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Perplexity AI predicts McDonald's (MCD) stock price amid E. coli outbreak
Finbold· 2024-10-23 14:16
McDonald’s (NYSE: MCD) stock price is crashing amid an E. coli bacteria outbreak with reported hospitalizations and deaths. Finbold turned to Perplexity Online AI for real-time web insights and a price prediction for McDonald’s stock as things develop.According to multiple sources, the E. coli outbreak is related to one of McDonald’s flagship products, the Quarter Pounder burger. In particular, The Kobeissi Letter highlighted an over 10% crash right after the news, with ten hospitalizations and one death.BR ...
When will Tesla (TSLA) stock hit $400?
Finbold· 2024-10-23 13:53
Tesla (NASDAQ: TSLA) is at the center of excitement over the company’s new product lineup, but investors are cautious about its stock performance. Despite this environment, long-term price targets like $400 remain in focus.The target is a possibility despite the ‘disappointing‘ October 10 Robotaxi Day event, during which TSLA plunged 8.8%.By the close of the latest market session, Tesla stock was valued at $217.97, dropping 0.40% for the day. These losses have extended on the weekly chart, with TSLA down 1. ...
93% of analysts give Nvidia stock a ‘Buy' rating
Finbold· 2024-10-23 12:58
Nvidia (NASDAQ: NVDA) has been a darling of Wall Street, with 92.86% of analysts giving the stock a “Buy” rating as of October 2024. Out of 42 analysts, 39 recommend buying, while only 3 suggest holding, and none are advising to sell. Wall Street analysts offered 12-month price targets for Nvidia, with an average target of $153.86 and a high forecast of $200.00, suggesting a 7.15% upside from its current levels, with some analysts predicting even more significant gains.NVDA 12-month stock price forecast. So ...
Monster insider trading alert for Netflix (NFLX) stock
Finbold· 2024-10-23 12:03
Netflix (NASDAQ: NFLX) is witnessing a surge in insider selling activity, with several top executives offloading significant portions of their holdings. According to an SEC filing, Co-CEO Gregory K. Peters sold 4,186 shares of Netflix common stock on October 18, 2024, as part of a pre-established Rule 10b5-1 trading plan, which he adopted on July 26, 2023. Peters executed this transaction for $750 per share, resulting in proceeds of approximately $3.14 million. Prior to the sale, Peters exercised stock opti ...
Analysts revise Qualcomm stock price target
Finbold· 2024-10-23 10:42
So far, Qualcomm (NASDAQ: QCOM) has been experiencing significant stock market success in 2024, albeit not without facing some headwinds along the way.Indeed, though the stock is up 23.50% year-to-date (YTD) to its latest closing price of $173.18, it is simultaneously down a significant 24% from its June highs near $230.The growing issues become even more evident once the 5.13% drop in the extended session between Tuesday, October 22, and Wednesday, October 23, is factored in. QCOM stock YTD price chart. So ...
Amazon chart pattern alert — 63% upside?
Finbold· 2024-10-23 10:25
Amazon (NASDAQ: AMZN) has experienced growth in 2024 — but it has been far from smooth and uneventful. While AMZN’s share price has appreciated, inflation, supply chain issues, and regulatory scrutiny, as well as increased competition, have served to limit the rally.In July and August, the stock experienced a significant 19.5% crash — dropping from an all-time high of $200 on July 2 down to $161 on August 4. Since then, the online retail leader has been on a steady road of recovery — at press time, AMZN sha ...
AI predicts Google stock price for year-end
Finbold· 2024-10-22 17:39
Core Viewpoint - Alphabet Inc. has faced a stock price pullback from its all-time high of $192 due to antitrust pressures and increased competition in the AI sector, with current trading at $164 and a modest gain of 1% over the past month, leading to predictions of a stock price range between $170 and $190 by the end of 2024 [1][5] Legal Uncertainty and Antitrust Concerns - Ongoing antitrust case by the U.S. Department of Justice accuses Google of maintaining an illegal monopoly in search and text advertising, with a recent temporary victory allowing a delay in court-mandated remedies related to its Play Store [2] - Legal challenges remain significant, and adverse outcomes could have long-term implications for Google's core business [2] AI Dominance and Growth Opportunities - Google's search engine market share is projected to drop below 50% for the first time in over a decade due to emerging AI competitors like Perplexity and OpenAI's ChatGPT [3] - Despite competition, Google is actively pursuing AI advancements, including a partnership with Honeywell to enhance industrial efficiency through its Gemini AI [3][4] Waymo's Autonomous Vehicle Expansion - Waymo continues to lead in the robotaxi sector, with analysts predicting significant operational scaling ahead of competitors like Tesla, which has faced challenges in its robotaxi initiatives [4] - Wall Street analysts have not fully accounted for Waymo's growth potential in Alphabet's overall valuation, indicating untapped upside if Waymo's strategy is successfully executed [4] AI Prediction for Google Stock by Year-End - AI-driven models suggest Google's stock could reach $190 by the end of 2024, assuming legal challenges do not escalate and Waymo's expansion continues to gain traction [5] - A more conservative year-end price closer to $170 is also possible if antitrust rulings and AI competition further erode Google's market share [5] - The trajectory of Google's stock will depend on its ability to navigate legal challenges and capitalize on growth opportunities in AI and autonomous vehicles [5]
Netflix stock on track for $840: Here's the path to year-end gains
Finbold· 2024-10-22 15:15
With Netflix (NASDAQ: NFLX) recently hitting a record high following its strong Q3 2024 earnings report, an investment firm has projected that the stock is on track to breach the $840 mark by the end of 2024.This upward momentum is largely driven by the company’s strategic focus on expanding its core movie and TV offerings, alongside efforts in gaming and improving its advertising strategy. The streaming giant’s stock surged to a record close of just over $772 on October 21, 2024, marking a 34% gain over th ...
Did McDonald's shares fall after Trump's fry serving stunt?
Finbold· 2024-10-22 14:44
After former President Donald Trump made headlines serving fries at a McDonald’s drive-thru in Pennsylvania over the weekend, some were quick to speculate that the fast food giant’s stock might see some turbulence. During Monday’s trading hours, McDonald’s (NYSE: MCD) shares experienced a slight dip, but was it really due to Trump’s impromptu shift behind the counter?On Sunday, Trump was spotted chatting with voters and handing out fries, creating a buzz across social media. However, McDonald’s was quick to ...
Nvidia stock vs. Nvidia ETF: Which is the better buy?
Finbold· 2024-10-22 14:42
While Nvidia (NASDAQ: NVDA) has been among the world’s most-discussed and fastest-growing major companies, it hasn’t been an investment for everyone. Indeed, income-focused investors would find much to be desired when examining NVDA as, for example, a $1,000 stock purchase made in January would have yielded just $0.20 in dividends on October 3.One exchange-traded fund (ETF) – YieldMax NVDA Option Income Strategy ETF (NVDY) – set out to eradicate this deficiency and has, so far, met with stellar success. The ...