up in 2021. Now, the company has a major business transformation underway. But more importantly for NOK stock investors, it has achieved remarkable financial performance this year. Shares are up by approximately 52% year-to-date (YTD), outperforming the S&P
As we move toward the end of the year, the calls for a tech correction are growing. Tech stocks are proven performers, leading investors to record gains in the last decade. However, notable investment analysts such as Leuthold Group’s Jim Paulsen say that a 10% to 15% correction is around the corner. Morgan Stanley has issued similar
The holiday season has arrived. Bullish investors are hoping for a potential Santa Claus rally after what’s been a bumpy start to the last month of the year. As more information on the omicron variant continues to crop up, Wall Street’s worst fears of a large-scale lockdown seem to be fading away. Against this backdrop,
It’s funny how some of the market’s darlings of 2020 have been ignored or even hated in 2021. Digital sports entertainment and gaming company DraftKings (NASDAQ:DKNG) is a textbook example of this, as DKNG stock abruptly fell out of favor this year. Source: Postmodern Studio / Shutterstock.com How can we explain this? Maybe it’s just an
For generations of investors, telecommunications giant AT&T (NYSE:T) has been as solid as a rock. However, the performance of T stock during the past few years has disappointed some shareholders. Source: Lester Balajadia / Shutterstock.com It’s challenging to pinpoint what went wrong. One commentator described AT&T’s $85 billion purchase (plus debt) of Time Warner in 2018
If you bought Asana (NYSE:ASAN) a month ago, you’re probably not very happy with your 41% paper loss on ASAN stock. Fear not. Source: rafapress / Shutterstock.com Although the work management platform’s stock has cooled off in recent weeks, it is still up 251% from its September 2020 IPO price of $21. It’s gotten to
Cryptocurrency miners, like Riot Blockchain (NASDAQ:RIOT) have been explosive. Source: Marko Aliaksandr/ShutterStock.com After starting the year at a low of $15.85, shares of RIOT blasted to a high of $79.50. All as it rallied along with Bitcoin (CCC:BTC-USD). After all, the higher BTC moves, the higher RIOT moves. We’ve seen the same thing happen with
The stock market is still hanging tough near it’s all-time highs. However, investor sentiment is nowhere near that. In fact, it is the one variable that keeps flip-flopping on us. We have become headline traders as a baseline. There’s much less emphasis on fundamentals, which left Intel (NASDAQ:INTC) stock at a disadvantage. Boring and non-flamboyant
Financial technology (fintech) is gaining popularity with each passing year as consumers look for convenient and easy ways to manage their finances. Whether it is a loan or an investment, we want it at our fingertips at a moment’s notice, and SoFi Technologies (NASDAQ:SOFI) is here to make it possible. The company’s moves in the industry
In the current year, the markets have shown that multi-fold returns can come in a matter of weeks. In particular, it’s been a year to remember for the action in penny stocks. With a few weeks still before holiday season, there are Christmas stocks to buy that can deliver quick returns. A risky way to
Technology stocks have taken a hit lately, and Teladoc Health (NYSE:TDOC) has not been immune to the sector-wide effects. However, TDOC stock is my top pick in this category for future gains. Source: Postmodern Studio / Shutterstock.com There are two key factors that have driven down tech stocks. First is a valuation issue; the market
Mobile esports platform Skillz (NYSE:SKLZ) recently reported robust-top line gains in its third-quarter results. Moreover, its underlying user metrics are improving substantially, including its monthly active and paying users. Investors with a short-term horizon on SKLZ stock, though, are likely to be disappointed as the company looks to carve out its path to profitability. Therefore,
Since going public as a direct listing in 2020, Palantir (NYSE:PLTR) has been a polarizing stock. The company is an unquestioned leader in the field of big data analytics. Bears say its close association with the United States government, along with an executive compensation structure that has caused share dilution, make PLTR stock overvalued. Bulls will argue
Cloudflare (NYSE:NET) has been on a roll through the pandemic and beyond. The California-based company is a content delivery network (CDN) provider. It operates a global network of data centers that optimizes the performance of the websites we all rely on. Cloudflare optimizes these websites and web-based services, making them faster, more responsive, and more secure.
Known for its multi-function camera app Snapchat, Snap (NYSE:SNAP) provides a dynamic social-media platform with strong appeal to younger users. Regardless, traders of SNAP stock don’t currently seem to have much conviction in the company. Source: Ink Drop / Shutterstock.com Snapchat isn’t necessarily the most popular social media platform, I’ll admit. Still, the company has embedded
Some folks might be tempted to view Ford (NYSE:F) as an old-fashioned automaker. At the same time, today’s investors may see F stock as a relatively safe, “steady Eddie” asset to hold for many years. Source: JuliusKielaitis / Shutterstock.com Yet, this characterization isn’t entirely fair or accurate. Ford has been around for a century, sure, but
Electric vehicle (EV) company Fisker (NYSE:FSR) has had a roller-coaster year. But now with 2021 reaching a close, FSR stock is on a roll. Specifically, the month of November was big for the company, highlighted by an Ocean EV unveiling at the LA Auto Show. FSR stock closed out October at $16.05. By the last day
Like many names in the fintech space, SoFi Technologies (NASDAQ:SOFI) stock has been falling for the last month. But some investors have still done well. The stock has seen massive price spikes and falls, and the consensus price target of analysts is $25.57. However, I believe SoFi is a solid long-term buy. Source: rafapress /
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