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Analysts revise Nvidia stock price targets ahead of earnings
Finbold· 2024-05-09 10:50
If there is one firm expected to impress with its upcoming earnings report, especially given its recent performance and growing importance amidst the continued artificial intelligence (AI) boom, it is Nvidia (NASDAQ: NVDA).Indeed, with the emergence and proliferation of large language models (LLMs) and other modern AI tools, the semiconductor giant, once arguably most important for the gaming industry, has become a household name and one of the best-performing blue-chips in the stock market.By the time of p ...
Monster insider trading alert for Tesla stock
Finbold· 2024-05-09 08:51
Group 1 - Tesla's stock has shown signs of recovery after a decline of over 40% since 2024, with Chairwoman Robyn Denholm selling 93,000 shares at an average price of $184.85, resulting in a profit of $17.3 million [2] - Denholm's recent sale occurred just before a 6% depreciation in TSLA stock, which closed at $174.72, indicating her ability to time the sale effectively [2] - In 2024, Denholm has actively sold shares, totaling nearly $52 million in sales within the first five months, including a sale of 93,706 shares at $194.72 for a profit of $18.2 million [3] Group 2 - Denholm has faced legal challenges, including a shareholder lawsuit that was resolved in January, which ruled against a CEO pay plan biased toward Musk [4] - Following her appointment as chair in November 2018, Denholm has been involved in various proxy proposals, including efforts to reinstate Musk's invalidated compensation package, potentially worth billions in Tesla shares [4]
Here's why you should buy these 3 stocks and hold them forever
Finbold· 2024-05-08 13:38
Often overlooked, especially in times of AI revolution, the healthcare market is always a safe bet for investors, as it is a multiple trillion, highly innovative industry with no drawbacks like lack of demand per se.Healthcare stocks, especially well-known ones, are no-brainer investments for traders. Their potential is high, and over the long term, their returns are multiplefold.With this in mind, Finbold picked out three healthcare stocks for investors to purchase and hold forever. Johnson & Johnson (NYSE ...
$200 next for Tesla stock? Robotaxi gets green light in China
Finbold· 2024-05-08 10:23
Elon Musk’s surprise visit to China at the tail end of April has proven rather impactful as it led to a string of revelations, agreements, and alleged agreements and helped the stock of his embattled electric vehicle (EV) maker, Tesla Motors (NASDAQ: TSLA) have a short-term substantial, but overall middling recovery.TSLA stock 30-day price chart. Source: FinboldThe ramifications of the billionaire’s trip have seemingly continued emerging well into the second week of May, this time in relation to another of ...
Starbucks stock falls to 4-year low as boycott rages on
Finbold· 2024-05-08 10:06
Despite Starbucks (NASDAQ: SBUX) distancing itself from the Israel-Hamas war and negating any donations to the Israeli government or military, it has faced extensive boycotts that have continued for months and taken their toll on the coffeehouse giant.This has led to a substantial decline in SBUX stock due to weak earnings that missed expectations around the board. Reporting revenue of $8.5 billion, a 4% decrease in comparable sales, and lowered guidance, shares plummeted to a four-year low on May 7 to trad ...
$1,000 invested in Tesla stock when Musk took TSLA public is now worth
Finbold· 2024-05-08 09:27
With Tesla Motors (NASDAQ: TSLA), Elon Musk’s electric vehicle (EV) maker and one of the most recognizable names in its industry performing as it did in the first four-odd months of 2024, it can be easy to forget that for most of existence, it has been a highly lucrative investment.Indeed, though the stock is, even after a recovery initiated with the latest earnings report, one of the worst performers of the S&P 500 of the year and is down 28.42% since January 2. On the other hand, even a slight zoom-out in ...
Here's when Apple stock could hit $200
Finbold· 2024-05-08 08:41
Through almost the entire first quarter of 2024, Apple (NASDAQ: AAPL), generally known as one of the best-performing stocks available to investors, faced a protracted decline that saw it, by mid-April, find itself 11.11% in the red on the year-to-date (YTD) chart.The latest of the three rallies of the year – the one that started with a highly positive earnings report – proved to have substantially more staying power than its two predecessors and led to a significant recovery for AAPL shares that, by the tim ...
Billionaire investor cuts Nvidia position, warns of AI ‘overhype'
Finbold· 2024-05-08 08:19
Billionaire investor Stanley Druckenmiller, who heads the Duquesne Family Office, an investment firm overseeing a portfolio of over $3 billion, recently stated that AI is being overhyped. He mentioned reducing his stake in Nvidia (NASDAQ: NVDA) significantly.‘We did cut that and a lot of other positions in late March. I just need a break. We’ve had a hell of a run. A lot of what we recognized has become recognized by the marketplace now,’ he said in an interview with CNBC on May 7.During the same trading se ...
Disney stock set to face its worse day in a year
Finbold· 2024-05-07 13:37
Disney‘s (NASDAQ: DIS) shares have undergone a notable downturn in the aftermath of the company’s latest financial report, with a significant 7.6% drop observed during Tuesday’s premarket trading session. This decline, if sustained, would mark a departure from the positive trajectory Disney has enjoyed in the wake of its earnings releases over the past three quarters.Disney $DIS is now down 7.5% in pre market trading following its earnings pic.twitter.com/0RcsJ9xvXB— Evan (@StockMKTNewz) May 7, 2024 Should ...
Is this Chinese AI stock the next Nvidia?

Finbold· 2024-05-07 12:34
China’s entry into the World Trade Organization (WTO) in 2001 brought a promise to many Western Countries that could reap substantial benefits with only limited concerns of suffering a challenge to their technological leadership.The notion that China boasts little competitive potential as most of their products are copied or reverse-engineered – products of IP theft, some might say – has taken deep roots with many, including, apparently, certain policymakers with President Biden seemingly choosing to attemp ...