Tag TSLA
Market Domination hosts Julie Hyman and Josh Lipton guide investors through the final trading hour of Wednesday, July 24, as US equity markets (^DJI, ^IXIC, ^GSPC) react to earnings out from Alphabet (GOOG, GOOGL) and Tesla (TSLA) and anticipate more results from Big Tech. Citi head of US equity strategy Scott Chronert comes on the program to talk about the role Magnificent Seven tech stocks will have in the ongoing market rotation. Former Chairman of LVMH North America Pauline Brown discusses the consumer pullback from China that is hitting luxury retail brands, including the likes of LVMH (MC.PA, LVMUY) and Burberry (BRBY.L). Other top trending stock tickers on the Yahoo Finance platform include Enphase Energy (ENPH), Ulta Beauty (ULTA), and Lamb Weston Holdings (LW). This post was written by Luke Carberry Mogan...
Continue Reading
Lackluster earnings results from Tesla (TSLA) and Alphabet (GOOG, GOOGL) sent markets under pressure in Wednesday's trading session. Deepwater Asset Management managing partner Doug Clinton joins Market Domination to discuss both companies and their trajectories. Tesla may be investing $5 billion in xAI, CEO Elon Musk's artificial intelligence startup. Clinton believes that the move "makes sense," adding: "What sets xAI apart as a large language model competitor is their ability to think about the physical world from all the things that Elon does at SpaceX, at Tesla. So I think there's synergies there that could be interesting." He believes that the technology being developed at xAI could really benefit Tesla, and the EV company could invest even more to get more value down the road. On the Google front, Clinton says, "we're sticking with it even though it's been volatile today." While some investors were worried about the tech giant's capital expenditures (CapEx), Clinton explains that he's not concerned. He believes that its investments in AI are worth it, explaining that if a tech company walks away from the technology, "everyone else continues and they get it right." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl...
Continue ReadingThe Nasdaq and S&P 500 fell below their 50-day lines as Tesla, Google led a stock market sell-off. Inflation data looms...
Continue ReadingInvestors in technology stocks are witnessing a fall from grace. The big tech names—Apple, Amazon, Google-parent Alphabet Nvidia, Facebook -parent Meta Platforms, Microsoft and Tesla—were all the rage this year. Dubbed the Magnificent Seven, the group members made headlines as the earth’s most valuable companies, helping push the to 38 record highs in 2024...
Continue Reading
Tesla stock falls sharply after the electric-vehicle maker posts second-quarter earnings that missed expectations, Alphabet declines even after beating profit and revenue estimates, and AT&T reports its second-straight quarter of stronger-than-expected net phone subscribers...
Continue ReadingTesla, Alphabet Sell-Offs Drag Nasdaq, S&P 500 Lower...
Continue ReadingWednesday evening, Ford announced a second-quarter operating profit of $2.8 billion, down 26% from $3.8 billion reported in the second quarter of 2023...
Continue ReadingThe S&P 500 dropped 2.3% on Wednesday, July 24, 2024, following lackluster earnings results from Tesla and Google parent Alphabet...
Continue ReadingTesla got several price target cuts and a downgrade after its earnings miss. The EV giant is not a "Trump trade," an analyst noted...
Continue ReadingAs Tesla stock slumps post earnings on concern over profitability and new product reveals, one part of the business is surging — Tesla Energy...
Continue Reading