Archives for April 2021

April 2021 - Page 8 of 8 - Money Morning - Only the News You Can Profit From

Why the WeWork SPAC Deal Is Still Not a Buy

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The IPO flubbed, and WeWork will now try to go public a different way.

What's changed? This company will be under a different kind of management, called a special purpose acquisition company.

Yes, they are jumping on the SPAC train.

A WeWork SPAC deal is especially interesting since the 2019 WeWork IPO became one of the biggest disappointments of the decade.

It was one of the largest real estate companies in the world, valued at $47 billion, before cutting its valuation to $10 billion and withdrawing its IPO bid.

Here's how the SPAC deal is going down, and whether or not WeWork stock is a buy.

Why Sea Limited Stock Is Still a Buy Right Now

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It might not seem like it, but this is the perfect time to be buying tech stocks.

And Sea Limited stock is one of the best opportunities out there.

Over the last month tech growth stocks have taken a major hit with companies like Tesla down 30% and Roku down 35%.

A big part of this is attributed to the rising 10-year treasury yield towards 2% and investors moving money back into stocks that will benefit the most from an economic rebound.

In other words, the tech selloff had little to do with the sector or the companies.

This led to many stocks getting thrown out with the bath water and has created a perfect opportunity to find great technology stocks on sales.

This is why I am coming back to one of my favorite stocks, Sea Limited...