Here are the biggest calls on Wall Street on Thursday: Barclays reiterates Qualcomm as overweight The firm says Qualcomm is a “best of smartphone breed” following the company’s earnings report on Wednesday. “Better results and guide are indicative of a stronger Android high end and Auto/IoT [internet of things].” Bank …
Votes for the U.S. presidential election are being counted , and the early indications point to a victory for former President Donald Trump. As of around 10 p.m. ET, Trump led Vice President Kamala Harris 201-91 in the electoral college. To be sure, there are still many key races in …
The U.S. presidential election beckons and even though nearly 75 million people have already voted, according to NBC News , nothing seems to have leaked out. You would figure the hedge fund algorithms would have picked up something by now, but I haven’t seen any confirmed bets made either way. …
New Ford F-150 trucks go through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT — The automotive industry has become a crucial topic during the 2024 presidential election as Michigan — home of the Motor City and …
When Tesla CFO Zachary Kirkhorn stepped down last August, Wall Street analysts and investors alike were unnerved. The stock shed more than $23 billion on the news, with one top tech analyst describing the announcement as “a blow in the near term” and a “big surprise to the Street.” It …
Tesla and SpaceX CEO Elon Musk has engaged in secret talks with Russian President Vladimir Putin since late 2022, according to reporting published Thursday by The Wall Street Journal. Citing “several current and former U.S., European and Russian officials,” the Journal reported that conversations between Putin and Musk, a Republican …
As earnings season kicks into high gear, investors are keeping an especially close eye on the Magnificent Seven ‘s quarterly results. The group of mega-cap tech names — Apple , Microsoft , Alphabet , Nvidia , Tesla , Meta Platforms and Amazon — has been the powerhouse of the two-year …
Here are Tuesday’s biggest calls on Wall Street: Stephens initiates Valvoline as overweight Stephens said the automotive retailer is well positioned. “We are initiating coverage on Valvoline Inc . With an Overweight rating and a $49 price target.” Evercore ISI adds a tactical outperform on Alphabet Evercore said it’s bullish …
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT — Wall Street reacted to General Motors’ investor day on Tuesday with a shrug. Executives used the Detroit automaker’s event to focus on broad, near-term updates …
Tesla shares are ripping ahead of the electric vehicle company’s robotaxi debut, but Wall Street is growing skeptical that this event will yield something that will add to the company’s bottom line anytime soon and justify the stock’s run-up. The stock is up nearly 22% in September as investors pile …