Chinese electric vehicle (EV) maker Nio (NYSE:NIO) is doing all the right things, and its stock is responding positively. In June, the price of NIO stock rose 25% to $53.20 as the company reported one positive development after another. Source: Robert Way / Shutterstock.com This was a welcome turnaround for the Shanghai-based company’s stock after months
Stocks to buy
The times they are a-changing, folks. Ten years ago, the only so-called “drugs” you could legally take in public were alcohol and tobacco. Over the past decade, marijuana got added to that list across a variety of states in America as well as multiple countries across the globe, including Canada and Mexico. And just last
One of the key observations about asset markets is that there is always a bull-run in some stocks or sectors, irrespective of economic conditions or other headwinds. Even during the novel coronavirus pandemic, there were dozens of stocks to buy that delivered multi-fold returns. In particular, sectors like at-home entertainment, gaming, e-commerce and pharmaceuticals benefited
I would have been worried if the big rally in electric vehicle stocks sustained well into 2021. It seemed that EV stocks were in a bubble territory. NIO (NYSE:NIO) stock touched a high of $66.99 in February. Source: Sundry Photography / Shutterstock.com However, significant profit taking and concerns related to chip shortage resulted in a
If you’re looking to hop onto an emerging hyper-growth megatrend, you really need to check out 3D Systems (NYSE:DDD). Sure, there’s risk involved in owning DDD stock, but the long-term rewards could be spectacular. Source: shutterstock.com/Alex_Traksel Boldly (but not incorrectly), InvestorPlace analyst Luke Lango recently called 3D printing the “Fourth Industrial Revolution.” To that, I would add
Crude oil prices have risen sharply this year as demand increased significantly once global economies reopened. The United States Oil Fund (NYSEARCA:USO), which tracks Light Sweet Crude Oil, is up 48% in 2021. The rise in oil prices helped drive prices of energy stocks up, with the SPDR Select Energy ETF (NYSEARCA:XLE) gaining over 36%
There’s a kerfuffle going on right now with the Organization of the Petroleum Exporting Countries (OPEC) as they struggle to come to agreement on oil production levels for the remainder of this year. The disagreement has thrown oil stocks up in the air. The energy alliance, often referred to as “OPEC+,” voted at the start
Sometimes, I think about the days when shares of Chinese electric vehicle start-up Nio (NYSE:NIO) traded for $2.50 apiece. Undoubtedly, we all wish that we had a time machine, so that we could go back and load up on NIO stock when it was super-cheap. Source: xiaorui / Shutterstock.com Unfortunately (or maybe not), humankind hasn’t perfected a time
It’s one of the biggest and most famous American banks. JPMorgan Chase (NYSE:JPM) is a bona fide financial giant, and JPM stock has served investors well through thick and thin. Source: Shutterstock The thing is, you probably won’t hear young stock traders buzzing about JPMorgan, or about banking firms in general. This sector doesn’t have the
The pandemic has had a huge impact on consumer behavior, which has helped transform the housing market. Opendoor Technologies (NASDAQ:OPEN) is expanding and moving towards acquiring more properties. OPEN stock has had a wild ride over the past year. The stock was trading for $11.57 on July 8, 2020, and hit an all time high
NIO (NYSE:NIO) stock has dropped roughly 14% over the past week, as fears related to a broader economic slowdown impede bullish sentiment on NIO stock. Just look around: pent-up consumer demand is tapering off and Covid-19 variants are causing sporadic lockdowns globally. Source: Sundry Photography / Shutterstock.com But look at this dip as a favorable
Big data analytics company Palantir Technologies (NYSE:PLTR) might be known for providing counter-terrorism-focused intelligence to U.S. government agencies. Yet, there are other angles for PLTR stock traders to consider. Source: Ascannio / Shutterstock.com For one thing, Palantir doesn’t exclusively work with the government. Indeed, the company has established business ties with a number of private enterprises.
SoFi (NASDAQ:SOFI) hasn’t had a great month. Over the past 30 days, SOFI stock has tumbled about 30%. But that’s no reason to cower. In fact, we think SoFi’s dip is a great opportunity to buy into SOFI stock on the cheap. Source: rafapress / Shutterstock.com We attribute the selloff to a flurry of fintech
Short-squeeze stocks are making headlines as the collective action of the Reddit community provides positive momentum for their share prices. However, many dive into these stocks without researching tangible data. Therefore, today’s article will discuss seven short-squeeze stocks as well as their fundamental metrics so that interested investors can make better informed decisions. Institutional investors
During market volatility, the best thing you can do is look toward growth-oriented large-cap stocks. Now, many will ask why it’s important to buy large-cap stocks during a time when Tesla (NASDAQ:TSLA) is up 239.3% in the last year, and AMC (NYSE:AMC) is up 314.5% in the last month alone. I will counter with just
When Bed Bath & Beyond (NASDAQ:BBBY) announced its positive first-quarter results before Wednesday’s open, BBBY stock shot up 8%. Since then, this meme stock has given up about half of that gain and is trading slightly lower Thursday. But our bull thesis for this stock remains intact. Source: Jonathan Weiss / Shutterstock.com First off, we
U.S. infrastructure has been a slow-motion train wreck. The American Society of Civil Engineers (ASCE) has been urging the U.S. to reinvest in crumbling bridges, energy grids, and highways. In fact, according to the ASCE, there’s a water main break every two minutes. Up to 43% of roads are in poor or mediocre condition. “There
The cloud is the future of gaming. We live in a digital world ruled by technology, and the games industry is no exception. Cloud gaming stocks will continue to benefit from this trend for years to come, because the games industry will continue to receive recurring revenue from subscriptions to online services by wide swaths
Hyliion (NYSE:HYLN) is one of the multitude of electric vehicle (EV) special purpose acquisition companies (SPACs) that came public over the past year. However, HYLN stock stands out from most of its peers in one big way. Source: Shutterstock Hyliion isn’t trying to design its own EV from scratch and ramp up production and marketing
Financial technology startup SoFi Technologies (NASDAQ:SOFI) went public as SOFI stock on Jun. 1 via a reverse-merger with a special purpose acquisition company (SPAC) called Social Capital Hedosophia Corp. V. As a result, SoFi raised $2.4 billion in cash proceeds to be used for further expansion strategies. Source: rafapress / Shutterstock.com Commonly referred to as blank-check