Page 2362 of 9001
IBM's AI advancements and strong growth in software are key factors in projecting a fair value of $300 per share and a 'Strong Buy' rating. Read more here...
Continue Reading
All three of the major averages (^DJI,^GSPC, ^IXIC) closed lower on Wednesday. One of the biggest movers was McDonald' (MCD) which fell 5% after an E. coli outbreak was traced back to its Quarter Pounder sandwiches. After the close, shares of Tesla (TSLA) soared after the EV giant posted better-than-expected Q3 earnings. Yahoo Finance Markets Reporter Josh Schafer joins Anchor Josh Lipton on Asking For a Trend to examine the trading day. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Kevin Hall...
Continue ReadingElon Musk on Wednesday said his company plans to soon roll out a ride-hailing service similar to Uber (UBER) in two states friendly to self-driving cars...
Continue ReadingIBM (IBM) shares are under pressure after the company’s third quarter revenue fell short of analyst expectations. Argus Research director of research Jim Kelleher joins Julie Hyman and Josh Lipton to break down the results, where the company fits into the artificial intelligence play, and IBM stock’s valuation. “The revenue was a little light, and that's the instant reaction. It is worth keeping in mind that this long-time lagging stock was up about 42% year to date [and] its peer group is up considerably less,” Kelleher says. The analyst says IBM could be an interesting way to play the AI trade. “They're really getting the AI story together… Generally, I think their cloud strategy and their AI strategy is now kind of working.” Kelleher notes that IBM stock has been “kind of a chronic underperformer over the years.” He says, “It's been a very depressed stock,” given its growth potential. He adds, "Earnings did grow a little bit [though] again a little disappointment on the top line. But I think that's addressable." To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Naomi Buchanan...
Continue Reading
Tesla Wednesday reported an unexpected improvement in earnings for the third quarter, lifting its recently battered shares in after-hours trading...
Continue ReadingTesla reported third quarter results after the bell on Wednesday...
Continue ReadingAfter the close, Tesla (TSLA), ServiceNow (NOW) and IBM (IBM) beat on earnings, while Las Vegas Sands (LVS) missed...
Continue ReadingTesla (TSLA) stock is climbing higher in extended-hours trading after reporting mixed third quarter earnings, missing revenue estimates ($25.18 billion vs. $25.43 billion expected) and posting adjusted earnings of $0.72 per share ($0.60 was expected). The EV maker stated it is on track for "slight growth" in EV deliveries for 2024, while projecting production on affordable EVs to begin in 2025. "This just confirms what they've been saying, which is we're going to get affordable cars in the first half of next year," RBC Capital Markets Global Autos Analyst Tom Narayan tells Julie Hyman and Josh Lipton, adding: "We all thought we were going to see something at the robotaxi event about this, but I think folks are just comforted to know that it is coming. Everything is on track on the more affordable cars." Narayan discusses Tesla's earnings print and what it is forecasting about the electric automaker's margins: "They did do some discounting and they're going to try to get that growth number for the full year. So Q4 you're going to see some price-cutting. But if they can still do a 17% margin, X credits, that's a pretty strong signal that... they can continue to hold on to margins." Tesla reported 462,890 EV deliveries, just below Wall Street consensus estimates 463,897. Narayan believes Tesla's Full Self-Driving upgrades and pivots to autonomous driving could be boosting its demand. "The services number was pretty high. So I do wonder if the services attach rate, especially FSD, might be making making an impact here. Folks could be thinking I'm going to buy this car because of FSD," Narayan says. "That may be catalyzing demand. And kind of even though the models are maybe a little long in the tooth... FSD is something, something special here that might be what's happening." To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan...
Continue ReadingInterest rates and the anticipation of big news from Tesla played roles in Lucid stock's moves Wednesday...
Continue ReadingAlthough the revenue and EPS for IBM (IBM) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers...
Continue Reading