Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleu | Pool | via Reuters Check out the companies making headlines in midday trading. Tesla — The electric vehicle stock dropped nearly 3% after announcing the departure of its chief
Month: August 2023
Beyond Meat’s Cookout Classic value pack. Beyond Meat Check out the companies making headlines in after-hours trading. Chegg — Shares soared more than 25% after the educational tech company posted quarterly results. Chegg notched second-quarter revenue of $183 million, while analysts polled by Refinitiv had expected $177 million. Hims & Hers Health — Stock in
Despite ongoing economic challenges, recent reports from various electric vehicle (EV) manufacturers have revealed resilient EV sales. Enhanced by government incentives and manufacturer price reductions, EV sales in the U.S. surged by 50% to 557,330 units during H1 2023, constituting 7.2% of total vehicle sales. However, this growth pace is slower than the 71% increase
EV charging stocks are among the best bets right now due to the surging electric vehicle sales and substantial future potential for growth. According to the National Renewable Energy Laboratory, “…by 2030, EVs could account for 30–42 million light-duty vehicles on the road.” They estimated that “…to support a mid-adoption scenario of 33 million EVs
Consumer stocks have been a mixed bag for investors in 2023. The Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) is up 34.5% so far this year, making it the S&P 500’s third-best-performing sector. Meanwhile, the Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) is basically flat. Today’s list of consumer stocks to sell contains a discretionary high-flyer,
Last month, electric vehicle stocks spiked in price, including Lucid Group (NASDAQ:LCID). There are two reasons why LCID stock and other names in the space moved higher. For one, there were rising hopes of improvements ahead for the two biggest issues weighing over both the economy and the stock market: high inflation and high interest
Amalgamated Bank cut its stake in shares of Blueprint Medicines Co. (NASDAQ:BPMC – Free Report) by 13.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 8,470 shares of the biotechnology company’s stock after selling 1,310 shares during the quarter. Amalgamated Bank’s holdings in Blueprint Medicines were worth $381,000 at the end of
Victory Capital Management Inc. trimmed its position in shares of EastGroup Properties, Inc. (NYSE:EGP – Free Report) by 20.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 7,608 shares of the real estate investment trust’s stock after selling 1,977 shares during the period. Victory Capital Management Inc.’s holdings in EastGroup Properties were worth $1,258,000
Too early to tell whether last week’s action will live in market history as the Fitch top or a trap for the bond bulls. The selling from the stock markets key reversal on July 27th resumed on August 2nd in reaction to Tuesday’s unexpected downgrade of US debt by Fitch Ratings. There was also a
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KBC Group NV lessened its position in shares of Toll Brothers, Inc. (NYSE:TOL – Free Report) by 61.5% in the first quarter, Holdings Channel.com reports. The firm owned 2,904 shares of the construction company’s stock after selling 4,640 shares during the period. KBC Group NV’s holdings in Toll Brothers were worth $174,000 as of its
The best bargain retirement stocks are usually those that provide dividends sustained by earnings. Unlike volatile growth stocks, these dividend-paying stocks offer reassurance, signifying a firm’s commitment to returning capital to shareholders. Hence, for investors eyeing cheap retirement stocks that align with these principles, the following list will likely pique their interest. Down 10% or more
The last things you need to have distressing your portfolio this month are F-rated stocks. I believe the stock market is in a good place, and economists believe that third-quarter GDP could exceed the 2.4% the U.S. recorded in Q2. But if you have F-rated stocks, your August will be an expensive waste. Think of
Welcome to our channel! In this video, we delve into the recent Apple earnings disappointment and QQQ’s breakdown, uncovering critical information that could shape your financial decisions. ?? In the ever-changing world of investments, staying informed is key. Join us as we analyze the latest data and trends, shedding light on what lies ahead for
Are you ready to uncover the most profitable stock trades this week? In this video, we delve into the world of stock trading, focusing on the top performers: MCHP, ADI, PANW, AAPL, and CMI. Our strategy centers around a put credit spread, capitalizing on short-term rallies using technical analysis to pinpoint optimal entry points. The
Uber Technologies (NYSE:UBER – Free Report) had its price objective lifted by Mizuho from $60.00 to $63.00 in a research report report published on Wednesday, Marketbeat.com reports. Mizuho currently has a buy rating on the ride-sharing company’s stock. A number of other equities research analysts also recently weighed in on the company. Piper Sandler lifted
Warren Buffett famously said for investors to be “fearful when others are greedy, and greedy when others are fearful.” This has become the mantra for investors looking for cheap long-term stocks. A cheap stock can mean many different things to many different people, but ultimately it represents a company that the market is underestimating –
The EV market has evolved, and Lucid Group’s (NASDAQ:LCID) stock performance no longer relies solely on hype. However, recent data indicates that Lucid hasn’t met expectations. With strong competition in the EV industry and what I’d suggest is only a “D” grade in stock performance, investors might find better opportunities elsewhere. The EV stock faces