Should you invest in the upcoming TikTok IPO? It might sound like the next Facebook, but there are plenty of questions swirling around this social media app.
Archives for September 2020
September 2020 - Page 4 of 12 - Money Morning - Only the News You Can Profit From
Stellar Lumens (XLM) is the native cryptocurrency of the Stellar network, a blockchain platform that allows the exchange of digital to fiat currency.
Investors are often attracted to penny cryptocurrencies such as XLM because they offer an inexpensive way for new investors to get started investing in crypto, while at the same time offering potentially huge profits to experienced traders who can anticipate the next big upward swing and properly time their investment.
In order to maximize profits on any cryptocurrency, it is important to know how and why the coin was developed, the coin’s price history, and what makes it stand out in the crowded field of alt coins.
Today, we’re looking at the allure of Stellar Lumens (XLM) and why it could be a worthwhile addition to your portfolio.
The Dow Jones now is up after the House of Representatives passed a spending bill to prevent a government shutdown.
The bill will now go to the Senate ahead of the September 30 deadline.
The bill will fund the government through December 11, helping to prevent a shutdown ahead of the November election.
Read on for more of what’s moving the Dow today.
Nikola Corp. saw its stock gain 3% yesterday – despite still being in the middle of a major fiasco.
As I told you last week, Nikola has been dealing with legal issues regarding a slew of fraud allegations. And while the company was thoroughly investigated and mostly cleared, the investigation's impact is still playing out.
The biggest loser happens to be Nikola's founder and chair, Trevor Milton. It was announced on Monday that the founder voluntarily resigned – 10 days after short-selling firm Hindenburg Research released a report claiming Nikola was an "intricate fraud."
Milton's resignation only further spooked already-shaken investors, and the stock plunged nearly 30% in premarket trading on Monday. While Nikola had a backup plan already in place – including adding Stephen Girsky, former vice chair of General Motors and a member of Nikola's board, as chair of the board, effective immediately – investors still piled selling pressure onto the stock.
Now, while Milton has stepped away, he's nowhere near done. Here's what the young founder had to say…
"I asked the Board of Directors to let me step aside from my roles as Executive Chairman and as member of Nikola Board of Directors. The focus should be on the company and its world-changing mission, not me. I intend to defend myself against false allegations leveled against me by outside detractors."
But regardless of whether Milton "clears his name" or not, Nikola is still in a tough spot. And it's going to be one that's hard for the company to bounce back from – especially as the stock continues to move down.
So, while the new low price tag on NKLA might seem attractive, I'm not going for it. There's a much better move you can make to keep your portfolio safe and profit from this scenario… Full Story
TRON (TRX) is a cryptocurrency that made its initial coin offering (ICO) in 2017 and quickly became one of the top 10 cryptocurrencies in the world.
Its fast rise in terms of market capitalization has made TRON price predictions a popular discussion point among crypto enthusiasts and investors.
Adding to the interest in TRX is the fact that its developer, Justin Sun, was both the chief representative for Ripple (XRP) in China and the protégé of Jack Ma – the founder of Alibaba.
Available to purchase for only a few cents per coin, TRX is a penny cryptocurrency that attracts both investors new to cryptocurrency who are looking to dive in with little risk as well as long-time crypto supporters familiar with Sun’s history.
Before investing in any cryptocurrency, it is important to be aware of its history, its price fluctuations, and what makes it different from other coins.
Today, we’ll break down what makes TRON such an appealing altcoin and why you might want to consider adding it to your portfolio.
We're entering the home stretch of the weirdness that is 2020, still with a wild election ahead.
And there are still are some high-upside penny stocks to buy before the election if you want to start 2021 on the right foot.
Let's take a look at the three best penny stocks to own as the election season takes place.
The streaming wars are raging, and investors are starting to sense the opportunity behind this exciting trend.
(NASDAQ: NFLX), Walt Disney Co.'s (NYSE: DIS) Disney Plus, Hulu, Apple Inc.'s (NASDAQ: AAPL) Apple TV Plus, Comcast Corp.'s (NASDAQ: CMCSA) Peacock, and Viacom's (NASDAQ: VIAC) CBS All Access are just a few of the many connected TV (CTV) services vying for supremacy.
Will Disney Plus take away business from Netflix? Will Apple put more weight behind Apple TV Plus? Does Comcast go all in on Peacock? I admit, I would like to know the answer to these questions, but without a crystal ball, no one can tell the future.
But one thing I do know is that CTV is here to stay.
It has been made clear by the companies I've just listed.
The Dow Jones today faces a struggle with the possibility of another COVID-19 shutdown across Europe.
On the bright side, shares of Amazon.com Inc.
(NASDAQ: AMZN) saw an increase of 2% as the NASDAQ started to bounce back from last week's losses.
Much is still in question about the future as we wait for today's Fed statement.
More on these stories…
One of the starkest lessons of the global novel coronavirus pandemic is the need for medicine to start looking at existing drugs and procedures in a new way.
We've already seen the benefits of such an approach. The discovery that remdesivir and dexamethasone – an antiviral and a steroid – could both help save severely ill COVID-19 patients' lives springs right to mind.
But adapting the old to fight the new isn't just limited to drugs. Existing medical technology ("medtech") is being used in entirely new ways, or in situations that would've been unthinkable just 10 or 12 months ago.
That's why today I want to talk to you about two compelling companies behind a radical, aggressive therapy that can deliver a "one-two punch" for coronavirus patients who might've otherwise died… Full Story
15, 2020 was the much anticipated JFrog IPO.
The stock began trading on the Nasdaq at $44 and gained around 50% for the day.
This was the same day as the Snowflake IPO.
It was called "the biggest software IPO of all time" byCNN.
That stock more than doubled from its IPO price.
If Snowflake hadn't happened, you'd probably be hearing more about JFrog.
Next to the Snowflake IPO, it has been one of the more talked-about "unicorn" IPOs of 2020.