The electric vehicle (EV) market is experiencing robust growth in 2024, leading the automotive industry with strong representatives in the United States and China. Hence, Finbold asked Elon Musk’s artificial intelligence (AI) model to build a stock portfolio for EV exposure in May.Notably, Global EV sales are set to reach around 17 million by the end of the year, with a 25% year-over-year growth in Q1. The market share of electric cars could reach up to 45% in China, 25% in Europe, and over 11% in the Unite ...

Over the past week, the stock market has demonstrated a notable rebound despite previous challenges, including geopolitical tensions in the Middle East. This resurgence has predominantly been fueled by the strength of technological and large-cap equities, supported by robust underlying fundamentals.With most stocks posting gains in the last seven days, the week ahead appears promising for investors. Recognizing this trend, Finbold has identified three stocks poised to enrich investors’ portfolios. Notably, ...

After a period of increased volatility, the stock market is experiencing a short-term resurgence, with technology sector players dominating. Indeed, as April draws to a close, several stocks are poised to reach new milestones, such as hitting $100 billion market capitalization. In this regard, Finbold has identified the following two equities likely to reach this threshold in May.Starbucks As of April 2024, Starbucks (NASDAQ: SBUX) is close to reaching a market capitalization of $100 billion. With a strong ...

Alibaba (NYSE: BABA) shares have recorded a remarkable seven consecutive days of stock gains, marking its longest streak in more than a year. Yet, despite these positive indicators, Alibaba’s shares remain significantly down from their late-2020 peak, largely due to regulatory pressures and economic challenges in ChinaAlibaba’s shares rose by 2% in U.S. premarket trading on Friday, reaching a price of $75.11 at market close—an increase of 0.64% from the previous day. This performance is notable as it stands ...

Alphabet Inc. (Google) reached a new valuation milestone on April 26, Friday, closing above the $2 trillion mark.The CompaniesMarketCap index registered an overall $2.144 trillion market cap for Google in the weekly closing. According to the stock market aggregator, the company’s shares closed at $173.69, with nearly 10% gains on Friday and over 66% gains year-over-year. Currently ranked among the fourth most valuable stocks.Market cap history of Alphabet (Google) from 2014 to 2024. Source: CompaniesMarketC ...

Nearly 16 years ago, Senator Sheldon Whitehouse received a closed-door briefing from the Bush administration about the impending financial crisis to shake the economy and crash the stock market.Shortly thereafter, Whitehouse took action, selling $600,000 worth of Comcast (NASDAQ: CMCSA) stock of a leading 5G network provider and other holdings in his portfolio, thus avoiding significant losses during the 2008 financial crisis. Fast-forward to the present: Senator Whitehouse recently divested his entire CMCS ...

Despite negative sentiment in gold mining stocks and Wall Street analysts downgrading the shares of the renowned mining firm Newmont (NYSE: NEM) to a ‘hold,’ the NEM stock has soared over 15% in a single day on a positive earnings report, pulling with it the rest of the industry.Specifically, gold bug Peter Schiff has recently commented on the price action of shares of Newmont, the leading gold mining company, upon its better-than-expected earnings call, arguing that Wall Street was not ready for the impact ...

After an outstanding performance in 2023, this year has been forgettable for Tesla (NASDAQ: TSLA) stock. Declining sales, production setbacks, layoffs, and revenue shrinkage due to cost pressures are just the tip of Tesla’s challenges.According to CEO Elon Musk, approximately 10% of Tesla’s global workforce, totaling 140,000 employees, has been laid off as part of a strategy to ‘boost productivity, reorganize, and succeed.’However, during the latest earnings call on April 23, Musk highlighted Tesla’s invest ...

For much of 2024, Tesla Motors (NASDAQ: TSLA) has mostly been referenced in the news in a negative context – an expected result of it, by March, decisively becoming the worst-performing S&P 500 stock, even beating the catastrophe-ridden Boeing (NYSE: BA) to the title.Things, however, took a major turn for the better upon the release of the first-quarter earnings report, which, despite failing to meet the severely downgraded forecasts for the most part, proved optimistic enough for investors that it sent the ...

Alphabet (NASDAQ: GOOGL), the parent company of and indeed better known as Google, made a splash at the stock market’s close on April 25 with a most impressive earnings report for the first quarter of 2024.Indeed, the technology giant reported revenue of $80.54 billion – 2.34% above the predicted $78.70 – and earnings per share (EPS) of $1.89 – a stunning 25.61% better than the forecast $1.50.Other standout elements of the report include the quadrupling of its cloud business and its persistent and large-sca ...