Stock Market Stallions
Atlas Crest Investment Corp (NYSE: ACIC) announced its intention to merge with Urban Air Mobility company Archer. The news of the merger sent ACIC stock surging over 20% to a 52 week high of $15.75. The SPAC merger is expected to provide the merged company $1.1 billion of gross proceeds to fund future growth.… Read more
XL Fleet Corp (NYSE: XL) has closed out its first official month trading on Wallstreet, after completion of the SPAC merger with PIC. The stock is down 6% in the past 30 days, with XL Fleet investors experiencing a rollercoaster of volatility. The stock peaked at $35 a share in late December however analysts are confident the stock will see the $30 margin again in 2021.… Read more
Workhorse Group Inc (NASDAQ: WKHS) posted an impressive week of trading, gaining over 45%. The company designs and builds performance battery-electric vehicles and aircraft, along with cloud based, real-time telematics performance monitoring systems. Investors have rallied around the Ohio EV manufacturer, with a game changing $8.1 Billion contract from USPS on the horizon.… Read more
FuboTv Inc (NYSE: FUBO) created ripples on Wallstreet last week after the company announced its plan to acquire sports betting and interactive gaming company Vigtory. The news sent the stock surging 20% higher with hopes the company will launch its sport book by the end of the fiscal year.… Read more
Quantumscape Corp (NYSE: QS) has entered headlines on Wallstreet over the past three weeks after the stock tumbled 57%. The stock went into free fall over the New Year period before finding a new equilibrium at $56.79 a share. Following the sharp decline, CEO Jagdeep Singh affirmed his confidence that the volatility was related solely on supply and demand factors and not a concern for the business.… Read more
Roku Inc (NASDAQ: ROKU) has seen a remarkable gain in investor confidence in 2020. Evidently, the Roku stock price has surged over 162% in the past six months of trading. The companies stock hit all time highs late last week after they announced their deal with AT&T’s HBO Max.… Read more
NVIDIA Corporation (NASDAQ: NVDA) has provided investors a golden opportunity in 2020 for steady growth. The companies share price has gained 132% in value in 2020 alone. The tech giant manufactures Graphic Processing Units (GPU) for Gaming and specialised markets. With such positive growth, analysts have weighed in and the 12 month outlook may surprise you.… Read more
Pivotal Investment Corporation II (NYSE: PIC) announced on Tuesday they will be holding an annual meeting on December 21 for shareholders to vote on the proposed merger with XL Fleet. The shareholder vote is one of the last steps in the lengthy merger process. In addition, both companies will merge under the one ticker, NYSE:XL.… Read more
Salesforce.com, inc. (NYSE: CRM) announced yesterday the acquisition of Slack Technologies (NYSE: WORK). Since rumours first broke of the announcement of the acquisition, Slack shares bounced from $29 to $40 a share. The definitive agreement marks an estimated enterprise value of $27.7 billion based upon Salesforce’s current trading price.… Read more
Nio Inc – (NYSE: NIO) has continued to outperform analysts expectations this year as the Chinese EV continues to deliver strong revenue growth. The companies stock price has seen a remarkable gain of 2,500% over the past year. The trading activity has seen a spike in recent days after the Q3 earnings announcement alongside the bullish BOA analyst upgrade.… Read more
Palantir Technologies (NYSE: PLTR) has surged by 16% on Friday as investors continue to rally behind the big data specialist. The company made headlines on Wallstreet as it completed its long awaited IPO on September 30th. The stock price staggered at $10 throughout October after its debut on the NYSE.… Read more
Hyliion (NYSE: HYLN) stock has been on a downward trend losing 54.64% in value over the past month. The sell off incurred shortly after the SPAC merger was finalised on the 28th of September. Hyliion hasn’t been the only EV listed company who has seen short selling.… Read more
NIO (NYSE: NIO) has continued its bullish path throughout 2020, with the stock gaining an eye watering 2008.97% YTD. NIO’s bullish investor sentiment this year has outweighed majority of its smaller competitors. The “Tesla of China” is driving significant growth in the EV industry, particularly in the Asia Pacific region which has intrigued investors in the US.… Read more
In a social media-driven world it should not shock you that the bulls are cheerleading a strong 2021 run for Snapchat. The contagious photography platform is expanding its customer base during the pandemic, which is pleasing to investors in terms of financial growth. While the bulls are telling a story of bodacious financial, customer, and share price growth come 2021, an investment does hold risk.… Read more
Workhorse (NASDAQ:WKHS) took a 15% hit last week as the EV industry including Tesla struggled to gain any traction on Wallstreet. The stock corrected from its standing equilibrium at $23-24 to $19.20 with no associated news. Workhorse has since rebounded above the $20 mark however continues to experience unusually low volumes suggesting a large bounce is unlikely this week.… Read more
To say PayPal (NASDAQ: PYPL) is on a rocket would be an understatement. The recent introduction of cryptocurrency and buy now pay later positions 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
Fisker is dividing wall street. On the one hand, the merger confirmation and promising prospects are making investors bullish. Contrast that to the bearish argument where investors see Fisker replicating Nikola’s downfall as opposed to Tesla’s meteoric rise. This article looks to breakdown the Fisker stock forecasts from both the bullish and bearish sides.… Read more
NIO (NYSE: NIO) is emerging from the EV crowd and onto the podium as investors call the company “the Chinese Tesla”. The remainder of 2020 is packed with bullish catalysts. These include the unveiling of the EE7, Q3 earnings, month on month delivery updates, and continued talks about European expansion.… Read more
Nikola Motors (NASDAQ: NKLA) is a volatility seesaw. Today’s positive press release saw Nikola bulls fling the bears into the air. However, alarming criticisms from Hindenburg research, sexual allegations against Trevor Milton, and a GM fallout could see the bears regain control of the seesaw. Thus, today’s article will look to break down and simplify the bearish and bullish Nikola stock forecasts.… Read more