The Latest Breaking News from SPCE

The airline industry has been struggling with macroeconomic issues, which is expected to keep fundamentally weak stock Spirit Airlines (SAVE) under pressure in the near term. In addition, while the space economy may command a significantly high valuation in the long run, the near-term prospects look beak on Virgin Galactic…

After a delay of over two years, Virgin Galactic (SPCE) looks set to start its commercial flights to space in the second quarter of fiscal 2023. Although the stock trades at a low price, investors should avoid it as the company still looks far from turning profitable. Keep reading….

The airline industry witnessed a significant recovery last year thanks to robust demand, which is expected to continue in 2023. Given the sound prospects of the airline sector, investors should consider buying quality airline stock, Copa Holdings (CPA). However, Virgin Galactic (SPCE) and Astra Space (ASTR) might be best avoided…

The airline industry is anticipated to remain upbeat and post a profit this year due to improved demand. Therefore, quality stock Copa Holdings (CPA) might be a solid buy right now. However, Virgin Galactic Holdings (SPCE) might be best avoided, given its weak fundamentals. Read on….

Falling inflation has raised the market’s hopes for rate cuts this year, but that optimism may be built on shaky ground. The U.S. economy is losing momentum, as retail sales and industrial production reported their biggest declines in recent months. As the market will likely remain volatile in the near…

The major market indexes’ consistent downtrend has significantly benefited short-sellers. As the market is expected to remain under pressure on rising recession odds, it could be wise for investors looking to bottom fish to stay away from heavily shorted stocks Rivian Automotive (RIVN), Lucid (LCID), Teladoc Health (TDOC), Warby Parker…

The Fed’s aggressive interest rate hikes and the increasing odds of a recession have kept the stock market under pressure. Although the space sector’s long-term prospects look bright, looming supply chain disruptions and inflation could dampen its performance in the near term. Thus, we think it could be wise to…

Although the space industry holds long-term promise as a domain with infinite possibilities, the progress of businesses in this sector has been hampered by short-term macro issues. Hence, it could be best to avoid beaten-down space stocks Maxar Technologies (MAXR), Virgin Galactic (SPCE), and Astra Space (ASTR) until they return…

Meme stocks gained popularity last year, with several fundamentally weak stocks rising to unsustainable prices based on retail investors’ bets against short-selling hedge funds. Prominent meme stocks GameStop (GME), BlackBerry (BB), and Virgin Galactic (SPCE) have lost significantly from the highs they hit last year. Given the overall risk-off environment,…

Although the space industry is evolving rapidly, broader macroeconomic issues like supply chain disruptions and inflation could dampen industry growth. So, it could be best to avoid beaten-down space stocks Astra Space (ASTR) and Virgin Galactic (SPCE) now, given their bleak fundamentals. Read on….

Airline stocks move with economic cycles, and the recent sluggishness in the economy has caused many of them to decline. Higher fuel costs and cooling consumer demand have also affected the industry. Given the industry’s current downtrend and poor growth prospects, we think it could be wise to avoid losing…