NorthAmerica
Weakness in Target Corp (NYSE: TGT) since late March is an opportunity to buy a quality name at a discount, as per analysts at Citi. Target stock has upside to $180The investment firm raised its rating on the retail behemoth this morning to “buy”. Its shares, the analysts are convinced, could climb to $180 or 13% from here. Citi turned bullish on Target stock today as its experts now see it on a stable path after a year or two of turbulence. We believe $TGT has emerged as one of the winners within the retail landscape with an opportunity to improve EBIT margin in years to come (particularly in...
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The sell-off in Bitcoin following the halving event was not unexpected, says Anthony Pompliano. He’s the founder of Pomp Investments. What Pompliano said in a CNBC interviewBTC now has its 200-day MA at a record high despite recent volatility which suggests the world’s largest cryptocurrency “continues to trend upwards over the long run”, he added in an interview with CNBC today. Pompliano noted that GBTC – the world’s largest Bitcoin fund recently saw $63 million in inflows after 78 straight days of outflows which also paints a rather rosy picture of what to expect from Bitcoin moving forward...
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Peloton Interactive Inc (NASDAQ: PTON) is up 20% on Tuesday following a report that private equity firms have shown interest in acquiring the connected fitness company. $PTON has formally engaged with one private equity firmAnonymous sources told CNBC this morning that the exercise equipment manufacturer has held formal discussions with at least one firm. A bunch of others are interested in taking over $PTON as well but it’s unclear if they have formally engaged with the Nasdaq-listed firm yet, they added. A representative of Peloton Interactive refrained from commenting on the report today ci...
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Nvidia Corp (NASDAQ: NVDA) is in the red at writing after Stanley Druckenmiller announced to have trimmed his stake in the chipmaker. Why did Druckenmiller cut his position in Nvidia stock?The billionaire investor lowered his exposure to the semiconductor behemoth as the stock has “had a hell of a run”. He was first introduced to $NVDA in the back half of 2022 – and “increased the position substantially” when OpenAI rolled out ChatGPT. The news arrives only days before Nvidia is scheduled to report its financial results for the first quarter. Consensus is for it to earn $5.14 a share – up many...
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Shares of Nikola Corp (NASDAQ: NKLA) are roughly flat in premarket on Tuesday after the EV firm came in shy of revenue estimates for its fiscal first quarter. How many vehicles did Nikola deliver in Q1?The electric vehicles company delivered 40 of its hydrogen fuel cell electric trucks in Q1 – up a more than expected 14% sequentially. Production stood at 43 units in the recently concluded quarter. Steve Girsky – its chief executive said in a press release today. We continue to move forward rapidly and execute our plans. And please keep that in mind – we are in the execution phase, not the plan...
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Lucid Group Inc (NASDAQ: LCID) is down 7.0% after the bell on Monday even though it came in ahead of sales estimates for its fiscal Q1. Why is Lucid stock down in after-hours?The stock is taking a hit primarily because $LCID lost more money on a per share basis than expected. On the plus side, though, Lucid remains confident that it will produce 9,000 vehicles this year which translates to about a 7.0% increase versus 2023. Peter Rawlinson – chief executive of the electric vehicles company said in a press release today: Our sales momentum is building, our focus upon cost remains relentless, an...
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Palantir Technologies Inc (NYSE: PLTR) is trading up in extended hours on Monday after reporting better-than-expected financial results for its first quarter. Palantir issues upbeat future guidanceInvestors are cheering also because the management issued upbeat guidance for the future. $PLTR now forecasts its revenue to fall between $649 million and $653 million in its current fiscal quarter. Analysts, in comparison, were at $643 million. Alex Karp – the chief executive of Palantir said in a press release%2D%2D,quarter%20ended%20March%2031%2C%202024.) today: The New York listed firm expects it...
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Investments going into quantum computing have been on a rise recently especially since artificial intelligence remains the front and centre of all financial debates. In fact, the United States alone has parked over $3.0 billion in quantum computing so far. Having said that, here are the top three quantum computing stocks for quick profits. IONQ Inc (NYSE: IONQ)IONQ is on our list of best quantum computing stocks to buy this year as it close to doubling its revenue on a year-over-year basis in 2023. The New York listed firm ended last year with bookings up a whopping 166% as well. More importan...
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GameStop Corp (NASDAQ: GME) has gained more than 50% in recent weeks but the gain is far from sustainable, as per a Wedbush Securities analyst. GameStop stock could crash to $5.0Michael Pachter continues to rate the video game merchandise retail company at “underperform”. His $5.0 price objective suggests about a 60% downside from here. He remains super dovish on GameStop stock as it needs more than cost cuts to boost profitability. Pachter even forecasts the firm’s demise by 2029 if its revenue continues to sink at the current pace of up to $200 million. In late March, $GME reported its finan...
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Tesla Inc (NASDAQ: TSLA) is in focus today after Elon Musk – its chief executive said Warren Buffett should take a stake in his electric vehicles behemoth. Here’s what Musk wrote on ‘X’ todayThe legendary investor and chairman of Berkshire Hathaway Inc “should take a position in Tesla. It’s an obvious move”. That’s what Musk wrote in a post on “X” on Monday. His comment arrives only days after the multinational conglomerate said it trimmed its stake in Apple Inc by some 13% for tax reasons in the first quarter. Berkshire Hathaway also published its Q1 earnings report over the weekend that you ...
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