Morgan Stanley’s Adam Jonas is the latest analyst to raise some concerns with Tesla (TSLA). In a note to clients, Jonas wondered, “Could Tesla lose money (sometime) this year?” In cutting his price target to $320 from $345 (still one of the more bullish targets on the Street), Jonas noted concerns such as continued lag in EV demand despite price cuts, fleet operators like Hertz dumping EVs, and “strong hybrid momentum” peeling away potential EV buyers who are on the fence. Jonas said… Source link
Read More »Google removes sponsored ads from Stanley Steemer Florida imposters
Two days after a WPBF 25 Investigation into a company allegedly posing as a Stanley Steemer franchise, Google said it has suspended the imposter company’s sponsored ads.Tom Scalera, President of Stanley Steemer of South Florida, told WPBF 25 last week that another company was fooling customers by placing sponsored ads on Google right under his ads, and then when people called the wrong number by accident, the other company said they were Stanley Steemer.So Scalera complained to Google… Source link
Read More »Netflix, Microsoft, Google, Goldman Sachs, Morgan Stanley, Tesla
January 20, 2023, 2:35 PM Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Yahoo Finance Live anchors… Source link
Read More »KISS’s Paul Stanley on painting, facepainting and why he switched to ‘Bandit’ makeup for one month in 1974
When KISS guitarist/frontman Paul Stanley began painting in 2001, he never expected anyone to even see, let alone purchase, his finished artwork. He took up the hobby upon the recommendation of a concerned friend, as a form of therapy, when he was “going through some tough personal times” due to his divorce from his first wife, actress Pamela Bowen. “Painting was a good outlet,” Stanley tells Yahoo Entertainment, speaking via Zoom from his art studio. “It didn’t solve everything… Source link
Read More »How big a threat is ChatGPT to Google? Morgan Stanley breaks it down
Innovation is almost always welcomed in the ever-changing tech world. But the latest artificial intelligence trend taking the industry by storm could spell trouble for Google-parent Alphabet ‘s profitability near term, according to Morgan Stanley. This emerging threat, known as ChatGPT, went viral when it debuted in November, amassing a million users within days of its launch. Developed by San Francisco-based OpenAI and backed by Microsoft and LinkedIn co-founder Reid Hoffman, the chatbot… Source link
Read More »Could ChatGPT challenge Google? Morgan Stanley says the search giant has nothing to worry about. – msnNOW
© NurPhoto/Getty Images ChatGPT, a AI chat bot, has gone viral in the past two weeks. NurPhoto/Getty Images When ChatGPT went viral, people began using it as an alternative to Google Searches. Investors started seeing a world where generative AI would disrupt Google by taking some search traffic away. But Google has a first mover advantage and also heavily invests in AI — challenging it will be difficult. ChatGPT, the viral internet AI chatbot, has brought the world of… Source link
Read More »Former Morgan Stanley CEO on Swiss banks: Secrecy is ‘their nature’
In 2014, Credit Suisse pleaded guilty to helping thousands of Americans evade taxes and paid a $2.6 billion fine. It also promised to reveal any hidden bank accounts. Credit Suisse has recently come under scrutiny by the U.S. Department of Justice for potentially not complying with that plea agreement, the Wall Street Journal reported last week, citing unnamed sources familiar with the matter. Former Morgan Stanley CEO John Mack, who last month published “Up Close and All In: Life Lessons… Source link
Read More »Watch out for this sneaky earnings killer, Morgan Stanley warns
An economic slowdown that triggered a tsunami of unsold inventory at various companies may have proved lethal for corporate America’s third-quarter earnings and, soon, forward guidance. At least, that’s what the strategy team at Morgan Stanley warned in a new note out on Monday. “Our U.S. Equity Strategy team sees inventory as a key risk to earnings — oversupply and lagging demand are likely to weigh on margins,” the note stated. “The problem with inventory is twofold — supply chain… Source link
Read More »Legendary investor Stanley Druckenmiller warns there is a “high probability” the stock market will be “flat” for an entire decade
After a hotter-than-expected inflation reading spooked investors on Tuesday, the Dow Jones industrial average sank over 1,200 points in the stock market’s worst showing since June 2020. That same day, Stanley Druckenmiller, one of Wall Street’s most respected minds, argued that the pain won’t be temporary—and that stocks face an entire decade of sideways trading as the global economy goes through a tectonic shift. “There’s a high probability in my mind that the market, at best, is… Source link
Read More »Morgan Stanley expects the S&P 500 to plunge another 17%-27% within the next four months — use these 3 top recession-resistant stocks for protection
Morgan Stanley expects the S&P 500 to plunge another 17%-27% within the next four months — use these 3 top recession-resistant stocks for protection If you think the stock market selloff has come to an end, Morgan Stanley has some bad news. The S&P 500 is already down 14% year to date, but the Wall Street juggernaut believes the market has yet to hit a bottom. “Our ’22/’23/’24 base case estimates are now 3%/13%/14% below consensus, respectively,” a team of Morgan Stanley analysts led by… Source link
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