Short-Sellers Just Put the Market’s Best Gambling Stock on Sale

A notorious “investment research” firm published an explosive report on alleged wrongdoing at DraftKings; the stock lurched more than 11% lower in just a few hours.

Trouble is, the “researchers” have a lot to gain from the stock’s decline, and this isn’t the first time they’ve released a “report” like this.

DraftKings was looking good already, now it’s irresistible… .



Is Microvast Stock a Buy After Its SPAC Deal?

Whenever a new EV stock makes its debut, you have to ask – is there any bite behind this bark? We're asking that question today as Microvast approaches a SPAC merger with Tuscan Holdings (NYSE: THCB).

The global electric vehicle market is expected to be worth $802 billion by 2027, according to Allied Market Research.

From 2019's $162 billion, that's 395%.

If Microvast stock is a part of that, then it's worth considering.

But here is something you want to keep in mind when looking at EV stocks to buy.



Is Lion Electric Stock a Buy After Its SPAC Merger?

Lion Electric stock was initially supposed to trade on exchanges after an IPO.

Instead, the company has decided to go the SPAC route.

That means the stock will have some help getting to the public markets, and it will do so more quickly.

On Nov.

30, Lion announced a merger with Northern Genesis Acquisition Corp.


The company is currently valued at $1.9 billion and will trade on the NYSE.

The Lion Electric stock ticker will show up on the NYSE as "LEV." .

But is Lion Electric a buy?


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 Trade Options on Nikola Stock

Electric truck-maker Nikola Corp.

(NASDAQ: NKLA) has been one of the wildest stocks of 2020.

The company went public in a reverse merger on June 4 at $34 per share and jolted 176.5% higher to $94 just three trading days later.

Since then, NKLA has experienced a significant drop and sits near $27 per share today.

But that doesn't mean we can't make money on it… You see, Nikola's volatility is actually a good thing if you want to make fast money trading options.

So today, we're going to show you how to make money with options from the fall of NKLA stock using a strategy known as a "put spread" that Money Morning's own Andrew Keene just revealed.

Here it is...

Trading Strategies

Don't Fall for the Nikola Rebound - Buy This Stock Instead

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