Tesla stock has risen too fast this year based on numerous uncertainties around the EV maker’s business, JP Morgan analyst Ryan Brinkman argues. “Tesla’s softer trend and below-consensus adjusted automotive gross margin comes before the impact of large price reductions that will primarily be felt beginning in the first quarter,” Brinkman said in a new client note. “As such, we view margin trajectory negatively and expect that consensus margin expectations are likely to decline.” Brinkman… Source link
Read More »July and August are going to be sizzling months, says analyst
Gas prices hit record highs on Friday, as consumers are grappling with soaring inflation. With oil prices still well above $100 per barrel, drivers are unlikely to see much relief at the pump for now. “May is usually when the futures market in gasoline tends to peak. But this May has brought particular mayhem, if you will.” Tom Kloza, OPIS head of energy analysis, told Yahoo Finance. The continuation of the Russian invasion of Ukraine is expected to keep oil prices high, he said. “I think… Source link
Read More »Facing antitrust bull’s-eye, Google stock still at record highs because ad sales are sizzling
Alphabet Inc. is the most vulnerable Big Tech company on the regulatory front, but don’t expect that to matter when the search giant reports second-quarter financial results Tuesday. The leading digital advertising company and Google GOOGL, +3.58% GOOG, +3.37% parent company faces at least five government antitrust lawsuits, primarily for its dominance in the search market. And that dominance, to no one’s surprise,… Source link
Read More »