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Nvidia stock was trading higher in early US price action today and hit its new 52-week highs. The stock is among the top 30 S&P 500 gainers in the year and more gains could be on the card for investors. Nvidia stock was among the top S&P 500 gainers in 2020 also and is among…
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Intel stock was trading sharply lower in the US early price action today as markets gave a thumbs down to its quarterly earnings and guidance. Should you buy the dip in Intel stock? Intel’s second-quarter earnings were ahead of analysts’ estimates for both the topline as well as the bottomline. Its non-GAAP revenues increased 2%…
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Lordstown Motors (RIDE) stock has had a turbulent ride over the last year. In the latest turn of events, the US Department of Justice (DOJ) is said to be investigating the company. Lordstown Motors went public in 2020 through a SPAC (special purpose acquisition company) merger. It was spun out of Workhorse Motors and gets…
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Virgin Galactic stock was trading sharply higher in early US trading today after the company announced an FAA (Federal Aviation Administration) approval for its space mission. “The adjustment to Virgin Galactic’s operator’s license, which the Company has held since 2016, marks the first time the FAA has licensed a spaceline to fly customers. It is…
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Lordstown Motors stock was trading sharply lower in early US price action after its key executive abruptly resigned. Lordstown CEO Steve Burns and CFO Julio Rodriguez have resigned with immediate effect. The company said that “Lead Independent Director Angela Strand has been appointed Executive Chairwoman of the Company, and will oversee the organization’s transition until…
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Canoo stock rose over 20% yesterday and was sharply higher in US premarket trading today. The stock is among the top 10 popular names on Reddit group WallStreetBets. Canoo went public in 2020 in what was a red-hot year for green energy companies. All the green energy companies saw a rerating in 2020 as markets…
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There has been a sell-off in growth names and almost all the SPACs (special purpose acquisition companies) have fallen hard. Social Capital Hedosophia Holdings (IPOE), a SPAC sponsored by Chamath Palihapitiya has also fallen sharply but has recovered from the lows. IPOE will merge with fintech company SoFi. It has kept 27 May as the…
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Sundial Growers stock was up sharply in US premarket trading today after it reported its first quarter earnings which showed that the cannabis company turned positive on the EBITDA level. Sundial Growers reported gross revenues of $11.7 million in the quarter which were 29% lower than what it had posted in the corresponding quarter in…
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Tilray and Aphria have completed their merger that would create a marijuana powerhouse. What lies ahead for Tilray after its merger with Aphria? The merger between Tilray and Aphria, which was announced last year, has been structured as a reverse merger as Tilray acquired Aphria, which was the larger between the two companies. While Aphria…
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Churchill Capital IV (CCIV) stock has fallen sharply even since it announced a reverse merger with Lucid Motors. The SPAC (special purpose acquisition company) looks shaky ahead of the merger. CCIV stock was once trading at a premium of almost 550% over the IPO price of $10. None of the other major SPACs traded at…
