Salesforce.com (NYSE:CRM) announced strong earnings on Feb. 25 for fiscal year 2021, including 20% annual revenue growth. But the problem is that going forward, the company projects much lower earnings per share (EPS). In turn, this puts CRM stock on a high price-earnings (P/E) multiple and leaves it with no bargain element. Source: Bjorn Bakstad
Stock Market
One of the arguments I’ve heard supporting the surge in special purpose acquisition company (SPAC) initial public offerings (IPOs) is that they’re healthy for the markets because it creates more investor interest in public companies. With the addition of up-and-coming businesses such as Roblox (NYSE:RBLX) and RBLX stock, younger investors are getting an opportunity to
There are various reasons for asset markets trending higher after the novel coronavirus pandemic triggered correction. A key reason has been expansionary monetary policies and fiscal policy that supported and revived GDP growth. Easy money has also manifested itself in the form of inflation in various asset classes. As a broad asset class, commodities still
The “Reddit Wars” didn’t end when GameStop Corp. (NYSE:GME), movie theater owner AMC Entertainment Holdings Inc. (NYSE:AMC), BlackBerry Ltd. (NYSE:BB), and other online message board favorites crashed in late January. Source: Shutterstock In fact, as of late, GameStop is making another huge surge. It’s back up to around $200 after falling from $500 to $60 earlier this year.
Simultaneously one of the most compelling and frustrating investment opportunities at the moment is Nano-X Imaging (NASDAQ:NNOX). Offering the technology to completely disrupt the medical imaging industry and create new business platforms such as Imaging-as-a-Service, Nano-X could be one of the most significant innovations of our time. Yet someone also needs to tell NNOX stock,
Cobalt is commonly used in batteries like those used in electric vehicles, so as you can imagine, demand for it is increasing. The supply-and-demand dynamic for the metal is attractive, given that suppliers are having trouble keeping up with demand. Source: Nick Starichenko/InvestorPlace.com RBC Capital Markets analyst Tyler Broda sees cobalt as a positive driver
What a week it has been — and it’s only Tuesday. Source: Shutterstock Just one day after falling into correction territory, the Nasdaq rallied 3.7% to record one of its best days since November. This isn’t the first time in history that the Nasdaq has quickly fallen 10% or more. I analyze the action for