Stock

Why Appian Stock Skyrocketed 324% in 2020

2 weeks ago Jaime E. Love

What happened

Shares of Appian (NASDAQ:APPN) spiked 324% last year, according to data provided by S&P Global Market Intelligence, as investors looked to technology stocks as a haven for their money during lockdowns and social distancing. 

So what 

Appian’s platform allows customers to easily and quickly build apps without having to know much about writing code. And as the pandemic forced companies to focus their attention on attracting and communicating with customers online, many companies turned to Appian to build their apps last year. 

Several arrows pointing up on a dark blue background.

Image source: Getty Images.

The demand for an easy app-building service pushed up Appian’s cloud subscription revenue, which increased 40% in the third quarter. In turn, the company’s total revenue increased 17% in the quarter to $70.9 million, and adjusted earnings per share reached breakeven, outpacing Wall Street’s consensus estimate for a loss of $0.17 per share. 

Appian’s growth in the third quarter,

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Why Beam Global Stock Soared 115% in December

3 weeks ago Jaime E. Love

What happened

Beam Global (NASDAQ:BEEM) became the latest electric vehicle (EV) stock to catch fire as the company surged after announcing new patents related to EV charging and a new contract to deploy the technology. 

The news sent shares of the recent IPO flying higher, up 115% in December, according S&P Global Market Intelligence. The chart below shows the stock’s movement over the course of the month. 

BEEM Chart

BEEM data by YCharts.

So what

Beam had its IPO as Envision Solar in July, a microcap stock at the time. And the company, which makes EV charging technology based on renewable energy, has attracted attention in recent months, driving the stock up by multiples into small-cap territory.

A rendering of a electric vehicle charging

Image source: Getty Images.

On Dec. 3, the company announced a new patent for its UAV ARC recharging network, which provides en route charging for drones. The company believes commercial and military

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Here’s the Best Stock I Bought in 2020

1 month ago Jaime E. Love

Media-streaming technology specialist Roku (NASDAQ:ROKU) had been on my radar since it produced the first set-top box that could stream Netflix (NASDAQ:NFLX) content in 2008. The company entered the public stock market nearly 10 years after that. It still looked like a great idea in 2017. Global interest in video-streaming services exploded last year, but I never got around to pulling the trigger on buying Roku stock.

That changed in 2020 when the COVID-19 pandemic turned the entertainment industry inside out. Roku’s share prices fell for some ridiculous reason, and I finally picked up a few shares near the absolute market bottom in March 2020, in two separate transactions.

Almost exactly nine months later, my Roku holdings have posted a total return of 283%. You won’t find me cashing in those winnings anytime soon, by the way. I expect Roku to be a cornerstone of

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Here’s Why Micron Technology Stock Jumped Today

2 months ago Jaime E. Love

What happened

Shares of Micron Technology (NASDAQ:MU) were trading 6.2% higher by 11:50 a.m. EST, boosted by a fresh set of guidance targets for the first quarter of fiscal year 2021. The memory chip giant’s stock had risen as much as 7.1% in earlier trading.

So what

The midpoint of Micron’s revenue guidance was boosted from $5.2 billion to $5.73 billion. Gross margins are turning out to be wider than expected. Micron’s adjusted first-quarter earnings are now seen landing near $0.71 per share, up from $0.47 per share. Analyst estimates were roughly in line with Micron’s guidance midpoints.

The new guidance figures work out to a 48% year-over-year earnings boost and revenue growth of approximately 12%.

A large number of arrows pointing upward, rendered on top of a circuit board in shades of blue.

Image source: Getty Images.

Now what

Micron’s surprisingly strong results rested mostly on huge demand from data center customers. This way, Micron taps into the rising demand for cloud-based services amid the

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One More Reason to Buy Micron Technology Stock

3 months ago Jaime E. Love

Micron Technology (NASDAQ:MU) investors are likely worried after the company announced that its business will take a hit on account of lower information technology (IT) infrastructure spending and restricted shipments to Huawei.

Management’s guidance for the current quarter was muted, sowing seeds of uncertainty about the direction the memory market might take in the coming months. But the memory specialist is sitting on lucrative tailwinds such as the growth of 5G wireless networks that could help the company regain its mojo. And now, Micron investors can count on another potential boost in the form of a rebounding PC (personal computer) market.

Person pressing the buy button on a keyboard.

Image source: Getty Images

The PC market is showing signs of life

PC sales have increased lately as the coronavirus pandemic has forced people to remain indoors, triggering a shift toward remote working and online education. According to Gartner, PC shipments in the third quarter

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Is Global Ship Lease (GSL) a Good Value Investor Stock Now?

5 months ago Jaime E. Love

Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?

One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s put Global Ship Lease, Inc. GSL stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:

PE Ratio

A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in

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