Okta (NASDAQ:OKTA) isn’t exactly a household name. Enough people knew about it though (and liked it well enough) to Okta stock from its early-2017 IPO price of $17 to its July high of $141.85. Source: Sundry Photography / Shutterstock.com Then, everything changed. The stock has peeled back from that high to its current price near
Gaming stocks are finally showing a little life again. After a dreadful couple of quarters, the gaming names have started to recover from their worst levels. Activision Blizzard (NASDAQ:ATVI) stock, in particular, is back to the $56 range after reaching $40 earlier this year. Source: Lauren Elisabeth / Shutterstock.com Is the optimism justified? Some analysts
In the nearly-eight years Ginni Rometty has served as CEO of International Business Machines (NYSE:IBM), IBM stock has lost 23% of its value. From the shares’ peak in early 2013, while her predecessor’s initiatives were still in motion, the IBM stock price has fallen 33%. Source: JHVEPhoto / Shutterstock.com The performance of IBM stock, of
Many people colloquially refer to Nio (NYSE:NIO) as the Tesla (NASDAQ:TSLA) of China. The term is meant to describe the company’s attractive and futuristic electric vehicles. The problem is, like Tesla, Nio is running a race to long-term profitability that still seems elusive. Source: Shutterstock However, a greater concern for investors regarding Nio stock is
Nio (NYSE:NIO) should be a better investment than it is, but Nio stock looks as if it’s going to lose the EV race in a big way. Source: THINK A / Shutterstock.com The electric car revolution is coming and investors are readying their portfolios. Not only are the quieter and cheaper to run than their
If you’ve followed my work over the past year, you know that I’m a strong supporter of marijuana stocks. While the viability of individual names varies, overall, the lack of a defined upside excites me. In other words, the cannabis market could be the most transformative of our generation. Or it could crash and burn.
Anyone who has bought and held Netflix (NASDAQ:NFLX) stock for more than a couple of years has made a killing as the company has spearheaded the cord-cutting, anti-cable-TV revolution. Netflix was the undisputed leader in the streaming niche for a long time — and still is, perhaps, but some well-known names are poised to take
In breaking news on Wednesday, President Trump announced that he would delay scheduled tariffs against China by two weeks. As he put it, the delay represents a goodwill gesture to China, and comes at the request of China’s Vice Premier, Liu He. And on the surface, this development seemingly bodes well for JD.com (NASDAQ:JD) and
The challenges facing Chinese streaming video play iQiyi (NASDAQ:IQ) are myriad, and they’ve pressured IQ stock. Source: natmac stock / Shutterstock.com iQiyi stock has rallied so far this year, gaining 21%, but it’s faded of late. Those gains, meanwhile, are coming after the stock hit an all-time low in late 2018. In recent months, at
It goes without saying that Canopy Growth (NYSE:CGC) has endured a rough summer. Market leadership could not compensate for falling multiples, earnings and revenue misses, and a CEO firing. Canopy Growth has bounced back from near-term lows. Still, it remains too early to tell whether that bounce represents a pause in the decline or a
After a rough late 2018, shares of home improvement retailer Home Depot (NYSE:HD) have staged a huge rally in 2019, rising 35% year-to-date to fresh all time highs. But, with HD stock price north of $230, I’m worried that valuation friction will ultimately short circuit this big 2019 rally in Home Depot stock. Source: Mihai_Andritoiu
Undoubtedly, cloud services companies like Okta (NASDAQ:OKTA) offer the most relevant products and platforms. With more organizations taking advantage of the connectivity and cost efficiencies that cloud functions provide, OKTA stock has witnessed a surge in buying interest. Source: Sundry Photography / Shutterstock.com That said, the industry is still relatively in its infancy. While early
Roku (NASDAQ:ROKU) appears unstoppable. It has pulled back modestly from its recent $176.55 per share record high. However, at about $165 per share, Roku stock has risen by almost 65% since its August earnings report. Source: Michael Vi / Shutterstock.com However, with the massive run-up in ROKU, the price looks to have moved far ahead
Struggling pharmacy retailer Rite Aid (NYSE:RAD) has shown surprising signs of life recently, as RAD stock has rallied an impressive 40% over the past seven trading days. That’s a big rally in a short amount of time. Indeed, it’s the biggest seven-day rally RAD stock has staged in the past five years. Source: Ken Wolter
Alibaba Group (NYSE:BABA) is either a case of the glass being half empty or half full. Although worries obviously abound for Chinese equities, the technicals of Alibaba stock can be viewed as solid. Source: BigTunaOnline / Shutterstock.com On Thursday, the U.S. markets all surged . The three major investment indices were all in the black.
After Aurora Cannabis (NYSE:ACB) sold its remaining 10.5% stake in cannabis supplier Green Organic Dutchman Holdings (OTCMKTS:TGODF) ACB stock was up, but only for a short while. Given time to think about it, traders ultimately decided Aurora Cannabis stock wouldn’t be worth any more without than with it. They may be right. Granted, the sale
Snap (NYSE:SNAP) stock has defied the predictions of many analysts, myself included, and made a comeback. The social media company has become more successful by offering new functionality and making its platform more useful to advertisers. Source: ArthurStock / Shutterstock.com However, SNAP stock price has slid in recent weeks, and worries about SNAP”s competition have
I’ve followed the cannabis space for a long time now, and in my years observing marijuana stocks, I’ve come to one very important conclusion: there are a lot of pot stocks out there, but only a handful of them will turn into long-term winners. Most of them will fall to zero in the long-run. Source:
Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) has become range-bound. Google stock has failed to gain traction over the last year. Despite double-digit profit growth, lawsuits and privacy concerns have left Alphabet stock unable to gain traction. Source: Valeriya Zankovych / Shutterstock.com To be sure, the company continues to innovate. Although it still derives the majority of its revenue
Over the last several years, Advanced Micro Devices (NASDAQ:AMD) has achieved a remarkable turnaround, and AMD stock has followed comfortably along. Source: Sundry Photography / Shutterstock.com Long considered an afterthought to Intel’s (NASDAQ:INTC) innovative leadership, the spirited semiconductor firm has been punching well above its weight. As a result, the AMD stock price over the
Nio (NYSE:NIO) stock continues to move backward. While often compared to Tesla (NASDAQ:TSLA), Nio stock has failed to gain the traction of its U.S.-based counterpart. Source: THINK A / Shutterstock.com While the car may review well, competition and mounting problems with the company create questions about whether the company holds much of a future. Nio
It was not a good August for General Electric (NYSE:GE) stock. Accountant Harry Markopolos, famous for blowing the whistle on Bernie Madoff, published a 175-page report, which alleged that GE had widespread fraud, including concealing $38 billion of losses. On the news, General Electric stock plunged 11%. Source: testing / Shutterstock.com But GE’s management swiftly
Canopy Growth Corporation (NYSE:CGC) just reported its Q1 2020 results, which gave CGC stock a bump, but still wasn’t what many investors were hoping for. Source: Shutterstock The company highlighted that the net revenue generated in the quarter was close to $91 million and that recreational dried cannabis sales increased by 94% over Q4 2019.
If its production numbers hold up, Tesla (NASDAQ:TSLA) looks like a viable car company. In the second quarter, TSLA announced delivery of 92,500 vehicles. This number not only beat analysts’ expectations, but beat the company’s own internal estimate for 90,966. The Model 3 also seems to have a strong audience in Europe. Strong numbers in