Tag Archives: analysts

The Biden administration is pushing hard to promote electric vehicles (EVs). From a $7.5 billion provision in the ‘Build Back Better’ bill to expand and increase charging station networks to political pressure on automakers to commit to increased production with the goal of converting 40% of car sales to EVs by the end of this decade, it’s clear that under Biden, the government has the will to enforce a major shift in the automotive industry. For investors, this type of political… Source link

Yandex (NASDAQ:YNDX) has received a consensus recommendation of “Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $83.29. Several equities analysts have commented on YNDX shares. UBS Group raised shares of… Source link

Treasury Secretary Janet Yellen meets with President Joe Biden to discuss the federal debt limit in October. (Chip Somodevilla/Getty Images) On Tuesday, Treasury Secretary Janet Yellen set Dec. 15 as the latest deadline for when the U.S. could default on government debt. Today, an independent group of analysts at the Bipartisan Policy Center (BPC) have confirmed the deadline, projecting a debt limit “X Date” of when the U.S. will no longer be able to pay its bills as a possibility… Source link

The stock markets are at or near record highs right now, buoyed by a strong investors sentiment, especially among retail investors. Stocks represent a strong return while interest rates and bond yields remain low. But for return-minded investors, stocks are not the only game in town. The notoriously volatile Bitcoin has surged 109% this year, peaking above $65,000 earlier this month. Yet, some crypto watchers believe the digital coin will climb even higher. The cryptocurrency sector is worth… Source link

Tesla’s first quarterly earnings call on Wednesday night without CEO Elon Musk (by his own design) was as boring as watching a Pinto head down a quarter mile track for time.  But Wall Street pros say that the lack of Musk’s presence didn’t really matter, the more important thing is that Tesla (TSLA) continues to squeeze out more profits from each vehicle it makes.  “Tesla reported particularly strong 3Q21 operating performance, delivering its highest auto gross margins since Model 3 was… Source link

Electric vehicles have been with us since the dawn of automobiles; several early models a century ago were electrically powered. But the technology involved – in power generation, in batteries, in electric drive motors and power trains, in chassis and body design and materials – is coming into its own now. Today’s electric cars share the same styling as gasoline vehicles, can match or exceed legacy vehicles’ performance, and are rapidly gaining in reliability and battery charge… Source link

The maxim “buy the dip” has been commonplace in retail investing – and retail investors demonstrated their commitment to this idea during the pandemic. But for the first time in a while, retail investors might be ignoring that guidance now. The S&P 500 index dropped over 30% in March 2020. Ordinary investors didn’t flinch; instead, they bought up index funds on the cheap. In many cases, this activity has worked as a counterweight to the market’s plunges. A note from Vanda Research, a… Source link

The logo of Google Play is seen on a screen. Alexander Pohl | NurPhoto | Getty Images Wall Street analysts on Monday began to provide early reactions into how a recent ruling in Epic’s lawsuit against Apple might impact Google. On Sept. 10, a judge ruled Apple can’t prohibit developers from giving consumers links to pay for in-app purchases outside of the App Store, bypassing Apple’s 30% fee. While the judge didn’t find Apple monopolistic, the company’s shares declined 3% on the news and Google… Source link

Brokerages predict that Yandex (NASDAQ:YNDX) will announce earnings per share (EPS) of $0.02 for the current quarter, according to Zacks. Zero analysts have issued estimates for Yandex’s earnings. Yandex posted earnings per share of $0.27 in the same quarter last year, which would suggest a negative year over year growth rate of 92.6%. The business is scheduled to report its next quarterly earnings report on Wednesday, October 27th. According to Zacks, analysts expect that Yandex will… Source link

(Bloomberg) — Roblox Corp., the developer of a video-game platform that’s widely used by preteens, fell as much as 7.8% in late trading after reporting second-quarter bookings that missed Wall Street estimates. Bookings, a measure of sales, rose to $665.5 million, the San Mateo, California-based company said Monday, missing the $683.3 million average of analysts’ estimates. In July, daily active users rose 8% from the prior month to 46.6 million. Roblox doesn’t provide forecasts. To… Source link