Tag Archives: Tesla

(Bloomberg) — Tesla Inc.’s historic entry into the S&P 500 could be bad news for shareholders of some other stocks in the index — at least temporarily. Funds that mimic the benchmark are set to buy more than $70 billion of the carmaker’s shares and dump an equal amount of stock in existing members, producing intense selling pressure that could lead to dislocations, warned Greg Sutton, head of portfolio trading at Citadel Securities, one of the most active traders of U.S. stocks. The… Source link

(For a live blog on the U.S. stock market, click or type LIVE/ in a news window) * Quadruple witching could push up volumes, volatility * All three major indexes set for weekly gains * Retail stocks gain on prospect of strong holiday demand * Tesla rises in high-volume trade * Indexes down: Dow 0.26%, S&P 0.29%, Nasdaq 0.07% (Updates to market open) By Ambar Warrick and Shreyashi Sanyal Dec 18 (Reuters) – Wall Street retreated from record highs on Friday as a coronavirus stimulus deal remained in… Source link

TipRanks 3 “Strong Buy” Stocks That Are Still Undervalued After a year that most of us want to forget, 2021 is shaping up to start with stability and an even keel. The election is safely behind us, the new Biden Administration promises a ‘no drama’ approach, a closely divided and hyper-partisan Congress is unlikely to enact any sweeping legislation, reform or otherwise, and COVID vaccines are ready for distribution. It’s a recipe for a calm news cycle.Which makes it a perfect time to… Source link

Tesla (TSLA) has been one of the hottest stocks of 2020, with share prices skyrocketing 582% just this year. But at least one analyst says the electric vehicle company’s price is too high, contending it should be worth between $60 to $80 rather than more than $600 a share. Gordon Johnson, founder and CEO of GLJ Research, told Yahoo Finance Live on Monday that Tesla’s lofty valuation will soon come crashing down, with a number of factors weighing on the company’s stock price. Those… Source link

December 9th, 2020 by Johnna Crider  Yahoo! Finance chose Zoom as its “Company of the Year,” and that’s perfectly fine. However, Yahoo! Finance decided to focus a whole article on why Tesla didn’t make the cut, and the article’s got some issues. Aside from not being fair to Tesla, it really wasn’t fair to Zoom. To be frank, it’s weird. I really don’t see the point, but let’s dive in. First, congrats to Zoom — it really did help… Source link

TipRanks 3 “Strong Buy” Stocks That Could Reach New Highs The markets have been on a tear of late despite the headwinds presented by the novel coronavirus pandemic. The question is how long this will last?Writing from Goldman Sachs, the firm’s chief US equity strategist David Kostin says that the markets will outperform both other investments and analyst expectations over the next two years. He sees the S&P 500 hitting 4,600 by the end of 2022, which would represent a 25% gain.Backing… Source link

On paper—and on pavement—Tesla seems like a strong contender to be the Yahoo Finance Company of the Year. The stock has soared by an unreal 573% this year. After 12 years of losses, the electric carmaker has now turned a profit five months in a row, earning inclusion in the S&P 500 index. Tesla (TSLA) has resolved manufacturing snags, too, and three years after it went on sale, the Model 3 sedan is the world’s best-selling electric vehicle by a comfortable margin. Yet we chose… Source link

Wall Street opened higher on Friday, with stocks aiming to re-test the week’s records in thin, post-Thanksgiving trading, as hopes for a COVID-19 vaccine momentarily counterbalance soaring infection rates. The New York Stock Exchange will end the trading day at 1p.m. Eastern. Stocks are consolidated their gains after the Dow Jones Industrial Average was catapulted above 30,000 for the first time ever on Tuesday, with an increasing number of investors encouraged by expectations that a… Source link

(Bloomberg) — It may take a bit of innovation to get Tesla Inc. shares into the world’s most-influential stock index. At almost $390 billion in value and growing, Elon Musk’s company would be the biggest ever added to the benchmark. Pushing it all in at once would force index-tracking funds into serious contortions — they’d need to sell upwards of $40 billion of stock in other constituents to make room. As a result, the index’s overseer, S&P Dow Jones Indices, is considering doing… Source link

Tesla Powerwall tech is getting upgraded with better security but users are still exposing their … [+] power supplies unnecessarily, researchers warn. (Andrew Francis Wallace/Toronto Star via Getty Images) Toronto Star via Getty Images Tesla’s plans to revolutionize the world’s power supply are bold, as are the early adopters. But users of the Tesla Powerwall home energy devices should take care when configuring them to be monitored over the mobile… Source link