They say fools rush in where angels fear to tread, and so it is that I am once again writing about Ocugen (NASDAQ:OCGN) stock. Source: Shutterstock And once again, at the risk of sounding like a fool, I simply don’t understand the bull case for OCGN stock based on a potential Covid-19 vaccine. Ocugen is
Stocks to sell
Just 18 months ago, Palantir (NYSE:PLTR) was a struggling tech unicorn. Its revenue growth was decelerating, and its valuation was rumored to be declining on the private market. All the signs pointed to Palantir not living up to its long-running hype. However, PLTR stock came public via a direct listing last fall, and soon the meme-trading
If you took a look at the price chart for Penn National Gaming (NASDAQ:PENN), you can’t help but come away with the impression that its shares have traded strangely in line with new novel coronavirus infections. You’ll recall that public health officials recommended people avoid Super Bowl parties due to the threat of dramatically rising
Despite a decline of nearly 10% from June 21 through June 25, MicroVision (NASDAQ:MVIS) remains a Reddit stock winner in 2021. As I write this article, MVIS stock is up over 178% for the year. It’s hard to argue that retail investors haven’t been successful. Their conviction — and short interest that sits around 17%
Any time I write about meme stocks, I like to distinguish between trading and investing. I have no idea where AMC Entertainment (NYSE:AMC) will trade next week or next month. If you are YOLOing on AMC stock the same way you’s bet on a horse at the Kentucky Derby, this story is not for you.
I’ve been a big fan of bank stocks for years. This is mainly due to their humble valuations. All the major ones are of great quality yet have been cheap for far too long. By saying that, a reader would presume that I am writing positively about the upside opportunity in Bank of America (NYSE:BAC)
Given Organon & Co’s (NYSE:OGN) low growth, its sizeable competition, its lack of concrete positive catalysts, and the fact that its management plans to institute an average dividend in the future, I urge investors to avoid OGN stock for now. Source: Shutterstock Moreover, although Organon says that it’s looking to make acquisitions, its relatively low
There’s an argument to be made that all of the recent movement in Orphazyme (NASDAQ:ORPH) is simply a sign of the times. Even if it isn’t, there’s little reason to invest in ORPH stock now. That’s because the recent price spikes and subsequent shareholder announcements were little more than bets. Source: Shutterstock Before the spike,
MindMed (NASDAQ:MNMD) is a neuro-pharmaceutical company that specializes in psychedelic medicine. It discovers, develops and deploys these products to improve health, promote wellness and alleviate suffering. MNMD stock spiked after its initial public offering (IPO) in April, but has cooled since. Source: Shutterstock Is this a buying opportunity, or should investors steer clear of the stock? If
FinTech leader SoFi Technologies (NASDAQ:SOFI) recently completed its merger with special purpose acquisition company (SPAC) Social Capital Hedosophia V. This caused IPOE stock to convert into SOFI stock, beginning SoFi’s official run as a publicly traded company. Source: rafapress / Shutterstock.com SoFi was an impressive merger partner for the “King of SPACs,” Chamath Palihapitiya. The private
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
One of the more controversial electric vehicle start-up companies on the market is Nikola (NASDAQ:NKLA). Source: Stephanie L Sanchez / Shutterstock.com NKLA became public through a reverse merger back in June 2020, with a SPAC called VectorIQ Holdings. Red flags popped up almost immediately ranging from a suspicious test roll out in 2020 to a
After bottoming at below $10 last month, Workhorse Group (NASDAQ:WKHS) caught the eye of Reddit’s WallStreetBets. WKHS stock has a short interest of almost 40%. The subreddit group reasons that a short-squeeze would inflect big losses for bears. So, when Workhorse shares took a run for $20, the rally would last until buyers lost momentum.
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 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
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 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
Lordstown Motors (NASDAQ:RIDE) stock is becoming a cautionary tale for many investors in electric vehicle (EV) stocks. Source: Postmodern Studio / Shutterstock.com RIDE stock is down almost 50% in 2021. And that was the case before the company announced that its “backlog” of pre-orders do not represent binding commitment. That announcement came on the heels of top
The outlook of Carnival Corporation (NYSE:CCL) stock has improved in recent weeks, but given the cruise operator’s extremely high debt load and the great amount of uncertainty it continues to face, I still urge investors to sell their shares. Source: Ruth Peterkin / Shutterstock.com In addition to its highly elevated debt load, Carnival must deal