Michael Vodicka is the president and founder of the Vodicka Group Inc., a licensed investment advisor (Series 65) and a financial journalist.
He is also the founder and Editor of Cannabis Stock Trades – an online research platform that provides unbiased cannabis stock research.
2021 is shaping up to be another good year for the stock market as the S&P 500 hits a new all-time high. In the short run I am expecting more volatility but I view any weakness in stocks as a chance to buy low.
We’ve got a hot IPO set to drop on Wednesday. Coinbase (NASDAQ: COIN), the largest Bitcoin exchange in the world, is set to begin trading on the NASDAQ. This is one of the most anticipated IPOs of the year.
After rallying for most of the last four months stocks have been down for the last three weeks. Despite this bout of weakness this is not the time to panic. I see four catalysts that tell me stocks will rebound and rally.
From a flurry of new IPOs set to hit the Street in the first quarter Bumble and Coinbase are two of the most interesting. Both of these companies are leaders in high-growth industries and I expect both to prosper.
2020 was a tough year for the world. COVID-19 came out of nowhere and completely disrupted our lives, the global economy and markets. Despite that enormous challenge stocks fought through the adversity and delivered impressive returns.
I like Airbnb as a company and I like the stock. Shares are looking over bought in the short run with this big jump. But in the long run, I expect shares to do well, driven by strong revenue growth and a turn into profitability.
The U.S. presidential election remains undecided. But the global stock market does not seem to care. In fact, stocks seem overjoyed – the S&P 500 (SPY) and NASDAQ 100 (QQQ) delivered a huge 2-day rally that ranks as one of the best in post election history.