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Nvidia stock doomed? Insiders selling in droves
Finbold· 2024-07-11 11:45
The current strong performance of Nvidia (NASDAQ: NVDA), which posted a 10-for-1 stock split and continued with gains, has been overshadowed by a significant amount of insider selling, which may indicate that NVDA stock could soon reverse its price progression.NVDA stock closed the latest trading session at a valuation of $134.91 after adding 2.68% and 10.92% in the previous five trading days.Zooming out, the year-to-date (YTD) chart shows a substantial gain of 180% since January 1. NVDA stock YTD price cha ...
Michael Burry's top 3 stocks for the end of 2024
Finbold· 2024-07-11 10:06
Group 1: Michael Burry's Investment Performance - Michael Burry has continued to invest successfully in the stock market, with several holdings outperforming benchmark indices like the S&P 500 in 2024 [1] - RealReal (NASDAQ: REAL) has shown a significant year-to-date increase of 68.53% [1] Group 2: Baidu (NASDAQ: BIDU) - Baidu is positioned for strong performance in 2024, working to reduce reliance on foreign semiconductors and entering a deal with Tesla for self-driving car maps [2] - Analysts rate Baidu as a 'strong buy,' with an average price target of $142.84, indicating a potential upside of 45.84% [2][3] - The highest price target for Baidu is $181.69, while the lowest is $81.91, suggesting a forecast downside of 16.37% [2][3] Group 3: JD.com (NASDAQ: JD) - JD.com is the largest holding in Burry's portfolio, with expectations for significant returns despite past performance not being lucrative [4] - The stock is rated as a 'buy' by 6 experts and 'strong buy' by 32, with a 12-month price target of $40.45, reflecting a potential increase of 51.15% [4][5] - The highest price target for JD.com is $69.50, indicating a potential upside of 159.73%, while the lowest is $15.74, suggesting a downside of 41.17% [5] Group 4: Vital Energy (NYSE: VTLE) - Vital Energy is currently down 4.42% year-to-date but is expected to rise significantly in the coming months [6] - The stock has a diverse rating distribution, with 6 'strong buys,' 2 'buys,' 4 'holds,' and 1 each of 'sell' and 'strong sell' [6][8] - The average price target for Vital Energy is $65.43, indicating a potential increase of 51.42%, with the most bullish prediction reaching $105 per share [6][7]
ChatGPT-4o sets 12-month MSFT price as Microsoft exits OpenAI's board
Finbold· 2024-07-10 15:52
Core Viewpoint - Microsoft has seen a rally in its stock price due to its involvement in artificial intelligence, particularly through its investment in OpenAI, but has exited the OpenAI board to address regulatory concerns [1]. Group 1: Optimistic Scenario - Continued expansion in AI and cloud computing could significantly boost Microsoft's stock price, with predictions of a 15-25% increase, reaching between $530 and $580 in the next 12 months [2][3]. - Key factors for this optimistic outlook include: - AI Expansion: Investment in AI is expected to lead to substantial revenue growth from new AI services and products [3]. - Cloud Dominance: Azure's growth is anticipated to outpace competitors like Amazon Web Services and Google Cloud, solidifying Microsoft's market position [3]. - Strong Financial Performance: Consistently exceeding earnings expectations across cloud, enterprise software, and gaming sectors [3]. - Regulatory Compliance: Successfully addressing regulatory issues would enhance investor confidence [3]. Group 2: Bearish Scenario - Several risks could lead to a decline in Microsoft's stock, with predictions of a 10-20% drop, potentially falling to $370-$415 [5]. - Key risks include: - Regulatory Challenges: Heightened scrutiny could result in significant fines or operational limitations [5]. - Increased Competition: Rivals in AI and cloud computing may erode Microsoft's market share [5]. - Economic Downturn: A broader economic slowdown could reduce corporate IT and cloud spending, impacting revenue [5]. - Operational Hurdles: Issues with product launches or integration of acquisitions could create setbacks [5]. Group 3: Stable Environment - In a stable environment, ChatGPT-4o forecasts a modest 5-10% increase in Microsoft's stock, bringing it to $485-$510 [6]. - This scenario assumes continuous progress in key business segments and manageable compliance costs from regulatory scrutiny [6].
Top Picks: 2 Cathie Wood stocks for long-term investment
Finbold· 2024-07-10 14:50
Cathie Wood’s investment acumen gained widespread recognition in 2020 when exchange-traded fund (ETF), the technology-focused ARK Innovation (ARKK), posted a remarkable return of 149%. This surge in performance drew substantial attention to her investment strategies, particularly during the pandemic, which marked the peak of her firm’s popularity. While recent market volatility presents challenges, the expected interest rate cuts later this year could create a strategic opportunity for investors seeking to ...
Is the Tesla hype train about to crash TSLA stock?
Finbold· 2024-07-10 13:46
After struggling for much of 2024 and even being the worst-performing S&P 500 stock for multiple months, Elon Musk’s electric vehicle (EV) maker, Tesla Motors (NASDAQ: TSLA), made a major comeback after its most recent delivery report.Indeed, the stock not only made an impressive surge but rocketed enough to turn green – by 5.84% – in the year-to-date (YTD) chart and a staggering 51.34% in the last 30 days of trading. The ongoing rally ensured Tesla stock price today stands at $263.19.TSLA stock YTD price c ...
$1.9 trillion investment firm co-founder calls Tesla a meme stock, here's why
Finbold· 2024-07-10 12:18
Tesla (NASDAQ: TSLA) has been one of the standout performers in the S&P 500 in the previous month, as it added over 50% to its value, with almost 20% coming from the last five trading sessions alone. However, some think that TSLA has all the specifications of a meme stock.Namely, co-founder of Pacific Investment Management Company (PIMCO), an investment firm that manages nearly $1.9 trillion in assets, Bill Gross, in his recent tweet on X, said that TSLA stock acts as a meme stock as there are no fundamenta ...
Monster insider trading alert for Amazon (AMZN) stock
Finbold· 2024-07-10 11:22
Stock market speculators are talking about the impenetrable $200 wall for Amazon (NASDAQ: AMZN) stock as AMZN shares struggled to trade higher than this mark, as recent insider sales are increasing the downward pressure on their price.The most recent trading session brought gains of 0.03%, while pricing the stock at $199.34, which extend the winning streak from previous five sessions, during which AMZN shares added 1.22% to their value.AMZN stock 24-hour price chart. Source: FinboldFounder of Amazon, Jeff B ...
This is why McDonald's stock is down in 2024
Finbold· 2024-07-10 09:55
McDonald’s (NYSE: MCD) 2024 stock market troubles have already been linked to the Gaza-associated boycotts, though Starbucks (NASDAQ: SBUX) has taken the bulk of attention in this regard – despite its status as an officially targeted entity being dubious  – and has also taken substantial stock market damage,In fact, it was actually McDonald’s that first the ire of the support of Palestine and the early actions of McDonald’s Israel have also triggered something of a feud between the corporate fiefdoms. As th ...
Analysts revise Meta stock price targets
Finbold· 2024-07-10 08:22
Meta Platforms (NASDAQ: META) is one of the stocks in the S&P 500 and “Magnificient Seven” that posted an impressive recovery from its lows in 2022 when it was trading below the $100 mark. META stock has added over 430% since then, of which 53% came in this year alone.META stock YTD price chart. Source: FinboldAnalysts and investors seem to love the rebranding that this social media giant and its CEO, Mark Zuckerberg, have done in the previous years, especially with an early involvement in artificial intell ...
AI picks 3 must-have dividend stocks for 2024 H2
Finbold· 2024-07-09 13:30
Core Viewpoint - In the latter half of 2024, three dividend stocks—Johnson & Johnson, Procter & Gamble, and Coca-Cola—are highlighted as strong investment opportunities due to their resilience, consistent performance, and reliable dividend distributions [1][5]. Company Summaries Johnson & Johnson - Johnson & Johnson (NYSE: JNJ) is recognized for its diversified portfolio in healthcare, offering a dividend yield of approximately 2.8% [2]. - The stock has experienced bearish sentiments in 2024, with a year-to-date (YTD) decline of over 9%, closing at $145 on July 8 [2]. Procter & Gamble - Procter & Gamble Co. (NYSE: PG) leads in consumer goods with a dividend yield around 2.5% [3]. - The company has shown positive growth in 2024, with the stock surging over 11% YTD, valued at $166.52 [3]. Coca-Cola - Coca-Cola Company (NYSE: KO) offers a dividend yield of approximately 3.1%, making it attractive for investors [4]. - The stock has registered positive gains in 2024, increasing over 5% with a share price of $62 at the time of reporting [4]. Investment Insights - All three companies have a long history of paying dividends, suggesting a lower risk of dividend cuts compared to newer firms [6]. - Each company has consistently increased their dividends over time, appealing to income-oriented investors [6]. - The companies operate in defensive sectors (healthcare and consumer staples), which tend to perform well during economic downturns, providing stability to portfolios [6].