Tech stocks have been volatile trades so far in 2021, and we’re liable to see more wild swings in the near future. As the global economy reopens, investors increasingly find themselves in an ambivalent position where they need to choose between cyclical “old economy” stocks and high-growth tech stocks. Many tech names have seen occasional
Stocks to buy
It’s fair to say that Canopy Growth (NASDAQ:CGC) has an appropriate name, as the company has exhibited tremendous growth over the years. Recently, however, investors may have been disappointed in the performance of CGC stock. Source: Shutterstock The stock was on a tear earlier this year. However, the Canopy share price peaked in February and then
Stock markets are booming thanks to the tailwinds that the Federal Reserve and the White House have provided. The government deployed the heaviest artillery ever to reflate the economy after the pandemic. Judging by how strong stocks are, they may have overshot a bit. There are pockets of weaknesses this week, and consequently, some hot
In the coming years, quantum computing stocks are likely to become very lucrative. If you’re unfamiliar with the technology, these computers use quantum mechanics to create multidimensional spaces and solve complex problems. As a result, quantum computers are significantly faster than traditional computers. Quantum computing is a relatively nascent technology, but it holds a lot
Apple (NASDAQ:AAPL) is set to release its earnings for the quarter ending June on July 27. Based on its powerful free cash flow (FCF) in the last six months, look for AAPL stock to rise 30% over the next year. That sets its target value at $187.58, based on its closing price of $144.50 on
Ever since Virgin Galactic (NYSE:SPCE) shot Richard Branson into space on the first-ever commercial space flight, SPCE stock has been anything but stellar. Despite the successful flight, the stock is currently trading down around $35 on other news. Make no mistake, there’s no lack of excitement over Virgin Galactic’s space tourism business. The market is very
Pinterest (NYSE:PINS) is a popular social media company with huge free cash flow (FCF). I wrote about the stock last month when it produced a huge 55% first-quarter FCF margin. At the time, I said that PINS stock was worth $79.95, 25% more than its price at the time. But the stock rose 15% to
Adobe (NASDAQ:ADBE) is a popular application software company with powerful free cash flow (FCF) generating capability. In fact, it’s now clear that its FCF is so robust that we can project out the value of ADBE stock using its FCF yield. Source: r.classen / Shutterstock.com The problem is, though, that ADBE stock is close to a
Focusing on additive manufacturing (AM) of electronics, Nano Dimension (NASDAQ:NNDM) specializes in fast prototyping capabilities, helping client companies meet tight production deadlines while delivering cost savings. What’s more, NNDM stock is actually fundamentally relevant without the social media furor surrounding it. Still, an extra tailwind never hurt. Source: Spyro the Dragon / Shutterstock.com In this
Chinese electric vehicle (EV) maker Nio (NYSE:NIO) is doing all the right things, and its stock is responding positively. In June, the price of NIO stock rose 25% to $53.20 as the company reported one positive development after another. Source: Robert Way / Shutterstock.com This was a welcome turnaround for the Shanghai-based company’s stock after months
The times they are a-changing, folks. Ten years ago, the only so-called “drugs” you could legally take in public were alcohol and tobacco. Over the past decade, marijuana got added to that list across a variety of states in America as well as multiple countries across the globe, including Canada and Mexico. And just last
One of the key observations about asset markets is that there is always a bull-run in some stocks or sectors, irrespective of economic conditions or other headwinds. Even during the novel coronavirus pandemic, there were dozens of stocks to buy that delivered multi-fold returns. In particular, sectors like at-home entertainment, gaming, e-commerce and pharmaceuticals benefited
I would have been worried if the big rally in electric vehicle stocks sustained well into 2021. It seemed that EV stocks were in a bubble territory. NIO (NYSE:NIO) stock touched a high of $66.99 in February. Source: Sundry Photography / Shutterstock.com However, significant profit taking and concerns related to chip shortage resulted in a
If you’re looking to hop onto an emerging hyper-growth megatrend, you really need to check out 3D Systems (NYSE:DDD). Sure, there’s risk involved in owning DDD stock, but the long-term rewards could be spectacular. Source: shutterstock.com/Alex_Traksel Boldly (but not incorrectly), InvestorPlace analyst Luke Lango recently called 3D printing the “Fourth Industrial Revolution.” To that, I would add
Crude oil prices have risen sharply this year as demand increased significantly once global economies reopened. The United States Oil Fund (NYSEARCA:USO), which tracks Light Sweet Crude Oil, is up 48% in 2021. The rise in oil prices helped drive prices of energy stocks up, with the SPDR Select Energy ETF (NYSEARCA:XLE) gaining over 36%
There’s a kerfuffle going on right now with the Organization of the Petroleum Exporting Countries (OPEC) as they struggle to come to agreement on oil production levels for the remainder of this year. The disagreement has thrown oil stocks up in the air. The energy alliance, often referred to as “OPEC+,” voted at the start
Sometimes, I think about the days when shares of Chinese electric vehicle start-up Nio (NYSE:NIO) traded for $2.50 apiece. Undoubtedly, we all wish that we had a time machine, so that we could go back and load up on NIO stock when it was super-cheap. Source: xiaorui / Shutterstock.com Unfortunately (or maybe not), humankind hasn’t perfected a time
It’s one of the biggest and most famous American banks. JPMorgan Chase (NYSE:JPM) is a bona fide financial giant, and JPM stock has served investors well through thick and thin. Source: Shutterstock The thing is, you probably won’t hear young stock traders buzzing about JPMorgan, or about banking firms in general. This sector doesn’t have the
The pandemic has had a huge impact on consumer behavior, which has helped transform the housing market. Opendoor Technologies (NASDAQ:OPEN) is expanding and moving towards acquiring more properties. OPEN stock has had a wild ride over the past year. The stock was trading for $11.57 on July 8, 2020, and hit an all time high
NIO (NYSE:NIO) stock has dropped roughly 14% over the past week, as fears related to a broader economic slowdown impede bullish sentiment on NIO stock. Just look around: pent-up consumer demand is tapering off and Covid-19 variants are causing sporadic lockdowns globally. Source: Sundry Photography / Shutterstock.com But look at this dip as a favorable