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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 ...
Why Disney stock is lighting up Wall Street
Finbold· 2024-11-14 16:11
Investors generally tend to think, at least subconsciously, that large, well-established companies — household names, to be more precise, don’t go through rough periods. There’s simply something surreal about the thought of, say, Coca-Cola (NYSE: KO) or Walmart (NYSE: WMT) struggling.But it does happen — case in point, entertainment bastion and treasured purveyor of childhood memories Disney (NYSE: DIS). Although it is hard to imagine, the House of Mouse has run into quite a few issues after hitting its all ...
Analyst revises TSLA share price as Tesla looks like Elon Musk's ‘proxy'
Finbold· 2024-11-14 15:24
A Wall Street analyst has revised Tesla’s (NASDAQ: TSLA) stock price target upward by over 50% as TSLA shares rally in line with optimism surrounding Donald Trump’s election.Jefferies analyst Philippe Houchois raised the stock target from $195 to $300 while maintaining a ‘Hold’ rating in an investor note to clients on November 14.According to Houchois, the update highlights the optimism around Tesla’s growth across its various ventures, spurred by post-election expectations of deregulation under the Trump a ...
Why Intel stock is surging
Finbold· 2024-11-14 12:50
Amidst a flurry of well-performing semiconductor stocks in the current 2-year bull run, Intel (NASDAQ: INTC) has been struggling. The chipmaker failed to respond quickly enough to the AI boom, while revenue decreases, a shrinking market share, and cost-cutting measures have shaken investor confidence. At press time, Intel shares were trading at $24.92 — year-to-date (YTD) losses stood at 47.87%. On November 13, INTC shares unexpectedly rallied by 3.90% — signaling that the processor giant’s fortunes could b ...
AI predicts Nvidia (NVDA) stock price after Q3 earnings
Finbold· 2024-11-14 11:02
Core Insights - Nvidia is set to announce its Q3 2024 earnings on November 20, with significant expectations surrounding its performance in the AI sector [1][2] - The stock has shown volatility, recently closing at $146.27, down 1.36%, but showed minor strength before the upcoming earnings report [2] - Analysts have high expectations for Q3, with revenue guidance of approximately $32.5 billion and gross profit margins around 75% [3][6] Financial Expectations - Nvidia expects Q3 revenue of approximately $32.5 billion, with a gross margin of about 75% and an earnings per share (EPS) estimate of $0.74 [3][6] - Analysts have set a revenue estimate of $32.94 billion and an EPS estimate of $0.74, indicating a closely watched earnings report [3][6] Price Prediction Scenarios - If Nvidia exceeds expectations, the stock price could rise to approximately $153.30 (5% increase) or $160.60 (10% increase) [7] - Conversely, if Nvidia misses expectations, the stock price could drop to around $138.70 (5% decrease) or $131.40 (10% decrease) [7] Market Sentiment and Analyst Outlook - Wall Street analysts have raised their price targets for Nvidia, with Mizuho increasing its target from $140 to $165, citing optimism in AI and data center markets [7][8] - Morgan Stanley's Joseph Moore raised his target from $150 to $160, highlighting the demand for upcoming Blackwell chips, but noted potential supply chain constraints [8] - Piper Sandler analyst Harsh Kumar expects Nvidia's stock to rise to $175, despite similar supply chain concerns [9]
Tesla recalls more than 57,000 Cybertrucks in 2024
Finbold· 2024-11-14 10:08
Marketed as a durable, rugged vehicle, Tesla’s (NASDAQ: TSLA) Cybertruck has faced persistent criticism over performance issues, including breakdowns under basic conditions like rain, ever since its release.Considering the growing reputation, it may come as no surprise that Finbold’s research found Tesla might have been forced to recall up to 57,332 Cybertrucks since the start of 2024 – an average of 172 units per day since January 1.In total, there have been five recalls affecting the Cybertruck specifical ...
Here's Google stock's path to $235 by Q1 2025
Finbold· 2024-11-13 11:59
Alphabet Inc. (GOOG) has shown impressive resilience in 2024, gaining around 31% amid a challenging economic and regulatory environment.As the company strengthens its position in artificial intelligence and digital advertising, it is also navigating competitive pressures and multiple antitrust challenges.With technical indicators signaling further bullish momentum, GOOG appears on track for a potential rise to $235 by the end of Q1 2025. Technical indicators signal a bullish outlookAccording to an analysis ...
AI predicts Amazon stock price after plans to rival Nvidia chips emerge
Finbold· 2024-11-12 18:05
Amazon (NASDAQ: AMZN) is aiming to challenge Nvidia’s (NASDAQ: NVDA) dominance in the artificial intelligence space by planning to launch its custom-made chips.Reports indicate that Amazon’s Annapurna Labs is ramping up AI chip production as part of the company’s push to reduce reliance on Nvidia. The chip, dubbed Trainium 2, is nearing market launch, having undergone testing with other key industry players, such as Anthropic and Databricks.If successful, Trainium 2 is expected to help Amazon cut AI costs—a ...
Wall Street analyst revises Tesla (TSLA) stock price with bull case in play
Finbold· 2024-11-12 13:17
Core Viewpoint - Tesla's stock projection has been positively revised due to CEO Elon Musk's political affiliation with President-elect Donald Trump, leading to increased investor optimism and a potential $500 bull case for the company [1][2]. Stock Performance - Tesla's stock has experienced a 40% rally, reaching a two-year high, and surpassing Morgan Stanley's previous price target of $310 [2]. - The current share price is around $350, reflecting a significant increase from approximately $11x EV/EBITDA to 16x based on FY30 forecasts [3]. Analyst Insights - Morgan Stanley's Adam Jonas has raised the price target for Tesla to $500, indicating a valuation of just below 24x EV/EBITDA at that price [3]. - Wedbush Securities' Dan Ives has also increased Tesla's price target from $300 to $400, citing the potential for artificial intelligence and autonomous technology to thrive under the Trump administration, representing a $1 trillion opportunity for Tesla [4][5]. Market Dynamics - Tesla's stock closed at $350, up nearly 9% for the day, with a notable 40% increase over the past week [7]. - The stock has shown strong buying interest, breaking out from the $280-$290 resistance range, and could potentially test its previous all-time high of $414.50 [9]. Short Selling Impact - Since Trump's victory, short sellers have incurred losses of approximately $7.8 billion, with expectations of continued short covering due to the rally-induced short squeeze [9][10].