Millennial Money

Zoom Stock Forecast 2025

Few companies became inadvertent beneficiaries of the COVID-19 pandemic like Zoom Video Communications (NASDAQ: ZM). The videoconferencing specialist became a household name seemingly overnight as the crisis forced people to shift to remote working and learning. As a result of the skyrocketing engagement that led to stellar growth, the stock soared by nearly 400% in 2020.
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NVIDIA Stock Forecast 2025

Historically known for making graphics processing units (GPUs) for computers, NVIDIA (NASDAQ: NVDA) has evolved dramatically in recent years to become a powerhouse in massive new industries. Due to the computationally intensive nature of rendering 3D models, graphics cards have proven to be remarkably good at handling artificial intelligence (AI),...
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Nio Stock Briefly Jumps on Soaring Vehicle Deliveries

Shares of Nio (NYSE: NIO) briefly jumped on Thursday morning after the Chinese electric vehicle (EV) company reported monthly vehicle deliveries. Shipment volumes soared in the month of June as the global semiconductor shortage eased, allowing Nio to manufacture more cars to meet demand. The stock had gained as much...
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NIO Stock Charges Higher on Citi Upgrade

Shares of Chinese electric vehicle (EV) maker Nio (NYSE: NIO) have charged higher on Wednesday after receiving a bullish vote of confidence from Wall Street. Citi reiterated a buy rating on the stock while analyst Jeff Chung raised his price target from $58.30 to $72, which represents a 43% upside from Tuesday’s closing price.

Bed Bath & Beyond Stock Skyrockets on Q1 Earnings

Shares of Bed Bath & Beyond (NASDAQ: BBBY) skyrocketed by as much as 31% on Wednesday after the retailer reported fiscal first-quarter earnings. The results were mixed relative to expectations, but investors cheered the top line beat. Bed Bath & Beyond is among the prominent meme stocks with high short...

Tesla Stock Forecast 2025

There is little doubt that electric vehicles (EVs) represent the future of the global automotive industry, and Tesla (NASDAQ: TSLA) has created a brand that is synonymous with EVs by redefining consumer perception around EVs. Following an epic rally in 2020, Tesla’s valuation has climbed to make the company the...

Virgin Galactic Stock Heads to the Moon on FAA Approval

Shares of Virgin Galactic (NYSE: SPCE) headed to the moon on Friday after the company announced that it had secured regulatory approval from the Federal Aviation Administration (FAA). Virgin Galactic’s commercial space transportation operator license now officially allows the company to launch consumers into space, which is the first time that the regulator has provided such a license to a spaceline.

Apple Stock Forecast 2025

After hitting an all-time high of $145.09 on Jan. 25 ahead of its fiscal first quarter earnings release, Apple (NASDAQ: AAPL) stock has mostly traded within a relatively stable range in the months since. Of course, it’s a little challenging for a mega cap juggernaut like Apple to stage a massive rally since the company currently boasts a market cap of over $2.2 trillion.

Loop Industries Stock Jumps 30% on SK Global Chemical Investment

Shares of Loop Industries (NASDAQ: LOOP) have jumped on Wednesday following news that SK global chemical is taking a 10% stake in the small cap plastic and polyester materials company. SK global chemical is part of South Korea’s SK Group, a massive conglomerate that operates across a plethora of industries from telecommunications to semiconductors to petroleum, among others.

Splunk Jumps on $1 Billion Investment

Shares of unstructured data analytics specialist Splunk (NASDAQ: SPLK) jumped on Tuesday following news that the company had received a hefty $1 billion investment from Silver Lake. Investors cheered the vote of confidence, as Splunk plans to use the money to fund various growth initiatives while continuing its ongoing pivot to the cloud.

Quanergy Is the Latest Auto Lidar SPAC

There are high hopes for the automotive lidar industry as the broader auto sector continues driving towards autonomous vehicles (AVs). Many lidar startups are opting to go public by merging with special purpose acquisition companies (SPACs), a process that does not rely on historical financials and allows companies to offer rosy forecasts.

Amazon Reportedly Orders 1,000 Autonomous Driving Systems from Plus

Ahead of its merger with special purpose acquisition company (SPAC) Hennessy Capital Investment Corp V (NASDAQ: HCIC), which was announced last month, autonomous truck startup Plus has reportedly secured an order of 1,000 autonomous driving systems from e-commerce behemoth (NASDAQ: AMZN). The rumor sent Hennessy Capital Investment Corp V...

Raven Stock Soars 50% on CNH Buyout

Raven Industries (NASDAQ: RAVN) kicked off the new week by announcing that it is being acquired by CNH Industrial NV (NYSE: CNHI) in a $2.1 billion deal. The news sent Raven shares up by a whopping 50% compared to Friday’s closing price. The deal will help CNH, a leading manufacturer of agricultural equipment, expand its business in several ways.

Arrival Stock Crashes on Warrant Redemption

Electric vehicle (EV) startup Arrival (NASDAQ: ARVL) announced on Friday that it is redeeming all outstanding warrants. Warrants are derivatives that have become a mainstay of merger deals with special purpose acquisition companies (SPACs), allowing investors to buy more stock in the new company. As of 12:10 p.m. EDT, Arrival...

CuriosityStream Stock Tanks on Double Downgrade

Shares of CuriosityStream (NASDAQ: CURI) tanked on Friday after getting a double downgrade from Wall Street. BofA Securities cut its rating on CuriosityStream stock by two notches from buy to underperform, while maintaining its price target of $14. As of 1 p.m. EDT, the stock was down by 13%. Hitting...

23andMe Stock Pops After Closing Its SPAC Deal

Consumer genetics and research specialist 23andMe (NASDAQ: ME) has closed its merger with special purpose acquisition company (SPAC) VG Acquisition. The stock started trading under the new ticker symbol “ME” on Thursday, gaining as much as 11% as investors cheered the completion of the “de-SPAC” transaction. As of 12:50 p.m....

Lordstown Motors Takes a U-Turn on Orders

Lordstown Motors (NASDAQ: RIDE) offered investors some hope earlier this week when executive Rich Schmidt said the embattled electric vehicle (EV) startup had “binding orders” that would cover the first two years of production. “Currently, we have enough orders for production for ‘21 and ‘22,” Schmidt commented at an Automotive...

Alphabet Subsidiary Waymo Raises Another $2.5 Billion

Following its first external capital raise last year, Alphabet (NASDAQ: GOOG; NASDAQ: GOOGL) autonomous vehicle (AV) division Waymo has just completed its second funding round from external investors. The company has scored another $2.5 billion from a handful of institutional investors to help fund the development of self-driving cars. Here’s...

Workhorse Stock Climbs on Plan to Challenge USPS Loss

Shares of electric vehicle (EV) startup Workhorse Group (NASDAQ: WKHS) were decimated earlier this year after the United States Postal Service awarded a massive contract worth billions of dollars to Oshkosh Corporation (NYSE: OSK). Workhorse shares lost nearly half of their value in February, as investors had high hopes that the company would clinch the deal to provide electric delivery vehicles.

Wholesale e-Commerce Platform Boxed to Merge with Seven Oaks SPAC

The COVID-19 pandemic drove a surge in demand last year for delivery services as consumers ordered items from the safety of their homes. That boosted Boxed, a wholesale e-commerce platform that announced on Monday that it is merging with special purpose acquisition company (SPAC) Seven Oaks Acquisition (NASDAQ: SVOK). The...