Market breadth indicators (% of component stocks above 20-day & 50-day moving averages) have increased to above 50%...
Continue ReadingTesla, Inc. (NASDAQ:NASDAQ:TSLA) Q2 2024 Earnings Conference Call July 23, 2024 5:30 PM ETCompany ParticipantsTravis Axelrod - Head of Investor.....
Continue ReadingTesla, Inc.'s Q2 earnings showed higher revenues but plummeting profits, causing negative market reaction. Click for my updated view of TSLA after the earnings...
Continue ReadingGM continues to surprise investors, o the upside...
Continue ReadingBroadcom began trading on a split-adjusted basis on July 15...
Continue ReadingTesla reports second quarter results after the bell on Tuesday, with investors eying the EV-maker’s future vehicle roadmap, robotaxi rollout, and other initiatives like AI and Tesla Energy...
Continue ReadingNot so fast with the human-like machines running the streets...
Continue ReadingTesla's (TSLA) second quarter earnings are due out Tuesday, July 23, after the market close. As the EV maker pivots further into AI, robotics, and robotaxis, Roth MKM Senior Research Analyst Craig Irwin finds the stock to be "egregiously overvalued." Irwin praises how Tesla CEO Elon Musk has "impeccably" challenged traditional automakers and original equipment manufacturers (OEMs), calling Musk's tactics "unreasonable and successful." "They're blazing the way... the path for so many other companies to follow them, with compelling products produced for a fraction of the cost with a supply chain that that Tesla actually has to go out and develop," Irwin says, adding the caveat that despite all this success, he just doesn't see Tesla as a "compelling long-term investment." Musk has voiced his support for former President Trump's 2024 re-election bid, a decision that has left investors unsure if a second Trump presidency will provide a suitable growth environment for the electric vehicle company. Since his formal nomination at last week's Republican National Convention (RNC), Trump has communicated plans to strike down the Biden administration's EV policies and tax credit incentives if reelected. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan...
Continue ReadingFocus shifts from political risks to a host of corporate earnings reports Tuesday as stocks look to steady from last week's retreat...
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