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,
Stocks to buy
It’s funny how some of the market’s darlings of 2020 have been ignored or even hated in 2021. Digital sports entertainment and gaming company DraftKings (NASDAQ:DKNG) is a textbook example of this, as DKNG stock abruptly fell out of favor this year. Source: Postmodern Studio / Shutterstock.com How can we explain this? Maybe it’s just an
For generations of investors, telecommunications giant AT&T (NYSE:T) has been as solid as a rock. However, the performance of T stock during the past few years has disappointed some shareholders. Source: Lester Balajadia / Shutterstock.com It’s challenging to pinpoint what went wrong. One commentator described AT&T’s $85 billion purchase (plus debt) of Time Warner in 2018
If you bought Asana (NYSE:ASAN) a month ago, you’re probably not very happy with your 41% paper loss on ASAN stock. Fear not. Source: rafapress / Shutterstock.com Although the work management platform’s stock has cooled off in recent weeks, it is still up 251% from its September 2020 IPO price of $21. It’s gotten to
Cryptocurrency miners, like Riot Blockchain (NASDAQ:RIOT) have been explosive. Source: Marko Aliaksandr/ShutterStock.com After starting the year at a low of $15.85, shares of RIOT blasted to a high of $79.50. All as it rallied along with Bitcoin (CCC:BTC-USD). After all, the higher BTC moves, the higher RIOT moves. We’ve seen the same thing happen with
AMC Entertainment (NASDAQ:AMC), the large movie chain, has made some moves recently that will make it popular with its Millennial-aged shareholders. AMC is now going to issue NFTs (non-fungible tokens) to its “AMC Investor Connect” shareholders. These are self-identified shareholders of AMC stock. The NFT says “I Own AMC” on a coin-like picture. Source: Helen89
Financial technology (fintech) is gaining popularity with each passing year as consumers look for convenient and easy ways to manage their finances. Whether it is a loan or an investment, we want it at our fingertips at a moment’s notice, and SoFi Technologies (NASDAQ:SOFI) is here to make it possible. The company’s moves in the industry
The bullish thesis on Roku (NASDAQ:ROKU) should be pretty obvious at this point. However, the market has been getting jittery the past few weeks due to macroeconomic and political concerns. This uncertainty has helped the bears to come out of the woods and put further downward pressure on ROKU stock. Source: Shutterstock ROKU stock has
Technology stocks have taken a hit lately, and Teladoc Health (NYSE:TDOC) has not been immune to the sector-wide effects. However, TDOC stock is my top pick in this category for future gains. Source: Postmodern Studio / Shutterstock.com There are two key factors that have driven down tech stocks. First is a valuation issue; the market
Investors should view the 35% decline in CrowdStrike (NASDAQ:CRWD) stock over the last month as a potential buying opportunity rather than a sign that something more serious is wrong with the cybersecurity company. Source: VDB Photos / Shutterstock.com After a spectacular 85% gain between December of last year and this November, CRWD stock peaked at $298.48
Since going public as a direct listing in 2020, Palantir (NYSE:PLTR) has been a polarizing stock. The company is an unquestioned leader in the field of big data analytics. Bears say its close association with the United States government, along with an executive compensation structure that has caused share dilution, make PLTR stock overvalued. Bulls will argue
It’s tough to figure out what stocks to buy as the Christmas chop is upon us. The markets are exceptionally volatile at the moment as some asset managers try and hit their year-end targets. The 75% month-over-month increase in the Cboe volatility index reflects just that. My take on current market events is that we are
Known for its multi-function camera app Snapchat, Snap (NYSE:SNAP) provides a dynamic social-media platform with strong appeal to younger users. Regardless, traders of SNAP stock don’t currently seem to have much conviction in the company. Source: Ink Drop / Shutterstock.com Snapchat isn’t necessarily the most popular social media platform, I’ll admit. Still, the company has embedded
Winter months typically put natural gas stocks in the limelight. Energy consumption has made a remarkable rebound this year from pandemic-induced low levels. For instance, despite the recent pullback in price, natural gas prices have surged over 80% so far in 2021. Meanwhile, the S&P GSCI Natural Gas Index Spot is up 68% year-to-date (YTD). Understandably,
Electric vehicle (EV) company Fisker (NYSE:FSR) has had a roller-coaster year. But now with 2021 reaching a close, FSR stock is on a roll. Specifically, the month of November was big for the company, highlighted by an Ocean EV unveiling at the LA Auto Show. FSR stock closed out October at $16.05. By the last day
Like many names in the fintech space, SoFi Technologies (NASDAQ:SOFI) stock has been falling for the last month. But some investors have still done well. The stock has seen massive price spikes and falls, and the consensus price target of analysts is $25.57. However, I believe SoFi is a solid long-term buy. Source: rafapress /
Snap (NYSE:SNAP), the camera company that makes all its revenue from advertising, took a big tumble on Oct. 21 when it released its quarter-three earnings. Apple’s changes to the iOS platform that impact the way advertising is targeted, measured, and optimized hurt Snap’s revenue base. In short, people opted out of its ads. Since then,
I wrote two articles today, one about IBM (NYSE:IBM) and the second about Shopify (NYSE:SHOP) stock. My opinion on both could not be any more different. I have very little faith in the turnaround efforts of IBM. On the other hand I have complete faith in the brilliance behind the SHOP stock. Shopify’s growth rates
In my previous article on Lucid Group (NASDAQ:LCID) I said that the launch of the Lucid Air would propel its stock upward. LCID stock has more than doubled since then from a price of under $20 to a Dec. 3 opening of $48.55. It was a pretty simple thesis as a successful launch would have
After a 133% gain year-to-date, does Cloudflare (NYSE:NET) stock have any gas left in the tank? I think it may. Source: Sundry Photography / Shutterstock.com It’s been an incredibly successful year for San Francisco-based Cloudflare. Having more than doubled, NET stock has proved to be one of the best performing securities of 2021, and its gains