Gore Guggenheim (NASDAQ:GGPI) is a special purpose acquisition company (SPAC) poised to merge with Swedish electric vehicle (EV) maker Polestar. As I wrote in my last article, GGPI stock looks like a good value here, especially if the market moves its value metrics higher once the deal closes. Source: Jeppe Gustafsson / Shutterstock.com GGPI stock has
Stocks to buy
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%
As the risk-off pivot continues, cryptocurrencies continue to flounder. Just like it was a few weeks back, that’s especially the case for Cardano (CCC:ADA-USD). On Dec 8, when I last wrote about this altcoin, it was trading for around $1.40. Today? It’s changing hands for around $1.21. Source: Stanslavs / Shutterstock At present levels, it’s given
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.
Investors in auto giant Ford Motor (NYSE:F) have seen triple-digit returns in 2021. Year-to-date, F stock has returned over 131.5%. By comparison, the Dow Jones U.S. Automobiles index is up by 52%. Source: Philip Lange / Shutterstock.com The stock price hit a multi-year high of $21.46 a share on Dec. 10 and closed last week
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
The EV Revolution is in full-swing right now. Source: Shutterstock Tesla has passed the trillion-dollar valuation mark. Lucid just rolled out its first cars with 500-plus miles of driving range. Rivian just had the biggest initial public offering (IPO) since Facebook. Every legacy automaker — from Ford, to GM, to Volkswagen — is investing tens
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
There was a time when Intel (NASDAQ:INTC) stock was a key blue-chip tech stock. Granted, it’s not like INTC is currently having trouble rubbing two pennies together. Its chips still control 91% of the x86 server central processing units (CPUs) in the market, and 30% of that will be its newest Xeon chip. Source: JHVEPhoto
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
The travel industry has taken a beating since the pandemic and just when we thought we are finally getting back to normal, a new variant, omicron, surprised us. Airbnb (NASDAQ:ABNB) is a home-sharing company that hasn’t had it easy since the start of the pandemic. ABNB stock had regained some momentum over the past six
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
Throughout 2021, Twilio (NYSE:TWLO) tried to break out above the $400 level. That excludes the February technology stock euphoria that sent TWLO to a $457.30 high. Source: rafapress / Shutterstock.com After those disappointments, bulls gave up on the cloud software firm. After Twilio posted quarterly earnings on Oct. 27, the stock continued facing bearish selling
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
If you’re ready to jump head-first into the metaverse, I invite you to check out spatial data company Matterport (NASDAQ:MTTR). With virtual worlds quickly being built, MTTR stock offers exposure to the metaverse’s growth. Source: Ken Wolter / Shutterstock.com Just to get everybody up to speed, the metaverse is a virtual world in which people can
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
It’s been several days since Grab Holdings (NASDAQ:GRAB) merged with Altimeter Growth in the largest special purpose acquisition company (SPAC) merger ever. The deal valued GRAB stock at almost $40 billion. Source: Nor Sham Soyod / Shutterstock.com Unfortunately, the good times didn’t last. Opening trading on Dec. 2 at $13.06, as I write this, it’s
The holiday season has arrived. Bullish investors are hoping for a potential Santa Claus rally after what’s been a bumpy start to the last month of the year. As more information on the omicron variant continues to crop up, Wall Street’s worst fears of a large-scale lockdown seem to be fading away. Against this backdrop,
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