In recent months, insiders of semiconductor giant Nvidia (NASDAQ: NVDA) have been under scrutiny for sustained stock selling after months of significant gains.Among the executives is CEO Jensen Huang, who sold a substantial amount of his stake in July alone.Particularly, according to data by TrendSpider shared in an X post on July 27, Huang executed 18 sell transactions, totaling an astonishing $259.7 million. The breakdown of his sales reveals a consistent offload of shares, with the largest transaction oc ...

Despite meeting analysts’ expectations in its recent earnings report, Alphabet (NASDAQ: GOOGL) stock experienced a notable sell-off. This downturn was primarily driven by CEO Sundar Pichai’s comments on the prolonged timeline for artificial intelligence (AI) to yield significant returns. According to sources, Pichai emphasized the need for continued efforts to unlock AI value, which led to profit-taking among traders in the tech sector.In Q2 2024, Alphabet posted strong results in search advertising and clo ...

Pharma stocks can be strong investments regardless of economic conditions, as this stability arises because the demand for medications and healthcare services remains steady, even when prices rise. Pharmaceutical stocks tend to be more resilient during economic downturns due to steady demand, which is bolstered by the healthcare insurance that covers the cost of most drugs on the market, ensuring a steady supply.This makes them a reliable option for investors looking for stability and picks to carry on thei ...

Semiconductor giant Nvidia’s (NASDAQ: NVDA) venture into chips supporting artificial intelligence (AI) models has elevated the company’s stock to emerge as the sector’s leader.However, based on the stock’s recent price fluctuations, concerns are emerging that the rally witnessed in 2024 might end. Particularly, in an X post on July 25, Puru Saxena, the founder of AlphaTarget research firm, shared a stark assessment of Nvidia’s stock performance, signaling that the era of exponential gains for the “AI King” ...

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]