Benzinga readers pick which Magnificent 7 stock could have the best performance if there is a Santa Claus rally to close 2024 and kickstart 2025.What Happened: The majority of the Magnificent 7 stocks have outperformed the S&P 500 year-to-date in 2024. With a limited number of trading days left to close out the year, one last question on the mind of investors is whether there will be a Santa Claus rally.The term “Santa Claus rally” was first used by Yale Hirsch in 1972 in the Stock Trader's Almanac. The ter ...

The markets experienced significant volatility this week, with stock indexes dropping as much as 5% from their recent highs in rapid fashion. While these sharp price moves rattled some investors, they might actually be the holiday gift savvy buyers didn’t know they needed.On Wednesday, Fed Chair Jerome Powell delivered a notably hawkish press conference, dampening hopes for multiple rate cuts in 2025 as he expressed concern over rising inflation. However, this morning’s updated PCE inflation data, the Fed’s ...

ToplineTesla on Friday announced it is recalling almost 700,000 cars in the United States over an issue with the tire pressure monitoring system, bringing the total number of recalls for the electric vehicle maker to 15 so far this year, impacting more than 2.7 million cars.A Tesla Model Y on a Tesla car lot on May 31, 2023 in Austin, Texas. Getty Images Key FactsFriday's recall is over an issue with the tire pressure monitoring system of certain 2024 Cybertruck, 2017-2025 Model 3 and 2020-2025 Model Y vehi ...

Tesla electric vehicles are parked in a parking lot at the Tesla Gigafactory Berlin-Brandenburg plant.Shares of Tesla continued to slide on Friday, in what appeared to be a case of investors taking profits from the electric car maker's blistering post-U.S. election rally.As of around 6 a.m. ET, the firm's shares were down 5% in U.S. premarket trading, extending losses from earlier in the week. On Wednesday, Tesla shares slumped 8% to post their worst day since before Donald Trump's presidential election vic ...

Telsa (TSLA -0.90%) shares have advanced 77% year to date, more than tripling the 23% return in the S&P 500 (^GSPC -0.09%). But Microsoft (MSFT -0.08%) shares have advanced 16% year to date, underperforming the benchmark index by a wide margin.Billionaire Philippe Laffont apparently favors the underperformer. His hedge fund, Coatue Management, sold 1.8 million shares of Tesla through the first three quarters of 2024, reducing its stake by 45%. Meanwhile, Coatue bought 40,925 shares of Microsoft, increasing ...

Tesla (TSLA) closed the latest trading day at $436.17, indicating a -0.9% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.09%. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq depreciated by 0.1%.Shares of the electric car maker have appreciated by 28.68% over the course of the past month, outperforming the Auto-Tires-Trucks sector's gain of 16.11% and the S&P 500's loss of 0.29%.Analysts and investors alike will be keeping a c ...

Nationally ranked stock picker for 30 years. Victory Formation and Bottom Fishing Club quant-sort pioneer.....Paul Franke is a private investor and speculator with 38 years of trading experience. Mr. Franke was Editor and Publisher of the Maverick Investor® newsletter during the 1990s, widely quoted by CNBC®, Barron’s®, the Washington Post® and Investor’s Business Daily®. Paul was consistently ranked among top investment advisors nationally for stock market and commodity macro views by Timer Digest® during ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

In Brief Tesla is evaluating multiple Texas cities where it wants to test a long-promised robotaxi service, including Austin, according to emails obtained by Bloomberg News. An employee has apparently been in touch with Austin officials since May, and recently held an event in December to “train first responders on how to best work with Tesla’s autonomous vehicle technology,” which is still in development. The employee told the city that “Austin is obviously on our roadmap, but has not yet been decided wh ...

Tesla (NASDAQ: TSLA) shares recently experienced a sharp pullback, dropping 8.3% to close at $440.12, their steepest decline in months. This drop coincided with a broader market selloff, as the Nasdaq Composite and S&P 500 fell 3.5% and 3%, respectively.Despite this short-term setback, technical indicators and long-term growth factors suggest Tesla remains well-positioned to rally toward $1,000 by the end of 2025.Tesla stock one-day price chart. Source: Google FinanceTechnical analysis highlights bullish pa ...