I'm not a big fan of shorting stocks, or at least not discussing the concept. Early in my contributions for InvestorPlace, I dabbled a bit with being directly negative with certain companies. Almost always, it never goes down well, with certain folks misinterpreting what it means to be short. However, with Nikola (NASDAQ:NKLA) stock, you won't have that problem.Source: Nikola Press CenterYou see, if you're not convinced that the rally in rival Tesla (NASDAQ:TSLA) is sustainable, you can essentially achieve a short position simply by buying Nikola stock. That way, you don't have to worry about being negative on anything. You're simply choosing a different course of action than the rest of the crowd.To be crystal clear, I'm not recommending a bearish position on Tesla. Especially with the exuberant environment we're in, going short could get very ugly. However, I can't help but notice an unusual dynamic between TSLA and Nikola...
Rocket Companies (NYSE: RKT) shares are trading higher on some post-IPO volatility, as well as positive data from the National Association of Realtors. The NAR reported sales of existing homes soared 24.7% in July."The housing market is well past the recovery phase and is now booming with higher home sales compared to the pre-pandemic days," said Lawrence Yun, NAR's chief economist. "With the sizable shift in remote work, current homeowners are looking for larger homes and this will lead to a secondary level of demand even into 2021."Rocket Companies, which is the parent company of Quicken Loans and Rocket Mortgage, made its public debut Aug. 6.Rocket Companies shares were trading up 9.63% to $26.06 at the time of publication on Friday.See more from Benzinga * Rocket Companies Opens For Trading At IPO Price(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
Gbenga Ajilore, senior economist at the Center for American Progress joins Yahoo Finance to discuss the presidential election and which candidate is better for the wallets of minorities....
