About Sidharath Gupta
Sidharath’s passion for financial markets and love for words guided his way to become a financial writer. He began his career as an Equity Analyst researching stocks and preparing in-depth research reports. Sidharath is currently pursuing the CFA program to deepen his knowledge of financial analysis and investment strategies.
Sidharath’s daily coverage of the financial markets keeps him on top of key trends, with the goal of helping investors make well-informed decisions.
Recent Articles By Sidharath Gupta
Better Buy: Riot Blockchain vs. Canaan
While Bitcoin witnessed a sell-off yesterday after hitting its all-time high the day before, cryptocurrencies have surged mightily since the onset of the COVID-19 pandemic. Experts believe that the assets’ bull-run is far from over because the global economy is still weak, and investors continue to seek alternative assets in which they can store value amid market volatility. Riot Blockchain (RIOT) and Canaan, Inc. (CAN) — two major players in the cryptocurrency space — have garnered huge momentum and still hold plenty of upside potential. But, which of these stocks is a better buy now? Let’s find out.
4 Auto Manufacturing Stocks Rated Strong Buy: Tesla, Toyota, Ferrari, and Ford
The pandemic resulted in underutilization of auto manufacturing plants. However, as the economy revives this year, demand for cars is expected to increase significantly, and consequently, productions are anticipated to surge. Tesla (TSLA), Toyota Motor (TM), Ferrari (RACE), and Ford Motor (F) are poised for strong growth this year.
Why Did Canaan Stock Surge More Than 50% Last Week?
As Bitcoin surges past $34,000, experts believe that the cryptocurrency’s bull-run is far from over given the continued weakness in the global economy. As a direct beneficiary of the impressive bitcoin rally, Canaan, Inc. (CAN), a specialized bitcoin mining hardware manufacturer, has surged exponentially. Find out if the stock can continue its strong momentum.
Where is Kodak Stock Headed in 2021?
The century-old camera company Eastman Kodak (KODK) has drawn much attention this year after languishing in a downtrend for years due to its weak fundamentals and poor prospects. The stock made a revival in July after the company struck a loan deal with the government to set up its pharma business. However, the stock soon lost momentum after KODK was hit with allegations of insider trading for which it is still under an SEC probe. Read ahead to find if the troubled stock is heading for a turnaround in 2021.
2 Retail Stocks to Buy in January, 2 to Avoid
Given the strong possibility of economic recovery in 2021, investors could bet on the recovery of the retail sector which was profoundly impacted by the pandemic. However, not all retail companies are well positioned for a recovery yet. High growth rates of Ross Stores, Inc. (ROST) and Burlington Stores, Inc. (BURL) make them solid picks now, but it’s wise to avoid weaker players like Macy's Inc (M) and J. Jill, Inc. (JILL) at the moment.
2 Electric Vehicle Stocks to Buy in January, 2 to Avoid
The world is gradually shifting from fossil-fuel-powered cars to electric vehicles (EVs), in-part due to their improving performance and cost-efficiencies. Moreover, in a drive to limit global warming, governments worldwide are supporting the transition to EVs by offering incentives for consumers to do so. To capitalize on these positives, several start-ups in the EV space have emerged. But investors should be judicious in evaluating the sector. For instance, where Blink Charging (BLNK) and Beam Global (BEEM) have fared well and could generate promising returns next year, stocks such as Nikola Corp. (NKLA) and AYRO Inc. (AYRO) must be avoided in the near-term due to their weak fundamentals and recent developments. Let us look closer at all four names.
2 Top Rated Tech Stocks Under $10: United Microelectronics and ASE Technology
The stock market’s momentum this year has been driven primarily by technology stocks, which are now trading at lofty valuations. However, there are certain tech stocks that have not rallied to the same degree as the pack leaders and are still trading at attractive prices. For example, United Microelectronics (UMC) and ASE Technology (ASX) are two top-rated tech stocks that we think are poised to benefit next year as the evolution and uptake of 5G networks and edge computing rolls on, but which can still be picked up at reasonable valuations.
3 Dividend Aristocrat Stocks to Buy in January: Walmart, McDonald's, and Johnson & Johnson
: As the continuation of, and increase in, dividend payments are still uncertain for many dividend-paying companies given the current, unprecedented global economic backdrop, a safer strategy for investors could be betting on dividend aristocrats that have long-term histories of consistent dividend growth. Walmart (WMT), Johnson & Johnson (JNJ) and McDonald's (MCD) are three stocks that we think not only hold strong price improvement potential as the economy recovers next year, but they could also deliver steady income because they are expected to return more capital to their shareholders as dividends.
Why is XL Fleet Stock Soaring?
XL Fleet Corp. (XL), a producer of hybrid and plug-in powertrains, is one of newest EV players. Amid positive sentiment surrounding the EV industry, and with a convergence of favorable news, the stock soared 80% in a single day a little ahead of Christmas. With promising prospects in its potential to electrify the world’s passenger and commercial fleets, we think XL is poised to keep soaring.