The Nasdaq is falling and in bear market territory. Many growth stocks on the Nasdaq were trading at inflated premiums for far too long, and a correction was likely overdue. DexCom (NASDAQ: DXCM) and Nvidia (NASDAQ: NVDA) both have promising futures beyond just this year and the next. Read More...
Motley Fool
Why Lithium Americas Stock Crashed Today
Despite being not yet operational, and having no revenue to its name (much less profits), Lithium Americas stock has had a terrific run as investors bid up lithium assets in anticipation of booming demand for the metal, which is used to make the batteries that power electric vehicles. With lithium currently priced at $60,000 a ton, Goldman sees that slipping 10% to $54,000 later this year — a pothole that precedes a bigger fall off a cliff. By next year, the banker believes, lithium prices will average just $16,000, a staggering 73% decline from present-day prices.
Add Comment