Archives for September 2020

September 2020 - Money Morning - Only the News You Can Profit From

Deliveroo IPO: Everything You Need to Know

The UK-based online food delivery company, Deliveroo, could IPO as early as next year.

If you haven't heard of this company yet, that's probably because it only operates overseas.

But Deliveroo is actually the third largest food delivery app in the UK, after Just Eat and Uber Eats.

And you want to pay attention now because it could deliver massive returns to investors who do know about it before the stock IPOs.


Palantir v. Asana: Which Stock Is the Better Buy Now?

Two of the most highly-anticipated tech IPOs in 2020 began trading on the New York Stock Exchange Sept.

30 (Wednesday).

Palantir (NYSE: PLTR) and Asana (NYSE: ASAN) both went the direct listing route, which means they made existing shares tradeable on the public market rather than creating new ones.

Palantir and Asana are both seen as Silicon Valley “unicorns”, but there are stark differences between the two, as far as what they do, how developed they are, and which is the better buy for investors.



What Tesla’s Lithium Play Means for Electric Vehicle Stocks

Coming off the heels of Tesla’s (NASDAQ: TSLA) “battery day,” the company has inked a five-year fixed price binding agreement to buy lithium from Australian miner Piedmont Lithium (NASDAQ: PLL).

This helped lithium stocks rally on Monday with Piedmont trading up over 200% and Lithium Americas (NYSE: LAC) and others trading in lock step.

Fortunately there’s a better way to profit.

A way that lets you cash in on this exciting industry without the risk of backing the wrong horse.

Right now, the infrastructure for electric vehicles is far from built out like the 168,000 gas stations across the country and that is why I’m looking at this pick and shovel play that could be one of the biggest opportunities in EV stocks right now.



Why Hyliion Stock Is a Better Buy Than Nikola

Hyliion stock will begin trading on the New York Stock Exchange Friday, Oct.


The company is merging with Tortoise Acquisition Corporation (NYSE: SHLL) after a vote by SHLL shareholders on Monday, Sept.


Tortoise Acquisition is up 370% since its IPO in June, from $10 to $47.

The Hyliion reverse merger is big news in the SPAC world, only weeks after Nikola stock fell from grace.

Initially, Nikola traded for $73, but it has since dropped to $19 after rumors of fraud by CEO Trevor Milton.

This might have many investors second-guessing electric vehicle stocks – and the whole Special Purpose Acquisition Company (SPAC) model of investment.

But just because Nikola appears to be a dud right now, does not mean there aren't still huge opportunities for stocks in this field.

Hyliion is quite a different animal from Nikola in almost every respect.

Today, you're going to see why and whether or not you should buy it.


How to Hedge This Market with Options Trading

If you think that trading options is not for you, think again.

Set aside all the stories you may have heard about high rollers and market gamblers who bet the farm on whatever the next big thing might be.

The truth is that options can be part of a conservative investment strategy.

That's right – conservative.

You can use options to hedge your portfolio against losses or you can take advantage of a market pullback without having to sell your stocks and incur possible tax consequences.

Here's how...