stockmarket
Porsche AG (P911) share price is in deep trouble and the situation could worsen in the coming weeks as its electric vehicle (EV) business slows. The stock crashed to a low of €76 on Monday, its lowest swing since January 26th. It has plunged by over 36% from its highest point on record. Porsche’s China woesPorsche’s stock has imploded as the company has reported weak financial results. Its total sales crashed frm €10.09 billion in Q1’23 to over €9.0 billion in Q1’24. Its battery electric vehicles segment’s revenue tumbled from over €11.4 billion to over €5.7 billion in Q1’24. Porsche’s profits...
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Artificial intelligence could be a huge benefit for the health care space, says Fred Hassan. He’s chairman of the Caret Group. What parts of health care could benefit from AI?Hassan expects AI to help boost productivity across the board in the health sector – be it drug discovery, clinical trials, or patient management. Infectious diseases and oncology in particular will benefit from artificial intelligence in the near term, he told CNBC in a recent interview. Chairman Hassan forecasts AI to be a positive for GLP-1s (weight-loss drugs) as well. Last week, Sanofi partnered with OpenAI to deploy...
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Ford Motor Co (NYSE: F) is up roughly 20% versus its year-to-date low but a Bernstein analyst is convinced it has significant room still to the upside. Ford stock could climb to $16Daniel Roeska assumed coverage of the legacy automaker last week with a “buy” rating and said it shares could climb to $16 which translates to about a 33% upside from here. The EV segment of $F known as the “Model e” lost $4.7 billion in 2023. Still, the Bernstein analyst told clients in a recent research note: While electric execution looms large, we see a clear path to significant operating leverage and ultimately...
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Boeing Co (NYSE: BA) is in focus this morning after announcing a new contract with the U.S. Air Force. Details of new Boeing-Air Force dealThe aerospace and defence giant has signed a $7.48 billion agreement related to JDAM (Joint Direct Attack Munition) with the Air Force Life Cycle Management Center, Hill Air Force Base, UT. $BA expects the contract that will see it deliver JDAM tail kits, repairs, spares, technical and Laser Joint Direct Attack Munition sensor kits to be completed by early 2030. The news arrives about a month after Boeing Co reported its financial results for the first quar...
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On Friday, FTSE Russell announced latest news of the FTSE Russell indexes, including the Russell 1000 Index, Russell 2000 Index, and Russell Microcap Index. The news was revealing – not least because of significant changes to the top three companies by market cap in the Russell 1000 index. Apple loses number one spot to MicrosoftFor the first time since 2020, Microsoft retook its crown as the largest company position in both the Russell 3000 and Russell 1000 Indexes, dethroning Apple from the top spot. While Microsoft Corporation increased its market capitalization by almost 27% in the past ye...
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Dating apps are in trouble. Bumble (NASDAQ: BMBL) stock price has collapsed by over 22% in 2024 and by over 86% from its all-time high. Similarly, Match Group (NASDAQ: MTCH) share price is down by almost 20% this year and by over 80% from its all-time high. The two companies have shed over $18 billion and $40 billion in market cap. Match Group stock vs Bumble User growth is slowingBumble and Match Group, the biggest players in the online dating industry, are facing unprecedented challenges as their growth slows. The most recent results showed that Bumble’s revenue rose by just 10% in the first...
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Warner Bros. Discovery (NASDAQ: WBD) stock price remained under intense pressure this month as concerns about the company’s future continued. It closed at $7.73 on Friday, down from its all-time high of $78.11. Its valuation has tumbled to less than $20 billion. Undervalued but riskyIn my last article on Warner Bros. Discovery, I wrote that it was one of the most undervalued media companies in the US. I used a sum-of-parts approach to estimate that the firm was severely cheap. In my estimation, its studios and Max business have a bigger valuation than the whole company. Warner Bros. Discovery ...
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Trump Media & Technology (NASDAQ: DJT) stock price has been in the spotlight in the past few weeks as investors watched its financial results, the recent Trump trial, and presidential polls. It was trading at $45.8 on Friday, up by over 101% from its lowest point in April. Prepare for dilutionsDonald Trump’s social media company is not doing well as the number of users in its ecosystem slows and losses mount. The most recent results showed that its adjusted EBITDA came in at minus $12.1 million as its net income stood at minus $327 million in the first quarter. Most of these losses were relate...
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Innovative Eyewear Inc (NASDAQ: LUCY) is up nearly 500% at writing even though there hasn’t been any particular news to catalyse that kind of a rally in shares of the smart glasses company. Innovative Eyewear stock trading volume is up massively$LUCY did not post a press release or file with the Securities and Exchange Commission of the United States on Friday. None of the Wall Street analysts issued a bullish note in its favour either. Still, more than 85 million shares of the Florida based company have exchanged hands today as of writing. The daily trading volume is up sharply from close to ...
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Famed investor Jim Cramer is all praise for Deckers Outdoor Corp (NYSE: DECK) that surpassed $1,000 per share for the first time after posting its quarterly earnings report on Friday. Cramer says HOKA is an incredible brandCramer agrees that HOKA is not comparable to Nike in terms of sales but said the footwear giant should still be “scared” of it. That’s because HOKA has incredible momentum and “the shoe business has historically been a momentum business”. The Mad Money host expressed confidence in the leadership of David Powers on CNBC’s “Squawk on the Street” today and said “no one can touc...
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