Self-billed as one of the largest e-commerce marketplaces in the world, I can fundamentally appreciate the bullish catalyst supporting Contextlogic (NASDAQ:WISH) today. Particularly in the age of the novel coronavirus, online businesses offer tremendous appeal. That said, most speculators probably aren’t thinking about the fundamentals when it comes to WISH stock. Source: sdx15 / Shutterstock.com
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Is there still hope for Ocugen (NASDAQ:OCGN)? Or are the OCGN stock bulls just delusional? In my view, you can count on the latter. Any way you slice it, this biotech company has little chance of generating big profits — or even big sales — from its Covaxin Covid-19 vaccine candidate. Source: Shutterstock As you
After a number of data points emerged that are negative for DraftKings (NASDAQ:DKNG) stock, I remain bearish on the shares. DraftKings’ Q1 bottom line was quite worrisome, while its valuation is sky-high. In several past columns, my thesis has been that the U.S. sports gambling market would be hyper-competitive. Validating that thesis is a report
As of this writing, the latest meme stock rally in ContextLogic (NASDAQ:WISH) stock appears to be running out of gas. Source: sdx15 / Shutterstock.com Starting June 1, this favorite of Reddit’s r/WallStreetBets subreddit, zoomed from $7.74 per share, to prices topping $15 per share. But, after falling to $14.93 on June 29, it may be
After losing its luster this spring and declining sharply, Tesla (NASDAQ:TSLA) stock is struggling to get back in the good books with investors. Source: Grisha Bruev / Shutterstock.com Year-to-date, TSLA stock is down 7% at its current price of around $679 a share. The company’s stock is 24% below its 52-week high of $900 reached
Clean Energy Fuels (NASDAQ:CLNE) reminds me of another company that briefly became extremely popular among retail investors: Gevo (NASDAQ:GEVO). The shares of both GEVO stock and CLNE stock are now about 50% off their 52-week highs and have generated mediocre returns in recent weeks , as many investors apparently started to realize that neither of
Alphabet Inc. was originally founded as a search engine company in 1998 under the name Google Inc. Since then, Google has become the world’s most popular search engine, with an 87% share of the global search market. The company has diversified far beyond search engines in the past two decades. It reorganized in 2015 and
Microsoft Corp., one of the world’s biggest tech companies, sells personal computing devices, cloud systems and services, software and other products. Microsoft is listed on the Nasdaq exchange under the ticker symbol, MSFT. The company was founded in 1975 by Bill Gates and Paul Allen in a garage in Albuquerque, New Mexico. Five years later,
Amazon.com Inc. is a global leader in e-commerce and cloud computing, and one of the largest companies in the world. Amazon is listed on the Nasdaq exchange under the ticker symbol, AMZN. The company was launched by founder Jeff Bezos in 1994 as an online bookstore, but it has since ballooned into the world’s largest e-commerce company that sells virtually everything,
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Even the most enlightened citizen curses taxes at least once a year—possibly while simultaneously acknowledging that they’re the price of a civilized, developed society. Even knowing the value of that bargain, loathing the taxman is as inevitable as taxation itself. In the U.S., at the federal level, that unenviable duty falls on the Internal Revenue
After a volatile and exhausting run in the first half of this year, GameStop (NYSE:GME) stock look to finally be stabilizing somewhat. Source: rblfmr / Shutterstock.com Of course, “stable” is a relative term when it comes to GME stock, which, at this point, seems to operate completely outside normal investing and trading rules. While the
When a company becomes the newest darling among retail traders, watch out. I actually like video-game hardware and accessories company Corsair Gaming (NASDAQ:CRSR), but its apparent popularity among Reddit users may be a warning sign for CRSR stock. Source: Rawpixel.com/Shutterstock.com Don’t get me wrong. I find it fascinating that r/WallStreetBets participants are standing up to the
Online forums are a powerful force that can move stocks. During the Y2K bubble some two decades ago, Yahoo Finance’s message forums gave users a place to talk about picks. These days, though, users can get a stock trading idea explained to them within seconds on platforms like Reddit, which has become the go-to place
Though manageable through modern medical technologies, diabetes is nevertheless a pain in the rear. On a frequent basis, patients need to prick their fingertips to check their blood sugar levels. However, the advent of continuous glucose monitoring (CGM) systems, such as the Eversense device created by Senseonics (NYSEAMERICAN:SENS), brings much-wanted convenience for patients. It’s no
BlackBerry (NYSE:BB) has become a favorite among investors. In fact, BB stock has a very loyal group of bulls that continue to wait for the stock to take off. A company that was once on the top of the smartphone world has found itself continually reinventing its business model. Source: Shutterstock That’s not necessarily a
Lately, I’ve been reading mixed reviews of Swedish plant-based milk company Oatly (NASDAQ:OTLY). Even after a blockbuster initial public offering (IPO), the sentiment surrounding OTLY stock is starting to cool off. Source: Vladislav Noseek / Shutterstock.com As the share price drifts down from the peak, folks who’ve been sitting on the sidelines can consider taking a
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Since its initial public offering (IPO), ContextLogic (NASDAQ:WISH) staged one rally to peak at around $33, only to fall steadily. Selling pressure on WISH stock accelerated after the company posted quarterly earnings on May 12. Source: sdx15 / Shutterstock.com After it bottomed at $7.52, why did the stock rally a few weeks ago from $8
If you’re old enough to remember when MTV started — or old enough to remember when it only played music videos — than you’re no spring chicken anymore. MTV is just one of many historic brands owned by ViacomCBS (NASDAQ:VIAC). Other iconic entertainment brands in the VIAC stock portfolio include Paramount, CBS, Comedy Central, BET,