According to Quiver Quantitative, Cleveland-Cliffs (NYSE:CLF) is the ninth-most commented equity on the Reddit r/WallStreetBets board for the past seven days. However, before you head down the Cleveland-Cliffs path and buy CLF stock, you might want to consider why it might not be a slam-dunk. Source: IgorGolovniov / Shutterstock.com Cleveland-Cliffs’ business might be rolling right
Stock Market
Oatly Group (NASDAQ:OTLY), the Swedish maker of oat-based milk, had an auspicious market debut May 20 when OTLY stock began trading. Source: Vladislav Noseek / Shutterstock.com But I was skeptical. “Thirteen billion dollars for oat milk?” I asked. That was Oatly’s market cap after rising $5 per share in its first day of trading. OTLY
Once considered a laggard company in the world of technology, Oracle (NYSE:ORCL) stock has made a comeback as one of the best-performing tech names of 2021. Source: Jonathan Weiss / Shutterstock.com It was the original champion of database technology. Now Oracle is becoming an emerging force in both backend infrastructure technologies and software-as-a-service (SaaS). In other
Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) just reported stellar second-quarter results, in terms of both revenue and earnings. But even more importantly, its free cash flow (FCF) grew substantially, both in absolute numbers and FCF margins. As a result, I believe that GOOG stock is now worth at least 30% more or $3,554 per share. This article will
Skillz (NYSE:SKLZ) stock has been attempting to recover since May. Some investors dove in because it was a short-squeeze stock. Others bought it for its still-strong growth prospects. But in the past few weeks, SKLZ stock has pulled back once again. Source: Rawpixel.com/Shutterstock.com The latest round of “meme stock madness” has dissipated, and Reddit traders
Short squeezes have been all the rage on Wall Street in 2021. But even with its massive short interest, traders shouldn’t expect a short squeeze from Tesla (NASDAQ:TSLA) stock anytime soon. Source: Grisha Bruev / Shutterstock.com GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) are just two examples of stocks that skyrocketed this year thanks to short
As SoFi Technologies (NASDAQ:SOFI) stock falls back to around $15 per share, is now the time to buy? Not really. Over a long enough timeframe, entering a position in the fintech company’s shares right now could end up being a highly profitable move. Source: rafapress / Shutterstock.com Assuming of course, that it becomes the next
SoFi Technologies (NASDAQ:SOFI) had been turning heads ever since it was announced as a merger target for Chamath Palihapitiya’s Social Capital Hedosophia Holdings Corp. V. Source: rafapress / Shutterstock.com The newly public fintech platform plans to evolve into a full-stack ecosystem that effectively caters to the financial needs of the younger generation. The company’s digital
Guardian Fund, a Dutch-based investment fund, had good things to say about Palantir Technologies (NYSE:PLTR) in its first-quarter 2021 report. The fund believes Palantir is “one of the more important global software companies.” Additionally, it noted the company has invested more than $200 million in eight companies that could pay big dividends in the future.
It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi? Uber Technologies (NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019. Source: TY Lim / Shutterstock.com More than
Is it a meme stock, or is it the real deal? That’s a legitimate question which prospective investors in Chinese brand developer SGOCO Group (NASDAQ:SGOC) might ask. After all, informed traders should want to look beyond the surface with SGOC stock. Source: Sorbis / Shutterstock.com Granted, it’s exciting to watch the stock make powerful moves. For
On July 12, Jefferies analysts downgraded Rocket Companies (NYSE:RKT) from buy to hold while cutting their price target for RKT stock by 31% to $18. Source: Lori Butcher / Shutterstock.com As I write this, the mortgage originator’s stock is trading at or near the analysts’ target, suggesting it could be dead money over the
FuboTV (NYSE:FUBO) is likely on track to produce positive free cash flow (FCF) or come very close to it next year, given the streaming company’s huge subscriber growth. This should become clear to investors and analysts alike when the company produces its Q2 2021 results on Aug. 10. I project that FUBO stock will spike
Bill Ackman’s special purpose acquisition company (SPAC) Pershing Square Tontine Holdings (NYSE:PSTH) just dumped its complicated deal to acquire 10% of Universal Music Group (UMG) for the SPAC. As a result, PSTH stock faces more uncertainty and doubt about its ability to close on a large reverse merger. Source: Dmitry Demidovich/ShutterStock.com In an interview with CNBC on
Editor’s Note: This article is part of Joanna’s Top Trades — a weekly feature dedicated toward making you money within a specific space. Joanna’s picks for this week are Autoliv (NYSE:ALV) and Romeo Power (NYSE:RMO) as the top electric vehicle (EV) supplier stocks to trade this week. I’m a green investor — from cars, to
With the disappointing performances of certain popular meme stocks lately, it might be time to reevaluate exposure to other internet community-driven trades. Notably, ContextLogic (NASDAQ:WISH) stock. Source: sdx15 / Shutterstock.com ContextLogic runs one of the world’s largest e-commerce marketplaces under the Wish.com brand and has experienced significant speculative interest. Because WISH stock had the bears
I’ll be the first commentator to admit that video-game retailer GameStop (NYSE:GME) isn’t making money hand over fist. Yet, this admission doesn’t mean that betting against GME stock is a good idea. A few months ago, I even flipped bullish on GameStop. At that time, I dared adventurous traders to consider a long position. Source: Shutterstock
The second “meme stock” wave may be over. But who’s to say it’ll be the last one? Once the sell-off in stocks bid up aggressively in the last month ends, names like Vinco Ventures (NASDAQ:BBIG) stock could be worth the risk. Source: Shutterstock Why? Admittedly, this isn’t a stock to buy based on its fundamentals.
Presumably, most of us as children have had at least one experience where we joyously marveled at the concept of giveaway events, only to have our parents teach us that there’s no such thing as a free lunch: somebody always pays. Clover Health (NASDAQ:CLOV) is an excellent reminder of this truism. While CLOV stock appeals
The last few months have been quite eventful for Chinese ride-sharing service Didi Global (NYSE:DIDI). In June, DIDI stock was listed on the New York Stock Exchange. At the height of its first day of trading, it boasted a market capitalization of over $80 billion. Source: zhu difeng / Shutterstock.com However, DIDI stock plunged after