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With TikTok in Danger, Meta Shares Could Jump
24/7 Wall Street· 2024-04-22 11:05
With TikTok in Danger, Meta Shares Could Jump Povozniuk / iStock via Getty Images Congress is voting on a TikTok ban. Chinese parent ByteDance has been accused of using the app to spy on Americans and their habits. ByteDance will sue, and the ban may only take effect well into the future if it loses that suit. TikTok has at least 170 million users in the United States. If it is pushed out of the market, the biggest winner is Meta Platforms Inc.(NASDAQ: META), parent of Facebook and Instagram. The latter i ...
Can Tesla Make Money on Discounted Cars? Yes.
24/7 Wall Street· 2024-04-22 10:40
Can Tesla Make Money on Discounted Cars? Yes. Brandon Bell / Getty Images News via Getty Images News is that Tesla Inc. (NASDAQ: TSLA) has cut the prices of most of its models in the United States, Germany, and China. Almost certainly, the intent is for people to pick a Tesla over electric vehicle (EV) competition, or to get people on the sidelines and not buying EVs to enter the market. For Tesla investors, a question is whether the company can make money on these discounted cars with price cuts of $2,00 ...
Buffett Grabs More of This Stock, Plus Other Notable Insider Buying
24/7 Wall Street· 2024-04-21 12:45
Core Insights - Warren Buffett's Berkshire Hathaway has increased its stake in Liberty Media Corp, acquiring over 1.3 million shares at prices ranging from $25.36 to $26.55, totaling more than $29.3 million, bringing its total holdings to approximately 69 million shares [4][6] - Insider buying activity has generally slowed, but notable purchases were made in various sectors, including media, biotechnology, and industrials [1][19] Liberty Media - Berkshire Hathaway has boosted its stake in Liberty Media Corp (NASDAQ: LSXMK) to around 69 million shares after a previous purchase of over $66 million [4] - The stock price of Liberty Media has decreased by about 15% since the beginning of the year, and the company is in the process of merging with Sirius XM Holdings Inc [4][6] Acrivon Therapeutics - Perceptive Advisors purchased over 2.3 million shares of Acrivon Therapeutics Inc (NASDAQ: ACRV) at $8.50 per share, totaling around $20 million [9] - The stock has risen over 114% since the start of the year, largely due to a $130 million funding announcement, with a mean price target suggesting an additional upside of approximately 84% [9] UL Solutions - Insiders, including CEO Jennifer Scanlon, bought more than 590,600 shares of UL Solutions Inc (NYSE: ULS) at $28.00 per share, costing over $16.5 million [12] - The shares were last seen trading around $34, indicating a positive post-IPO performance despite recent market fluctuations [12] OncoCyte - Broadway Partners and other insiders acquired nearly 2.5 million shares of OncoCyte Corp (NASDAQ: OCX) at prices between $2.91 and $2.95, totaling over $7.1 million [14] - The stock has declined almost 25% in the past 90 days, but remains above its 52-week low of $2.08, with a consensus price target of $3.90 [14] GrafTech International - Colonial House Capital purchased around 2.3 million shares of GrafTech International Ltd (NYSE: EAF) at $1.78 per share, costing about $4.1 million [17] - The stock has fallen more than 32% year-to-date, with a consensus price target of $1.75, indicating limited analyst support for buying shares [17] Other Notable Insider Buying - Recent insider purchases were reported at companies including AES, America's Car-Mart, Federal Agricultural Mortgage, Lovesac, Neogen, Rocket Companies, RXO, SAIC, Walgreens Boots Alliance, and WD-40 [19]
The 5 Worst Ford Explorer Years To Avoid and 5 Years to Own
24/7 Wall Street· 2024-04-20 16:38
The 5 Worst Ford Explorer Years To Avoid and 5 Years to Own jetcityimage / iStock Editorial via Getty Images First released in 1991, the Ford Explorer is one of the most popular SUVs on the market today. Ford has even gone as far as to say the Ford Explorer is the most popular SUV of all time. For Ford, creating a quality vehicle like the Explorer will earn long-term repeat customers, something Ford (NYSE:F) needs to keep pace with a growing list of strong competitors. Ford’s stock has been trading sidewa ...
This AI “Moonshot Stock” Has 10X Returns Potential
24/7 Wall Street· 2024-04-20 16:24
This AI "Moonshot Stock" Has 10X Returns Potential Shutterstock / Piotr Swat AI stocks have been in free fall across the past week. The primary culprit is the broader market. The S&P 500 has been down six days in a row while the Nasdaq is down nearly 7% since April 11th. It’s not far from taking just two weeks to enter correction territory. The broader market’s decline can be traced to interest rates. Stocks rallied over the past six months as it appeared the Federal Reserve would move to rate cuts. With ...
Could Plummeting AI Stock Prices Delay an NVIDIA Stock Split?
24/7 Wall Street· 2024-04-20 14:10
Could Plummeting AI Stock Prices Delay an NVIDIA Stock Split? Shutterstock / Piotr Swat AI stocks were sold off big on Friday. NVIDIA (Nasdaq: NVDA) closed down an even 10% while Super Micro Computer (Nasdaq: SMCI) plummeted 23.14%. There were some earnings in the AI space that spooked investors during the week (both Taiwan Semi and ASML fell after earnings), but the reality is that Friday was likely just a rotation out of AI stocks that are seen as risky ahead of earnings season. If you’ve been investing ...
What You Really Need to Know to Build Passive Income in the Stock Market
24/7 Wall Street· 2024-04-20 12:59
What You Really Need to Know to Build Passive Income in the Stock Market fizkes / Shutterstock.com Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have contributed 68%. Therefore, sustainable dividend income and capital appreciation potential are essential for total return expectations.Most dividend investors seek solid passive income streams of quality dividend stocks. Passive income is a steady stream of unearned income that doesn ...
Tesla Drops Prices, Again
24/7 Wall Street· 2024-04-20 12:31
Tesla Drops Prices, Again Courtesy of Tesla Probably looking to keep its 51% market share in the US, Tesla (NASDAQ: TSLA) has cut prices on most of its models. It lowered prices on several late last year and early in 2024. Tesla’s issues may be so difficult that it is in deep trouble.Reuters reports that, after a review of the Tesla website, the Base Model Y model price was cut to $42,990. The long-range and performance models were dropped to $47,990 and $51,490. The price of the Model S fell to $72,990. ...
Why AI Leader Nvidia Dipped 10% This Week
24/7 Wall Street· 2024-04-20 12:15
Why AI Leader Nvidia Dipped 10% This Week Shutterstock / rafapress AI phenomenon Nvidia (Nasdaq: NVDA) got the wind taken out of its sails this week. After tumbling 10% from fresh all-time highs of almost $1,000 seen in March, Nvidia stock found itself slipping below the psychologically sensitive $800 level.Given its roughly 5% weighting in the S&P 500, Nvidia’s performance also weighed on the broader markets, dampening the mood and reminding investors of just how influential big tech stocks can be, in go ...
How To Generate $10,000 In Passive Income This Year
24/7 Wall Street· 2024-04-19 20:32
How To Generate $10,000 In Passive Income This Year Dilok Klaisataporn / Shutterstock.com The Bureau of Labor Statistics reported in early April 2024 that the Consumer Price Index rose 3.5%. This means inflation has now exceeded the Federal Reserve’s 2% inflation target for 37 consecutive months. In the face of waning purchasing power, investors with liquid investable assets are faced with either tightening their belts or adding extra income streams. Investing in dividend stocks is one way to generate tha ...