The hits just keep on coming for Lordstown Motors (NASDAQ: RIDE).
Lordstown Motors stock was one of the hot stories of 2020 as the electric truck maker came public via a merger with a Special Purpose Acquisition Company (SPAC).
They were going to revolutionize the market for electric trucks, and the future was full of battery-powered awesomeness.
Everything looked rosy.
Lordstown motors stock soared 190% after the SPAC merger last year.
However, a few small problems have tanked the stock all the way back down...
by Mike Stenger
The five-year outlook for Tesla Inc.
is bullish, and the reason might surprise you.
Yes, the Tesla cars are great, the branding is great, and the company has managed to infiltrate foreign markets with ease.
But its greatest advantage in the EV market is yet to be tapped.
There’s still one critical pandemic shortage that’s not only recovered, but has only gotten worse: Semiconductors.
That’s why the government’s preparing to spend billions to help solve the supply shortage in the sector.
And one firm’s in a really good position for savvy investors to capitalize on this scenario… .
A change in D.C. is the perfect time to make sure your investing and trading posture is lined up with trends the government really drives with the federal budget and new policy.
Or, if you want to put it another way, when $4.8 trillion starts talking, it pays… a lot… to listen.
Earlier this week, President Biden committed to taking the entire federal fleet "green" with electric vehicles, or EVs – American-made EVs, to be precise.
Big slices of the private sector have been making similar moves for a year or two now, moving to EVs or "clean-ish" natural gas power, so really, this is Uncle Sam playing catch-up. In the long run, it is cheaper and they do reduce harmful emissions, and it jives with the Biden administration's stated "Made in America" policy, too.
Turns out, it takes a lot of vehicles for the government to do its thing. Now, just to be clear, I'm talking about the cars and trucks you sometimes see out and about with tags that read "U.S. Government" – I'm not counting hundreds of thousands of military vehicles like tanks or Humvees.
At last count, the federal vehicle fleet was thought to be around 645,000, and in some cases, the government's going to have to move pretty quickly to replace them.
Take the U.S. Post Office, for instance. We all recognize the Northrop Grumman-made "Long Life Vehicles," or LLVs that mail carriers work their routes in. Well, the LLV design isn't living up to its name, because it's getting on 30 years old at this point; they're said to be breaking down and catching fire on the regular.
In other words, the spend is going to have to come quickly, and it is going to have to be big.
There are two big-money trends at work here – electric and self-driving vehicles (SDVs). There are two companies "in play" in this story, one of which I think is a juicy takeover target. When the trigger gets pulled, takeover targets typically experience fast, intense bull runs.
Here's how you could find yourself in the right place at the right time, sitting pretty… Full Story
Here's how you could find yourself in the right place at the right time, sitting pretty...
by Mike Stenger
The chance to make 700% gains on a stock doesn’t come around everyday.
And when it does come around, you have to act.
That could very well be what we’re seeing with Starlink stock, a potential space IPO from Elon Musk.
You see, Tesla shares are up a whopping 700% this this year alone, so Musk knows a thing or two about making shareholders money on big tech breakthroughs.
.
It's the most important earnings season of the year – actually, in 10 years.
Companies need to show they're worth their soaring stock prices.
Some will succeed and see shares go higher, while others will take a hit.
by Tom Gentile
In just the past two weeks, Facebook Inc. stock has fallen from $242 down to $216, only to climb back again to $245. It's under a microscope right now, with around 800 companies – including giants like Coca-Cola Co., Hershey Co., Ford Motor Co., and Unilever NV – having "paused" their extensive ad buys.
The world's biggest social media site hosts around 2.6 billion active monthly users, so it's the ballpark all advertisers want to play in. Together, they paid Facebook almost $70 billion to do just that in 2019.
But those advertisers (or, more to the point, those advertisers' everyday customers) want Facebook to do more to police the content that appears on its site. So this "pause" in ad buying is really a de facto boycott.
Now, however you feel about Facebook's politics, if you're an investor, "boycott" is a scary word.
Advertising is Facebook's bread and butter, and when that all-important revenue stream is threatened, for any reason, all kinds of questions come up about Facebook's near-term value as a buy-and-hold stock. As my colleague, D.R. Barton, Jr., told you last week, though, there's still good reason to bet on FB for the long haul.
And as I'll show you today, the best way to make money on Facebook right now is to trade it.
The smart move is "renting" Facebook for a couple of cents on the dollar; that'll slash our risk and potentially put a cool $1,000 in our pockets toward the end of the summer.
There's only a short time frame for us to set up this trade. Here's how it works… Full Story
There's only a short time frame for us to set up this trade. Here's how it works...
Investors mostly paused their buying spree today as the Dow snapped its 6-day winning streak.
Concerns that the recent rally is overbought could be valid, but tech stocks couldn't be stopped today.
The Nasdaq touched 10,000 for the first time in intraday trading and closed 0.3% higher.
But the S&P 500 closed 0.8% lower and the Dow fell 1.1%.
After the long coronavirus shutdowns, 35 states are now reopening or about to reopen.
While the U.S. has shed about 26 million jobs over the pasts two months, the hope is that companies rehire the employees they've had to let go, and that business will quickly go "back to normal."
But consumers have been absolutely battered over the past two months and as the opportunity to spend re-emerges, folks in these states are going to have to decide what they've missed most during the lockdown.
And we're seeing some early signs that some industries are experiencing a quicker recovery than others.
The Dow Jones is pushing higher today as markets digest one of the worst jobs reports in the history of the country.
The U.S. Labor Department reported that the U.S. economy lost 20.5 million jobs in April, the highest figure in history.
The unemployment rate increased from 4.4% to 14.7%.
Hospitality, retail, and manufacturing sectors also reported large declines in employment due to COVID- 19.
More on these figures below.
Here's everything moving the Dow today.
