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 […]
Timo Wollmershaeuser, Ifo Institute chief, speaks during a press conference at the Federal Press Conference. Fabian Sommer/dpa The Bundesbank, Germany’s central bank, described increasing optimism over the state of the country’s economy in its latest monthly report published on Thursday. The influential ifo Institute, meanwhile, raised its forecast for growth in Germany’s gross domestic product […]
In September 2020, Cathie Wood’s Ark Invest estimated that fintech company Block (NYSE: SQ) would reach $375 per share by 2025. That implied 150% upside at the time, but Block stock has since declined by more than 50%. The target now implies 505% upside from the current price of $62 per share. That drawdown notwithstanding, […]
GameStop’s Dismal Results Fail To Show Signs Of A Turnaround On Friday, GameStop Corporation (NYSE: GME) failed to show signs of an operational turnaround as it delivered its fiscal first quarter results earlier than expected, previously saying they will be issued on June 11thafter market close. The unexpected and dismal results only hours before meme-stock […]
Macy’s (M) beat muted Q1 expectations, as a buyout bid lingers in the background. On Tuesday morning, the department store chain reported revenue of $4.85 billion, down 2.7% compared to last year, and slightly higher than Wall Streets’ estimates of $4.81 billion. Its adjusted earnings per share of $0.27 also topped the $0.14 expected. Same-store […]
When Plug Power (NASDAQ: PLUG) posted its first-quarter results, the issues that have plagued the company over the past year remained front and center. The biggest of these issues is the company’s negative gross margins and cash outflows. The stock was down over 60% over the past year before news that the company received a […]
When PayPal Holdings (PYPL) reports first quarter earnings on Tuesday, investors will be looking for more signs that its new chief executive, Alex Chriss, is making the right moves. PayPal stock has gained 8% in 2024.
If SpaceX manages a Starlink launch from Cape Canaveral tonight, it will come less than three days since the last rocket blasted off from the same launch pad, setting a new turnaround record while using a first-stage booster for a record-setting 20th flight. A Falcon 9 carrying 23 more of SpaceX’s Starlink internet satellites is […]
Almost every business has a period in which problems arise, either because of economic forces, competition or declines in sales. At those times, the stock price can suffer until either internal or external events improve. Take a look at three real estate investment trusts (REITs) that have experienced prolonged periods of poor performance and some […]
China is making a concerted effort to lower its dependence on foreign technology. Chip giant Intel (NASDAQ: INTC) is the latest U.S. tech company to find itself in the crosshairs. Financial Times reported over the weekend that China had introduced new guidelines that will result in government PCs and servers powered by Intel or AMD […]
Disney (DIS) shares rose more than 2% on Monday following a fresh upgrade on Wall Street. Barclays analyst Kannan Venkateshwar upgraded the stock to Overweight from Equal Weight and boosted his price target on shares to $135 from the prior $95. The move implies roughly 15% upside based on current trading levels of about $120 […]
(Bloomberg) — Victoria’s Secret & Co. shares plunged by roughly 30% in premarket trading after the beleaguered lingerie maker’s full-year sales guidance fell short of analysts’ expectations. Most Read from Bloomberg Underscoring the retailer’s struggle to gain relevance with customers, the company said it expects net sales of $6 billion this year, weaker than last […]