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Congress members under siege in Capitol tweet their shock and frustration

Danielle Abril
·6 min read

As Trump supporters stormed the Capitol on Wednesday protesting the outcome of the 2020 presidential election, Congress members took to Twitter to express their shock, give updates about the situation, and denounce the mob.

The riot broke out on Wednesday as Congress convened to certify the electoral votes that would confirm Joe Biden as the official winner of the presidential election. Trump supporters first gathered outside the U.S. Capitol, but it didn’t take long before they breached the security barrier, broke the windows, and, in some cases, attacked police.

Many Congress members were evacuated while others were asked to shelter in place in their offices. Though Democrats seemed to be the most vocal during the ordeal, several Republicans also used Twitter to speak out.

Here’s what legislators said during the ordeal.

Mike Gallagher, a Republican representative of Wisconsin, posted a video as he sheltered in place in his office. In the video, he explains how Vice President Mike Pence was rushed out of the Capitol and then called for Donald Trump to take action against the riot.

Adam Kinzinger, a Republican representative from Illinois, made it clear what he thought about the riot.

Dan Kildee, a Democratic representative from Michigan, explained in detail what was happening in the House chambers.

Ohio Republican Rep. Jim Jordan, a staunch Trump supporter, called for an end to the riot.

Ted Cruz, the Republican senator from Texas who was among a group of senators challenging the electoral votes on Wednesday, also called for peace.

Haley Stevens, a Democratic representative of Michigan, expressed her disbelief.

Texas Democratic Rep. Veronica Escobar reshared a video of the “chaos” inside the Capitol as she sheltered in place.

Val Demings, a Democratic representative from Florida, expressed her disappointment.

Marsha Blackburn, the Republican Senator from Tennessee who also challenged the electoral votes, condemned the destruction.

Republican Sen. Ron Johnson, from Wisconsin, echoed Blackburn’s condemnation.

Cori Bush, a Democratic representative from Missouri, called out the President for his role in inciting the mob.

Ted Deutch, Democratic representative of Florida, also blamed Congress members who challenged the election outcome.

Republican Sen. Marco Rubio of Florida denounced the rioters. 

Kevin McCarthy, House minority leader, called for peaceful protest.

Michael McCaul, a Republican representative from Texas, said he voted for Trump but doesn’t support the mob.

Ted Lieu, a Democratic representative from California, reshared a video of the chaos and said lawmakers won’t be deterred.

More politics coverage from Fortune:

This story was originally featured on Fortune.com

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  • BlackBerry: An Emerging Big Data Company

    BlackBerry Limited (BB) is somewhat of an enigma in the investment world, full of great promise but at the same time, it has let shareholders down time and again. The company is armed with a huge patent portfolio, and offers several cutting-edge products in cybersecurity, Internet-of-Things (IoT), and automotive technology. What’s more, shares have surged 32% in the last two sessions after BlackBerry announced that it has sold 90 smartphone technology patents to Huawei, as part of its shift away from the mobile phone space. But while BlackBerry gushes with potential, it also disappoints quarter after quarter. In the most recent quarter, BlackBerry missed on revenue and GAAP EPS. Most concerning were the drop in revenue, down 20% year-over-year, and the sizeable increase in GAAP operating loss of $127 million, up from the $29 million loss one year ago. To be fair, some of the performance issues were pandemic-related, particularly with regards to the auto sector where plant shutdowns have translated to fewer automobile deliveries, and hence, lower QNX licensing fees. However, the company’s revenue has been shrinking for several years before the pandemic. The five-year growth rate for example is -20.8%. Company Transformation The story is not all bad. Glimmers of hope are emerging in what may yet shape up to be a multi-year turnaround story that started in 2013, the year that John Chen took the reigns of BlackBerry as CEO. At that time, BlackBerry was a $6 billion Titanic, immersed in red ink after hitting an iceberg called the Apple iPhone. After taking charge, John Chen proceeded to monetize the company’s patent portfolio, and transform the mobile phone manufacturer into a much more modest $1 billion software company. The transformation has taken place over several years, with half a dozen acquisitions along the way, including Cylance, Good, and AtHoc. These companies have been assimilated and worked into BlackBerry's product streams, but also have resulted in a significant write down of goodwill, including $500 million earlier in 2020. BlackBerry has at least stabilized its financial situation, and now has positive free cash flow and adjusted EBITDA. That said, the turmoil surrounding the company has affected its stock price and resulted in an attractive valuation. BlackBerry also boasts some promising technologies that could lead to strong revenue growth down the road. This may be a great time to invest in BlackBerry. Valuation Metrics BlackBerry’s low valuation should come as no surprise given its past troubles. The company has superior metrics versus the software industry on a number of fronts, summarized in the table below. MetricBlackBerryIndustryPrice/Sales Ratio5.8511.31Price/Book Ratio3.0711.44Gross Margin74.2%70.9%Operating Margin-9.2%-23.6%Current Ratio2.271.57Total Debt/Equity0.330.55 Metrics such as price/sales and price/book ratio suggest that BlackBerry is quite undervalued, with a strong likelihood that the stock will outperform once the company’s future potential is recognized by the market. It is not at all unreasonable to expect a 2x - 3x stock price increase from its current level. BlackBerry IVY BlackBerry’s recent announcement regarding its strategic alliance with Amazon Web Services (AWS) may be enough to kick-start the company’s stock price. The exclusive partnership provides instant credibility along with a ‘Big Data’ mindset to vehicle data, resulting in unlimited potential for third-party applications in areas such as car insurance, maintenance, EV charging, and connected vehicles. The AWS platform gives BlackBerry IVY cloud-connectivity, scalability, and a global reach. This initiative will provide BlackBerry with a new source of recurring revenue in the automotive market, where it already has software installed in over 175 million cars. Spark Suite Apart from BlackBerry IVY, there are several other promising technologies emerging from BlackBerry, including Spark Suite, which combines Endpoint Management with Endpoint Security, a logical step in the evolution of mobile devices. Spark Suite provides Zero Trust, an emerging concept in cybersecurity that is becoming a necessity for enterprises as mobile devices such as wearables become the norm within the workplace. In addition to IVY and Spark Suite, BlackBerry has several other more mature product offerings including QNX, BlackBerry AtHoc, and BlackBerry SecuSUITE. While not as exciting as BlackBerry's recent initiatives, they provide a steady and increasing revenue stream. Wall Street’s Take From Wall Street analysts, BlackBerry earns a Hold analyst consensus based on 3 Hold ratings. Additionally, the average price target of $8 puts the downside potential at 18.7%. (See BlackBerry stock analysis on TipRanks) Summary and Conclusions BlackBerry has had a turbulent past, downsizing from a $6 billion hardware company into a $1 billion software company over the last seven years. Revenue was down 20% year-over-year in the latest quarter, but much of the poor performance can be attributed to the soft auto sector resulting from the pandemic. QNX licensing fees and royalties will pick up as the global economy improves. Despite several years of disappointing results, the company has stabilized its financial situation and appears to be positioned to capitalize on several leading-edge technology ventures, including its exclusive partnership with AWS and enterprise mobility management and security. Given the very low valuation, this could be an ideal time to invest in BlackBerry. Disclaimer: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities.

  • Short Seller Andrew Left Goes Sour On Lemonade, Says Company Lies To Shareholders

    Andrew LeftCitron Research's Andrew Left criticized insurance company Lemonade Inc (NYSE: LMND) on Friday, saying its stock multiple is based on empty marketing tactics.The Lemonade Bear Case: In a Twitter live video, Left dismissed Lemonade Inc's claims of bringing new technology to the insurance industry, saying the company's technology is no different from insurers like Progressive Corp. (NYSE: PGR) or State Farm."They've been lying to their customers and their shareholders," said the noted short seller.The company has not responded to a request for comment.Not An ESG Company: He also blasted Lemonade's claims of being a "social good" company as an easy marketing ploy.Left said Lemonade is taking advantage of younger investors' interest in supporting companies that have a positive social impact, like Tesla Inc (NASDAQ: TSLA)."It's playing on the millennial investors," he said, adding that the company has a higher multiple than Zoom Video Communications (NASDAQ: ZM), Uber Technologies Inc (NYSE: UBER) or Tesla Inc (NASDAQ: TSLA).Lemonade insiders have sold $400 million in the past six months but gave just $1 million to charity last year, he said.Left said the Securities and Exchange Commission and the Federal Trade Commission should look more closely at companies that make claims of being socially responsible.Price Action: Shares of Lemonade ended Friday's trading down 6.79% at $147.74 on Friday. Left's video posted to Twitter at 11:30 a.m.Related Link: XL Fleet Spikes On CEO's CNBC Plug, Citron's Long CallSee more from Benzinga * Click here for options trades from Benzinga * Hillman Group In Talks With Tilman Fertitta SPAC: Bloomberg * 6 Sports SPACs To Consider For Your Investing Playbook(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • The 7 Top Dividend Stocks for 2021

    Last year was a tale of two halves for dividend equities. Owing to the novel coronavirus pandemic, the first half of 2020 was chock full of payout cuts and suspensions by S&P 500 member firms, but dividends rebounded mightily in the second half of the year, indicating that many of the top stocks for 2021 are dividend payers. The fourth-quarter trajectory of S&P 500 payouts indicates that the darkest clouds of the coronavirus cuts have passed. And dividend investors could be in for better things this year. “Indicated dividend net changes (increases less decreases) for U.S. domestic common stocks increased $9.5 billion during Q4 2020, compared to a decline of $2.3 billion in Q3 2020, and a gain of $10.6 billion in Q4 2019,” noted the S&P Dow Jones Indices. “For Q4 2020, aggregate increases amounted to $13.9 billion, up 64.2% from the $8.4 billion increase of Q3 2020 and up 15.7%, from Q4 2019’s $12.0 billion. Aggregate dividend cuts decreased 59.8% to $4.3 billion from Q3 2020’s $10.8 billion in cuts, and was up 221% from the $1.3 billion in cuts for Q4 2019.”InvestorPlace - Stock Market News, Stock Advice & Trading Tips Adding to the case for dividends in 2021 are recent dividend futures data, which, as Goldman Sachs notes, implies those contracts could bring cuts. But the bank says that’s a case of mispricing and that dividends should rise this year. 9 Stocks That Investors Think Are the Next Amazon With that opportunity ahead, here are some of the top dividend stocks to consider for 2021: Apple (NASDAQ:AAPL) JPMorgan Chase (NYSE:JPM) Western Union (NYSE:WU) Microsoft (NASDAQ:MSFT) VICI Properties (NYSE:VICI) Equinix (NASDAQ:EQIX) Texas Instruments (NASDAQ:TXN) Dividend Stocks: Apple (AAPL) Source: View Apart / Shutterstock.com Apple’s dividend yields just 0.64%. In this environment of historically low interest rates and depressed yields, the company doesn’t standout on the basis of yield. However, it is one of the rare examples of a name that’s legitimately a growth stock with a solidified, growing dividend. In bygone eras of investing, technology companies didn’t rush to pay dividends because it was supposedly a sign that growth was behind them. That’s not the case with Apple. A relatively new participant in the dividend landscape, AAPL stock has consistently surged since it became a dividend payer less than a decade ago. As of Jan. 15, the company has a market capitalization of $2.15 trillion. The combination of 5G iPhone sales, a bigger push into high margins, revenue-steadying subscription-based services and its robust entertainment arm make Apple a top stock for 2021. For its most recent quarter, the company had $191.83 billion in cash on hand — more than enough to support and grow the dividend this year. JPMorgan Chase (JPM) Source: Roman Tiraspolsky / Shutterstock.com For a good portion of 2020, allocating to bank stocks, including JPMorgan Chase, tried investors’ patience. The group fell out of favor because of low interest rates, but that wasn’t all. Shareholder rewards (the one benefit of being involved with these names) suffered a blow when the Federal Reserve told the largest banks to scrap buybacks and that there would be no payout growth in 2020. Rather, JPMorgan had to set aside large sums of capital to cover bad loans due to the fragile Covid-19 economy. On that note, the sour loan situation didn’t turn out to be as bad as the Fed expected. That could mean at some point in 2021, JPMorgan and rivals will be allowed to repatriate that cash back into earnings. 7 Dividend Stocks That Are Growing Their Payouts There are reasons for optimism when it comes to the JPM stock dividend, including the Fed relenting on the buyback freeze last month. JPMorgan seized on that announcement, swiftly saying it will repurchase $30 billion of its shares. Western Union (WU) Source: apichon_tee/ShutterStock.com Dividend stocks are often associated with large- and mega-cap companies, but some smaller stocks have enviable payout track records. That group includes money-transfer provider Western Union. The company has a $8.95 billion market cap and yields 4.16%. This results in an annual payout of 90 cents per share, up from 24 cents a decade ago. WU stock was a sluggish performer last year, and its prosaic business doesn’t seem to jive with the current level of sexiness ascribed to the fintech revolution. But Western Union has digital capabilities of its own that could act as catalysts for the sleepy stock this year. “Expanding real-time payout capability is a key focus of the Company’s digital growth strategy which centers on growing its industry-leading digital services offered through westernunion.com and digital partnerships,” according to the company. “Together, the two growth drivers grew digital revenue 45% year-over-year in the third quarter of 2020, representing 21% of Western Union’s consumer business and trending at an annual rate of over $900 million.” Microsoft (MSFT) Source: The Art of Pics / Shutterstock.com Microsoft’s dividend history is longer than Apple’s. But they are both prime examples of growth companies that offer much more than just a dividend. Rather, they are growth names with the ability to support and grow the payout while delivering impressive levels of capital appreciation. While so many energy, consumer discretionary and real estate companies — just to name a few sectors — were cutting and halting dividends in 2020, Microsoft grew its payout. Last September, the tech giant raised its quarterly payout to 56 cents a share, a 10% increase. The company finished 2020 with $136.52 billion in cash on hand, so future dividend growth is easily supported. The Top 7 Marijuana Stocks to Buy for January Of course, Wall Street demands more of MSFT stock than dividend growth. And investors should, too. Fortunately, the company can execute. In the September quarter, Microsoft’s Azure cloud business, the second-largest of its kind, grew 48%. While the PC market could ebb a bit this year, Office 365, particularly the version including Teams, adds another growth driver for the company. VICI Properties (VICI) Source: Shutterstock Real estate investment trusts (REITs) were among the most egregious offenders when it came to dividend cuts in 2020. But VICI Properties didn’t get that memo, raising its payout 11% for its third consecutive hike. VICI is a gaming REIT, meaning it’s in the casino real estate business. To that end, it’s worth noting the company is the property owner of Caesars Palace on the Las Vegas strip, among dozens of other domestic gaming venues. However, investors should also note that Caesars Entertainment (NASDAQ:CZR) is the REIT’s biggest client, and Caesars has a deep portfolio of regional casinos. Translation: VICI is significantly less Vegas-dependent than meets the eye. In fact, just about a quarter of its rental income was generated on the strip in the September quarter. VICI has some growth levers to pull as 2021 unfolds. Caesars is likely to divest several properties around the country to generate cash. VICI is the likely suitor for some of those venues, as it holds rights of first refusal for some assets on the strip. Additionally, VICI has served as partner for smaller casino operators looking to scoop regional venues, which leads to new rental income. Equinix (EQIX) Source: Ken Wolter / Shutterstock.com With a current price around $700, data-center REIT Equinix isn’t for everyone. EQIX is in the midst of a pullback that’s seen it retreat 17% from its 52-week high. But that could be a buying opportunity for investors. Data centers house servers and networking gear. And with cybersecurity and cloud-computing spending forecast to surge again this year, the case for EQIX stock remains strong. Plus, Equinix has recent history on its side, easily topping broader real estate benchmarks for five years. There are plenty of avenues for growth in 2021. 7 Hot Stocks That Will Keep You Energized With 3%-Plus Yields “Interconnection remains strong and, in our view, will continue to be the primary driver of Equinix’s continuing strength. The firm added eight new cloud on-ramps in the quarter, bringing its total to 160 and, resulting in a 42% market share in its footprint according to the company,” according to Morningstar. Texas Instruments (TXN) Source: Katherine Welles / Shutterstock.com Semiconductor maker Texas Instruments is one of the original tech dividend names, initiating its payout in 1962. That’s ancient in tech dividend terms. More importantly, the payout grew at a compound annual growth rate (CAGR) of 27% from 2004 to 2019. 2020 marked the 17th consecutive year in which the payout grew. Like many of its tech dividend counterparts, Texas Instruments has growth outlets despite being a mature company. Its battery management system (BMS) makes it a credible electric vehicle (EV) derivative play. The BMS is used by EV manufacturers to “reduce the complexity of their designs, improve reliability and reduce vehicle weight to extend driving range.” Design and extended range are two of the big hurdles that, if cleared, could rapidly speed EV adoption. There are more glamorous semiconductor stocks, but TXN is a way for conservative investors to get some EV exposure while getting compensated. That’s no small feat given the scarcity of dependable dividends in the EV arena. On the date of publication, Todd Shriber did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. Todd Shriber has been an InvestorPlace contributor since 2014. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post The 7 Top Dividend Stocks for 2021 appeared first on InvestorPlace.

  • Bitcoin Crash Is Excellent Opportunity to Buy the Dip

    One of the major investing themes coming out of 2020 is the soaring price of bitcoin (CCC:BTC). However, the cryptocurrency slid as much as 21% over a two-day period to as low as $32,389. Since the start of the novel coronavirus pandemic, it’s the biggest two-day drop, wiping off nearly $140 billion in total market capitalization. Source: Shutterstock In a nutshell, investors reacted to the stronger dollar and growing political uncertainty. The cryptocurrency is still up roughly 89% on a trailing one-month basis. Nevertheless, the drop did send shivers down the spines of investors. Peaks and valleys will always be part and parcel of investing in bitcoin. But I believe this is just a momentary blip, and normal service will resume soon enough. Covid-19 is surging once again in Asia, and the impeachment of President Donald Trump is jolting the markets. The strengthening of the dollar and higher bond yields are also an important contributing factor in the fall in bitcoin prices.InvestorPlace - Stock Market News, Stock Advice & Trading Tips However, all these factors are temporary in nature. In the long run, bitcoin will continue to climb higher. Financial institutions are increasingly allowing users to buy, store, and sell cryptocurrencies. That’s why in a recent Bloomberg Crypto monthly report, analysts are predicting that bitcoin could more than double from its current value in 2021. Bitcoin Finally Gaining Widespread Acceptance The recent surge in bitcoin prices is due to multiple factors. A weaker dollar, economic optimism, big-ticket investment banks backing the scarce digital currency against inflation, and a weakening U.S. dollar are some reasons. However, I believe the biggest contributor is higher institutional interest. 9 Stocks That Investors Think Are the Next Amazon Square (NYSE:SQ), Paypal (NASDAQ:PYPL), Nvidia (NASDAQ:NVDA), and CME Group (NASDAQ:CME) all provide exposure to the cryptocurrency to their users. All of these companies are large diversified conglomerates. Therefore it’s hard to pinpoint how much money these companies are making through bitcoin. However, considering the surge in its price, it will be a significant contributor to the bottom line looking ahead. Just as an example, Square’s Cash App generated $1.63 billion of bitcoin revenue and $32 million of bitcoin gross profit during the third quarter of 2020. This was up approximately 11x and 15x year-over-year, respectively. Pantera Capital research shows PayPal and Square are securing all the new bitcoin added to the market daily. That’s great news, particularly for PayPal users. The online payments system provider allows its customers to buy, hold and sell cryptocurrencies such as bitcoin and ethereum for as little as $1. Similarly, a range of mid- or high-end graphics cards from Advanced Micro Devices (NASDAQ:AMD) is selling out, leading to a shortage in the markets. It’s mainly due to cryptocurrency miners purchasing them in bulk to build machines to mine bitcoin and similar cryptocurrencies. CME Group, which is the biggest largest financial derivatives exchange, also offers bitcoin futures contracts. Up until Dec 16, 2020, 8,560 CME Bitcoin futures contracts – equal to roughly 42,800 bitcoin – traded on average each day. Simultaneously, the institutional interest keeps increasing. The number of large open interest holders reached a record of 110 in December. Here to Stay We have been here before. Dizzying highs and lows are not a new phenomenon for bitcoin. However, the cryptocurrency is now finally gaining institutional support, which eluded it for a long time. The pandemic certainly helped. During the widespread lockdowns, online commerce and payments ballooned, increasing interest in digital currencies exponentially. Bitcoin was always volatile. But the past year has shown that every asset class can become wobbly in an uncertain environment. It was always regarded as an interesting store of value due to the ultimate ceiling of 21 million and the difficulties in mining it. But its wider acceptance is bringing a sense of credibility and stability that was hitherto missing. For me, that is what makes it an interesting asset to hold, despite the risks that come with it. The prospect of central banks issuing their own digital currencies will always be there. However, now that financial institutions as large as BlackRock (NYSE:BLK) are warming up to it, the future looks very bright for bitcoin. On the date of publication, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post Bitcoin Crash Is Excellent Opportunity to Buy the Dip appeared first on InvestorPlace.

  • Rally Quickly Turns 7 Penny Stocks Into Billion-Dollar Companies

    Some left-for-dead penny stocks are now billion-dollar companies, thanks to the rally in the S&P 500 and other indexes.

  • Op-ed: Black student loan borrowers 'need cancellation, and they need it now'

    The debate around canceling student debt has been front and center in the wake of the presidential election, and President-elect Biden should provide substantial cancellation on his first day in office.  

  • As FuelCell Energy Heads Near $20 Per Share, Sell into Strength

    I get why investors have aggressively bid up “clean energy” stocks like FuelCell Energy (NASDAQ:FCEL). With the incoming President much more favorable to “green” policies than his predecessor, we could see this growing sector and FCEL stock benefit from federal support as well as policy changes. Plus, the business community is continuing to pivot towards green initiatives. Source: Kaca Skokanova/Shutterstock Yet, it’s no slam dunk that potential changes in U.S. energy and environmental policies will alter the game much for FuelCell. Not only that, with more pressing matters at hand, Joe Biden’s $2 trillion green energy plan may wind up on the back burner for now. Moreover, besides the uncertainty of whether the blue wave means blue skies for FuelCell, there are other factors that should make you cautious about diving in at today’s prices.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Put simply, there’s little backing up this stock’s blockbuster rally over the past few months. So, if you bought FCEL at lower prices, sell into strength while you can. And, if you don’t already own it? Avoid. FCEL Stock and Blue Wave Speculation FuelCell shares performed well for most of 2020. But, it wasn’t until after election day that this green stock went into hyperdrive. With speculators taking the news of Joe Biden’s electoral victory and running with it, shares soared from $2.32 per share on Nov. 3 to $11.17 per share on Dec 31. 9 Stocks That Investors Think Are the Next Amazon Now, with the “blue wave” Senate election results recently out of Georgia, this stock went parabolic yet again. On Jan. 5, it soared from $11.20 per share to above $19 per share on Jan. 13. In total, that’s a more than eightfold increase in just over two months. Right now, the stock sits around $16. But is this epic move higher justified? Hardly. Yes, we will likely see changes with the new administration, changes that could give a massive boost to the emerging clean energy sector. However this potential tailwind has long been priced into FCEL stock. Even when shares traded for single digits. In short, it’s speculation, not actual changes to its fundamentals, that have fueled this rally. And what does that mean? Once enthusiasm for the sector fades, don’t count on this stock holding onto much of its recent gains. Not Much on the Table for FuelCell in 2021 When last discussing FCEL stock on Jan. 11, I talked about the limited news out of this company since its blockbuster rally. Unlike some other green wave stocks — which have had some positive developments outside of election results — this clean energy play has little to speak of. Instead, the only developments from the company have been negative. Not materially negative, but hardly cause for celebration. Between losing some major projects they had previously won and falling short of fourth quarter expectations, we’ve received little indication that things are looking up for FuelCell. Yet, thanks to the market’s current high enthusiasm, this hasn’t made a difference. Instead of falling lower on disappointment, shares have continued to rally on misplaced optimism. As a result, today FCEL trades at an unsustainable valuation. More specifically, At today’s prices, shares trade for a staggering 79.1 times forward price-sales. Some fast growing companies may be able to justify such a high forward multiple. But, with its sales growth for this year coming in at just 23.4%, the current growth premium priced-in seems overdone. Taking this into account, it’s clear those buying today are banking that the bubble in green wave stocks will carry on. However, while you can’t predict when the music’s going to stop, all bubbles eventually pop. So, with FCEL stock more likely to head lower than higher from here, don’t take the chance. Take The Money and Run Granted, this company — which sells fuel cells for end users like little-to-no-emission power generation stations — may be in the right business at the right time. For instance, we don’t know yet for sure whether Biden will be able to follow through on that $2 trillion infusion. But we do know that this sector isn’t disappearing anytime soon, with big business and the government at least on-board for going green. Yet, there’s still little justification for the more than eightfold rally in FCEL stock since election day. Its prospects? Lukewarm. Its valuation? Unsustainable. Put that all together and there’s little chance that the shares will hold onto their gains when the enthusiasm dissipates. The bottom line? If you own FCEL, sell into strength and pronto. And, if you haven’t bought FCEL yet, avoid today’s lofty price levels at all costs. On the date of publication, neither Matt McCall nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in the article. Matthew McCall left Wall Street to actually help investors –by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. Click here to see what Matt has up his sleeve now. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post As FuelCell Energy Heads Near $20 Per Share, Sell into Strength appeared first on InvestorPlace.