I hate Exxon Mobil (NYSE:XOM). But that doesn’t mean XOM stock is a bad play. Source: Harry Green / Shutterstock.com When it comes to the company, it’s personal. I accept the science of climate change. If I ever have grandchildren, I want them to have a livable planet. But the last time I wrote about
Month: February 2021
Wall Street has a tough time breaking old habits. Today we’re going to examine the opportunity with energy stocks. Last year, major investors committed to being more Earth friendly and the concept of ESG investing took flight. Global shutdowns gave the environment a big break. Humans drastically reduced the use of fossil fuels. For one
Most electric utility stocks are distinctly unloved right now. But there’s an exception to this rule: NextEra Energy (NYSE:NEE). Right now, NEE stock is up. Source: madamF / Shutterstock.com In fact, while the S&P 500 is up a little under 41% over the last two years, the Utilities Select SPDR Fund (NYSEARCA:XLU) is up just
Health care companies often prove to be recession resilient, as their medicines and medical devices usually remain in high demand even if the economic environment weakens. Consumers need these products to maintain or improve their quality of life, regardless of state of the economy. At the same time, the world’s population continues to age, which
There are two types of dividend stocks: those that increase their annual dividend payments year after year, often referred to as Dividend Aristocrats, and those that grow their annual dividends by double-digit percentages every year. In early January, Rob Carrick, one of Canada’s best personal finance columnists, wrote an article about dividend stocks that doubled
Editor’s Note: This article was updated on Feb. 22, 2021, to remove erroneous information about Saturn. In all the electric car hoopla that Tesla (NASDAQ:TSLA) inspires, Toyota Motor (NYSE:TM) has been ignored. TM stock continues to be a low-volume name. About 330,000 shares trade on an average day, while TSLA stock averages almost 41 million.
Much of the United States felt the sting of extremely cold weather this month. Perhaps no part of the country was hurt more than Texas, which saw millions go without power. This has caused energy prices to surge higher. For investors, that puts the focus on energy stocks. Consider that WTI crude increased 6.5% over
When it comes to income investing, we think investors should look for blue-chip stocks that have a few key features that go beyond the ordinary dividend stock. In particular, we prefer dividend stocks that have the ability to grow their payouts over time, as well as those that have very safe and reliable payouts, even
Interest rates may be on the rise right now, but they are still near historic lows. So, as it continues to be a near-zero interest rate environment, dividend stocks have become even more important to investors searching for yield. The problem? Unlike bonds, there’s a lot more risk in depending on equities for income. Bond
Despite the market accepting that Nikola (NASDAQ:NKLA) is outright fraudulent, investors are not abandoning their investment yet. Strong investor demand for electric vehicle stocks is lifting NKLA stock. Source: Stephanie L Sanchez / Shutterstock.com Traders do not mind betting on NKLA. Since its share collapse ended in October 2020 on heavy volume, the stock spiked
The dream of multi-bagger returns just won’t die, will it? As some loyal (or perhaps stubborn) traders continue to invest in Hertz Global (OTCMKTS:HTZGQ), it’s becoming increasingly apparent that Hertz stock might never recover. Source: lumen-digital / Shutterstock.com I can’t blame anyone for wanting to keep the dream alive. Heck, I’m as guilty as anyone —
Even if you follow biotech stocks, I doubt that you had heard of BioNano Genomics (NASDAQ:BNGO) three months ago. The California-based company’s showcase product is Saphyr, a genome-mapping tool aimed at researchers. BioNano saw its revenue decline through 2020, and it spent most of the year as a penny stock. Last April, you could pick up
My prior bullishness toward Costco (NASDAQ:COST) stock was largely shaped by a positive experience with the company. However, my thoughts on Costco as an investment have taken a more bearish turn lately. The primary culprit? A stretched valuation. Source: ARTYOORAN / Shutterstock.com Before we get into the negatives, let’s first start with a bit of
With the shares of electric-vehicle stocks plunging, now is not a good time to buy Churchill Capital Corp IV (NYSE:CCIV) stock. Source: Pasuwan/ShutterStock.com On Feb. 22, confirming a long-running rumor, Churchill Capital, a SPAC, disclosed that it would merge with Lucid Motors. A luxury EV maker run by a former chief engineer of Tesla (NASDAQ:TSLA),
The previous lack of successful biofuels in developed nations and Gevo’s (NASDAQ:GEVO) high valuation are both factors that make me cautious on GEVO stock. The company develops low-carbon renewable fuels from plant sugars, but I’m not sure it’s a sustainable buy. Source: PhotographyByMK / Shutterstock.com Other worrisome trends for the stock include the apparent lack
Colorado-based cryptocurrency miner Riot Blockchain (NASDAQ:RIOT) appointed board member Jason Les as its chief executive officer on Feb. 8. RIOT stock has more than doubled since the company appointed the Bitcoin (CCC:BTC-USD) expert to be its leader. Source: Shutterstock While the stock pulled back in recent days, it’s still up more than 90% since that
Although Clover Health (NASDAQ:CLOV) has great potential, allegations against the company by a research firm make CLOV stock too risky to buy or hold at this point. Source: Shutterstock The allegations were made by Hindenburg Research in early February. Hindenburg has shorted stocks that it issued reports about it in the past. When it issued
There is a somewhat compelling argument for Naked Brands (NASDAQ:NAKD) stock as an investment. That’s because it is one of the brands caught up in the conversations on r/wallstreetbets . Source: Tinseltown / Shutterstock.com For investors, the question seems to be whether a few recent moves by Naked Brands are likely to propel NAKD stock
Tattooed Chef (NASDAQ:TTCF), the plant-based frozen food company which makes ready-to-cook bowls, produced strong results for the fourth quarter and 2020. But TTCF stock still looks to be fully valued, even though it has come down a bit from its recent peak. Source: Shutterstock TTCF stock went public via a SPAC deal last year and
To say that that I have some concerns about Kaixin Auto Holdings (NASDAQ: KXIN) is an understatement. Indeed, the thought of buying KXIN stock gives me the same feeling in the pit of my stomach when I am under a lot of stress or ate something that I should have avoided. Source: lumen-digital / Shutterstock.com