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Here's Tesla's (TSLA) stock path to $4 trillion market cap
Finbold· 2024-10-26 17:25
Core Viewpoint - Tesla's market capitalization target of $4 trillion is being discussed, with recent price surges following better-than-expected Q3 2024 results indicating a potential path to this goal [1][4]. Stock Performance - Tesla's stock surged almost 23% in one week, reaching a price of $269.19, reversing losses for 2024 and resulting in a year-to-date gain of over 8%, leading to a market cap of $864 billion [1][6]. - The stock is beginning to break out from a multi-year consolidation phase, setting new 12-month highs, and is forming a "cup-and-handle" pattern, which signals a potential breakout [3][5]. Technical Analysis - Key price levels for Tesla's stock include approximately $600, $800, and $1,200 per share, with a bullish scenario potentially reaching $1,243, which could push the market cap above $4 trillion [3][4]. - The stock displays a "double gap" formation, indicating potential future volatility, and the stochastic oscillator supports the current rally [5][6]. Fundamental Analysis - Achieving a $4 trillion market cap would likely require additional catalysts from Tesla's product lineup and advancements in autonomous technology [4]. - Analysts suggest viewing Tesla not just as an EV company but also as an AI equity, with some considering it the most underpriced AI play in the market [4][6]. - Q3 results showed a year-over-year revenue growth of 7.85% to $25.18 billion, with mixed price targets set between $250 and $300 [6].
How will Amazon stock react to Q3 earnings?
Finbold· 2024-10-26 16:54
As Amazon (NASDAQ: AMZN) prepares for its third-quarter earnings release on October 31, market expectations are rising. With Amazon’s stock price relatively flat over the past quarter at a current level of $187, investors are wondering if this upcoming report could serve as a catalyst for renewed momentum. While macroeconomic challenges are pressuring Amazon’s core retail business, its strengths in cloud computing and advertising remain focal points, likely playing a key role in its Q3 results and providing ...
ChatGPT-4o picks 2 nuclear stocks to buy now amid AI boom
Finbold· 2024-10-26 15:31
Group 1: Industry Overview - The growth of artificial intelligence (AI) is driving an increasing demand for clean energy, particularly nuclear energy, creating investment opportunities in nuclear energy-related equities [1] - The demand for nuclear energy is closely tied to uranium, leading to increased investor interest in uranium-related investment products [1] Group 2: Cameco (NYSE: CCJ) - Cameco is one of the largest uranium producers globally, which instills confidence in its equity among investors [2] - Recent partnerships with nuclear energy players, such as Brookfield Renewable Partners, are notable growth drivers for Cameco [2] - BofA Securities raised its price target for Cameco to $63 from $60 while maintaining a 'Buy' rating, and Goldman Sachs set a price target of $55 [2] - The upcoming earnings report on November 7 is expected to show a profit of $0.28 per share, reflecting a year-over-year growth of 16.67%, with revenue projected at $532.06 million, up 24.12% from last year [2] Group 3: NuScale Power (NYSE: SMR) - NuScale Power is recognized for its role in small modular reactor (SMR) technology, offering compact and scalable reactor designs [3][4] - The company has entered an agreement with Fluor and Transworld Services for Front-End Engineering and Design services related to its SMR project in Romania [4] - Despite reporting a net loss of $74.4 million in Q2 2024, NuScale maintains a solid cash position of $136 million [4] - Analysts have issued 'Buy' ratings for SMR stock, which has shown strong performance, reaching a record high of nearly $20, and is currently valued at $18.41 with year-to-date returns of 86% [4]
2 cheap Warren Buffet stocks not to ignore in 2025
Finbold· 2024-10-26 15:02
Group 1: Warren Buffett's Investment Strategy - Warren Buffett is recognized for selecting stocks with long-term growth potential, focusing on those with competitive advantages [1] - Buffett's portfolio consistently outperforms the market, making his stock picks a solid foundation for any investment portfolio [1] Group 2: Occidental Petroleum (OXY) - Occidental Petroleum is Buffett's second-largest energy holding and sixth-largest overall position, indicating strong confidence in its long-term potential [2] - Currently trading at $51.61, OXY is near its 2.5-year lows, presenting an attractive entry point for investors [3] - Berkshire Hathaway holds 255.28 million shares of OXY, valued at approximately $16 billion, which constitutes 5.75% of its portfolio [3] - OXY's trailing P/E ratio is 13.33, and its forward P/E ratio is 17.41, highlighting its undervalued status in the energy sector [3] - Over the past year, OXY's price has decreased by 17.51%, providing a potential entry point for energy market investors [3] - Occidental exceeded production targets by producing an additional 6,000 barrels per day in Q2, and its recent $12 billion acquisition of CrownRock enhances its capacity to benefit from a rebound in oil prices [4] - The company's investment in carbon capture technology aligns with global environmental goals, positioning it for long-term value creation [4] Group 3: Kraft Heinz (KHC) - Kraft Heinz is a core holding in Buffett's portfolio, with 325.63 million shares valued at $10.49 billion, making up 3.75% of his investments [5] - Currently trading at $34.74, Kraft Heinz has delivered a total return of only 8.3% over the past three years, underperforming the S&P 500's 38% total return [5] - Kraft Heinz's forward P/E ratio is 11.29, and its PEG ratio is 3.69, indicating it is undervalued compared to competitors in the consumer staples sector [5] - The stock is trading significantly below its initial 2015 opening price of $71 and its 2017 peak, suggesting a potential turnaround opportunity [5] - Despite challenges such as multiple contractions and concerns over GLP-1 weight loss drugs, Kraft Heinz generated $12.9 billion in revenue in the first half of 2024, showcasing its brand appeal [6] - The company offers a 4.61% dividend yield, making it attractive for dividend-focused investors [6] - Buffett's endorsement of these stocks suggests they are undervalued opportunities for investors seeking a value-driven strategy [6]
This small energy stock is surging, powering the future of sustainable growth
Finbold· 2024-10-25 17:15
Core Insights - Global energy demand is projected to increase significantly by 2030, primarily driven by emerging economies and the expansion of artificial intelligence, leading to a heightened focus on low- and zero-carbon energy solutions [1] - Dominion Energy is identified as a promising player in the energy sector due to its innovative partnerships and long-term growth initiatives centered on renewable energy [1] - The company's stock is currently trading near its 52-week high at $59, reflecting a year-to-date gain of 28% [1] Strategic Partnerships - Dominion Energy has formed a Memorandum of Understanding with Amazon Web Services (AWS) to explore small modular nuclear reactors (SMRs) near its North Anna nuclear power station, addressing the rising demand from data centers and population growth [2] - Over the past five years, Dominion has connected 81 data centers requiring 3.5 GW of electricity, with AWS expecting the new SMRs to generate at least 300 megawatts for the Virginia region [2] Renewable Energy Expansion - Dominion is expanding its renewable energy footprint through the Coastal Virginia Offshore Wind (CVOW) project, which is the largest offshore wind farm under construction in the U.S. at 2.6 GW, expected to power over 660,000 homes by the end of 2026 [3] - The recent sale of a 50% non-controlling interest in CVOW to Stonepeak generated $2.6 billion, enhancing Dominion's financial position and reinforcing its focus as a regulated electric utility [3] Infrastructure Development - The launch of Charybdis, the first Jones Act-compliant offshore wind turbine installation vessel in the U.S., marks a significant milestone for Dominion Energy [4] - Dominion has connected nine new data centers in 2023, aiming for a total of 15 new connections by the end of 2024, and plans to add 21.1 GW of new clean energy capacity over the next 15 years [4] Future Plans - By 2039, Dominion aims to add approximately 3.4 GW of offshore wind, 12 GW of solar energy, and 4.5 GW of battery storage, along with five small modular nuclear reactors contributing an additional 1,340 MW [5] Financial Performance - Dominion Energy has a market cap of $50.24 billion and an enterprise value of $94.52 billion, with a trailing PE ratio of 31.61 and a forward PE of 19.47, indicating a somewhat high valuation [6] - The PEG ratio of 1.56 suggests a reasonable alignment between price and expected growth, making Dominion a stable long-term investment despite its relatively high valuation [6] Industry Positioning - As the global shift toward sustainable energy accelerates, Dominion Energy is well-positioned to capitalize on this transition, emerging as a key player in sustainable growth [7]
Tesla stock price prediction if Kamala Harris wins Presidency
Finbold· 2024-10-25 15:57
The third-quarter (Q3) earnings report abruptly ended Tesla’s (NASDAQ: TSLA) losing streak and led the electric vehicle (EV) maker to have one of its best stock market days ever, as the EV maker surged more than 24% within a single session.Subsequent market moves enabled Tesla to grow its market capitalization by some $150 billion within hours – and Elon Musk’s wealth by some $20 billion. Such a rise, while enabling TSLA to turn green in the year-to-date (YTD) chart after several months in the negative, als ...
2 cheap dividend stocks not to ignore in 2025
Finbold· 2024-10-25 15:53
As 2025 fast approaches, one prevailing factor is economic uncertainty, and for income-seeking investors, the stock market offers several opportunities. In this regard, affordable stocks exist with a reputation for consistently paying dividends over the years. Below are two equities to consider, as they combine strong yields with value pricing, making them standout choices for those looking to enhance their portfolios with steady cash flow.AT&T (NYSE: T)AT&T’s (NYSE: T) share price has had a stellar 2024, g ...
TSLA eyes $380 as Tesla's Q3 earnings erase Robotaxi setback
Finbold· 2024-10-25 15:13
Tesla Inc. (NASDAQ: TSLA) saw its stock surge nearly 20% in a single session following its Q3 earnings report, which surpassed Wall Street expectations and reignited investor confidence after recent concerns about the company’s growth trajectory.This impressive rally led to a record-breaking $126 billion increase in Tesla’s market cap within a single day, the largest one-day jump in the company’s history. The robust earnings report, paired with a projection of “slight” growth in deliveries, has helped ease ...
Perplexity AI predicts Microsoft stock price amid Bitcoin investing proposal
Finbold· 2024-10-25 14:45
Microsoft (NASDAQ: MSFT) shareholders will vote on a Bitcoin (BTC) investment proposal on December 10. The company’s board has positioned against it, fueling speculations with the growing controversy.Finbold turned to Perplexity AI for real-time analysts’ insights on Microsoft stock price prediction related to the voting issue. Essentially, Perplexity Online is an artificial intelligence model that can scan the web for up-to-date analyses, competing with OpenAI’s ChatGPT.The model has already provided an Nv ...
Analyst downgrades Apple stock, sets next APPL low target
Finbold· 2024-10-25 11:59
KeyBanc analyst Brandon Nispel is forecasting more downside for Apple (NASDAQ: AAPL) stock, citing several issues, primarily regarding market reception for the company's latest iPhone 16 series. In an investor note on October 25, Nispel downgraded Apple (AAPL) to "Underweight" from "Sector Weight," setting a price target of $200. The downgrade comes as Apple stock faces increased short-term volatility, dropping over 2% in the past week. At the close of the last trading session, AAPL was valued at $230.57, e ...