There is a lot of chatter on Wall Street right now about how tech stocks may be in a bubble, with many comparing the current surge in tech stocks to the dot-com bubble of 1999-2000. Broadly, I don’t think this chatter is warranted. We aren’t in a tech stock bubble, for two big reasons: 1.
Stocks to sell
The persistent trading of Luckin Coffee (OTCMKTS:LKNCY) shows some folks will buy anything. Luckin stock is destined to linger like unwanted nuclear waste. Source: Keitma / Shutterstock.com This is a company with a very checkered past. There are so many reds flags warning investors to stay away that the horizon is a sea of red.
In early June, kids entertainment company Genius Brands (NASDAQ:GNUS) went viral because the company was supposedly trying to build the Netflix (NASDAQ:NFLX) for kids. Seemingly overnight, GNUS stock went from $1 to $12. Source: patat / Shutterstock.com I said stay away from Genius Brands, on the idea that while creating the Netflix for kids is
Marathon Patent Group (NASDAQ:MARA) stock is one to avoid. At its inception in 2012 it was a patent company founded on a portfolio of three patents and one application. In August 2017 Marathon announced it intended to also pursue potential alternative businesses. Then, in November 2017, it acquired Global Bit Ventures, cementing its current direction
The race to develop a vaccine to fight the novel coronavirus is like any other competition. There are going to be winners and losers. It appears iBio (NYSEAMERICAN:IBIO) will be in the latter the camp despite the fact that IBIO stock is up 691% this year. Source: Shutterstock On balance, a 691% gain in less
I pounded the table for Advanced Micro Devices (NASDAQ:AMD) six years ago, when it named Dr. Lisa Su as CEO. I liked AMD stock at $20, and even $40. It’s a great company. She’s a great leader. AMD makes faster microprocessors than Intel (NASDAQ:INTC). It’s competitive in graphics with Nvidia (NASDAQ:NVDA). Source: Casimiro PT /
The steep decline of Inovio (NASDAQ:INO) stock is continuing. Earlier this year, Inovio electrified traders when it announced that it had a potential vaccine candidate for the novel coronavirus. Following the disclosure, INO stock shot up to as high as $33 this summer, versus its 52-week low of $1.92. Source: Ascannio / Shutterstock.com However, the
The 12th anniversary of the merger between Northwest Airlines and Delta Air Lines (NYSE:DAL) is coming up on Oct. 29. If you were a Northwest shareholder in 2008 and are still holding DAL stock, you made out like a bandit. Source: Markus Mainka / Shutterstock.com If you haven’t sold after 12 years, you probably shouldn’t
Its been the year of the special purpose acquisition company (SPAC). Over 50 SPACs have been formed in 2020 alone, and they have raised over $21.5 billion. Spartan Energy Acquisition (NYSE:SPAQ) is one of the top SPACs in the market, as SPAQ stock has jumped 40% so far this year. Source: Shutterstock The company’s big
As a long-time Nvidia (NASDAQ:NVDA) bull, it was tough for me to say last week that it may be time to pump the brakes on a red-hot NVDA stock that is up 212% in 2020 alone. Source: Sundry Photography / Shutterstock.com But that seems like the smart thing to do. Nvidia is a great company,
In a prior article, I said that Docusign (NASDAQ:DOCU) was a company that will continue to grow regardless of the pandemic. Secure, electronic signatures are simply an idea whose time has come. And it has become essential technology for many online businesses. But should you buy Docusign stock at its current price? The technicals are
Riding high thanks to the EV bubble, what’s next for Plug Power (NASDAQ:PLUG) and PLUG stock? A rising star in the hydrogen fuel cell (HFC) space, shares are up 309% so far this year. While the company’s prospects appear strong, lingering concerns remain. Source: petrmalinak / Shutterstock.com What do I mean? Firstly, valuation. Granted, valuation
The onset of the novel coronavirus put enormous pressure on the U.S. stock market, but not all businesses were impacted equally. If you had to choose one company that thrived the most during the pandemic, a reasonable choice would be Zoom Video Communications (NASDAQ:ZM). At the same time, ZM stock holders easily outperformed the major market
Bouncing back after cratering earlier this month, should you dive into iBio (NYSEAMERICAN:IBIO)? Not so fast! Investors now may be buyyng on the headlines thanks to a potentially positive development. But make no mistake—this isn’t time to “buy the dip” on iBio stock. Source: Shutterstock Why? Sure, the company remains a contender in the race
Over the last few weeks, shares of Ocugen (NASDAQ:OCGN) stock rocketed nearly 420% to a July 2020 high of about 96 cents. Then it was more than halved to 40 cents. Source: Shutterstock So is the life of a volatile penny stock. The only reason the stock popped was because its lead gene therapy drug,
InvestorPlace’s Bret Kenwell recently wrote an article about Exxon Mobil (NYSE:XOM) stock entitled By Maintaining Its Dividend, Exxon Mobil Stock Is an Energy Name to Hold. Source: Michael Gordon / Shutterstock.com Bret makes excellent points about why an investor might want to bite into its juicy dividend yield. Now, to be clear, Bret likes to
Marathon Patent Group (NASDAQ:MARA) has had an interesting run. A few years ago, the company tried to commercialize intellectual property, as you might guess from its name. However, when that didn’t pan out, Marathon made an abrupt pivot to cryptocurrency mining in 2017. MARA stock briefly soared. Source: Shutterstock That excitement soon fizzled though. As
In an expansive universe of U.S.-listed Chinese equities and cloud computing names, Taoping (NASDAQ:TAOP) isn’t the one to consider. On either account. If you haven’t heard of Tapoing stock, that’s alright. In this case, ignorance may be bliss. Source: Shutterstock The company has two primary businesses segments: traditional information technology and cloud computing, where it operates
Despite the ravages of the novel coronavirus, some retail apparel companies have performed very well this year. Thanks to a combination of compelling products and social awareness, the pandemic has so far been a net positive for certain brands. Unfortunately, investors cannot say the same about Under Armour (NYSE:UA, NYSE:UAA). Its toxicity was bad enough
Investors typically look at gold and other precious metals in times of market turmoil. Naturally, gold has become a safe haven for investors as the novel coronavirus changes the landscape of financial markets. Hence, investors are clamoring to buy gold stocks as gold prices have risen 27% year to date. However, things have not been
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