In early November, General Motors (NYSE: GM) stunned Wall Street by reporting an unprecedented $5.3 billion adjusted operating profit for the third quarter. Adjusted earnings per share reached $2.83, up about 65% year over year and more than double the average analyst estimate.GM
Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, said on Tuesday it has agreed to go public through a merger with special purpose acquisition company (SPAC) Colonnade Acquisition Corp.
There have been some clear investing trends in 2020 -- IPOs, SPACs, and electric vehicle stocks. Tesla (NASDAQ: TSLA) now has a market cap above $600 billion and investors are very excited about the possibilities from Nikola (NASDAQ: NKLA), NIO (NYSE: NIO), and Fisker (NYSE: FSR)
Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, is nearing a deal to go public at a roughly $1.9 billion valuation through a merger with a blank-check acquisition firm, according to people familiar with the matter.
Ford (NYSE: F) can't compete with the performance of market darlings like electric vehicle maker NIO (NYSE: NIO), which has soared 1,000% this year. But the old-line automaker has held its own, rising 42% over the last six months, and is up over 120% from the low point it hit in
Tesla Inc and Wall Street made 2020 the year that the U.S. auto industry decided to go electric. Tesla's market capitalization surged above $600 billion, making the once wobbly startup founded by billionaire Elon Musk worth more than the five top-selling global vehicle
making groups combined. The exclamation point came on Friday when Tesla rose to a record high in frantic trading ahead of the
stock's much anticipated entrance into the benchmark S&P 500 index.
Tesla (NASDAQ: TSLA) has disrupted the global auto industry, and is easily the most valuable automaker on earth. However, investors are also giving the company a lot of credit for what they expect it will do, not what it's already done. In coming years, the company will need to s
Retail traders have ridden 2020's stock market rally better than the professionals, with their most popular picks outperforming market indexes and well-resourced investors such as hedge funds.
Retail traders have ridden 2020's stock market rally better than the professionals, with their most popular picks outperforming market indexes and well-resourced investors such as hedge funds.
Canada's BlackBerry Ltd, missed Wall Street estimates for third-quarter revenue on Thursday, hit by poor demand for its cybersecurity products and QNX car software.
Electric vehicle startup Canoo, which is going public through a reverse merger with a blank-check company, on Thursday revealed its second scheduled vehicle, a delivery van, and laid out plans to add a pickup truck and build microfactories.
When I'm talking about the year's best stocks, I'm not just thinking about their straight-up market returns. I prefer to sift through the strongest performers while also considering their prospects for continued success. Nobody wants to buy into a skyrocketing stock just before i
Canada's First Cobalt Corp said on Wednesday it has secured C$10 million in government loans and grants, allowing it to accelerate startup and expansion of North America's first cobalt refinery.
Canada's First Cobalt Corp said on Wednesday it has secured C$10 million in government loans and grants, allowing it to accelerate startup and expansion of North America's first cobalt refinery.
The Invesco S&P 500— Equal Weight Consumer Discretionary ETF is seeing unusually high volume in afternoon trading Tuesday, with over 203,000 shares traded versus three month average volume of about 36,000. Shares of RCD were up about 0.7% on the day.
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