Tesla has shown it presents a significant risk to legacy automakers as the electric vehicle market grows more crowded, Oppenheimer analyst Colin Rusch told CNBC on Monday. Rusch became the biggest Tesla bull on Wall Street earlier in the day, when he raised his price target on the stock by nearly 60% to $612 per […]
Tag: Investment strategy
Tesla (TSLA) stock hits $500 for the first time
Tesla stock continued to rally on Monday, rising nearly 10% on the day and closing at an all-time high of $524.86 per share. Tesla, which is now up more than 20% in 2020, continued to soar on its entrance into China and Q4 delivery figures that exceeded Wall Street’s expectations. The stock has more than […]
CNBC’s Jim Cramer praises Elon Musk for making Teslas exciting
CNBC’s Jim Cramer extended high praise to Elon Musk on Monday, calling the Tesla CEO “the new face of an auto executive” and extolling the enjoyment of riding in one of the company’s electric vehicles. “Your car becomes an exciting, an exciting place to be,” Cramer said on “Squawk on the Street,” just after Monday’s […]
What happened to the stock market Monday: S&P, Nasdaq hit records
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Dow Jones Industrial Average rises 83 points The Dow climbed 83.28 points, or 0.29%, to end the day at 28,907.05. The S&P 500 and Nasdaq Composite rose 0.70% and 1.04%, respectively, to record highs. Stocks rose as optimism around the […]
JP Morgan kicks off bank earnings, but all eyes on guidance
Pedestrians pass in front of a JPMorgan Chase & Co. bank branch in New York. Eric Thayer | Bloomberg | Getty Images Big U.S. banks J.P. Morgan Chase, Bank of America and Citigroup will benefit from a rebound in trading revenue in the fourth quarter, but that might matter less than what executives say about […]
Goldman Sachs launches Marcus mobile app
A woman looks at Marcus, a new savings and loans app recently launched by Goldman Sachs in New York, January 10, 2020. Mike Segar | Reuters When Goldman Sachs released a long-awaited app for customers of its Marcus consumer bank last week, it did so with little fanfare or hype. Unlike the intense attention on […]
Five biggest stocks dwarfing the market at ‘unprecedented’ level
It’s no secret that a handful of tech giants have been dominating the stock market, but their leadership has reached a level that is raising eyebrows on Wall Street as being unsustainable. The top five U.S. companies — Apple, Microsoft, Alphabet, Amazon and Facebook — now make up 18% of the total market capitalization of […]
Priyanka Chopra Jonas to urge Davos billionaires to end extreme poverty
Priyanka Chopra attends the 77th Annual Golden Globe Awards at The Beverly Hilton Hotel on January 05, 2020 in Beverly Hills, California. Axelle | Bauer-Griffin | FilmMagic Priyanka Chopra Jonas is heading to Davos. The actress and activist will urge the world’s billionaires and leaders to use their wealth to end extreme poverty, address climate […]
‘Worst thing’ investors could do right now is sell: PNC’s Amanda Agati
If you feel the urge to take profits as stocks hit new highs, PNC Financial’s Amanda Agati has a message for you: Resist it. According to the firm’s chief investment strategist, the market is not at peak levels. “The worst thing that clients and investors can do with the market at current levels is pull […]
Dell targets financial traders with launch of giant computer monitor
The enduring image of a trading floor is a cacophonous gaggle of men yelling to buy and sell stocks and other securities. But these days, trading floors are more likely to be dominated by batteries of screens — some desks are equipped with several different displays for a financial terminal, news alerts, tickers, instant messages, […]
