Veteran tech watcher Paul Meeks says the bears may have more meat to rip apart from the carcass that is Tesla’s stock price. “Unfortunately, if you’re a chartist, a technical analyst, there is no floor on this stock,” Meeks, a portfolio manager at Independent Wealth Solutions, said on Yahoo Finance Live (video above). “Does it go all the way back down to $29? I actually, over the next couple of years, wouldn’t be surprised.” Tesla shares last traded under $30 a share back in Jan. 2020, per… Source link
Read More »BofA’s US stock chief sees a floor of 3,200 for the S&P 500 (potential downside of 22%) — but here are 4 sectors she likes for inflation protection and cash return
BofA’s US stock chief sees a floor of 3,200 for the S&P 500 (potential downside of 22%) — but here are 4 sectors she likes for inflation protection and cash return We’re almost halfway through the year, and sentiment has yet to turn bullish. The S&P 500 is down 13% in 2022, while the tech-centric Nasdaq is off 22%. If you want to know how low the market could really go, pay attention to what Savita Subramanian — head of U.S. equity and quantitative strategy at Bank of America Securities… Source link
Read More »WNBA to honor Brittney Griner with floor decals this season
The WNBA is planning to honor Brittney Griner across the league this season. Each team will have a special floor decal to honor the Phoenix Mercury star, who is still in jail in Russia, according to ESPN’s Josh Weinfuss. The decal will feature No. 42, Griner’s number, and the initials BG. The league announced the news on Tuesday morning. “As we begin the 2022 season, we are keeping Brittney at the forefront of what we do through the game of basketball and in the community,” WNBA… Source link
Read More »Google and Siemens teaming up and bringing AI to the factory floor
The companies are joining forces to create industrial applications, optimize processes, improve productivity and help manufacturers innovate using AI. Image: Krongkaew/Moment/Getty Images Google Cloud and German industrial giant Siemens announced Monday a new partnership to… Source link
Read More »Walmart to return firearms to the sales floor today as social unrest remains ‘geographically isolated’
TipRanks The Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’ Markets are down, but not collapsing. Investors remain worried about the coronavirus, and Tuesday’s election remains up in the air. Uncertainty rules the day, exacerbated by recent market losses. Wall Street, however, expects that the bulls will start running again after next week’s results – who wins will be less important than having a result.In the meantime, market declines and low share prices make for a prime time… Source link
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