(Photo by Smith Collection/Gado). Getty Images Tesla (TSLA) climbed its 200-day simple moving average between May 13, 2021 and August 19, 2021. After strength to its all-time intraday high set at $1,243.49 on November 4, 2021, the stock traded as low as $792.01 on January 28. From this low, Tesla rebounded to $943.70 on February…
Topline Wall Street experts are bullish about Google parent Alphabet ahead of the company’s 20:1 stock split, arguing that the move will make shares more affordable to investors and presents a buying opportunity since the stock is expected to keep rising. Alphabet CEO Sundar Pichai. Justin Sullivan/Getty Images Key Facts A wave of Wall Street…
Topline Shares of Google-parent Alphabet surged over 7% on Tuesday after the company reported stellar fourth quarter earnings and announced a 20:1 stock split, following in the footsteps of tech giants like Tesla and Apple which saw their stocks surge following similar announcements. The stock split could boost Alphabet shares higher, much like Apple and…
Topline Widely followed stock picker Cathie Wood of Ark Invest, looking to bounce back as her funds continue to underperform, is using recent market volatility to buy the dip on big growth names like Tesla and Robinhood—both of which have seen shares struggle amid the wider selloff in January. The innovation investor remains unfazed about…
THE CHANGING FORTUNES OF THE WORLD’S RICHEST The founders of Tesla, Oracle and Airbnb lost billions of dollars this week amid surging market volatility and continued pressure on tech stocks. D espite several days of declines, stock indices finished the week slightly higher, offsetting some of this month’s widespread losses. But the market’s troubles look…
Warehouse Workers getty The supply chain logjam has been a once-in-a-century management crisis which no company could have anticipated, let alone been prepared for. And yet some were, to one degree or another. In the mega-retailer category, Walmart is in year nine of a multi-decade program to source more of its products closer to home. The…
About half of Tesla’s global production is at this Gigafactory in Shanghai, according to a Reuters … [+] estimate. Photo is from Dec. 2020. Photographer: Qilai Shen/Bloomberg © 2020 Bloomberg Finance LP Net profit in 2021 at Ganfeng Lithium, a China-based lithium supplier to Tesla, is expected to soar by as much as 437% from…
Topline The stock market fell on Friday as the sell-off in tech stocks intensified after Netflix posted lackluster earnings—with the Nasdaq Composite falling deeper into correction territory and posting its worst week since 2020. The tech-heavy Nasdaq Composite is down over 13% from its record highs last November. Richard Drew/ASSOCIATED PRESS Key Facts The Dow…
One of the most important elements of running or investing in a hedge fund or other actively traded fund is to establish a benchmark. Benchmarks enable fund managers to show how they are doing against the broader market in which they trade. Using their benchmark, fund managers can demonstrate to potential investors that they’re outperforming…
A new Taycan model, the first all-electic car of German car maker Porsche, is presented at the … [+] company’s booth on the fair grounds in Frankfurt am Main, western Germany. (Photo by Daniel ROLAND / AFP) (Photo by DANIEL ROLAND/AFP via Getty Images) AFP via Getty Images There is evidence consumers now favor electric…