Stock Market

Digital World Acquisition (NASDAQ:DWAC) is a special purpose acquisition company (SPAC). Even in a brutal downturn for SPACs, DWAC stock has managed to succeed beyond everyone’s wildest expectations. That’s because Digital World announced a merger with former President Trump’s emerging media and internet company, Trump Media & Technology Group (TMTG), which is planning on launching
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January wasn’t a good month for Coupang (NYSE:CPNG). As a result, the South Korean e-commerce company lost 29% of its value. CPNG stock has fared slightly better through the first week of February, but it has still been an up-and-down experience for shareholders.  Source: Michael Vi / Shutterstock.com On Jan. 24, Coupang’s share price hit
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It seems that investors’ concerns are beginning to ease around Alibaba (NYSE:BABA) stock. After the long, tumultuous downturn it appears that pressure is beginning to abate. Source: Kevin Chen Photography / Shutterstock.com That’s very good news for the Chinese tech giant that was among the worst suffering as a regulatory crackdown simmered along. That regulatory
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Next week offers fourth-quarter earnings reports from a number of blue-chip companies and household names. In recent weeks, we have gotten mixed earnings reports from big banks and technology companies. While some companies, such as Wells Fargo (NYSE:WFC) and Alphabet (NASDAQ:GOOGL) blew the doors of their Q4 prints, other companies such as JPMorgan Chase (NYSE:JPM)
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Like so many special purpose acquisition companies (SPACs), SoFi Technologies (NASDAQ:SOFI) stock has been a volatile one. Shares initially popped to $25 as excitement grew for the well-known FinTech firm. Source: rafapress / Shutterstock.com This also came during a time when entrepreneur Chamath Palihapitiya was on a massive winning streak with his SPAC deals. So in
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Like other speculative growth stocks, Skillz (NYSE:SKLZ) continues to struggle. The days of “growth at any price” have long since passed. With the Federal Reserve raising rates, SKLZ stock continues to head lower. Source: Dennis Diatel / Shutterstock.com While it’s much cheaper now (it once traded for prices more than ten times what it trades for
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The Nasdaq’s steep correction in the last month is punitive to the most speculative stocks in the last two years. This resulted in Skillz (NYSE:SKLZ) being stuck in a sustained downtrend. Investors are no longer willing to wait for an electronic gaming and multimedia firm to pivot to the sports betting market. SKLZ stock is
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Investors in QuantumScape (NYSE:QS) haven’t had much to cheer since the electric vehicle battery maker went public via a merger with special-purpose acquisition company Kensington Capital Acquisition in November 2020. On its first day of trading, QS stock soared nearly 50%. Less than a month later, shares hit a high of $132.73, 465% above where
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Lucid (NASDAQ:LCID) and LCID stock are facing very difficult challenges over both the short-term and the long-term. Unfortunately fans of LCID stock, there are much better stocks to buy in the electric-vehicle space. Source: Around the World Photos / Shutterstock.com Lucid’s Short-Term Challenges LCID stock has generally underperformed the EV sector since it underwent a
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