(Bloomberg) — A rare streak of tranquility in Tesla Inc. shares is about to end, as investors brace for three crucial events over the coming six weeks that could bring back the wild swings often associated with the electric-vehicle maker’s stock. Most Read from Bloomberg In less than a week, the Elon Musk-led company will […]
Tesla (NASDAQ:TSLA) stock has performed poorly over the past 12 months due to several factors, ranging from strong competition in the EV space to CEO Elon Musk’s distractions from the company, all exacerbated by valuation concerns. However, I believe two short-term catalysts could indicate that Tesla has hit bottom, so I am bullish on the […]
The May jobs report revealed a hotter-than-expected addition of 272,000 nonfarm jobs to the US economy, over 90,000 more than economists predicted. Shares of popular meme stock GameStop (GME) are falling after the company announced it would sell 75 million class A shares of its stock. In addition, popular social media meme stock investor Keith […]
Leonardo Munoz/VIEWpress/Corbis via Getty Images The S&P 500 could drop 10% over the summer months to 4,800, according to JPMorgan. The bank highlighted three catalysts that could drive a decline. The May jobs report could spark a bearish narrative change in the stock market. A 10% sell-off in the stock market is possible this summer […]
BMO Capital Markets recently increased its target for the S&P 500 (^GSPC) to 5600, the highest forecast on Wall Street. The Dow Jones Industrial (^DJI) recently crossed 40,000 in an all-time record, with some on Wall Street confident the rally can continue. Is the bullish sentiment a little too optimistic, or is this moment the […]
Nvidia (NASDAQ: NVDA) stock is having another great year. In 2024, shares of the artificial intelligence (AI) tech giant have gained 91.9% through May 15, crushing the S&P 500 index’s 11.9% return. The stock’s longer-term performance is even more stunning, as it turned an investment of $5,000 into nearly $1 million over the last decade […]
Bitcoin’s price may soar this month and so, too, might the shares of MicroStrategy, which owns billions of dollars worth of BTC, a TD Cowen analyst said. MicroStrategy is poised to be “meaningfully higher” at the end of the year, Lance Vitanza said. Bitcoin {{BTC}} has significant upside potential this month thanks to two big […]
Ozempic and Wegovy are the rock stars of the biopharmaceutical world. When celebrities talk about a prescription drug, it has reached the big time. And that’s what has happened with Novo Nordisk‘s two blockbusters. The success of Ozempic and Wegovy has also helped Novo Nordisk become a rock star for investors. Shares of the big […]
Eli Lilly shares have soared more than 100% over the past year, bringing the company to a market value of more than $740 billion. Investors are excited about the pharma company because of its dominance in the billion-dollar weight loss drug market. Lilly sells two weight-loss drugs that, together, are bringing in billions of dollars […]
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Let me tell you something you probably already know: I have no clue what the stock market is going to do in April. But I can confidently say two things. First, this has […]
Eli Lilly has been on a roll. The big drugmaker won U.S. regulatory approval for weight loss drug Zepbound in November 2023. Over the last 12 months, Lilly’s share price has skyrocketed more than 140%. Lilly has also claimed the mantle of the biggest healthcare company in the world based on market cap. Don’t worry […]
Apple (NASDAQ:AAPL) stock has been really struggling to break through to a new all-time high. Undoubtedly, Apple seems to have been outshined by its peers in the Magnificent Seven, but there exist catalysts that could help power a much-awaited rally, perhaps to the Street-high price target of $250 per share. Indeed, Apple stock seems to […]