The recent stock market crash impacted even experts from large financial institutions which were made to rethink their holdings, such as BlackRock (NYSE: BLK) and its CEO Larry Fink.Namely, on August 6, Fink sold 148,450 BLK shares in eleven separate transactions at an average price of $845 per share for a total profit of $24,833,598.Fink’s sales of BLK stock on August 6. Source: SEC Fink was one of the most active insider traders of BLK stockIn his previous two trades, which were conducted on May 20 and Fe ...

With Nvidia’s (NASDAQ: NVDA) share price trading below the crucial $100 support level, several market participants point to various theories that might impact the stock.As a recap, Nvidia closed the August 7 session valued at $98, with less than 0.1% gains over the 24 hours. Although NVDA is down over 15% on the weekly chart, it continues to benefit from the company’s artificial intelligence (AI) bet, with the share price surging 105% in 2024.Nvidia stock price chart. Source: Google Finance Amid the downtur ...

After recent earnings and revenue projections fell short of expectations, and price reacted accordingly, marking the largest one-day decline in over two years, a number of analysts have lowered their price targets for Amazon (NASDAQ: AMZN) stock in the next 12 months.Indeed, Amazon reported earnings of $1.26 per share, beating the predicted $1.03, but failed to meet the expected revenue of $146.68 billion, instead delivering $147.98 billion and projecting the third quarter profit between $154 billion and $1 ...

Meta Platforms (NASDAQ: META), with a market cap exceeding $1 trillion, is poised for substantial growth, driven by robust artificial intelligence (AI)  integration across its platforms, including Facebook, Instagram, and WhatsApp.Formerly known as Facebook, Meta has solidified its position as a dominant force in the technology sector for over a decade. As a member of the “Magnificent Seven” group of leading tech giants, Meta significantly influences the overall stock market.  The stock is currently trading ...

So far in 2024, the winner of artificial intelligence (AI) rally has been clear, as Nvidia (NASDAQ: NVDA) recorded 116.42% year-to-date gain, compared to a negative performance of 6.06% from its main competitor, Advanced Micro Devices (NASDAQ: AMD) over the same period.NVDA and AMD stock performance on a YTD basis. Source: FinboldHowever, the recent stock market sell-off, especially among tech stocks, showcased that the scenery can rapidly change and completely shift the narrative, prompting a question: Whi ...

After the banking giant Barclays announced it is downgrading the entire retail sector to ‘neutral’ due to it not seeing much gross margin and, by extension, stock market growth potential within it, Jim Cramer had only a very succinct reaction to offer. Indeed, the energetic ‘Mad Money’ host and former hedge fund manager seemingly concurred with Barclays’ assessment as, in an X post, he merely stated that there are only three retailers worth investing in in the summer of 2024: Amazon (NASDAQ: AMZN), Walmart ...

Finding insider buys among the S&P 500 companies and their stock might prove challenging in 2024, with an overall sentiment heavily favoring sales by CEOs and other higher executives; however, there are some notable exceptions.The data from the previous 30 days reveals that some higher executives showed trust in their companies and purchased their stock, according to the stock analytics platform TrendSpider.Insider buys of S&P 500 stocks in the previous 30 days. Source: TrendSpider TFC, SCHW, and GM stock r ...

Although the news of a delayed launch for its Blackwell artificial intelligence (AI) chip has pushed the price of Nvidia (NASDAQ: NVDA) stock down, the technology giant’s shares have since recovered, with Wall Street analysts retaining their optimistic expectations throughout.As it happens, analysts have been upgrading Nvidia stock price targets across the board over the last two months, with projections ranging between $140 and $200, according to the observations by the market analytics platform TrendSpide ...

Group 1: Recall and Software Issue - Tesla is recalling over 1.68 million electric vehicles in China due to a software issue that could increase the risk of collisions [1] - The recall affects various models, including Model S, Model X, Model 3, and Model Y, and started on August 6 [1] - The software failure may prevent detection of an unlocked bonnet, potentially obstructing the driver's view and leading to collisions [1] - The issue can be resolved through an over-the-air software update, similar to a previous recall in the U.S. affecting 1.85 million cars [1] Group 2: Stock Performance - As of August 6, TSLA stock was trading at $200.64 per share, with a minor gain of 0.88% in the latest session, countering a 12% loss over the past five trading days [2] - Pre-market data shows a loss of 2.77%, lowering the stock price to $195.08 [2] Group 3: Technical Analysis - Technical analysis indicates signs of weakness in Tesla's stock, with a recent decline within a downward trend channel [4] - The stock reached a target of $258 but has since pulled back to a critical support level at $200, with resistance at $205 [4] - A bounce from the $200 level could trigger a positive reaction, while a break below this level would signal bearish trends [4] - The Relative Strength Index (RSI) recorded a reading of 40, suggesting a slight downtrend [4] Group 4: Wall Street Sentiment - Wall Street is divided on TSLA stock, reflected in an overall "hold" rating based on 30 opinions, with 11 recommending "buy," 12 "hold," and 7 "sell" [6] - The average price target for TSLA is set at $213.92, indicating limited growth potential at just 6.62% above the latest closing price [6] - Recent recalls are likely to negatively impact TSLA stock and contribute to divided opinions on Wall Street [8]

Amid widespread market volatility and concerns over the future of artificial intelligence (AI) shares, American hedge fund Elliott Management has issued a warning to investors that Nvidia (NASDAQ: NVDA) stock is in “bubble land” and relying on “overhyped” AI technology. Specifically, the Florida-based hedge fund manager, which handles around $70 billion in assets, has told its clients in a recent letter that the megacap tech stocks, particularly Nvidia, were in “bubble land,” according to a Financial Times ...