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
3 Short Squeeze Candidates in the Electric Vehicle Industry
The stock market has been witnessing a short-squeeze wave over the past few months, driven primarily by the actions of a group of millennial investors seeking to squeeze short sellers out of their positions by betting against them on the stocks of struggling businesses. In the booming electric vehicle (EV) market, we think struggling players Nikola (NKLA), Blink Charging (BLNK), and Workhorse (WKHS) could be the next short-squeeze targets. Let’s discuss this.
Can DraftKings Bounce Back After a 10% Drop Over the Past Month?
Digital sports entertainment and gaming company DraftKings (DKNG) has been benefiting immensely from widened legalization of sports gambling across the U.S. As a result, its shares have returned 144.3% over the past year. However, the stock has declined 10.3% over the past month. While this weakness can be attributed mostly to a lack of clarity on how mobile sports betting will shape up in the country, investors are also concerned about expected weakness in its first quarter report, which has been predicted by analysts. The report is scheduled to be released tomorrow. Read on to learn whether DKNG is a good bet now or if it is susceptible to further decline.
4 of the Best Stocks to Add to Your Portfolio Right Now
As positive economic data rolls in, investor confidence in a solid economic recovery is rising. Consequently, all the three major indexes are hitting new highs each week. And although investors continue to be concerned about rising Treasury yields and inflationary pressures, they appear pleased with the government’s stimulus measures and improving employment data. As such, we think Daimler AG (DDAIF), Hologic (HOLX), Getinge AB (GNGBY), and Hill-Rom Holdings (HRC) are well positioned to benefit in current market conditions. Let’s review these names.
Steer Clear of These 2 Recently Downgraded Tech Stocks
Technology stocks largely drove the market’s momentum last year. However, as progress on a mass vaccination program has been better-than-expected, large numbers of people are expected to resume more normal lives this year and by doing so reduce their reliance on tech solutions for work and play. So, while the tech industry’s long-term prospects look bright, many companies in the sector are expected to retreat in the near term. As such, analysts have recently downgraded Cree, Inc. (CREE) and Fastly (FSLY) because their near-term prospects look bleak. Let’s take a closer look.
Beware of These 4 Overvalued Reddit Stocks
In recent months, investors have witnessed several short squeezes triggered by the Reddit investment community WallStreetBets. But because some overheated Reddit plays have cooled off significantly, we think investors should avoid Blink Charging (BLNK), Ideanomics (IDEX), Zomedica (ZOM), and AYRO Inc. (AYRO) in the near-term. These names look highly overvalued and could suffer further pullbacks. Read on.
Apple vs. Google: Which FAANG Stock is a Better Buy?
The COVID-19 pandemic has treated the FAANG stocks quite well thanks to the accelerated pace of digitization and internet adoption worldwide that it triggered. Both Apple (AAPL) and Alphabet (GOOGL) skyrocketed last year due to the suitability of their offerings. And because remote activities are expected to continue even in the post-pandemic world, and both the tech giants are constantly innovating to stay ahead of their competitors, we think their stocks are solid long-term investments. However, let’s discuss which stock could perform better this year.
3 Gold Stocks to Buy after Warren Buffett Says "We are seeing substantial Inflation"
Because federal stimulus and an improving job market are boosting consumers’ purchasing power, many economists expect an uptick in inflation in the near term. Indeed, billionaire investor Warren Buffett has warned of an inflation threat to the U.S. economy amid its economic recovery. Consequently, gold could witness a price advance in the coming months. If so, we expect gold mining stocks Kinross Gold Corporation (KGC), Gold Fields (GFI), B2Gold (BTG), and Yamana Gold (AUY) to be major beneficiaries of the yellow metal’s rebound. Read on.
Is CBAK Energy a Good Electric Vehicle Stock to Add to Your Portfolio?
China is the world’s largest EV market, and its battery market has also been witnessing a steady transformation. As a result, shares of lithium batteries producer CBAK Energy Technology (CBAT) have surged more than 880% over the past year. However, the stock has declined 38.2% over the past three months. So, read ahead to learn whether CBAT is a good addition to one’s portfolio now or is it susceptible to further pullback.
4 Red-Hot Penny Stocks Flying High
The commodity sector has been gaining prominence on the back of an improving global economy. Consequently, investors have been scooping up commodity-related penny stocks to play the trend. Despite the high investment risks that penny stocks can possess, we believe Acerinox (ANIOY), ARC Resources (AETUF), Alliance Resource Partners (ARLP), and Champion Iron (CHPRF) are worth keeping an eye on. As such, let’s review these names.