stockmarket
The AI driven massive surge in Nvidia Corp has pushed it market cap well above the $3.0 trillion mark. Meanwhile, these three stocks look ripe to hit their first trillion in valuation. Let’s dive deeper and see what each of these have in store for investors. Broadcom Inc (NASDAQ: AVGO)Much like Nvidia, Broadcom is a notable beneficiary of rapid growth in artificial intelligence. The chipmaker is already up some 70% this year. Still, its management continues to see strength in the coming months. Last week, AVGO guided for $51 billion in revenue for its current financial quarter – handily above ...
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Ola Electric, India’s largest two-wheeler electric vehicle maker has received the approval from India securities’ market regulator- Securities Exchange Board of India (Sebi) to go public. The Bhavish Agarwal-led company will raise Rs 5,500 crore through a fresh issue, apart from an offer-for-sale (OFS) component of 95.2 million shares, and is likely to list its shares later this year. The Bengaluru-headquartered startup is reportedly eyeing a $6 billion valuation and will be the first EV startup in the country to list itself on the bourses. According to the draft IPO papers, a part of the proc...
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The question of whether stocks are due for a pullback has been a hot topic among investors recently. This isn’t about spreading fear or panic but instead about presenting facts and data to help investors make informed decisions. To delve into this question, we’ll use both technical and fundamental data to support the argument. Technical analysis: The role of the Relative Strength Index (RSI)The Relative Strength Index, or RSI, is a momentum oscillator that measures the speed and change of price movements. It’s a tool primarily used to identify overbought or oversold conditions in a market. The...
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ValueWalk
Carmax Inc (NYSE: KMX) is being crushed by the likes of AutoNation Inc and Carvana Co, says Landon Swan – the cofounder of LikeFolio. Shares of the used vehicle retailer have lost about 20% over the past three months. Swan shares his view on Carmax stockCarmax reported $7.11 billion in revenue for its first financial quarter on Friday that missed Street estimates by some $50 million. At 97 cents a share, the New York listed firm took a material year-on-year hit to its quarterly EPS as well. Speaking with the Schwab Network, Landon Swan said today: We’re looking at lower lease volumes, which us...
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Tesla Inc. (NASDAQ: TSLA) is once again in the spotlight, with Wedbush Securities forecasting a return to a $1 trillion market cap. Analyst Dan Ives believes that Tesla’s recent progress in achieving its autonomous driving and Full Self-Driving (FSD) vision could propel the company to new heights. With Tesla’s compensation package for CEO Elon Musk finalized, attention now turns to Musk’s incentivized ownership stake, expected to drive further innovation in AI and robotics—a pivotal area for Tesla’s future growth. Wedbush maintains an Outperform rating on Tesla with a price target of $350, und...
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Ford Motor Company (NYSE:F) has recently caught the attention of analysts, particularly those at Morgan Stanley, who have made it their top pick in the U.S. automobile sector. This enthusiasm stems from Ford’s evolving electric vehicle (EV) strategy, which suggests a significant shift from their current approach. Analyst Adam Jonas highlights that Ford is becoming increasingly aware of the need for substantial changes in its EV strategies. The company is expected to dial back its vertical integration efforts and instead focus on partnerships and collaborations, notably with Chinese firms, mirr...
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M Science published a cautious report against On Holding AG (NYSE: ONON) on Friday. Shares of the sneaker company are in the red at writing. On Holding stock does not currently pay a dividend either. Why is M Science cautious on On Holding stock?On Holding is facing a slow down in the second quarter in two of its largest markets: Europe and the United States, as per M Science. Earlier in June, the Swiss firm named Zendaya a brand partner for On Running and confirmed that the Spiderman lead has agreed to a multi-year collaboration with the sportswear company. But the related boost is proving to...
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American Express Company (NYSE: AXP) is in focus this morning after announcing two new acquisitions. Shares of the credit card company have gained more than 25% since their year-to-date low in mid-January. American Express to acquire TockAMEX is buying Tock – a Chicago-based provider of reservation, table, and event management technology for about $400 million. The financial technology company is taking over Tock from Squarespace that acquired it in 2021. Matthew Tucker – the head of Tock said in a press release today: We believe that as part of American Express, Tock will deliver enhanced val...
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Zealand Pharma (CPH: ZEAL) rallied more than 20% this morning after reporting positive results from an early stage trial of its new weight loss treatment. The biotech firm is now trading at an all-time high. Why is it significant for Zealand Pharma stock?Petrelintide – a long-acting amylin analog of Zealand Pharma showed significant efficacy in a 16-week trial, as per its press release on Friday. Participants receiving high doses successfully lowered their body weight by 8.6% versus only 1.7% observed in the placebo group. Only one participant out of a total of 48 had to withdraw from the stud...
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