Stock Market

Electric vehicle stocks went into a deep correction last year, and many believe the sector had it coming. Most EV stocks had been trading at bloated valuations, and the bubble burst was always on the cards last year. Moreover, it allowed investors to step back and look at the best investments in the sphere. The

The 2023 Tesla (NASDAQ:TSLA) stock rally continues, thanks to the electric vehicle company’s latest quarterly earnings report. Satisfied by the numbers, and impressed by remarks made by CEO Elon Musk regarding the company’s outlook, investors bid up TSLA stock by another 10.97%, on the trading day following the earnings report. But while it may look

What will the future look like for California-headquartered neo-banking firm SoFi Technologies (NASDAQ:SOFI)? There’s certainly no guarantee that the company will grow or that SOFI stock will gain value over the next seven years. Yet, there are reasons to believe that SoFi Technologies represents the future of modern banking and will stage a major comeback by

As with stocks across the board in the electric vehicle sector, investors have been warming back up to Nio (NYSE:NIO) since the start of the new year. So far in January, NIO stock has rallied by more than 26%. Although factors like Tesla’s (NASDAQ:TSLA) vehicle price cuts weighed on shares in the China-based EV maker

Is it a sign of serious problems that Google and YouTube parent company Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) announced a workforce reduction? GOOG stock actually soared when that announcement was made — and for good reason. Alphabet isn’t actually in trouble, and the company’s anticipated artificial intelligence (AI) product launches could significantly boost Alphabet’s revenue in 2023. Like Amazon (NASDAQ:AMZN)

Earlier this year, Sony Entertainment released God of War: Ragnarok, a masterpiece for the PlayStation 5. In it you play as Kratos, a god tasked (among other things) with killing another god with the power to foresee everything. For the sake of argument, we’ll rename this second deity “Mr. Market.” The only way Kratos beats

Today, few are holding out on Lucid Group (NASDAQ:LCID) as a possible Tesla (NASDAQ:TSLA) in the making. As you may recall, the SPAC predecessor to LCID stock hit prices nearing $65 per share around two years ago, on expectations that this EV startup was going to be the ultimate Tesla killer. Since then, changing economic

It looks like financial traders are still deciding what to do with Toyota Motor (NYSE:TM) stock today. They’re mulling over an announcement that Toyota’s chief executive, Akio Toyoda, is stepping down. The billion-dollar question is about how this might change Toyota as a company going forward. Toyoda is the grandson of Toyota’s founder, and he’s

On Friday, Italian e-scooter firm Helbiz (NASDAQ:HLBZ) joined Genius Group (NYSEMKT:GNS) in cracking down on short sellers. “The recent underperformance of our shares compared to the market is a clear indication of the illegal short selling activities that have taken place,” said CEO Salvatore Palella in his strongly worded press release. “We will not tolerate

On Tuesday, shares of Grom Social (NASDAQ:GROM) spiked 60% on a short squeeze. According to data from Fintel, short share availability dropped from 80,000 to 0 within several hours. At first glance, Grom Social’s rise looks much like a run-of-the-mill meme pump. The company had around 58% of its free float sold short at the

The dust seems to be settling when it comes to Rivian Automotive (NASDAQ:RIVN). Thus far in 2023, RIVN stock has moved down just 2%. In the eyes of investors, the worst may appear to be priced in. As you may recall, RIVN collapsed in price during 2022, as investors responded to high inflation, rising interest

Without a doubt, Ark Investment Management CEO Cathie Wood has received criticism for sticking to her optimistic position in electric vehicle (EV) manufacturer Tesla (NASDAQ:TSLA). Yet, Wood isn’t giving up on TSLA stock. Investors should consider following her lead, as Tesla’s using a savvy strategy to stay competitive in a challenging but high-conviction EV market. There’s

Did a rough 2022 make you afraid to invest in China-based electric vehicle (EV) manufacturer Nio (NYSE:NIO)? Don’t be fearful, as NIO stock could turn a corner this year. As we’ll discover, Nio is making smart and bold moves — not only with the company’s vehicles but also in EV battery technology and beyond. Last year

With Mullen Automotive (NASDAQ:MULN) once again making headlines, you may be “mulling” whether now’s the time to make MULN stock a buy. Yet while this risky electric vehicle stock may at first glance seem worth adding to your portfolio as a small, speculative position, a closer look suggests otherwise. Sure, maybe you don’t have any

After a rough 2022, smart investors know when to make the most of an opportunity. Look no further than beaten-down fintech companies, for example. At the moment, there’s a growing need for contactless payment solutions. Plus, there’s rising demand for “Buy Now Pay Later” services. Leading BNPL provider Affirm Holdings (NASDAQ:AFRM), for example, is in focus

Could China-based electric vehicle (EV) manufacturer Kandi Technologies (NASDAQ:KNDI) be a hidden gem in your portfolio for the next three years? It’s worth considering, as KNDI stock is low now and has been much higher. Besides, Kandi is staking a claim in a niche EV market while also improving its bottom line. Kandi Technologies isn’t

New Jersey-headquartered party supplies retailer Party City (NYSE:PRTY) has been in the headlines lately but not for reasons that investors would want to celebrate. It looks like PRTY stock is getting delisted and Party City is engaged in bankruptcy proceedings. Inflation and recession fears have taken a toll on the U.S. economy, and some businesses just

In 2018, one of my financial advisory clients asked me a point-blank question: “Do you think buying this house is a stupid investment?” He was clearly still troubled by his experience from the 2008 financial crisis — a period where the average American lost 42% of their homeowner equity. And having lived through the real

If any company could be considered the poster child of the Big Tech wreck of 2022, it’s Meta Platforms (NASDAQ:META). The carnage of META stock was considerable, though some investors may choose to stand by CEO Mark Zuckerberg’s metaverse-centered vision for the company. All things considered, however, it’s wise to stay out of the trade

Without a doubt, 2022 was a tough year for Amazon (NASDAQ:AMZN) stock. Will this year be any better? It’s hard to be bullish about Amazon now, given the company’s vulnerability to a shaky macroeconomic environment. Before you assume that there’s a prime dip-buying opportunity here, take note of Amazon’s problems and challenges. Then, you’ll probably want to