As Nvidia (NASDAQ: NVDA) shares continued to decline from their all-time high (ATH) reached in mid-June, it seems that this record marked the top for the technology behemoth, at least according to an investment research company founded by renowned investor and analyst Puru Saxena.Indeed, Saxena said that his research firm AlphaTarget has sold its remaining Nvidia stocks and issued an alert to its subscribers, which featured an analysis of NVDA stock performance, right before closing its final two positions ...

Trading on July 24, 2024, gave many investors a fright as the stock market wiped more than $1 trillion in a single day. Despite the large downturn, many experts believe they are not a cause for concern as they do not stray from regular annual moves, and some prominent analysts have taken the opportunity to find the best stocks to buy at a likely short-lived discount.Jim Cramer, the former hedge fund manager and energetic host of CNBC’s Mad Money, was one of these figures, and he, in a July 25 X post, took t ...

At a time when the stock market has – despite some staggering corrections – been hitting new all-time highs (ATH) after new all-time highs, Disney (NYSE: DIS) has not been a particularly strong performer and, by extension, a particularly good investment.Indeed, in the last 12 months, DIS stock managed to climb only 5.06%, with much of the gains, by the time of publication on July 26, finding themselves at risk of getting wiped in the most recent downturn. Following a losing week that saw Disney shares dip 5 ...

Recent earnings releases for some U.S. automotive giants fell short of expectations. Ford (NYSE: F) reported a miss on earnings, while experts expect that General Motors (NYSE: GM) will have limited growth in the second half of 2024 despite a better-than-expected Q2 report. Consequently, both companies experienced notable declines in their share prices during the following trading sessions.In the past five days, Ford stock retraced 22.87% with a single daily retrace of 18%, the largest since November 19, 20 ...

Nvidia (NASDAQ: NVDA) stock was one of the most impacted members of the “Magnificent Seven” due to the recent pullback in the tech sector that erased over $1.1 trillion in stock market value, aided by the strong insider selling activity from the tech companies higher executives.Over the past month, NVDA stock lost 9.39% of its value, with losses extending in the most recent period with a 6.27% drawback in the previous five trading sessions and a 6.80% decrease on July 24, setting the valuation at $114.25.NV ...

Group 1 - Tesla recorded disappointing results in Q2, with a more than 40% decline in profit compared to the previous year, leading to a significant stock price drop [1] - The adjusted income for the quarter was $1.8 billion, or 52 cents per share, which fell short of analysts' expectations of 61 cents per share and was significantly lower than the 91 cents per share earned a year earlier [1] - As of the latest report, Tesla's stock was valued at $219, with daily losses exceeding 10% and a weekly decline of over 12% [1] Group 2 - Analysts at CyclesFan described the recent earnings report as "catastrophic" and predicted a short-term low for TSLA around the 50% Fibonacci retracement level of approximately $205 [2] - The stock peaked at around $271 in mid-July before the earnings report, which triggered a significant decline [2] - The 38.2% retracement level at $220.50 provided some support initially, but bearish sentiment may push the stock lower, with the next target being the 50% retracement at $204.99 [4] Group 3 - Tesla warned that the vehicle volume growth rate in 2024 may be notably lower than the growth rate achieved in 2023, indicating a challenging outlook [5] - The stock's future trajectory will largely depend on the recovery of the EV market, with Tesla expected to benefit as a leader in the sector [5]

Visa Inc. (NYSE: V), the global payments giant, has reported third-quarter revenue growth that fell short of Wall Street expectations, a rare miss for the world’s largest payments processor. The company’s quarterly net revenue came in at $8.90 billion, just shy of analysts’ estimates of $8.92 billion, leading to a drop in its shares during extended trading. This revenue miss, has prompted several brokerages to revise their price targets on Visa’s stock.Despite the revenue miss, Visa Inc. reported solid fina ...

It has emerged that technology giant Apple (NASDAQ: AAPL) is planning to advance its idea of a foldable iPhone, which is likely to hit the market in 2026.Reports indicate that Apple may have settled on a design. The device currently carries the internal nickname “V68,” suggesting that the concept has moved beyond the initial stage and is now in development.Notably, new product lines can influence stock trajectories, giving a company an edge over competitors. In light of this, Finbold turned to OpenAI’s Chat ...

Although Nvidia’s (NASDAQ: NVDA) stock price has been among the best-performing in recent months, the equity has been plagued by significant insider trading activities, potentially signaling uncertainty. Indeed, data shared by Global Markets Investor in an X post on July 23 indicated that insider trading activity involving Nvidia executives has skyrocketed over the past three months. Specifically, during this period, there have been 72 insider trades, including 60 sales and 12 open market buys. Insiders sol ...

Nio Inc. (NYSE: NIO), the Chinese electric vehicle (EV) manufacturer, has had a rough ride this year, with its stock plummeting nearly 50% year-to-date and trading almost 30% below its IPO price. Over the past 12 months, the stock has dropped nearly 60%, causing many investors to question its long-term prospects. Despite these challenges, Nio remains a significant player in the EV sector, known for its innovative battery-swapping technology and strategic expansion into Europe.Technological edge and market e ...