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Early Investors in EV Maker Canoo Are Cashing Out
It seems like only yesterday that electric vehicle (EV) maker Canoo Holdings Ltd. (NASDAQ: GOEV) debuted on the public markets following a reverse merger with blank-check company Hennessy Capital. The...
View ArticleEarnings Previews: Canoo, ExOne, Fisker, Tencent Music
The number of March quarter earnings reports we expect to see this week is right around 300. Traditional retailers will be out in force with the first-quarter results, along with an assortment...
View ArticleEarnings Hits and Misses for Tuesday, May 18
Here’s a quick look at several earnings reports that were released after markets closed on Monday or before Tuesday’s opening bell. ExOne Co. (NASDAQ: XONE) missed expectations on both the top and...
View ArticleWhat’s Up With Apple: New Hire at Apple Car, Feds Seized Dems Records and More
It’s been a while since there was any news from Apple Inc. (NASDAQ: AAPL) about the company’s interest in the auto business. That changed on Thursday with a report that the company has hired a 30-year...
View ArticleWednesday’s Wounded Meme Stocks: AMC, BlackBerry, Canoo
The poster child for skyrocketing meme stocks has got to be AMC Entertainment Holdings Inc. (NYSE: AMC). Shares have risen more than 800% in the past 12 months, including a 2,400% jump so far in 2021....
View ArticleWallStreetBets Picks Going Into Thursday
The broad markets pulled back on Wednesday after the Federal Reserve gave its outlook on the market. While the Fed might not be hiking rates anytime soon, there’s a path toward that after seeing the...
View ArticleThursday’s Moving Meme Stocks: AMC, Canoo, Cleveland-Cliffs, Nano Dimension
What goes up must also come down, they say. AMC Entertainment Holdings Inc. (NYSE: AMC) has reversed that Thursday, recovering nicely from a Wednesday decline of 6.5% with a noon-hour gain of more than...
View ArticleThursday’s Major Meme Stock Action
The Nasdaq climbed nearly 1% on Thursday as the result of a strong push from tech stocks. However, the Dow Jones industrial average and S&P 500 lagged, each posting a loss on the day. Many of these...
View ArticleMidday Meme Stock Report for 8/17: AMC, Canoo, Meta Materials, Microvast
Meme stock winners were pretty scarce in Tuesday morning trading. All three major indexes traded in the red by at least 1% in the noon hour, so that the popular meme stocks also were being whacked is...
View ArticleMidday Meme Stock Report for 8/23: AMC, BlackBerry, Canoo, Meta Materials
The U.S. Food and Drug Administration on Monday gave the Pfizer-BioNTech COVID-19 its full approval. More than any other Monday headline, this one raises hopes for more economic growth because there...
View ArticleMidday Meme Stock Report for 8/24: Canoo, GameStop, Naked Brands, Robinhood
As a group, meme stocks were tracking the overall market higher at the noon hour Tuesday. Unusually, there seems to be some news behind the share price moves. Before we get to that, a new...
View ArticleMidday Meme Stock Report for 8/26: AMC, Canoo, GameStop, Meta Materials
The three major U.S. indexes were giving back some of the gains they put up on Tuesday and managed to hold onto Wednesday. The second estimate of second-quarter gross domestic product growth came in at...
View ArticleMidday Meme Stock Report for 9/8: Canoo, Clover Health, Meta Materials, Vinco...
The major market indexes all traded down at the noon hour Wednesday, and only a few meme stocks were beating the pattern. The big mover was a company that filed a preliminary proxy statement in the...
View ArticleMeme Stock Movers for 9/24: Aterian, BlackBerry, Camber Energy, Canoo, TMC,...
Friday promises to be a tough day for bitcoin and other cryptocurrency investors. The People’s Bank of China (PBOC), the country’s central bank, has declared that all transactions involving...
View ArticleMidday Meme Stock Report for 9/24: Camber Energy, Canoo, Cellect Bio, Naked...
Tech stocks were holding down the Nasdaq Composite index Friday morning, while the Dow Jones industrials and the S&P 500 traded just fractionally below the break-even line. The 10-year Treasury...
View ArticleMeme Stock Movers for 9/27: Camber Energy, Canoo, SmileDirectClub, TMC
Major market indexes closed last week up a bit, led by energy (up 34.7%) and financials (2.2%). Monday’s futures market showed the Dow Jones industrials up about 0.2% while the S&P 500 and Nasdaq...
View ArticleMidday Meme Stock Report for 9/27: Camber Energy, Canoo, Meta Materials,...
The broad markets were mixed at midday on Monday. The Nasdaq Composite traded down about 0.7% and the S&P 500 traded down about 0.2%. The Dow Jones industrials traded up about 0.5%. Gainers...
View ArticleMidday Meme Stock Report for 10/28: Canoo, Lucid, Plug Power, Tesla
All three major indexes traded in the green at lunchtime Thursday, led by the Nasdaq Composite, up about 1%. Trading volume was higher than usual, and advancing stocks outnumbered decliners. Weekly...
View ArticleHow Rivian’s IPO Drove EV Stocks Higher Thursday
The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving...
View ArticleMidday Meme Stock Report for 11/16: Canoo, Lucid, Pine Island, Progenity
All three major U.S. stock indexes were up at least 0.5% in the noon hour Tuesday. The Dow Jones industrials got off to a big start, following earnings reports from Home Depot and Walmart. The initial...
View ArticleMeme Stock Movers for 11/17: Camber Energy, Canoo, Progenity, Tesla
All three major U.S. stock indexes closed higher Tuesday, led by the Nasdaq (up 0.8%) thanks to a 1.1% uptick in the tech sector. All three remain in close proximity to all-time highs, but the Dow...
View ArticleMidday Meme Stock Movers for 11/18: Camber Energy, Clover Health, Lucid,...
Losers outnumbered winners by about 2 to 1 in Thursday morning’s trading. Consumer discretionary stocks (including retailers) traded up by about 1.5%, and tech stocks traded up about 0.9%, the only two...
View ArticleMidday Meme Stock Movers for 11/22: Camber Energy, Canoo, Rivian, TMC
In the noon hour Monday, the Dow Jones industrials and the S&P 500 held on to modest gains, while the Nasdaq had turned negative after posting a new intraday high. President Biden’s nomination of...
View ArticleMeme Stock Movers for 11/23: Canoo, GameStop, Progenity, 23andMe
U.S. markets closed mixed on Monday, after reflecting further on President Biden’s nomination of Fed Chair Jerome Powell for a second term. The initial reaction was positive and share prices mostly...
View ArticleMidday Meme Stock Report for 11/30: AMC, Canoo, ContextLogic, GameStop,...
All three major equity indexes traded down by nearly 2% in the noon hour Tuesday, and all 11 sectors were lower as well. Communications services (down 2.8%) and energy (down 2.4%) were hit particularly...
View ArticleMidday Meme Stock Report for 12/13: AMC, ARK Innovation ETF, Canoo, GameStop
All three major U.S. stock indexes traded lower in the noon hour Monday, with the tech-heavy Nasdaq down the most with a decline of around 1.15%. The aggressive spread of the Omicron coronavirus...
View ArticleMeme Stock Movers for 12/16: AMC, Canoo, IronNet, Plug Power and Reddit IPO
Investors received an early Christmas gift from the Federal Reserve on Wednesday. The announced decrease in asset purchases was expected, as was a signal that rate hikes are coming next year. Fed Chair...
View ArticleFriday’s Top Analyst Upgrades and Downgrades: Bank of New York, Canoo, Cigna,...
The futures were down across the board Friday, after a risk-off Thursday that saw the Nasdaq get crushed. With the Federal Reserve laying out its plans for interest rate increases, including three now...
View Article5 Stocks to Buy Under the Christmas Tree and Under $10 With Huge Upside...
While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the...
View ArticleMidday Meme Stock Report for 1/4: AMC, Canoo, Ocugen, Reliance Global
U.S. stock markets have been unable to hold on to early gains. The Nasdaq Composite could not hold onto a small gain for even five minutes of trading and recently traded down about 1.5% for the day....
View ArticleEarnings Previews: Blink, Canoo, Lucid, Luminar, Velodyne Lidar
Electric vehicles (EVs) had a big year in 2021. Beginning with a SPAC merger that created Lordstown Motors in late October of 2020, stock prices jumped in the first couple of months of 2021, sank again...
View ArticleHas BofA Securtities Picked a Winner Among 9 Automaker Stocks?
While there are differences among financial analysts and industry analysts about just how much trouble the auto industry is in this year, nearly everyone agrees automakers will sell fewer new cars in...
View ArticleEarnings Previews: Canoo, Nu Holdings
In early trading on Friday, the Dow Jones industrials were up 0.15%, the S&P 500 up 0.26% and the Nasdaq 0.23% higher. After U.S. markets closed on Thursday, Faraday Future reported a diluted net...
View ArticleMorning Blast: A $3 Trillion Company; a Boomlet in EV Stocks
Premarket action on Friday had the three major U.S. indexes trading higher. The Dow Jones industrials were up 0.33%, the S&P 500 up 0.43% and the Nasdaq 0.55% higher. A reminder that U.S. equity...
View ArticleEarnings Previews: Canoo, Home Depot, Sea Limited, Tencent Music
After U.S. markets closed on Thursday, IonQ reported a wider-than-expected loss per share while posting revenue of $5.52 million, nearly 27% higher than the consensus estimate and more than double the...
View ArticleWhich EV Maker Is Going Bankrupt Next?
Fisker has filed for bankruptcy, highlighting the ongoing struggles in the EV market, despite notable successes like Tesla’s (NASDAQ: TSLA) Model Y. Other EV companies, including Lucid (NASDAQ: LCID)...
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