Stock Market

Risky growth plays are feeling the pressure of rising inflation and increasing interest rates. Under these circumstances, Newegg’s (NASDAQ:NEGG) stock is not for the faint of heart since it’s a true meme stock in every sense. Newegg is an online retail company selling various computers, electronics, and more products. The main reason why the company

Fed-up investors who dumped Alibaba Group (NYSE:BABA) stock in March will regret it. BABA stock bottomed at $73.28 in mid-March 2022. The following month, Premier Li Kequiang said it would pause its crackdown on the sector. The shift to promoting economic growth proved helpful to BABA stock. Shares are up by around 60% from the

Can electric vehicle maker Lucid (NASDAQ:LCID) survive the current market downturn? The Newark, California-based company’s life as a public company has gotten off to a rocky start. The company went public in January 2021 via a reverse merger with a special-purpose acquisition company (SPAC) at the height of that craze only to see its share price

Source: helloabc / Shutterstock.com A negative report recently came out, and it’s replete with allegations against Chinese electric vehicle (EV) maker Nio (NYSE:NIO). Consequently, traders should avoid NIO stock for now, or at least not add to any existing positions. In recent weeks, things had really been looking up for Nio shareholders. After making a 52-week low, in

The last time I wrote about Snap (NYSE:SNAP) was in late May, just after it gave shareholders a lump of coal, warning that revenue and earnings would be lower than initially expected. SNAP stock lost 40% in five trading days on the news.  My take on the warning was that its financials weren’t nearly as

After surging higher in late May, shares in video-game retailer GameStop (NYSE:GME) are holding steady at just over $120 per share. GME stock remains seemingly unsinkable right now. With the long side holding with diamond hands, and the short-side possibly getting carried away with their big bets against it, the “meme stock saga” continues. Yet

Investors are picky in the current environment. Spooked by rising inflation and interest rates, value stocks are getting the most attention. Therefore, despite some enticing elements, one cannot give a thumbs up to Hycroft Mining Holding Corporation (NASDAQ:HYMC) stock. The silver and gold miner gained notoriety when AMC Entertainment (NYSE:AMC) purchased a 22% stake in

Amazon (NASDAQ:AMZN) Chief Executive Officer (CEO) Andy Jassy sent an email to company employees on Jun. 21 acknowledging that two of its senior executives, who happen to be black, were leaving the company. If you’re considering buying AMZN stock, you might want to consider what these departures mean for Amazon’s future. While it’s easy to

It’s the very end of the current earnings season, with only a couple of companies left to report financial results. With more than 99% of the companies listed in the S&P 500 index having reported their finances, the results for the January through March period have held up fairly well. However, pessimism is growing for

Investors who look at Carnival (NYSE:CCL) on price alone could be tempted to buy given current levels. Even before yesterday’s 14% plunge, the shares were already off nearly 52% year-to-date and an even greater 66% since their pandemic peak in early June 2021, the timing is undoubtedly attractive.  For comparison, the Defiance Hotel, Airline, and

With the value of Meta Platforms (NASDAQ:META) recently cut in half from when it was called Facebook, CEO Mark Zuckerberg is hyping the metaverse, and analysts are buying it. The virtual reality platform in which people could live and work intimately from wherever they are, will have a billion people spending hundreds of dollar each,

[embedded content] NIO stock and other electric car stocks are ready to turn the corner higher after the Chinese government announced it was considering “extreme measures” to boost manufacturing output. That’s major news for Chinese EV stocks like NIO. China is the heart of the EV economy. In fact, 60% of global EV battery manufacturing

These S&P 500 stocks are primed to blast through resistance, meaning massive gains for investors. Alphabet (GOOGL, GOOG): Anticipation of July’s 20-for-1 stock split should drive this tech titan back into an uptrend. Eli Lilly (LLY): Shares are up 17% this year, trouncing the S&P 500. Bristol Myers Squibb (BMY): Forget waiting, this stock just

Last Friday was a stunning day for the market. The S&P 500, Dow Jones Industrial Average and tech-heavy NASDAQ Composite ended the day up about 3.1%, 2.7% and 3.3%, respectively. For the week, the S&P 500, Dow and NASDAQ rallied 6.4%, 5.4% and 7.5% — a breath of fresh air following two straight weeks of

In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. Occidental Petroleum (NYSE:OXY), for example, abruptly fell 25%. Today,

Source: Jimmy Tudeschi / Shutterstock.com In mid-June, shares of Warner Bros. Discovery (NASDAQ:WBD) fell to a fresh low of $13.30 following the release of an analyst report that raised concerns about its direct-to-consumer streaming strategy. WBD stock has only been trading since April 11, after Discovery merged with WarnerMedia, but it is down more than

Amazon (NASDAQ:AMZN) has not had a great run lately. Unfortunately, FAANG has not been able to buck the market’s overall selloff. A few of the components are holding up okay, but Meta (NASDAQ:META), Netflix (NASDAQ:NFLX) and AMZN stock are all badly underperforming the Nasdaq. Unfortunately for Amazon, it’s not sitting in a good place. Inflation

Most of us are familiar with the metaverse. Or, the “sci-fi concept whereby humans put on some sort of headset or smart glasses that allows them to live, work and play in a virtual world much like the one depicted in the ‘Ready Player One’ movie,” as noted by CNBC. Better yet, according to a McKinsey

Nvidia (NASDAQ:NVDA) stock, the darling of 2021’s market, has lost 44% of its value in 2022. But it’s still not a cheap stock. At its June 23 price of $165/share, Nvidia’s market cap was $407 billion, on fiscal 2022 revenue of $27 billion. The price to earnings ratio was nearly 44. The dividend yields just

Is Roku (NASDAQ:ROKU) going to be acquired? Not yet. But rumors persist that Netflix (NASDAQ:NFLX) is looking to buy the manufacturer of internet-connected television sets and other devices. When the rumors of a takeover first surfaced on June 8, ROKU stock jumped 10% as investors grew excited about the prospect of a Netflix/Roku combination. But