Boeing’s (NYSE: BA) long-haul flight to the bottom of the stock price chart doesn’t look like it will end any time soon — on October 14, a week before the company’s October 23, Q3 2024 earnings report, three equity researchers from major Wall Street firms revised their price targets downward.At press time, BA stock is trading at $148.89 — with a 4.28% decrease over the last thirty days bringing year-to-date (YTD) losses up to 40.86%.Boeing stock price YTD chart. Source: FinboldBA’s systemic issuesBA share p ...

A cynic would look at Elon Musk's April 5 tweet announcing the 'Robotaxi' event and at Tesla's (NASDAQ: TSLA) stock price at the time and conclude the post was an ill-conceived marketing ploy, not too dissimilar to how the Twitter acquisition played out. In fact, following an upturn in February, TSLA shares collapsed from over $202 to under $165 just ahead of the announcement, and Musk's post triggered another small rally that sent them back up toward $177 before a more decisive plummet on April 10. TSLA st ...

Goldman Sachs (NYSE: GS) analyst has raised the price target for Nvidia (NASDAQ: NVDA) stock, citing the company’s strong competitive position in the artificial intelligence (AI) sector.The investment banking giant lifted the price target from $135 to $150, driven by expectations that the chipmaker will benefit from the increasing complexity of artificial intelligence (AI) workloads.In a note on October 14, analyst Toshiya Hari stated that the stock has more upside potential due to its ability to capitalize ...

Core Viewpoint - Xpeng Inc's stock price has dropped significantly amid a broader selloff in the Chinese market, despite a recent rally and positive company performance indicators [1][3][5]. Market Context - Xpeng's share price fell by 7.08% during premarket trading on October 14, following a broader market correction in China after disappointing stimulus measures [1][3]. - The CSI 300 index experienced its worst day since 1997, following a period of rapid growth driven by initial stimulus measures [1][3]. Company Performance - Over the last six months, Xpeng's stock has increased by 65.69%, recovering much of its year-to-date losses, which currently stand at 15.03% [1]. - The company recently opened presales for its P7+ model, which is priced $10,000 lower than Tesla's Model 3, potentially serving as a strong bullish catalyst [5]. - Xpeng's vehicle deliveries rose by 30.2% year-over-year, and revenues increased by 60.2% compared to the previous year [6]. - In Q3 2024, Xpeng achieved a record delivery of 21,352 units in a single month, indicating strong operational performance [8]. Investor Sentiment - Major institutions, such as JPMorgan Chase, have increased their stakes in Xpeng, reflecting confidence in the company's future prospects [5]. - Conversely, Alibaba reduced its stake from 10.2% to 7.5%, which was characterized as a profit-taking move rather than a negative outlook on the company [5].

Though commonly overlooked by companies like Nvidia (NASDAQ: NVDA ) and Advanced Micro Devices (NASDAQ: AMD), the Taiwan Semicondustor Manufacturing Company (NYSE: TSM) is arguably the most important semiconductor company in the world. ® Specifically, Taiwanese foundries manufacture nearly 70% of the world's chips, and TSMC alone holds more than half of the global market. Additionally, Nvidia and AMD use the company as their supplier. As a result, TSM stock has been one of the major winners of the 2024 stoc ...

BlackRock (NYSE: BLK) is on the verge of breaking through the $1,000 mark, closing at $990.26 on Friday after a +3.63% gain for the day. The stock has surged an impressive 10.62% over the past month, and it’s up a remarkable 55.84% over the past year. With momentum building, the big question is: will BlackRock’s share price hit $1,000 next? Strong Financials fuel BLK stock rallyDriving this rally are BlackRock’s robust third-quarter results. The investment management titan reported adjusted earnings of $11. ...

Nvidia (NASDAQ: NVDA) has been the stock market superstar in 2024 as it built upon the staggering success it has been enjoying since the start of the artificial intelligence (AI) boom in late 2022.Over the course of the two years, the semiconductor giant has seen its market capitalization grow by approximately $2.5 trillion, effectively increasing sixfold compared to its October 2022 valuation.The rise has continued throughout 2024 – even once the months of sideways trading that started with the June 10-for ...

As Alphabet (NASDAQ: GOOGL) navigates an operational environment dominated by legal uncertainty stemming from antitrust issues, some analysts on Wall Street view this aspect as bearish for the company, leading to a recent adjustment of the firm’s stock.Specifically, in an investor note on October 14, Goldman Sachs (NYSE: GS) adjusted its outlook on Alphabet, citing ongoing concerns regarding the technology giant’s legal and competitive landscape.The bank’s analyst, Eric Sheridan, highlighted two significant ...

Core Viewpoint - Domino's Pizza reported mixed Q3 2024 earnings, with strong earnings per share (EPS) but missed revenue expectations, leading to a cautious outlook from analysts [1][3]. Financial Performance - EPS for Q3 2024 was $4.19, exceeding consensus estimates of $3.71 [3]. - Revenue was reported at $1.08 billion, slightly below the forecast of $1.10 billion [3]. - Year-to-date stock performance shows a 3.91% increase, with shares rising from $407.38 to $429.67 [1]. Growth and Guidance - The company reduced its retail sales growth projection from 7% to 6% [3]. - Expansion goals were revised down from 1,100 new stores to a range of 800 to 850 [3]. - Same-store sales growth was only 0.8% internationally, with U.S. same-store sales also missing expectations [3]. Analyst Sentiment - Analysts have adjusted price targets downward, with the average target now at $472.92, reflecting a potential upside of 10.07% from the current price [5][6]. - Ratings include 16 'Buy', 9 'Hold', and 1 'Sell', indicating a mixed outlook [5][6]. - Notable price target revisions include a decrease from $580 to $500 by BTIG, while Benchmark maintained a target of $520 [5].

After spending most of September and early October increasing his cash pile – primarily by selling hundreds of millions of Bank of America (NYSE: BAC) shares – Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A, BRK.B) finally reported a major stock purchase.Specifically, ‘The Oracle of Omaha’ filed a series of buys of Sirius XM Holdings Inc (NASDAQ: SIRI) on October 10 and 11. The billionaire spent approximately $87 million buying about 3.6 million SIRI shares. The average purchase price hovered at roughly $ ...