Joining me right now for some of the other movers to look at here, Diane King Hall is with us. And we'll start off with General Mills, the earnings there. And good morning to you, Dian. Good morning to you.Uh when I looked at the numbers today from General Mills, I asked the question, are people eating cereal again. And it looks like it based on the numbers. The growth not necessarily in North America, but it did beat expectations on both the top and bottom line.Uh earnings coming in at a buck 10 per share ...

Economic Data and Labor Market - The November jobs report indicated payrolls rose by 64,000, surpassing the estimate of 50,000, but the unemployment rate increased to 4.6% for the fourth consecutive month [4][6]. - The labor market is showing signs of weakness, particularly in the private sector, with significant job losses attributed to government-related factors [5][6]. - There is a decoupling between GDP growth and the labor market, with solid GDP growth expected despite a weakening labor market [6][11]. Federal Reserve and Inflation - The Federal Reserve faces challenges as inflation remains around 3%, while the labor market weakens [6][12]. - The bond market is experiencing fluctuations, with concerns about the potential for increased Treasury supply impacting yields [21][22]. - The central scenario for economic growth is uncertain, with a 50% probability assigned to solid growth above 2% and equal probabilities for a non-inflationary boom or stagflation [11][12]. Tesla and Autonomous Vehicles - Tesla's stock is near record highs, driven by advancements in its Robo Taxi division, with projections suggesting a potential $3 trillion valuation by the end of 2026 [29][41]. - Key goals for Tesla include expanding Robo Taxi operations to 30 cities, achieving driverless tests, and demonstrating volume production of autonomous vehicles [36][41]. - Analysts express mixed views on Tesla's future, with some cautioning against overly optimistic sales projections amid changing market conditions [30][32]. Retail Sector Insights - Retail sales data for November showed a year-over-year growth of approximately 4.7%, despite flat month-over-month sales [95][96]. - Consumer spending trends indicate that higher-income households are driving spending, reflecting a K-shaped economic recovery [99][100]. - Apparel remains the top category for holiday spending, with expectations for strong sales driven by gift cards and toys [102][103]. Housing Market and Construction - Builder sentiment remains low, with many builders cutting prices to move inventory amid rising construction costs and economic uncertainty [70][81]. - The construction industry anticipates some relief from recent Federal Reserve rate cuts, but mortgage rates are expected to remain above 6% for most of 2026 [72][75]. - Local land use policies and labor shortages are identified as significant bottlenecks to increasing housing supply and affordability [84][86].

Tesla bucking the broader tech selloff up as much as 4.8% today and closing a percent higher. Stifle doubling down on its bullcase for the stock hiking its price target from 483 to 508 a share which implies 24% upside from today's close. The firm citing strong progress on full self-driving and robo taxi even amid headwinds for the EV business.Steven Janeo is behind the call. He joins us now. Stephen, great to have you with us.>> Thank you for having me. This is a sum of the parts analysis and so I'm wonderi ...

We're announcing a partnership with Uber. We're working together to connect these NVIDIA drive Hyperion cars into a global network. A robo taxi is essentially an AI chauffeur.We created this architecture so that every car company in the world could create cars that are robo taxi ready. Drive Hyperion is now designed into Lucid, Mercedes-Benz, the folks at Stalantis, and there are many other cars coming. Basically, the standard chassis has now become a computing platform on wheels.And because it's standard a ...

Core Viewpoint - Tesla's recent quarter results did not present any major surprises, with a focus on energy storage and autonomy as key drivers for future growth and profitability [2][4][10] Financial Performance - Energy storage contributes 15% of Tesla's business but accounts for 25% of its profit, providing a buffer for the automotive segment which may face challenges [3][7] - The automotive segment showed better-than-expected profitability due to the retention of regulatory credits, contrary to expectations of their expiration [4][6] Market Dynamics - Anticipation of tax credits expiring led to a surge in demand, with nearly 500,000 units sold this quarter, but a decline to 400,000 units is expected in the next quarter [5] - Regulatory credits have only decreased by about 5%, which is unexpected and could positively impact margins if they remain stable [6] Future Growth Opportunities - The energy storage business, while currently a smaller segment, is seen as a long-term growth opportunity, contributing to profitability amidst rising electricity prices [7][8] - Autonomy remains the primary driver for Tesla's valuation, with an estimated $300 of the stock's value attributed to this segment [10]

All right, Tesla deliveries are due out shortly. Joining us now with more on what's ahead for the stock. Craig Irwin, Roth Capital, senior research analyst and Jed Dorschimer, William Blair Group, head of energy uh and power.I think this is supposed to be a debate, but Craig, you're our bull, but you got a you got a price target of $395. You're off by $70 already. You're the bull.You know what. It's been one heck of a run this last couple months, and uh you know, there's a lot of room for it to run. Okay.Yo ...

Core Viewpoint - Tesla's stock is experiencing significant optimism, with a price target increase to $600 from $500, indicating a potential upside of over 40% from the current average price of approximately $347 per share [1][2]. Price Target and Market Performance - The new price target of $600 is the highest on Wall Street and is 23% above Tesla's all-time high of $488 reached in December 2024 [3]. - Tesla's stock has rallied more than 30% in September, coinciding with expectations of strong Q3 vehicle deliveries, potentially reaching 500,000 units, driven by the expiration of a $7,500 EV credit [5][6]. Autonomous Driving and AI Potential - The optimism is largely attributed to Tesla's advancements in AI and autonomous driving, with estimates suggesting the AI autonomous opportunity could be worth at least $1 trillion for Tesla alone [4]. - Dan Ives predicts that Tesla will capture around 70% of the global autonomous vehicle market within the next decade, with full self-driving features expected to penetrate more than 50% of the market [4]. Company Strategy and Financial Health - Tesla's CEO Elon Musk is seen as pivotal in driving the company into its next growth phase, with plans to roll out robo-taxis in 30 cities within the next year [3]. - Despite some deceleration in sales growth, Tesla's core automotive business remains profitable, allowing it to fund other innovative projects without needing external financing [11][12]. Market Perception and Investment Sentiment - The debate continues on whether Tesla should be viewed primarily as a car company or an AI and autonomy company, with differing opinions among analysts [7][9]. - Historical data suggests that betting against Tesla has not been profitable, indicating strong investor sentiment towards the company's future prospects [8].

Robin, you've just been unequivocal about the future of the company and the inclusion of those operational milestones on Optimus and Robo Taxi, but when the proxy hit, many many shareholders went straight to the bullet point on the 20 million vehicle deliveries. How much was that informed by a the board wanting Elon Musk to focus on the breadandbut business in the near term, but also did you have some data that sales specifically were being impacted by Musk's political activity. Yeah, I I would say that uh ...

Competitive Landscape - Autonomous technology maturation positions Tesla as a direct competitor to Uber in the robo-taxi market [1] - Tesla's vertically integrated manufacturing could enable lower cost per mile, potentially undercutting Uber's pricing [2] Market Opportunity - Robo-taxi represents a significantly larger opportunity than ride-hailing [2] - Ride-hailing currently accounts for only 3% of US vehicle miles traveled [2] - Robo-taxi market could reach a $10 trillion addressable opportunity at scale [2] Company Focus - The company is closely monitoring Tesla's robo-taxi rollout since June [3] - The company is tracking the scale of Tesla's robo-taxi rollout in the coming months [3]

Fan Base & Community - The company has a large and enthusiastic fan base that attends events and expresses strong support for Elon Musk and the company's products [1] - Fans show their support through merchandise like t-shirts referencing past product launches and slogans like "don't bet against Elon" [1] - Some fans have invested significant portions of their life savings in the company [4] Product Excitement & Future Vision - The company's supporters are particularly excited about the potential of robo taxis and Optimus [2] - The Cyber Cab, a car without a steering wheel, was showcased at the event [2][3] - A 3D printed Cybertruck was available for children to color, indicating efforts to engage younger audiences [2] Investor & Customer Overlap - There is a significant overlap between Tesla car owners and investors in the company, with some becoming investors after buying a car and vice versa [4]