I’ll be frank here. I’m pretty surprised that GameStop (NYSE:GME) stock managed to hold on to at least a portion of its gains in 2021. GME stock opened the year at $19 a share; today, it’s at $154. Source: Shutterstock / mundissima Much of that is due to GameStop’s huge, loyal following on Reddit’s r/WallStreetBets.
New Mexico-headquartered Virgin Galactic (NYSE:SPCE) was famously founded by billionaire Richard Branson with a vision of taking people who aren’t necessarily professional astronauts into space. It’s an intriguing business model — one you’ll need to believe in if you plan to hold SPCE stock for the long term. Source: Christopher Penler / Shutterstock.com So far, it
In this article NKLA San Pedro, CA – December 17: The first two zero-emissions electric trucks, from an order of 100 vehicles, delivered from the Nikola Corporation to Total Transportation Services at the Port of Los Angeles in San Pedro on Friday, December 17, 2021. Brittany Murray | MediaNews Group | Getty Images Nikola shares jumped
In this article NKLA WYNN CROX TSLA Nikola Motor Company Two truck Source: Nikola Motor Company Check out the companies making headlines in midday trading. Nikola — The electric truck maker saw its stock surging more than 16% a day after the company announced on Twitter that its first customer delivery is done and signaled there’s more to
2020 was an explosive year for growth stocks, as many saw several years worth of growth pulled forward into our new pandemic operating environment. It resulted in many stocks doubling, tripling, quadrupling or even more. Coming into 2021, many of these names were hitting new highs and investors were feeling empowered. This brazen attitude didn’t
Gifting your children or grandchildren with contributions to an individual retirement account (IRA) can give them the advantage of a longer period of tax-free savings. It is definitely a gift that keeps on giving. An IRA is a tax-deferred retirement savings account. It is similar to the employer-sponsored 401(k) plan because it also allows funds to
By all rights, SmileDirectClub (NASDAQ:SDC) shareholders should be a happy bunch right now. After all, Covid-19 kept many people out of dental offices, creating the perfect opportunity for a company built around remote teledentistry. In addition, pandemic-weary consumers have spent 2 years of boosting spending on self-care. Improving their smile should have been a no-brainer. However,
This was the year Oracle (NASDAQ:ORCL) was finally recognized as a cloud player. When ORCL stock hit its all-time high on Dec. 6, investors were looking at a 67% year-to-date gain. Today, shares are up a little more than 40%, thanks in part to the omicron downdraft but also thanks to Oracle’s purchase of Cerner
In this article AMC GME DWAC HWIN Shoppers wait for a GameStop store to open on at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters An army of Reddit traders, triple-digit stock pops and a $100 million deli: In a wild year of trading, the unexpected became the norm
Traders work on the floor of the New York Stock Exchange (NYSE) on December 08, 2021 in New York City. Spencer Platt | Getty Images Will there be a Santa Claus rally? The bulls say yes. The Santa Claus rally is a very specific event. It is the tendency for the market to rise in the
Santa Claus pays a visit on the floor at the New York Stock Exchange. Brendan Mcdermid | Reuters After a period of turbulence, the decks may be cleared for a good old-fashioned Santa Claus rally in the week ahead. Stocks were higher in the past week, after a rough stretch that continued into Monday. The
What prompts people to buy and hold shares of Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL)? Oftentimes, they own GOOG stock simply because Alphabet is the parent company of ultra-popular search engine Google. Source: Benny Marty / Shutterstock.com Yet, Google’s popularity isn’t the only reason to maintain a stake in Alphabet. That’s because the shareholders also get exposure to artificial
Investors in Exxon Mobil (NYSE:XOM) stock had a great 2021. Source: Harry Green / Shutterstock.com In fact, Exxon Mobil stock is up 47% year-to-date. That’s better than Apple (NASDAQ:AAPL) and nearly equal to Microsoft (NASDAQ:MSFT). The stock is powered by rising oil prices. West Texas Intermediate, the primary U.S. grade of oil, is trading at
Bakkt Holdings (NYSE:BKKT) stock has garnered recent attention primarily because it is a catchall for the digital economy. The world is eager to understand how to capitalize on what many see as a revolution in digital assets. Source: Shutterstock The firm operates a regulated platform allowing consumers to store “digital assets, access liquidity and trade,
Rivian (NASDAQ:RIVN) recently hit new lows on Dec. 17 after reporting earnings. RIVN stock fell 10% as a result of a top- and bottom-line miss, the company’s first report as a public company. Source: Miro Vrlik Photography / Shutterstock.com Even with the drop, Rivian commands a market capitalization of $84 billion. That’s more than Ford
In this article TSLA BABA KMX BB CAT CAMP Check out the companies making headlines before the bell: CarMax (KMX) – The auto retailer’s stock jumped 5.1% in premarket trading after CarMax beat estimates on the top and bottom lines for its latest quarter, as well as posting comparable dealer sales that were above analyst
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.
There are dozens of excuses for not saving for retirement, and they all sound good. You may have a few of your own. But you know you should. Here are four good reasons to save for retirement: You don’t want to rely only on Social Security benefits after retirement. You don’t want to be a
Sometimes a stock mysteriously rises without any identifiable logic. That’s essentially what happened in the case of AeroClean Technologies (NASDAQ:AERC) stock, which rose meteorically, only to quickly plummet. Source: Maridav/ShutterStock.com It is really a very strange tale in the world of the stock market. There’s plenty of precedent in recent times for strange tales within
As someone who extensively covered cryptocurrencies during the past year, one of the concerns I had was oversaturation. Namely, it’s difficult to establish the applicability of one blockchain over another. I feel the same way about Gores Guggenheim (NASDAQ:GGPI). While the underlying electric vehicle manufacturer Polestar may look good for GGPI stock on paper, the