Nikola (NKLA - Free Report) has had a bad week, with shares tumbling over 30% since Friday close. Today the shares plummeted over 20% following news of halted talks with key hydrogen-refueling station partners.
Nikola’s former CEO, Trevor Milton, stepped down Sunday in the wake of securities fraud allegations. This move to step down only strengthens Hindenburg Research’s position that Nikola misled investors
Now relationships with critical partners like BP (BP - Free Report) are on the line, relationships that, if dissolved, could spell certain death for this “Tesla wannabe.” (TSLA - Free Report)
I had been very apprehensive about NLKA shares when they surged past Ford’s valuation. A company that hasn’t sold a single car being more valuable than a 117-year-old automotive giant.
The valuations looked stretched out of the gates with FOMO ridden retail investors driving the bid. The most recent developments deepen my apprehension about any position on these shares.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Nikola (NKLA - Free Report) has had a bad week, with shares tumbling over 30% since Friday close. Today the shares plummeted over 20% following news of halted talks with key hydrogen-refueling station partners.
Nikola’s former CEO, Trevor Milton, stepped down Sunday in the wake of securities fraud allegations. This move to step down only strengthens Hindenburg Research’s position that Nikola misled investors
Now relationships with critical partners like BP (BP - Free Report) are on the line, relationships that, if dissolved, could spell certain death for this “Tesla wannabe.” (TSLA - Free Report)
I had been very apprehensive about NLKA shares when they surged past Ford’s valuation. A company that hasn’t sold a single car being more valuable than a 117-year-old automotive giant.
The valuations looked stretched out of the gates with FOMO ridden retail investors driving the bid. The most recent developments deepen my apprehension about any position on these shares.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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