The rumored collaboration between the SPAC and the emerging EV car manufacturer has set the stock investing world on fire
Rumors and fervent hopes have run rampant over the past couple of weeks due to speculation that SPAC CCIV (Churchill Capital Corp IV) might merge with emerging EV company Lucid Motors. It has helped the stock more than double during that time, including a giant 30% jump on January 22nd alone, despite no merger being announced yet. With each passing day, excitement and theories mount but what do we know for certain at this point?
At $23.41 per share, CCIV is currently well above its initial offering price of $10. The enthusiasm over a possible merger and the highly anticipated potential of Lucid Motors has driven the price skyward. With neither company publicly commenting about the other, speculative investors have had to rely on bits of information here and there to make their decision about whether or not to jump in — with the hope that doing so will ultimately result in a successful merger and Tesla-like price raises as their vehicles start to hit the market. …
The glucose monitoring implant producer has combined impressive product development and recent shrewd financing to position itself as a major player in the Diabetes sector
Healthcare stocks are a continuous highway of companies working diligently to develop and bring to market a dizzying array of products designed to treat our many ails. Typically, there is a short amount of time for investors to identify products and companies they believe are headed in the right direction. Determining if these stocks are worthy of investment funds requires taking a closer look and determining whether or not they make sense for a portfolio. One such stock that has recently appeared on many radars is SENS (Senseonic Holdings, Inc.), …
The pitcher’s screwball remains talked about in baseball circles to this day
Right-handed pitcher Christy Mathewson is still one of the greatest pitchers in baseball history, more than 100 years after he pitched his final game. With all of his talent and accomplishments, he is perhaps best known for his fadeaway pitch (modern day screwball), which quite literally became the stuff of legends. Where did his famous offering originate? His former teammate Red Murray knew.
Mathewson spent all but the final start of his 17-year (1900–1916) big-league career with the New York Giants. He was a combined 373–188 with a 2.13 ERA, not only perhaps the best hurler in the game but also one of its most popular players. He was the hero of the 1905 World Series, pitching three shutouts on the way to his team taking the championship, and was also widely admired for his blend of talent and wholesomeness. Sadly, he passed away at the age of 45 from injuries suffered while serving in World War I. …
The Hall-of-Fame outfielder enjoyed his MLB career but found he truly valued being able to step off the diamond
There has very likely never been a baseball player as passionate and competitive as Hall-of-Fame outfielder Ty Cobb. His break-neck style was widely known, appreciated and feared. One might expect someone who put so much into the game would want to remain involved as long as possible, but as it turned out, the Georgia Peach was relieved to leave baseball behind once his playing career was over.
In a 24-year major league career with the Detroit Tigers and Philadelphia Athletics, the left-handed hitting Cobb batted an all-time record .366 with 4,189 base hits, 117 home runs, 1,944 RBIs, 2,245 runs scored and 897 stolen bases. His intensity was so well known that over time, with the help of those seeking to make a buck (authors who invented wholesale stories and lies about his life and career and sold them as fact), his reputation was remolded into someone who was a sadistic monster instead of a hard-nosed and determined ball player. It’s true he ran hard, slid hard and sometimes got into fights. However, it wasn’t anything untypical for players of his time. …
Some top young players will be looking to take up the family business
Now that the college football season has wrapped up and the NFL is in the midst of their playoffs, the 2021 draft isn’t far away. There are many prospects that teams will look at, but a few have an advantage that the others don’t. Those are the young players who not only stood out in college but also had fathers who previously played in the NFL, including these three:
Patrick Surtain II, Cornerback (Father- Patrick Surtain): Surtain II is one of the best secondary prospects in the upcoming draft. He turned into a star after playing the past three years with Alabama, totaling 116 tackles, 24 passes defended and four interceptions. He has elite size at 6’2” and 202 pounds, which will allow him to match up well with the hulking wide receivers that are so favored in the professional game. He is forgoing his senior season after being a finalist for the Jim Thorpe Award, given to the nation’s top defensive back. …
The MLB Hall of Famer struggled mightily after his career as a pitcher ended
Grover “Pete” Alexander was simultaneously one of the best pitchers who ever stepped on a mound and also a tragic cautionary tale. His greatness in baseball was in direct contrast to his struggles off the field. Once his playing career ended, he should have been able to sit back and enjoy the spoils of his legendary career. Instead, he struggled to make ends meet, including at one point working as an act in a popular flea circus.
An April 21, 1940 issue of the Philadelphia Inquirer caught up with a 53-year-old Alexander, who was in between performances with the Hubert Flea Circus in New York City. He participated in a number of shows daily, in between sword swallowers, jugglers and freaks. Speaking for several minutes about baseball, he would then do a brief question and answer from the crowd; many agape that a real live baseball legend was in their midst. …
SPAC votes occurring in the coming weeks will determine the initial offering future of some companies and may serve as a major catalyst
You can’t turn around in the investing world these days without a new SPAC being announced. Not all of them complete mergers but enough have successfully paired with an emerging company to be brought public that they have become a very popular, and frequently lucrative, investment sector. Keeping track of all the dates of votes, filings and the like can be overwhelming but there are some SPAC events happening in the coming days that deserve your attention.
January 19, 2021: OAC is holding its shareholder’s vote to confirm a merger with Hims/Hers, a telehealth and prescription subscription service. The merger is expected to pass, which in a matter of days would change the ticker from OAC to HIMS. The stock currently sits at $18.19 …
Is there a new challenger on the horizon in the electric vehicle industry?
Rumors have run hot over the past week that the SPAC CCIV might partner with Lucid Motors for a merger to bring the auto company to the stock market. Specializing in electric vehicles, such a power move could make them major players in an increasingly green-conscious United States and world. But who are Lucid Motors and could they eventually challenge powerhouse Tesla?
Founded in 2007, the California based Lucid Motors was originally known as Atieva. At first, they specialized in producing electric vehicle batteries and other related technology for car manufacturers but after rebranding themselves to Lucid Motors in 2016, they shifted their primary focus to developing all-electric, luxurious high-performance vehicles. …
As a young emerging player just starting his baseball career, Miller had to go to court after a suit was brought by his own mother
There are mama’s boys and then there are unfortunately those who don’t always see eye to eye with their maternal figure. Sadly, that appears to be true for former All-Star shortstop Eddie Miller, who was once sued by his mother to financially support her at the height of his big-league career.
Miller was a superb defender who could hit enough to make him a minor star during his 14-year big-league career (1936–1937; 1939–1950). Playing for four teams (primarily the Cincinnati Reds and Boston Braves), he hit a combined .238 with 97 home runs and 640 RBIs. He was a seven-time All Star and received MVP votes in eight different seasons, although his best finish was 10th (1943), when he hit only .224 …
The effort to bring CarLotz to the market could be an interesting play for investors
SPAC mergers are incredibly hot in the stock market world. It seems hardly a day goes by without an announcement of another proposed partnership. Some have more promise than others and the accompanying hype varies and sometimes doesn’t catch up until the company is already trading under their new ticker. One SPAC that may be flying well under the radar as they approach their merger vote is ACAM (Acamar Partners Acquisition Corp.).
ACAM described themselves as a:
“US listed special purpose acquisition company formed with the intent of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. We seek to make a $300 million to $1 billion equity investment in a company with a leading position in its segment of operations, and presence in North America or Western Europe. Our sector focus is on the consumer and retail sectors including but not limited to: travel retail, luxury, fashion, lifestyle, leisure and entertainment, food and beverage, restaurants, beauty and consumer branded products and services.” …
