Lordstown Motors (NASDAQ:RIDE) ticker officially debuted on Wallstreet yesterday after the completion of its reversed 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”. Lordstown Motors gained national attention after President Trump had viewed the pick up truck […]
Category Archives: Financial Fundamentals
How to invest in the US stock market from Australia?
The US stock market is host to the best performing market indices across the globe. The US market is made up of two large exchanges, of which buyers and sellers can trade shares in US listed companies. The NASDAQ and NYSE are host to some of the largest corporations in the world, of which own […]
SHLL closes in on merger date with Hyliion – here’s what you need to know
Tortoise Acquisition Group (NYSE: SHLL) has made a name for itself on Wallstreet this year as they plan to merge with EV truck innovator Hyliion. SHLL has surged 343% over the past quarter, as the merger date moves closer to finalisation. Over the past few days of trading, SHLL stock dipped sharply as the EV sector […]
Cassava Sciences surges 148% on final phase 2 results
Cassava Sciences (NASDAQ:SAVA) held a conference this morning announcing promising Phase 2b trial results in treating patients with mild-moderate Alzheimer’s Disease. The company uses the drug Sumifilam to treat AD by reducing neurodegeneration and neuroinflammation. The results announced via conference call concluded that the data shows a promising increase in cognitive bio-markers within AD patients – an […]
When will SPAQ become Fisker – here’s what you need to know
Spartan Energy Acquisition Corp (NYSE: SPAQ) is rallying up the bulls as we inch closer to the SPAQ Fisker merger. Investors are expecting to ride the bullish undertone in the lead up to the merger. However, below the surface, a SPAQ Fisker investment is exhibiting risks that investors must know. Thus, today’s article will explain […]
Robinhood traders lose 50% on Nikola Motors – Does YIG see value?
Nikola Motors’ (NASDAQ: NKLA) meteoric rise sucked in an enormous amount of Robinhood investors, professional investors, and criticism. Many investors are in no man’s land as the future direction of Nikola remains uncertain. Some investors are championing the shorting route, while others believe in that Nikola Motors is just suffering a setback. Thus, today’s article […]
54,000 Robinhood traders bought Rocket Companies on Friday – Does YIG see value ?
Mortgages are more than just a loan from a bank, they represent people’s hopes and dreams. Customers reward the businesses who satisfy the needs of mortgagors the best with truckloads of cash, which brings us to this week’s stock Rocket Companies (NYSE: RKT). Rocket companies is an online mortgage and car loan lender. The business […]
Google signs $450 million home security deal with ADT – here’s everything you need to know
Despite Google’s (NASDAQ: ALPHABET) monstrous size, they are always looking for new markets to tap into and dominate. Yesterday the tech giant grew its market foothold in the home security space after investing $450 million into ADT. ADT supplies secuity for residential and small businesses throughout America. The partnership triggered a buying frenzy on Wallstreet […]
SHL acquires Varian Medical Systems to create a gigantic US cancer company – here is everything you need to know.
Varian Medical Systems (NYSE: VAR) grabbed the stock market microphone to announce that it will be bought out by the German technology behemoth Siemens Healthineers. Some investors might view the transaction as one company swallowing another. However, the acquisition marks a quantum leap in the cancer fight. Considering cancer treatments are the crown jewels of […]
TNXP set to fill an unmet COVID-19 need – here is everything you need to know.
Tonix Pharmaceuticals (NASDAQ: TNXP) is gaining significant investor backing after releasing a COVID-19 announcement. TNXP stock price instantly surged. It’s no secret, COVID-19 press releases are the wallet magnets of the stock market. However, the share price movement of Tonix is unique. Mainly because TNXP did not gap up by an astronomical amount. Leaving many […]
SHLL surges 60% off EV merger announcement – could you profit off shorting the speculation?
Tortoise Acquisition Corp (NYSE: SHLL) is acting like a magnet to robinhood investors as the stock surged 60% in a few days. The imminent merger between Hyliion incorporated and SHLL caused the volcanic eruption on wall street. While the merger sounds promising, some investors question the validity of the bullish move. Leaving many investors at […]
Why did Split It payments rise over 100% today – should you ride the wave or short?
Why did Split It payments rise over 100% today – should you ride the wave or short?
The Financially Savvy – connecting investors through instagram
Hello everyone, I am a day trader, equity investor and the proud founder of @thefinanciallysavvy, an Instagram page dedicated to enriching lives worldwide by spreading and reinforcing financial education. Here’s the short story of how I turned my hobby into my passion. My first encounter with the financial markets probably resembles yours. Have you ever […]