Remember how exciting it was when Canadian company Tilray (NASDAQ:TLRY)bought out competitor Aphria? At the time, it was the cannabis-market merger of a lifetime. TLRY stock was supposed to soar to all-time highs. Source: Jarretera / Shutterstock.com However, people’s pot stock dreams met reality and went up in smoke. Even with Aphria’s assets, Tilray still
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Bottom-fishers who bought Occidental Petroleum (NYSE:OXY) at its novel coronavirus pandemic lows have seen their patience pay off recently. Even those who got into OXY stock “late” — after oil began to bounce back — are sitting on significant gains. Source: Pavel Kapysh / Shutterstock.com But now, whether you own it already, or looking to
BRC Inc. (NYSE:BRCC) is the official name of the entity better known as Black Rifle Coffee. The company recently completed its merger with Silverbox Engaged Merger Corp. As a result, Silverbox’s ticker changed to BRCC. In the wake of the merger, BRCC stock has rallied sharply. Source: YuniqueB / Shutterstock The merger valued Black Rifle at
Advertising platform Snap (NYSE:SNAP) has enjoyed the past month after reporting solid earnings. The market did not expect a blow-out quarter from the company but Snap proved them wrong. SNAP stock gained 23% in February and is trading in the $30s today. Source: dennizn / Shutterstock.com Although the stock is much lower than the highs it
Amazon (NASDAQ:AMZN) stock will split 20:1 in June. The company also authorized a $10 billion share buyback. Source: Frederic Legrand – COMEO / Shutterstock.com Shares rose over $100 early on March 10, despite a 1.45% overall drop in the Nasdaq. Even at that level they are down over 13% since the start of the year. The
With all the turmoil in the market today, you may think the meme stocks trend is completely over-and-done-with. Mostly, because the factors that enabled it in the first place are no longer in play. For starters, between inflation, interest rates, and the Russia-Ukraine war, the market is in “risk-off” mode. More chancy investments have seen
Canadian Pacific Railway (NYSE:CP) stock has been rising since Russia invaded Ukraine. CP stock was due to open March 11 at $77.79, up from below $69 at the start of the month. They’re now up 8% so far this year. Source: Shutterstock Canadian Pacific investors have been hoping for gains ever since the company announced
The junkmen are coming for Kohl’s (NYSE:KSS) stock. Source: Sundry Photography/Shutterstock.com Since December, activist investors have been pushing the company to sell or at least spin-off its real estate and e-commerce units. The board reacted by rejecting two takeover offers and adopting a “poison pill” aimed at preventing a “hostile takeover.” The pressure increased last
Clover Health (NASDAQ:CLOV) is in deep trouble. CLOV stock was due to open March 10 at about $3 per share. That is a market cap of just under $1.3 billion, which on 2021 revenue of $1.5 million looks horrendous. On expected 2022 revenue of $3.24 billion, however, maybe that is not so bad. Source: Wirestock
Downward revisions to revenue growth forecasts severely hurt Matterport’s (NASDAQ:MTTR) stock price. Shares are down around 79% from their November 2021 highs around $33. The price is in a precipitous decline that accelerated when the company reported scarier operating losses last month. Key corporate insiders bought the dip on MTTR stock in February. Could better
It is hard to believe that this is the first time I have written about Affirm Holdings (NASDAQ:AFRM) and AFRM stock. Source: Joaquin Corbalan P / Shutterstock.com The San Francisco-based buy-now-pay-later (BNPL) firm went public at $49 on Jan. 12, 2021, selling 24.6 million shares and raising $1.21 billion in the process. The company’s share
Shares of Chinese e-commerce giant Alibaba (NYSE:BABA) have been in a downtrend since October 2020. Yet, a year ago, I bet few China perma-bulls expected BABA stock would be flirting with the $100 level for the first time in more than half a decade. Source: BigTunaOnline / Shutterstock.com After losing 57% of their value in
First off, I’ll admit it may sound foolish to be bearish on Costco Wholesale Corp. (NASDAQ:COST) stock. But my bearishness isn’t built around any issues with the company’s underlying business. Source: ARTYOORAN / Shutterstock.com Mainly, because there are not too many. The membership-based discount retailer keeps reporting strong results. It thrived during the pandemic. It’s still
Shares of up-and-coming luxury EV producer Lucid Group (NASDAQ:LCID) shed over 15% of their value in the past month. LCID stock slid roughly 14% earlier this month after the release of underwhelming fourth-quarter earnings report. Source: Around the World Photos / Shutterstock.com A lot was riding on that earnings report. The start-up has been the
Matterport (NASDAQ:MTTR) reported fourth-quarter (Q4) 2021 results on Feb. 16. While they were good, MTTR stock dropped on less robust Q1 and 2022 guidance. Now trading under $7, down from its Dec. 1 all-time high of $37.60, it seems wild to think that its shares could fall any further. Source: Matterport Who can forget Bill
Upstart Holdings, Inc. (NASDAQ:UPST) is an artificial intelligence (AI) -powered lending platform that seeks to upend traditional bank underwriting practices. In a good way. Upstart’s use of AI and machine learning offers big advantages to lenders. Consumers like it, too. Riding a wave of massive growth in revenue, UPST stock surged through much of 2021.
Black Rifle Coffee (NYSE:BRCC) stock emerged from a special purpose acquisition company blank-check merger with SilverBox Engaged Merger I on Feb. 10. Source: rblfmr / Shutterstock The stock’s sailing has been relatively smooth. Shares are up over 18% since their debut, despite a down market. BRC is a coffee roaster based in Salt Lake City
Skillz (NYSE:SKLZ) came public amid a lot of expectations. Bulls pitched SKLZ stock as the combination of gambling and e-sports. This seemed like a can’t miss prospect given the powerful uptrend that both those sectors are enjoying. Source: Dennis Diatel / Shutterstock.com However, Skillz’ investors have seen their luck run dry. Shares have collapsed over
Among the most famous social media platforms in the world, TikTok has amassed nearly 80 million users in the U.S. alone. Expanding out the scope to the rest of the world, the video-sharing service commands a monthly active user base of 1 billion. Invariably, the community will feature a wide variety of subject matter, including
Shares of Covid-19 vaccine play Novavax (NASDAQ:NVAX) may have seen a small upward bounce after its earnings released earlier this week. That does not mean NVAX stock is out of the woods yet. Source: vovidzha / Shutterstock.com With internal and extraneous factors weighing it down, NVAX stock is now a pale shadow of its old