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Apple stock to become a ‘great buy' if it breaks out from this price level
Finbold· 2024-08-31 16:50
Over the past year, the stock price of technology giant Apple (NASDAQ: AAPL) has struggled to achieve a significant breakout, with investors hoping the company might catch up to peers driving the artificial intelligence (AI) space.Notably, a key target for AAPL is the $250 mark, which investors believe could drive the equity to new heights. As of 2024, the stock has gained over 23%, trading at $229 at press time. This price level reflects a daily loss of less than 0.5%.AAPL YTD stock price chart. Source: Fi ...
Must-have stocks for passive income in 2025
Finbold· 2024-08-30 16:00
In addition to profiting from ordinary trading activities, the stock market offers opportunities for investors seeking passive income through dividend payouts. Notably, some stocks are set up to reward shareholders regularly. As the markets look ahead to 2025, several stocks can be tapped to offer passive income. Some of these companies have a history of stable dividends and consistent growth.Therefore, below are three stocks to consider for a dividend-focused portfolio in 2025. Johnson & Johnson (NYSE: JNJ ...
Analyst lays out path for BABA stock to $116, citing a ‘new start'

Finbold· 2024-08-30 14:39
After a three-year-long probe into its monopolistic practices, Alibaba (NYSE: BABA) received a green light from the Chinese State Administration for Market Regulation (SAMR) in a statement on August 30, in what some experts see as a ‘new start’ for the e-commerce giant.After being placed under a probe and fined $2.8 billion in 2021 for its unfriendly practices, including exclusive agreements for sellers and unfriendly market practices towards its rivals, Alibaba is seemingly yet again on good terms with the ...
Here's why Nio stock is surging

Finbold· 2024-08-30 12:07
After experiencing a significant setback in 2024, Nio (NYSE: NIO) shares have tumbled more than 50% since the start of this year, leaving many investors wondering whether it is time to cut the losses or whether a turnaround is soon on the cards.However, the latest trading session on August 29 recorded a 6.49% gain, after which NIO stock closed at $3.94. Gains of 6.60% extended into pre-market, allowing NIO shares to surpass the $4 threshold, a level they traded below for most of the previous month. NIO stoc ...
Investment giant reveals Tesla stock's ‘Apple-esque ecosystem' for future energy
Finbold· 2024-08-29 15:27
While Tesla (NASDAQ: TSLA) is widely recognized for its electric vehicles (EVs), a new analysis from William Blair, a $17 billion investment firm, suggests that the company’s energy storage business may be its next growth driver. Instead of focusing on the company’s EV business, the firm highlighted the unrealized potential of Megapack and Powerwall products, which could be significant future growth drivers, when initiating coverage of TSLA shares with an “outperform” rating in a note released on August 29. ...
Meta AI predicts Tesla stock price for 2025
Finbold· 2024-08-29 14:22
Although Tesla (NASDAQ: TSLA) stock has entered bearish territory after the energetic Mad Money host Jim Cramer referred to it as a “strong stock,” the newly released artificial intelligence (AI) model remains undecided regarding its potential price performance in 2025.Indeed, Tesla stock has not had stellar price action this year, particularly in recent weeks and after Cramer’s latest comments, with one analyst opining that hopes of recovery for shares of the electric vehicle (EV) manufacturer led by Elon ...
Nvidia stock faces potential 20% crash, warns Private Equity Firm
Finbold· 2024-08-29 14:07
Despite Nvidia (NASDAQ: NVDA) strong Q2 earnings report on August 28, which exceeded market expectations, the company’s stock surprisingly dropped by 8% in after-market trading. Analysts from Musketeer Capital Partners have warned that this may be just the beginning of a more significant downturn.After posting a double beat on its earnings expectations, NVDA stock experienced a decline in value, potentially spurred by the lower beat on earnings compared to the previous quarters and a somewhat constrained fo ...
Analysts revise Nvidia stock price target post earnings
Finbold· 2024-08-29 10:15
After the recent Nvidia (NASDAQ: NVDA) earnings call, in which CEO Jensen Huang and CFO Colette Kress reported on the demand for their company’s artificial intelligence (AI) chips, Blackwell plans, and other aspects, Wall Street analysts have started to revise their Nvidia stock price targets.Indeed, Nvidia has delivered a better-than-expected earnings report, stating that sales from the semiconductor giant’s data center business more than doubled in Q2 compared to the year before and reached a new record, ...
Lockheed Martin stock price prediction amid $5 billion U.S. Army deal
Finbold· 2024-08-29 10:08
On August 28, the current largest U.S. defense contractor, Lockheed Martin (NYSE: LMT), received a $5 billion contract from the U.S. Army to produce and maintain necessary military and defense equipment.The contract envisions allocating $3.9 billion to the manufacturing of F-35 Lightening II aircraft, its maintenance, and upgrades, while the other $1 billion is aimed at funding the maintenance of F-35 Joint Strike Fighter (JSF) laboratory facilities and F-35 developmental flight test activities.This contrac ...
Is GameStop stock back? GME reveals that it is debt-free
Finbold· 2024-08-29 08:37
Core Insights - GameStop experienced a resurgence in stock price due to renewed interest from investors, particularly following cryptic posts from Keith Gill, leading to significant volatility in the stock market [1][2] - The company issued 45 million new shares on May 17 to raise cash for debt management, which has proven effective as GameStop announced the termination of a $250 million debt on August 28 [1][5] - Despite recent stock price declines, GameStop's shares are still up 19.38% year-to-date [4] Financial Performance - GameStop's stock price surged from approximately $16 to nearly $50 between May and June, causing short-sellers to incur losses of nearly $2 billion [2] - The company reported a cash pile of $4 billion after raising $900 million from the issuance of 45 million shares, along with an additional 75 million shares issued in its Q1 earnings report [5] - The termination of the $250 million loan is expected to enhance the company's investment grade and alleviate the burden of debt and interest in upcoming earnings reports [6]