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Tesla recalls more than 57,000 Cybertrucks in 2024
Finbold· 2024-11-14 10:08
Marketed as a durable, rugged vehicle, Tesla’s (NASDAQ: TSLA) Cybertruck has faced persistent criticism over performance issues, including breakdowns under basic conditions like rain, ever since its release.Considering the growing reputation, it may come as no surprise that Finbold’s research found Tesla might have been forced to recall up to 57,332 Cybertrucks since the start of 2024 – an average of 172 units per day since January 1.In total, there have been five recalls affecting the Cybertruck specifical ...
Here's Google stock's path to $235 by Q1 2025
Finbold· 2024-11-13 11:59
Alphabet Inc. (GOOG) has shown impressive resilience in 2024, gaining around 31% amid a challenging economic and regulatory environment.As the company strengthens its position in artificial intelligence and digital advertising, it is also navigating competitive pressures and multiple antitrust challenges.With technical indicators signaling further bullish momentum, GOOG appears on track for a potential rise to $235 by the end of Q1 2025. Technical indicators signal a bullish outlookAccording to an analysis ...
AI predicts Amazon stock price after plans to rival Nvidia chips emerge
Finbold· 2024-11-12 18:05
Amazon (NASDAQ: AMZN) is aiming to challenge Nvidia’s (NASDAQ: NVDA) dominance in the artificial intelligence space by planning to launch its custom-made chips.Reports indicate that Amazon’s Annapurna Labs is ramping up AI chip production as part of the company’s push to reduce reliance on Nvidia. The chip, dubbed Trainium 2, is nearing market launch, having undergone testing with other key industry players, such as Anthropic and Databricks.If successful, Trainium 2 is expected to help Amazon cut AI costs—a ...
Wall Street analyst revises Tesla (TSLA) stock price with bull case in play
Finbold· 2024-11-12 13:17
Core Viewpoint - Tesla's stock projection has been positively revised due to CEO Elon Musk's political affiliation with President-elect Donald Trump, leading to increased investor optimism and a potential $500 bull case for the company [1][2]. Stock Performance - Tesla's stock has experienced a 40% rally, reaching a two-year high, and surpassing Morgan Stanley's previous price target of $310 [2]. - The current share price is around $350, reflecting a significant increase from approximately $11x EV/EBITDA to 16x based on FY30 forecasts [3]. Analyst Insights - Morgan Stanley's Adam Jonas has raised the price target for Tesla to $500, indicating a valuation of just below 24x EV/EBITDA at that price [3]. - Wedbush Securities' Dan Ives has also increased Tesla's price target from $300 to $400, citing the potential for artificial intelligence and autonomous technology to thrive under the Trump administration, representing a $1 trillion opportunity for Tesla [4][5]. Market Dynamics - Tesla's stock closed at $350, up nearly 9% for the day, with a notable 40% increase over the past week [7]. - The stock has shown strong buying interest, breaking out from the $280-$290 resistance range, and could potentially test its previous all-time high of $414.50 [9]. Short Selling Impact - Since Trump's victory, short sellers have incurred losses of approximately $7.8 billion, with expectations of continued short covering due to the rally-induced short squeeze [9][10].
Nvidia CEO confirms Supercomputing powerhouse for internal testing
Finbold· 2024-11-11 15:53
Between its market share, market capitalization, and prevalence in media and online discussions, Nvidia (NASDAQ: NVDA) is undoubtedly the leading company in the semiconductor industry.The technology giant’s CEO, Jensen Huang, yet again demonstrated why his company is such a powerhouse in a November 7 appearance on the No Priors – an artificial intelligence (AI) and technology podcast. Specifically, the billionaire executive revealed several important facets of Nvidia’s process, including the fact that the f ...
Nvidia stock short ratio hits two-week high as NVDA closes in on $150
Finbold· 2024-11-11 15:17
Nvidia (NASDAQ: NVDA) has been one of the most remarkable stock market performers in 2024 and has, in many ways, become emblematic of the ongoing artificial intelligence (AI) boom.Simultaneously, the semiconductor giant’s shares have been among the assets that massively benefitted from Donald Trump’s victory in the 2024 presidential election. This is exemplified by the fact that NVDA stock is 6.38% in the last five sessions but has surged 6.48% since election day on November 5.NVDA 5-day stock price. Source ...
Analyst revises Microsoft stock price target
Finbold· 2024-11-11 13:46
Core Viewpoint - Microsoft is experiencing a mix of cautious optimism from analysts, with price targets being adjusted amid investor sentiment focused on Azure's growth potential and upcoming earnings results [2][3]. Stock Performance - Microsoft shares are currently priced at $423, reflecting a modest increase and a solid gain of 3.06% over the past five days [2]. - The stock is trading within a 52-week range, currently positioned in the middle, and is lagging behind the S&P 500, which is nearing new highs [2]. - The monthly trading range for MSFT is between $405.57 and $438.50, with support levels identified between $410.43 and $421.09, and resistance levels from $429.37 to $438.69 [2]. Analyst Ratings and Price Targets - RBC Capital maintains an "Outperform" rating with a price target of $500, citing positive feedback from Microsoft executives but noting cautious investor sentiment regarding Azure's performance [3]. - Daiwa Securities has raised its price target from $500 to $520 while keeping a "Buy" rating, expressing confidence in Microsoft's market navigation [3]. - President Capital has slightly lowered its target from $490 to $485 but maintains a positive "Buy" stance [3]. - Citic Securities increased its target from $465 to $476, reinforcing confidence in Microsoft's long-term value [3]. - UBS analyst Karl Keirstead reiterates a "Buy" rating with an unchanged target of $500, focusing on Microsoft's fundamentals and future potential [3].
Analyst revises Nvidia stock price target
Finbold· 2024-11-11 11:29
Nvidia (NASDAQ: NVDA) has been on a tear lately, reaching an all-time high of $149.45 last week and currently holding steady around $147.63—a hefty 6.38% gain over the past five days.Nvidia 5-day stock price chart. Source: FinboldIf you’re watching Nvidia soar, you’re not alone. A new 52 week high is currently being made and while the S&P 500 is also trading near record levels, Nvidia’s ascent feels anything but ordinary. In the past month, Nvidia has traded between $128.74 and $149.77, a wide range for eve ...
Why this Warren Buffett stock is set to skyrocket
Finbold· 2024-11-11 10:38
Though Coca-Cola (NYSE: KO) has, overall, been doing well in 2024, its recent stock market fortunes have been somewhat lackluster. Specifically, despite KO shares being, at press time, 6.95% in the green year-to-date (YTD), they plummeted 9.04% to $64.06 in the last 30 days. 5D 30D 6M YTD 1Y KO Performance 24H -9.04% (-$6.36) EST 0 ★ 72.00 © Not 71.00 1% 70.00 69.00 & In 68.00 Buy K 67.00 most ; 66.00 Conte 65.00 O F の K - 63.98 ② F 77 () l 63.00 14 17 22 27 Nov 7 KO stock 30-day price chart. Source: Finbol ...
Investment strategist picks top 5 stocks for 2025
Finbold· 2024-11-10 17:53
Market Overview - The stock market is expected to end 2024 on a high note, with investors focusing on equities likely to dominate in 2025 [1] - 2025 will be a crucial year due to the new administration and potential market susceptibility to policies under the Donald Trump government [1] Technology and AI Sector - The technology and artificial intelligence sectors are expected to continue leading the market in 2025 [2] - Nvidia (NVDA) is anticipated to maintain its strong performance, driven by its AI-focused products and next-generation Blackwell chips [3] - Nvidia is projected to achieve a 47% free cash flow margin and 40% revenue growth in 2025 [3] - As of press time, NVDA was trading at $147.63, reflecting a year-to-date return of 206% [4] Palantir (PLTR) - Palantir (PLTR) has gained significantly due to its AI platforms, Artificial Intelligence Platform and Foundry, which are becoming essential for companies integrating AI [5] - The company is expected to achieve a 34% free cash flow margin and 24% revenue growth in 2025 [5] - PLTR was trading at $58.39, gaining 252% in 2024 [6] Tesla (TSLA) - Tesla (TSLA) is thriving, with a market cap of $1 trillion, driven by CEO Elon Musk's ties with Trump and innovations in Full Self-Driving (FSD) technology, Megapack energy storage, and the Optimus humanoid robot [8] - Tesla's 2025 outlook includes projected revenue growth of 17% and a free cash flow margin of 6% [9] - TSLA was valued at $321.22, up almost 30% year-to-date [9] Amazon (AMZN) - Amazon (AMZN) continues to dominate cloud computing and e-commerce, with projected revenue growth of 11% and a 9% free cash flow margin in 2025 [11] - Amazon's advancements in robotics, particularly Kiva robots, are key drivers of e-commerce efficiency and margin expansion [12] - AMZN is currently trading at $208.18, reflecting gains of 38% in 2024 [12] Axon Enterprise (AXON) - Axon (AXON) is impacting the public safety industry with products like Axon Cloud and the Axon Body 4 camera, holding a near-monopoly in public safety tech solutions [14] - The company forecasts a 19% free cash flow margin and 22% revenue growth in 2025 [14] - AXON was valued at $603.18, surging almost 140% in 2024 [15] Established Companies (JJ, PG, KO) - Johnson & Johnson (JJ), Procter & Gamble (PG), and Coca-Cola (KO) are well-established companies with a long history of paying dividends, suggesting lower risk of dividend cuts [16] - These companies have a history of consistently increasing dividends, making them reliable options for income-seeking investors [17] - They operate in defensive sectors (healthcare and consumer staples), which tend to perform well during economic downturns [17] Potential Disadvantages of Established Companies - JJ, PG, and KO may offer lower dividend yields compared to other stocks in higher-yield sectors [18] - These companies may have slower growth potential compared to high-growth sectors like technology [18]