The epic rise in Palantir’s (NYSE:PLTR) stock price started way before “meme stocks” became a thing. Back in November, on the heels of President Joe Biden’s election, investors aggressively bid up the stock, betting this big-data company’s ties with the incoming administration would pay off big time. But, as the momentum from this “Biden boost”
Stocks to sell
Somehow Guardion Health Sciences (NASDAQ:GHSI) was able to raise $33.6 million in two equity cash raises during January and February 2021. That represents over half of the GHSI stock market capitalization of $62.42 million. So in that sense, the raise supports the stock. But don’t expect that to last long, given the company’s cash burn.
Denison Mines (NYSEAMERICAN:DNN) is a Canadian uranium mining company with an outsized valuation and penny stock status. As such, investors should be careful about investing in DNN stock, as it is likely to be quite volatile. Source: Shutterstock The Toronto-based company has a major prospective uranium mining project in northern Saskatchewan called the Wheeler River
Penn National Gaming (NASDAQ:PENN) has been on a tear. The stock is up over 1,300% in the last year, and over 31% year-to-date. But with it down 6% in the past month, will its long-term run continue? Source: Casimiro PT / Shutterstock.com In the past, I wrote that PENN stock was deeply undervalued based on
For the most part, General Electric (NYSE:GE) has been trading pretty well over the last several months. GE stock hit a new 52-week high on Mar. 9, topping at $14.42. Since then, though, the ride has been a little bumpy. Source: Sundry Photography / Shutterstock.com For example, the stock actually closed lower on Mar. 9,
It’s never fun to focus on stocks that could crash — and, in this case, I’m not talking about a minor correction here. Instead, I’m talking huge volatility: 20% down or more. By now, you’ve heard about the “10X culture.” This isn’t just about your portfolio. Rather, you see advertisements everywhere about 10X-ing your income,
What’s next for Castor Maritime (NASDAQ:CTRM) stock? The dry-bulk shipper has soared nearly five-fold since January. Even after pulling back more than 50% off its highs ($1.95 per share) in recent weeks. Source: Pavel Kapysh / Shutterstock.com News of the company’s expansion may be playing a role in its upward surge, but maybe its sudden
Not much changed in the last few months preceding Bumble’s (NASDAQ:BMBL) initial public offering. Last September, Bloomberg News reported a valuation of $6 billion to $8 billion. So, after Bumble stock started trading in early February, valuations have been in line with insider expectations. Source: XanderSt / Shutterstock.com What is the play with trading Bumble
Investors in Zomedica (NYSE:ZOM) have been taken on quite the wild ride this year. ZOM stock is up nearly 1,000% year-to-date, and over 30% this past week alone. Source: didesign021 / Shutterstock.com Why the buzz? There are a few key things going on with this stock right now. So sorting them out is a priority. Let’s dive
Back in mid-February, those buying the dip in GameStop (NYSE:GME) stock may have seemed a bit foolhardy. But, with the king of all meme stocks going on a second Reddit rally, retail traders have again beaten Wall Street’s so-called smart money at their own game. Source: Shutterstock / mundissima With those active on Reddit’s WallStreetBets
Since its launch at the beginning of March, the VanEck Vectors Social Sentiment ETF (NYSEARCA:BUZZ) has attracted more than its share of enthusiasm. Inflows into the BUZZ ETF (exchange-traded fund) have simply been huge. Source: Shutterstock In fact, BUZZ attracted more than $280 million in capital right out of the gate. As of Mar. 17,
Canadian marijuana group Sundial Growers (NASDAQ:SNDL) has recently been in the limelight. SNDL stock, which started 2021 around 50 cents, saw a 52-week high of $3.96 on Feb. 11. Let’s delve into the weeds and take a closer look at the company. Source: Shutterstock Currently, shares are hovering around $1.60. By comparison, the ETFMG Alternative Harvest ETF (NYSEARCA:MJ),
With investors excited about U.S. federal pot legalization, major cannabis equities remain elevated. That includes Aphria (NASDAQ:APHA) stock. But, while the Canada-based cannabis company offers exposure to possible changes in U.S. marijuana law, it may not be the best way to wager on it. Source: Shutterstock Blame it on its pending merger with Tilray (NASDAQ:TLRY).
Let’s establish the fact that I am not a hater of Starbucks (NASDAQ:SBUX) stock. In fact, I was a fan when it mattered most. When the going got tough last year, I saw past the pandemic problems. I supported SBUX stock with my article March 17. Source: Natee Meepian / Shutterstock.com That was one day
As the most dominant online advertising player in the world, Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) calls the shots. When Google says the rules of the game change, they change. The company’s recent move to end its behavioral targeting policies have been welcome news for privacy advocates. In the eyes of many consumers, this move was a long time
Over the last six weeks — as interest rates have risen and the economy has moved closer to normalcy — there has been a great deal of concern on Wall Street about overvalued stocks. In many ways, despite the correction of growth stocks, I’m more upbeat on those equities as a whole than other pundits.
As cryptocurrencies soar, investors are turning toward mining plays like SOS Limited (NYSE:SOS) stock. It’s a questionable, and even dangerous, strategy. Source: Mark Agnor / Shutterstock.com That’s not because cryptocurrencies are due for a collapse. I don’t believe that at all. In fact, I believe the opposite. I’m a long-time crypto bull. In theory, the
Since the its initial public offering (IPO) in late September, the shares of Palantir Technologies (NYSE:PLTR) have logged impressive gains, up about 190%. This has put the market capitalization at $48.7 billion. Although, as has been the case with other hot tech operators lately, PLTR stock has come under pressure. The price has gone from
Marijuana stocks have cooled off in recent weeks. Organigram Holdings (NASDAQ:OGI) stock was once a “can’t lose” bet, but it has turned out to be a volatile one with plenty of risk. Source: Shutterstock Let’s examine the company-specific and sector-specific concerns driving this volatility. Lack of U.S. Presence Is a Real Issue for OGI Stock
Perhaps one of my most glaring criticisms from an editing standpoint is that I write long introductory paragraphs. So, for those who have suffered from my loquaciousness, here’s perhaps my shortest lede ever. It may be time to rethink Nio (NYSE:NIO), and therefore to sell NIO stock. Before I get into it, let’s discuss some