Square’s (NASDAQ:SQ) deal to buy Australia’s Afterpay (OTCMKTS:AFTBY) for $29 billion in new stock sent SQ stock up 10% but landed like a bomb on the payments industry. Source: Jonathan Weiss / Shutterstock.com Processors Visa (NYSE:V) and MasterCard (NYSE:MA) both fell, Visa by nearly 2.5% and MasterCard by more than 2.75%. It could have meant
Stocks to buy
Skillz (NYSE:SKLZ) stock has been taking a beating, but underneath the weakness in share price, the operating fundamentals behind SKLZ are improving. More specifically, we’re huge fans of the company’s technological expansion. Source: Gorodenkoff / Shutterstock.com Skillz currently offers a variety of mostly casino-like games like Solitaire, 21 Blitz and pool, as well as some
Some folks might point to mobile e-commerce company ContextLogic (NASDAQ:WISH) as an example of what can go wrong when people buy initial public offering (IPO) stocks. After all, WISH stock hasn’t performed well since the company’s IPO. Source: sdx15 / Shutterstock.com I’ll grant that there’s a cautionary lesson to be learned from this. People who jumped
History has repeatedly shown that market crashes are almost a “natural” part of the investing cycle. On July 19, the S&P 500 saw its worst single-session plunge in months, fueling speculation that a major correction might be around the corner — and that will provide stocks to buy. The spread of the delta variant, which
Stem (NYSE:STEM) is a new kind of manager with assets under management (AUM). Its assets are electricity storage assets (large batteries), instead of monetary assets, and its service or value-added is AI-based software. But it is just as profitable as other managers — or soon will be — as it gains scale. As a result,
Newegg Commerce (NASDAQ:NEGG) is a California-based online retailer that specializes in computers, electronics, PC and gaming accessories and related products. Newegg has been in business since 2001, but the company only went public this May. In a reverse merger (details here) it became Newegg Commerce. NEGG stock began trading on May 20, and since then it
Navigating the stock market is never easy, particularly in these times. Although the markets are on fire, value investors are still squeamish on which stocks to buy. After all, this economy is dominated by electric-vehicle (EV) plays and SPACs, or special purpose acquisition companies. Understandably, the whole situation can confuse the best trader. That’s why
Electric vehicle (EV) stocks have seen renewed enthusiasm recently. However, this optimism has provided little solace for long-time investors in Workhorse (NASDAQ:WKHS). The stock has more than doubled from its low point in May around $7 to a recent high of $18. WKHS stock closed today trading at $11.46 per share, which is a long
ContextLogic (NASDAQ:WISH) is well-positioned to benefit from the turbulence that China-based e-commerce companies are facing. Further, after outlining multiple, positive catalysts in my previous column on WISH stock, published on June 28, I have identified several more drivers that are likely to boost the shares over the longer term. Source: sdx15 / Shutterstock.com Among these
Penn National (NASDAQ:PENN) has generated profits in each of the last two quarters — and the company’s first-quarter results were particularly impressive. But that’s not the only reason to like PENN stock. Source: Casimiro PT / Shutterstock.com On top of its quarterly performance, Penn National also looks critically well-positioned to benefit from a meaningful expansion
Not many used car auto buyers know the brand name Adesa, but there’s a decent chance your car was bought or sold at one of their landmark auto auction houses. If you get a chance to check out a wholesale auto auction, it’s a must see as cars are presented through and sold at a
Cleveland-Cliffs (NYSE:CLF) — a Cleveland, Ohio-based steelmaker — has made it very clear that it expects to significantly reduce its debt this year. That could mean great things for CLF stock. Source: IgorGolovniov / Shutterstock.com Essentially, this reduction is a direct result of the company’s free cash flow (FCF) generated in the second quarter, as well
Sofi Technologies (NASDAQ:SOFI) has tumbled since it closed its special purpose acquisition company (SPAC) deal and raised $1.9 billion in cash. SOFI stock peaked on June 8 at a closing price of $23.89. Since then it has fallen by 35.7%, or $8.52, to $15.37 as of July 28. Source: rafapress / Shutterstock.com However, SOFI stock
Fisker (NYSE:FSR) stock makes a lot of sense for those who want to get in on a ground floor investment in an emerging EV brand. Source: T. Schneider / Shutterstock.com Investors who choose to do so will be making a risky decision given that Fisker isn’t scheduled to produce a vehicle until Nov. 17, 2022.
Advocating for a cannabis play like Canopy Growth (NASDAQ:CGC) stock is tough these days. Source: Shutterstock With the legal status of medical and recreational marijuana in constant flux, investors turn their attention towards safer bets. But CGC stock has fallen substantially from a 52-week high of $56.50 on Feb. 10. it trades a little above $18
From time to time, I find myself perplexed about an opinion I formed on a particular stock. And so I wonder what I was thinking in early June when I lumped The Trade Desk (NASDAQ:TTD) stock in with other bubble stocks? Source: Tada Images / Shutterstock.com In fairness, TTD stock is up 166% since January 2020 making it a pandemic
Lucid Motors (NASDAQ:LCID) makes its grand debut as a public company today. LCID stock is trading on the Nasdaq after its special purpose acquisition company (SPAC) merger with Churchill Capital IV (NYSE:CCIV) closed. When it comes to Lucid, we believe we’re only in the top of the first inning of a very promising long-term growth narrative.
Chipmaker Advanced Micro Devices (NASDAQ:AMD), better known as AMD, has been on a roll this year. The company is well-positioned for future market share gains as its diverse product array drives growth in its business. And despite its stellar fundamentals and future outlook, AMD stock trades at a considerable discount to its peers. Source: Sundry
Editor’s note: This article is part of InvestorPlace.com’s Best Stocks for 2021 contest. As cliché as it sounds, it’s been a very interesting start to the year over the past six months. Looking back on the first half of 2021, we continued to see a strong market response to 2020’s pandemic-driven ride. In terms of the
Penn National Gaming (NASDAQ:PENN) produced excellent results for the first quarter, showing that the casino gaming company is now producing free cash flow (FCF). As a result, PENN stock is likely to move significantly higher once the market sees it generate large amounts of cash. Source: Casimiro PT / Shutterstock.com Penn National Gaming has 42