The stock market stallions
Coinbase Global (NASDAQ:COIN) made waves on Wallstreet last month after the completion of its initial public offering. The company operates a cryptocurrency exchange platform which allows investors to buy, sell and store cryptocurrencies. Coinbase boasts over 56 Million users and generated $1.14 Billion in revenue as of 2020, a 136% YOY improvement from 2019.… Read more
Fisker (NYSE:FSR) has seen a volatile month of trading, declining 30%. Fisker initially peaked investor interests early last year, after the company announced its intentions to merge with Spartan Energy Acquisition (SPAQ). In addition, the merger was one of the most talked about SPAC propositions in 2020.… Read more
Ford Motor Company (NYSE: F) has performed particularly well over the past year, gaining 125%. Bulls in particular, are confident Ford stock will continue to prosper as Wallstreet continues to back the Electric Vehicle movement. Furthermore, investors have rallied behind the company as they announced they will be investing $29 Billion in EV and autonomous vehicles.… Read more
Social Capital Hedosophia Holdings V Corp (NYSE: IPOE) is peaking interest amongst investors as it closes in on its merger with finance giant SoFi. This merger marks just one of the six SPAC ventures owner Chamath Palihapitiya is pursuing in 2021. The merger news was first announced in early January, driving the stock price up 57%.… Read more
Social Capital Hedosophia Holdings Corp VI (NYSE:IPOF) is rumoured to be in talks with luxury fitness brand Equinox Holdings regarding a merger opportunity, according to a Bloomberg report. The report notes the transaction could value the combined company at $7.5 Billion or more. IPOF stock slightly dipped on the news however the stock remains relatively flat.… Read more
PayPal (NASDAQ: PYPL) stock has outperformed over the past year of trading, now up 117%. The recent introduction of cryptocurrency and buy now pay later (BNPL), has positioned PayPal at the forefront of the payment revolution. Not to mention, the rise in online business is sending PayPal merchant fee revenue through the roof.… Read more
Plug Power (NASDAQ:PLUG) stock made waves on Wallstreet last year, posting an impressive 538% gain. However, in 2021 the company has struggled to maintain this growth, now down 23% YTD. In saying this, Plug Power does offer investors a unique investment opportunity within the hydrogen energy industry.… Read more
Vaxart Inc (NASDAQ: VXRT) stock has seen a recent spike in investor confidence, gaining 90% over the past week. Vaxart has developed an oral vaccine for COVID-19 which has vastly differentiated itself from the competition. A recent study by Quadrant Strategies has shown that one third of people refusing to be vaccinated for COVID-19, would take an oral vaccine as an alternative to an injection.… Read more
Paysafe (NYSE:PSFE) recently completed a reverse merger with SPAC company Foley Trasimene Acquisition Corp II. The combined company debuted on the NYSE on the 31st March. Since then, the stock has been trading relatively flat, only up 2% since listing. Paysafe offers payment solutions and merchant services similar to that offered by Square or Stripe Payments.… Read more
Tesla stock (NASDAQ: TSLA) has continued its stellar run this year as the tech innovator continues to dominate the growing EV industry. Tesla’s stock price has risen 361% over the past year. Making it Tesla’s best performing trading period since its initial listing on Wallstreet. With such positive stock growth over the past year, investors are now questioning what to expect for the next 12 months.… Read more
The Beachbody Company announced in early February its intentions to merge with both Forest Road Acquisition Corp. (NYSE: FRX) and Myx Fitness in a three way merger. The merger will result in the combined company trading on the NYSE under the ticker “BODY”. Upon completition of the merger, Beach Body Company will be the parent company of Beachbody On Demand (BOD), Openfit and Myx.… Read more
Nio Inc – (NYSE: NIO) has had a stellar year of trading, outperforming investor and analyst expectations. NIO stock has gained 1,176% over the past 12 months, cementing its name as one of 2020’s best performing stocks. In addition, the Chinese EV manufacturer managed to deliver over 20,000 vehicles in the first quarter of 2021.… Read more
Ocugen Inc (NASDAQ: OCGN) is a US based bio-pharma which has focused on developing a cure for blindness disease. However, the company has since shifted its efforts to develop a COVID-19 vaccine with partner Bharat Biotech. On April 21, Bharat Biotech released their second interim results boasting a 78% efficacy after the second dose.… Read more
Northern Genesis Acquisition Corp (NYSE: NGA) announced on November 30 that they have entered an agreement to merge with EV manufacturer Lion Electric. The merger adds to the vastly growing list of EV innovators jumping on board the SPAC train to raise much needed capital. The NGA merger is close to completion with the shareholder meeting on the 23rd April 2021.… Read more
The SPAC company Churchill Capital Corp IV (NYSE: CCIV) gained traction on Wallstreet after announcing their intentions to merge with EV company Lucid Motors. Lucid Motors has captivated investors after noting their ambitions to take on EV giant Tesla. Interestingly, Lucid Motors CEO Peter Rawlinson had spent time as an engineering executive at Tesla prior to launching Lucid Motors.… Read more
Clover Health Investments Corp (NASDAQ: CLOV) has seen a swift uptrend in investor sentiment over the past week. Clover is the fastest growing Medicare Advantage insurer in the United States. The company serves more than 58,000 members in 34 counties and 7 states within the United States.… Read more
Lordstown Motors (NASDAQ:RIDE) ticker officially debuted on Wallstreet in October 2020 after the completion of its reverse merger with DiamondPeak Holdings (SPAC). The company received $675 million from the SPAC in funding to bolster their manufacturing and distribution of their EV Pickup truck model “Endurance”. Since the merger, the stock has followed a downward trend now currently trading at par with its PIPE price at $10 a share.… Read more
Palantir Technologies (NYSE: PLTR) has seen an incredible debut on Wallstreet. The stock has climbed 140% since listing, far exceeding analysts expectations. Palantir specialises in big data analytics, in particular within the realm of law enforcement and surveillance. Since listing, Palantir has announced multiple large scale Government and Corporate partnerships.… Read more
Romeo Power (NYSE:RMO) has been in the spotlight this week after the company announced a 5 year supply deal with EV manufacturer, PACCAR. The company officially began trading on the 30th of December 2020, following the completion of its reverse merger with RMG Acquisition Corp. Romeo stock has seen a steady decline since its debut, following the majority of the SPAC EV sector over the past 2 months.… Read more