Yesterday, January 24, David Portnoy of Barstool Sports made significant moves in the stock market by purchasing  Tesla (NASDAQ: TSLA) call options before the company’s earnings report. Portnoy acquired $220 and $240 call options for March, aligning his investments with Tesla’s future performance. However, these investments have not fared well in the immediate aftermath, with his $220 calls down as much as 70% and the $240 calls down as much as 75% this morning.Portnoy’s investment in Tesla calls mirrors hi ...

In 2023, Walmart (NYSE: WMT), the retail giant, navigated a challenging business environment, with the company’s equity rallying by over 10%. The company reported noteworthy figures in its third-quarter report, including a 5.2% growth in revenue quarter-over-quarter from the previous quarter and earnings per share of $1.53, precisely matching analysts’ estimates.As we move further into 2024, WMT appears to have shaken off an initial correction, rising toward the $160 mark and maintaining year-to-date gains ...

Although 2023 and the new year so far have been nothing but bullish for the stock of the American technology behemoth Microsoft (NASDAQ: MSFT), artificial intelligence (AI) algorithms are slightly bearish regarding its future price action during 2024.As it happens, the advanced AI price forecasting algorithms deployed by the cryptocurrency and stock market analytics and predicting platform CoinCodex have set the price of Microsoft shares at $374.93 for December 31, 2024 at $374.93, according to the data ret ...

Meta Platforms (NASDAQ: META) impressive stock performance follows an almost 200% surge last year, driven by CEO Mark Zuckerberg’s implementation of cost-cutting measures. Describing 2023 as a “year of efficiency,” Zuckerberg aimed to address the stock’s decline to a six-year low in 2022.And the effects are still being felt as this company’s valuation has surpassed the $1 trillion threshold, a feat it hasn’t achieved since September 2021.Investors are waiting to see the performance in numbers, as Meta is se ...

2023 was a lackluster year for Tesla (NASDAQ: TSLA). The growing competition from other EV producers seems to have taken its toll, which continued into this year.Even after multiple price cuts to increase competitiveness, which drove the deliveries up by 38%, it still wasn’t enough according to the company’s target of 50% upside.Tesla warns of a slower year of growth as it focuses on delivering a new model in 2025 called ‘Redwood,’ which will most probably be a compact crossover that aims to start a new gen ...

The previous year in the stock market has allowed many investors to reap the benefits, as it brought gains. 2024 looks set to continue with good performance, especially in the tech sector, notably within the AI and semiconductor branches.Considering last year’s performance, Finbold picked three stocks that look set to continue with their strong performance in the next 12 months.Their shared dependence on AI forms a bond, and they place their bets on its imminent integration into numerous industries. This be ...

While leaving its once-formidable rival – Blockbuster – in the dustbin of history and emerging as one of the world’s most recognizable entertainment platforms – likely second only to Disney (NYSE: DIS) – Netflix (NASDAQ: NFLX) has been on a major ride to the highest of highs and some fathomless lows in recent years.Indeed, after its stock reached a staggering all-time high (ATH) of nearly $700 per share during the COVID-19 lockdowns, it subsequently experienced a significant decline, falling to as low as $1 ...

Following a particularly successful year, the stock of the American artificial intelligence (AI) technology and semiconductor behemoth NVIDIA Corporation (NASDAQ: NVDA) has continued to increase its price in 2024, and analysts are highly bullish on its prospects for the next 12 months.Indeed, the multinational technology company has gone through several strong rallies in 2023, thanks to the positive developments and optimistic sentiment among the traders that have continued in 2024, specifically with the in ...

In the global semiconductor industry, Taiwan Semiconductor Manufacturing Company (NYSE: TSM) is positioning itself for a potential surge in stock price, partly powered by strategic business moves. The company aims to capitalize on the gains impacting the general semiconductor sector in recent months as the industry becomes increasingly crucial in the artificial intelligence (AI) scene.While TSMC may be considered late to the party, trailing entities like Nvidia (NASDAQ: NVDA), its potential is underscored b ...

Despite a slowdown in 2023 that saw hybrid cars rise to new heights of popularity and significantly reduced demand for pure electric vehicles (EVs), Elon Musk’s Tesla (NASDAQ: TSLA), unlike several of its competitors such as Lucid (NASDAQ: LCID) navigated the year with notable success.The most recent weeks, however, have been more challenging for the company with battery production issues, online ridicule of some of the odder maintenance requirements for the Cybertuck, and a massive, nearly pan-Scandinavian ...