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Is NIO stock a buy now?
Finbold· 2024-11-19 15:31
Nio (NYSE: NIO), the Chinese electric vehicle (EV) manufacturer, has experienced a rollercoaster journey since its IPO in 2018.While the stock soared to a record high of $62.84 during the 2021 meme stock rally, it now trades significantly below its IPO price of $6.26.The decline reflects a host of challenges, including production inefficiencies, rising competition, and geopolitical headwinds. As Nio gears up to report its Q3 2024 earnings on November 20, investors are wondering whether the stock offers a pr ...
Warren Buffett's three biggest Q3 bets revealed
Finbold· 2024-11-19 15:09
Portfolio Overview - Warren Buffett's portfolio saw relatively few changes in Q3, with 30 holdings remaining unchanged despite a significant cash reserve [1] - The most notable changes included the removal of Liberty Media, Floor & Decor Holdings, and Sirius XM Holdings, along with a 96% reduction in Ulta Beauty stake [1] New Additions - Two new stocks were added to the portfolio: Domino's Pizza and Pool Corp, with Sirius XM Holdings making a return [1] Pool Corp (NASDAQ: POOL) - Buffett purchased 404,057 shares of Pool Corp, valued at $152 million on September 30, 2024, and approximately $146 million as of November 19 [2] - The stock has seen a year-to-date decline of 7.04%, but a purchase during a dip in July could have yielded a 27% increase by the end of Q3 [2] Domino's Pizza (NYSE: DPZ) - Buffett owned 1.277 million shares of Domino's Pizza at the end of Q3, valued at $549 million, which increased to approximately $567.7 million by November 19 [3] - The stock experienced a significant drop in Q3, falling from about $490 to over $404, but has since shown an upward trend [3] Sirius XM Holdings (NASDAQ: SIRI) - Sirius XM Holdings was reported as a new holding with 105 million shares, although Buffett has had a long-standing stake in the company [10] - The stock is down 54.36% year-to-date, but the investment appears potentially lucrative compared to other recent purchases [11] - The value of the Sirius XM holding increased from $2.48 billion on September 30 to about $2.63 billion by November 19 [12]
Cathie Wood and Ark Invest dump millions of TSLA stock
Finbold· 2024-11-19 13:47
In a decade defined by tech, Cathie Wood has been one of the most forward-thinking investors. The CEO of Ark Investment Management (ARKK) is renowned for her focus on disruptive technologies — but her bets haven’t always paid off.ARKK was the best-performing actively-managed fund of 2020 — it has fallen from grace significantly since. Down from a February 2021 peak of $156.58, shares of the fund are now trading at just $51.11, although the fund has marked a modest 6.38% year-to-date (YTD) gain.ARKK price YT ...
Why Tesla stock is surging today
Finbold· 2024-11-18 11:55
Donald Trump’s victory in the 2024 presidential election has sent Tesla Motors (NASDAQ: TSLA) stock on a somewhat surprising rollercoaster ride.Thanks to Elon Musk’s role in the incoming administration and his political alliance with the Republican President-Elect, TSLA shares began rocketing on November 6. Still, some subsequent policy headwinds – primarily the plans to cut the $7,500 electric vehicle (EV) tax credit – also triggered a significant correction.The latest development, however, was upward as T ...
Legendary technical analyst reveals when to sell Nvidia stock
Finbold· 2024-11-18 10:49
Chipmaking powerhouse Nvidia (NASDAQ: NVDA) has been the most discussed stock in the market for over a year thanks to its technological leadership and, in many ways, peerless performance.Legendary analyst Tom DeMark, known for advising numerous famous investors and creating TD Sequential, a popular reversal-detecting technical analyst tool, recently weighed in on NVDA shares’ future.As part of a broader analysis, DeMark identified Nvidia’s upcoming earnings – scheduled for November 20 – as a pivotal moment ...
All eyes on Nvidia stock as Blackwell overheating issues emerge
Finbold· 2024-11-18 10:38
Core Viewpoint - Nvidia's upcoming Q3 earnings report is overshadowed by concerns regarding overheating issues with its next-generation Blackwell chips, which could impact investor sentiment and stock performance [1][5]. Group 1: Blackwell Chip Concerns - The Blackwell chips, initially delayed, are experiencing overheating in server racks, raising concerns about the timely launch of new data centers [1]. - Increased demand for Blackwell chips is expected, potentially benefiting Nvidia's stock price, as analysts have raised price targets based on their role in the AI boom [2][6]. - If Nvidia resolves the overheating issues by early 2025, the stock could rise to between $200 and $250, driven by strong earnings growth [4]. Group 2: Stock Performance - Following the news of the Blackwell chip issues, Nvidia's stock price fell over 2% in premarket trading, dropping below $140 to $138.70 [3]. - The stock has shown a year-to-date surge of 194%, but the current weakness may affect its performance ahead of the earnings report [6][8]. - Analysts project earnings of $0.75 per share and revenues of $33.09 billion for the quarter ending September 2024, indicating over 80% year-over-year growth [7]. Group 3: Market Reactions and Predictions - Nvidia's stock typically experiences volatility before earnings but tends to rise afterward, complicating the current situation due to Blackwell chip issues [8]. - Wall Street analysts have mixed targets for Nvidia post-earnings, with many maintaining that a $200 target is achievable [9].
Key Tesla stock price levels to watch this week
Finbold· 2024-11-17 18:13
The share price of electric vehicle manufacturer Tesla (NASDAQ: TSLA) remains at a critical juncture, facing the increasing threat of dropping below the $300 support.To some extent, the stock has cooled down from its post-election momentum, where investors were anticipating the equity would touch the crucial $400 mark. As of press time, TSLA was valued at $320.72, ending the November 15 trading session up over 3%. On the weekly chart, Tesla is down over 7%.  TSLA seven-day price chart. Source: FinboldTSLA s ...
AI predicts Shopify (SHOP) stock price for year-end
Finbold· 2024-11-17 14:12
Shopify Inc. (NYSE: SHOP) has cemented its position as a leader in the e-commerce sector. Currently trading at $108.49, Shopify’s stock has surged by 22% in the past five days and is up an impressive 46% year-to-date (YTD). While the stock has delivered an outstanding 85% over the last six months, questions linger about its ability to sustain this growth as 2024 comes to a close. Shopify one-month stock price. Source: Google FinanceTo gain clarity on the stock’s future trajectory, Finbold consulted OpenAI’s ...
Here's why chances of Tesla stock pullback are increasing
Finbold· 2024-11-16 18:07
After the recent price breakout, Tesla (NASDAQ: TSLA) stock could be facing a potential pullback based on the equity’s technical setup.Tesla closed the week at $320.72, up 3.07%. The stock has seen significant investor interest amid the post-election rally that pushed it toward the $400 resistance. Analysis indicates that TSLA has formed a bearish counter-attack pattern on the weekly chart, a reversal signal that often emerges near resistance zones, according to GDXTrader in an X post on November 16. “TSLA ...
2 tech stocks to buy and hold for long term
Finbold· 2024-11-16 17:21
For years, the technology sector has been a cornerstone of substantial returns, consistently outperforming other industries through sustained growth and innovation. The emergence of artificial intelligence (AI) has further accelerated this momentum, reshaping market dynamics and elevating companies at the forefront of this revolution to unprecedented levels.Among these companies, Meta Platforms (NASDAQ: META) and Amazon (NASDAQ: AMZN) stand out by effectively harnessing AI, digital advertising, and e-commer ...