Tag Archives: Stock

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

Costco (COST) stock could be nearing a key inflection point after a challenging holiday season, provided execs finally reveal a long-rumored profit-boosting member fee increase. “We believe we may reach a compelling tactical inflection point at some time in the next 2-3 months ahead of a potential membership fee increase in the spring,” John Heinbockel, analyst at Guggenheim, wrote in a new client note on Tuesday. Costco’s last membership fee increase took place on June 1, 2017. The warehouse… Source link

Bed Bath & Bust. Bed Bath & Beyond stock fell more than 10% in Tuesday trading, a sharp reversal from a 3% move higher in pre-market activity, to a level not seen since the close of trading on July 2, 1993. The company’s ticker page was among the top five most visited on the Yahoo Finance platform. The sell-off likely reflects rising investor angst surrounding two key dates for Bed Bath & Beyond, both of which could offer clues on whether the struggling retailer survives the year. Bed Bath &… Source link

Tesla stock is picking right up where it left off in 2022: Lacking juice. Shares of the EV maker fell more than 12% on Tuesday, the biggest one-day drop in more than two years. The stock at one point hit its lowest level since August 2020, with investors reacting to a lackluster fourth-quarter delivery figure released on New Year’s Day. Tesla was the top-trending ticker on the Yahoo Finance platform. Tesla saw fourth-quarter deliveries rise 18% sequentially to 405,000, missing consensus… Source link

Tesla stock is picking right up where it left off in 2022: Lacking juice. Shares of the EV maker fell more than 12% on Tuesday, the biggest one-day drop in more than two years. The stock at one point hit its lowest level since August 2020, with investors reacting to a lackluster fourth-quarter delivery figure released on New Year’s Day. Tesla was the top-trending ticker on the Yahoo Finance platform. Tesla saw fourth-quarter deliveries rise 18% sequentially to 405,000, missing consensus… Source link

Shares of Southwest (LUV) sank as much as 6% on Tuesday after the airline canceled thousands of flights, leaving passengers stranded at airports and drawing scrutiny from federal officials. Southwest had canceled more than 2,590 flights on Tuesday as of 2:30 p.m. ET, or about 63% of its scheduled flights, according to tracker FlightAware. The disruption exacerbates a meltdown that began over the holiday weekend and saw 2,900 flights canceled on Monday. The U.S. Transportation Department (USDOT)… Source link

U.S. stock futures pointed to gains at Tuesday’s open as Wall Street returned from the long holiday weekend to barrel through the final four trading days of 2022. Futures tied to the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) each advanced 0.7%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) were up 0.5%. A move by China to scrap quarantine requirements for inbound travelers beginning Jan. 8 gave sentiment a boost, with the country broadening its reopening after… Source link

More pain for investors lurks in 2023, warns the strategy team at BlackRock. In a new report, BlackRock contends that stock valuations don’t yet “reflect the damage ahead.” The money manager says it will “turn positive on equities” when it believes valuations fully reflect the “damage” on the horizon. One of the lead authors of the report — strategist Wei Li — told Yahoo Finance Live (video above) investors need to be on high alert for several factors that could bring the S&P 500 back… Source link

More pain for investors lurks in 2023, warns the strategy team at BlackRock. In a new report, BlackRock contends that stock valuations don’t yet “reflect the damage ahead.” The money manager says it will “turn positive on equities” when it believes valuations fully reflect the “damage” on the horizon. One of the lead authors of the report — strategist Wei Li — told Yahoo Finance Live (video above) investors need to be on high alert for several factors that could bring the S&P 500 back… Source link

Netflix (NFLX) shares have been on a tear over the last six months of the year. But investors will have plenty to worry for the company in 2023, according to one Wall Street analyst. Needham’s Laura Martin argued in a new client note on Thursday the stock will battle several headwinds in the new year including slowing subscriber growth and increased pressure on its key financial metric, average revenue per user, or ARPU. Shares of Netflix, down about 50% since the start of the year, have… Source link