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Wall Street sets Tesla (TSLA) stock price for next 12 months
Finbold· 2024-09-06 15:10
On Thursday, September 5, Tesla (NASDAQ: TSLA) announced the expansion of its Full-Self Driving (FSD) feature to customers in Europe and China in the first quarter of 2025, pending regulatory approval.Due to popular demand, Tesla AI team release roadmap:September 2024– v12.5.2 with ~3x improved miles between necessary interventions– v12.5.2 on AI3 computer (unified models for AI3 and AI4)– Actually Smart Summon– Cybertruck Autopark 📐– Eye-tracking with sunglasses 🕶️ -…— Tesla AI (@Tesla_AI) September 5, 202 ...
2 Warren Buffett ‘forever' stocks to buy in Q4 2024
Finbold· 2024-09-06 13:31
Part of Berkshire Hathaway (NYSE: BRK.A) CEO Warren Buffett’s success is his ability to identify stocks with long-term growth potential.Notably, Buffett’s portfolio consists of what can be referred to as ‘forever’ stocks, which have a reputation for offering sustainable competitive advantages while allowing investors to buy and hold them for an extended period.With the fourth quarter of 2024 approaching amid the lingering economic uncertainty surrounding a possible recession, some of Buffett’s ‘forever’ sto ...
2 Warren Buffet ‘forever' stocks to buy in Q4 2024
Finbold· 2024-09-06 13:31
Group 1: Berkshire Hathaway's Investment Strategy - Warren Buffett's success is attributed to his ability to identify stocks with long-term growth potential, referred to as 'forever' stocks [1] - These 'forever' stocks provide sustainable competitive advantages and are suitable for long-term holding [1] Group 2: Coca-Cola (NYSE: KO) - Coca-Cola is highlighted as a leading player in Buffett's portfolio, representing a strong long-term investment with a distinct competitive advantage [2] - In Q2 2024, Coca-Cola reported revenue of $12.36 billion, exceeding expectations of $11.76 billion [2] - The company raised its organic revenue growth forecast to 9%-10% from 8%-9% and its comparable earnings growth outlook to 5%-6% from 4%-5% [3] - Coca-Cola's stock is currently trading at $70, with an 18% increase in 2024 despite a recent short-term decline of almost 2% [3] Group 3: American Express Company (AXP) - American Express is recognized for its strong brand, loyal customer base, and significant market share in the premium credit card sector, making it a suitable Q4 investment [6] - The company's Q2 2024 revenue grew 8.7% year over year to $15 billion, and it raised its 2024 earnings per share guidance to between $13.30 and $13.80 [6] - American Express's stock is trading at $251, reflecting a 33% increase [7] Group 4: General Market Sentiment - While general market sentiments influence these equities, their inclusion in Buffett's portfolio adds a layer of consideration for investors [9]
Nvidia CEO just dumped more millions of NVDA stock
Finbold· 2024-09-06 12:57
Amid the lackluster performance of Nvidia (NASDAQ: NVDA) stock, Jensen Huang, the CEO of the artificial intelligence (AI) chipmaking titan, has continued to dump his company’s shares in the amount that has, with his most recent sale, surpassed $633 million since June this year.Indeed, the Nvidia CEO has sold over 5 million NVDA stocks in recent months in a series of trades, split into 120,000 shares in each tranche between June 13 and September 4, according to a filing with the United States Securities and ...
Microsoft stock records a rare insider sale
Finbold· 2024-09-06 12:42
Although members of the “Magnificent Seven” and their stocks have experienced notable insider trading activity in 2024 due to a stock market rally, Microsoft (NASDAQ: MSFT) has been a notable exception, with only seven sales this year.However, August 23 saw a deviation from this trend. Microsoft’s CEO, Satya Nadella, offloaded 14,398 MSFT shares at an average price of $417.41 per share for a total profit of just above $6 million.Insider sales of MSFT stock. Source: Barchart This transaction marks only the s ...
How will Apple's (APPL) stock react to iPhone 16 event?
Finbold· 2024-09-06 11:19
The technology world is currently focused on the upcoming Apple (NASDAQ: AAPL) event titled ‘It’s Glowtime,’ where the company is expected to unveil the iPhone 16. Notably, considering the growing competition in the smartphone market, the Apple event is of significant interest as the company’s new product is likely to impact its stock price.Regarding the tech giant’s stock, AAPL has had an impressive run in recent months, gaining over 30% in the last six months and up almost 20% year-to-date. By press time, ...
This is why Broadcom (AVGO) stock is crashing
Finbold· 2024-09-06 09:21
After holding fairly steady with only a modest 0.84% decline during September 5 trading, Broadcom (NASDAQ: AVGO) stock tumbled 9.38% from its close at $152.82 to its latest recorded price of $138.49.AVGO stock 1-day and after-hours price chart. Source: GoogleThe fall was triggered by the publishing of the semiconductor and infrastructure provider’s latest earnings report – published after the closing bell on September 5 –  which, despite beating revenue and earnings-per-share (EPS) forecasts, disappointed i ...
Warren Buffett just dumped $760 million of this stock
Finbold· 2024-09-06 08:32
Although abstaining from selling Bank of America (NYSE: BAC) stock during the second quarter, as revealed in his updated portfolio, Warren Buffett, CEO of Berkshire Hathaway (NYSE: BRK.A), has sold almost $7 billion worth of this stock since the end of Q2.The trend continued with Buffett’s latest sale on September 5, where he offloaded 18,746,304 BAC shares at an average price of $40.51 per share for a total profit of $759.5 million.Buffett’s sale of BAC stock. Source: SECLooking at the previous filings wit ...
Tesla stock ‘a pump' and SEC is ‘asleep at the wheel,' blasts analyst
Finbold· 2024-09-05 14:47
For years, Elon Musk has been working to position his companies – not the least of which is Tesla Motors (NASDAQ: TSLA) – as major and disruptive technological innovators.While many have come to believe the claims that Tesla is more than a mere electric vehicle (EV) maker but also on track to becoming a proper artificial intelligence (AI) and robotics company, one analyst has continued stubbornly dismissing most of its advancements and products as little more than vaporware.GJL Research chief slams Tesla ov ...
Are EV stocks about to replace semiconductors?
Finbold· 2024-09-05 14:12
As Nvidia (NASDAQ: NVDA) stock started to consolidate, signaling that the semiconductor behemoth might have reached its zenith and leading other stocks from its sector tumbling, the representative of the electric vehicle (EV) industry, Tesla (NASDAQ: TSLA), has done the opposite.Specifically, Tesla stocks have started to demonstrate the TTM (‘Trade the Market’) Squeeze indicator, which often signals that an asset’s price is likely to break out soon, in this case, to the upside, as observed by market analyti ...