When Southeast Asian ride-hailing and delivery company Grab Holdings (NASDAQ:GRAB) completed a reverse merger with special purpose acquisition company Altimeter Growth Corp. in early December it made history as the largest company to go public via a SPAC merger. Yet, this didn’t stop GRAB stock from plummeting more than 20% on the day of the merger.
Stocks to buy
Fitness stocks should have strong, positive catalysts heading into 2022. Amid continued signs that fear of the coronavirus is easing, despite the arrival of the omicron variant, many more Americans will likely be ready to go to gyms and yoga studios next year. Providing some evidence that worries about the virus are continuing to ease,
RumbleOn (NASDAQ:RMBL), which operates an e-commerce platform to buy and sell pre-owned vehicles, is undergoing exciting changes that could transform the company. At the end of August, RumbleOn completed its acquisition of powersports dealer RideNow in a cash-and-stock transaction valued at more than $575 million. Following the deal’s completion, RMBL stock rallied as much as 40%
The trucking industry was hit hard by the coronavirus pandemic in 2020. Since then, economic activity has improved, and freight market conditions have stabilized enough for volumes to return to normal gradually. And it’s not a moment too soon. The trucking industry has been an integral part of our economy for decades. It provides transportation
If you’re looking for bargain stocks to buy that are down 30% or more in 2021, that’s not an easy task. Yardeni Research’s latest report on the S&P 500’s sector performance in 2021 came out on Dec. 16. The index itself was up 23% on the year, and not one sector was in negative territory.
Many of today’s businesses count on CrowdStrike (NASDAQ:CRWD) to deliver software-as-a-service (SaaS) based, security endpoint solutions. It’s a great market sector to be involved with in the digital age, so it makes sense for investors to buy and hold CRWD stock. Source: VDB Photos / Shutterstock.com As you may recall, the Colonial Pipeline hack from earlier
During 2020’s emergence of the Covid-19 pandemic, telemedicine specialist Teladoc Health (NYSE:TDOC) was briefly a darling of the markets. For a while, Wall Street was absolutely enamored with TDOC stock. Source: Piotr Swat / Shutterstock.com The investing community can be quite fickle, and sentiment can turn ugly without warning. As Covid-19 vaccines became widely available and
Sports betting is fast becoming mainstream as more states legalize it. More recently, legalization in New York state and Canada have provided tailwinds for the segment. After all, it is a steady source of tax revenue. Additionally, as esports grows in popularity, Wall Street pays increased attention to the segment as well. Therefore, let’s discuss
In my article last week on Intel (NASDAQ:INTC), I said that INTC stock looked like a good buy considering its dividend yield. Source: Pavel Kapysh / Shutterstock.com My Dec. 13 article, “Intel Could be Worth 20% More If it Raises the Dividend by 5%,” showed that INTC stock is cheap. For example, compared to its
Reddit has become an unlikely stock trading hub in 2021. With more people turning to the site for financial advice, it’s no surprise that Redditors are making fortunes off their stock picks. Online traders have become more innovative and aggressive with their trading tactics. They can orchestrate targeted buying campaigns in some of the most
A few weeks back, I made the case why a “wait and see” approach may work best with Gores Guggenheim (NASDAQ:GGPI). However, taking a second look, I’m changing my view. That cautious strategy may not be the best move with GGPI stock after all — especially as more comes out about the special purpose acquisition
Ford Motor Company (NYSE:F) has resumed paying its quarterly dividend as of late October. That is when it last made a quarterly dividend announcement, so investors in F stock can expect to get another dividend announcement in late January 2022. Source: D K Grove / Shutterstock.com This has, and will continue to, significantly help shareholders
SoFi Technologies (NASDAQ:SOFI) made its eagerly anticipated debut as a public company on June 1 when it merged with special purpose acquisition company Social Capital Hedosophia Holdings V. SOFI stock hit a high above $24 shortly thereafter before turning lower. It briefly made it back to that level in mid-N0vember on general excitement about fintech
Spatial computing stocks have been in the limelight in recent weeks. These companies are at the forefront of disruptive innovations that converge the physical world with the digital world. In turn, spatial computing stocks have been on the mind of investors. The technology can be described as “the digitization of activities of machines, people, objects,
In recent weeks, more evidence has emerged supporting my initial assessment of Digital World Acquisition Corp. (NASDAQ:DWAC). DWAC stock is a special purpose acquisition company (SPAC) planning to merge with Trump Media & Technology Group Corp. (TMTG). Source: Dmitry Demidovich/ShutterStock.com TMTG is expected to own and operate Truth Social, a new social media website led
It’s amazing what a year can do. This time last year, Ocugen (NASDAQ:OCGN) was trading below 30 cents a share. One year later, OCGN stock trades above $5, more than 1,683% higher. Source: shutterstock.com/PhotobyTawat If you bought in December 2020 and still hold Ocugen shares, I would suggest you give thanks for your unexpected bounty.
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
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
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