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Key Tesla stock price levels to watch this week
Finbold· 2024-11-17 18:13
The share price of electric vehicle manufacturer Tesla (NASDAQ: TSLA) remains at a critical juncture, facing the increasing threat of dropping below the $300 support.To some extent, the stock has cooled down from its post-election momentum, where investors were anticipating the equity would touch the crucial $400 mark. As of press time, TSLA was valued at $320.72, ending the November 15 trading session up over 3%. On the weekly chart, Tesla is down over 7%.  TSLA seven-day price chart. Source: FinboldTSLA s ...
AI predicts Shopify (SHOP) stock price for year-end
Finbold· 2024-11-17 14:12
Shopify Inc. (NYSE: SHOP) has cemented its position as a leader in the e-commerce sector. Currently trading at $108.49, Shopify’s stock has surged by 22% in the past five days and is up an impressive 46% year-to-date (YTD). While the stock has delivered an outstanding 85% over the last six months, questions linger about its ability to sustain this growth as 2024 comes to a close. Shopify one-month stock price. Source: Google FinanceTo gain clarity on the stock’s future trajectory, Finbold consulted OpenAI’s ...
Here's why chances of Tesla stock pullback are increasing
Finbold· 2024-11-16 18:07
After the recent price breakout, Tesla (NASDAQ: TSLA) stock could be facing a potential pullback based on the equity’s technical setup.Tesla closed the week at $320.72, up 3.07%. The stock has seen significant investor interest amid the post-election rally that pushed it toward the $400 resistance. Analysis indicates that TSLA has formed a bearish counter-attack pattern on the weekly chart, a reversal signal that often emerges near resistance zones, according to GDXTrader in an X post on November 16. “TSLA ...
2 tech stocks to buy and hold for long term
Finbold· 2024-11-16 17:21
For years, the technology sector has been a cornerstone of substantial returns, consistently outperforming other industries through sustained growth and innovation. The emergence of artificial intelligence (AI) has further accelerated this momentum, reshaping market dynamics and elevating companies at the forefront of this revolution to unprecedented levels.Among these companies, Meta Platforms (NASDAQ: META) and Amazon (NASDAQ: AMZN) stand out by effectively harnessing AI, digital advertising, and e-commer ...
Here's what Cathie Wood is buying as she sells off Tesla shares
Finbold· 2024-11-15 14:18
Cathie Wood, CEO of Ark Investment Management (ARKK), is making waves with a significant portfolio adjustment. Known for her bold bets on disruptive innovation, Wood is recalibrating her focus by trimming her holdings in Tesla (NASDAQ: TSLA) and ramping up investments in Amazon (NASDAQ: AMZN).Over the past few weeks, Ark unloaded a combined total of 404,400 Tesla shares through multiple transactions, including major sales of 85,500 shares on October 24, 120,000 shares on October 28, and additional sales acr ...
Nvidia just updated its equity portfolio
Finbold· 2024-11-15 13:31
Nvidia (NASDAQ: NVDA) has just revealed an update to its equity portfolio through a 13F-HR filing dated November 14, 2024. Nvidia SEC Form 13f. Source: Nvidia Corp This latest 13F-HR report showcases Nvidia's continued focus on advanced technology investments, with a strategic new addition to its portiblio: 7.7 million shares of Applied Digital Corp (NASDAQ: APLD), a high-performance computing and digital infrastructure company. Valued at approximately $63.66 million, this acquisition signals Nvidia's inten ...
Analysts revise Nvidia stock price targets
Finbold· 2024-11-15 13:02
In a year dominated by hype surrounding the potential of artificial intelligence, no company has made out better than semiconductor industry leader Nvidia (NASDAQ: NVDA). With cutting-edge solutions that have secured a vast majority of compute market share, the Jensen Huang-led venture has managed to accrue gains of 203.57% on a year-to-date (YTD) basis after rallying by 7.74% over the course of the last 30 days. At press time, NVDA stock was trading at $146.22. NVDA stock monthly and YTD price charts. Sour ...
Here's why Tesla stock is crashing
Finbold· 2024-11-15 12:19
Though it had its fair share of troubles throughout 2024, even being the worst-performing S&P 500 stock at one point in the year, Tesla Motors (NASDAQ: TSLA) experienced two major rally catalysts in the last 30 days.In fact, TSLA shares gained so much positive momentum that they are up 41.72% in the last 30 days. Still, one of the same events that led to the mid-term rally also triggered Tesla stock’s most recent drop – Donald Trump’s presidential election victory.Specifically, the November 14 news that the ...
U.S. politician just disclosed Tesla stock purchase made before the election
Finbold· 2024-11-15 11:28
Tesla (NASDAQ: TSLA) has been on a significant upward trajectory recently, trading at $311.18 despite a 5.77% dip yesterday. The decline came on the heels of reports that President-elect Donald Trump may seek to eliminate electric vehicle tax credits, a move that could impact demand for Tesla vehicles. Nevertheless, the stock has surged by an impressive 41.72% over the past month, rewarding those who invested before the rally. One of the beneficiaries of Tesla's recent climb is Representative Morgan McGarve ...
META stock: Is it time to take profits or wait for a better opportunity?
Finbold· 2024-11-15 11:21
Meta Platforms Inc. (NASDAQ: META) has become a focal point for investors this year, driven by advancements in artificial intelligence (AI) and rising engagement across its flagship platforms, Facebook and Instagram.However, recent price volatility and intensifying regulatory scrutiny are causing investors to weigh the potential for further gains against the risk of near-term headwinds.As of the market close on November 14, META is trading at $576, reflecting a 0.5% loss over the past 24 hours. Over the pas ...