Given the stock market’s performance lately, adding penny stocks to buy (i.e. stocks trading for under $5 per share) to your portfolio may at first glance sound like not the right move. However, today’s market conditions have created a situation where there are many great penny stocks to buy. “Great” in two ways. First, “great” in terms of their fundamentals/prospects.…
The truth is that it’s very difficult to gauge bottom from price action alone. You only have to look at the bottoming process from past bear markets to show how difficult it is to call it over. And why investors are so frequently pulled into “sucker’s rallies” before true bottom is found. This brings us back around to an exploration…
After Elon Musk disclosed that he had decided to refrain from buying Twitter (NYSE:TWTR), Digital World Acquisition (NASDAQ:DWAC) stock is rallying 16% in pre-market trading. DWAC stock is a special-purpose acquisition company (SPAC) that has agreed to merge with the Trump Media and Technology Group, or TMTG. TMTG is a social media company founded by former U.S. President Donald Trump.…
One of the worst scourges of our time, experts estimated that nearly two million new cancer cases were diagnosed last year. However, the advent of advanced therapeutics that the coronavirus pandemic engendered bodes well for biotechnology firms like Aprea Therapeutics (NASDAQ:APRE), which on Friday received positive coverage from Wedbush analyst Robert Driscoll. In response, APRE stock is up over 14%…
Real estate investing is considered a good way to diversify a portfolio because not only has real estate itself shown its resilience through all kinds of market conditions, but it gives you the feeling of actually owning something. It’s real. There are lots of ways to buy real estate in the stock market too, including in the form of the…
With volatility persisting in the stock market, investors may be thinking of rotating into lower-risk utility stocks. In fact, with all that has been going on this year, utilities have been one of the few corners of the stock market that has shown resilience. For the uninitiated, the industry includes companies that provide us with electricity, gas, and water. These…
On paper, Wallbox NV (NYSE:WBX) has been one of the best-performing electric vehicle (EV) brick-and-mortar companies. The Spanish-headquartered company continues to report excellent sales and financial results, including record revenue growth in the first quarter of 2022. Despite the raft of good news and strong guidance, Wallbox stock has been, for the most part, trending lower since peaking in November…
Both strides and setbacks have punctuated the quest for federal legalization of cannabis in the U.S. So far, 38 states have legalized marijuana for medical use. The recreational use of marijuana is legal in 19 states plus the District of Columbia and Guam, and the U.S. House of Representatives in April passed legislation to legalize marijuana at the federal level for the…
It is that time of the year again when U.S. banks are subjected to their annual stress test exercise. A bank stress test is essentially a simulation conducted to analyze how banks would react to adverse market conditions. For instance, a recession or a financial market crash. Fortunately, all the U.S. banks cleared their annual stress test last week. Following…
The cost of raw materials for electric vehicles (EVs) has risen, given the sanctions placed on Russian metals and the continued supply chain disruptions worldwide. The cost and supply issues have had a negative impact on EV companies, as far as production and margins go. EV stocks have declined, but I view the lower prices as an opportunity, considering that…