Elon Musk, chief executive officer of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris, June 16, 2023.Gonzalo Fuentes | ReutersTesla will report second-quarter results after the close of regular trading on Wednesday.Here’s what Wall Street expects, according to an average of estimates compiled by LSEG:Earnings per share: 43 centsRevenue: $22.74 billionRevenue in the period is expected to drop 11% from a year earlier, marking a second straight quarterly decline. In early July, Tesla reported a 14% year-over-year slide in vehicle deliveries to 384,000 for the second quarter.Deliveries are the closest approximation…
Author: usaeverydaylife
Galaxy Digital is poised to benefit from clearer cryptocurrency regulations and demand for artificial intelligence data centers, according to Jefferies. The investment bank initiated coverage of the crypto-linked stock on Tuesday with a buy rating and $35 price target, implying about 20% upside over the next 12 months from Tuesday’s close. Galaxy is a provider of crypto financial services — including trading, asset management, staking, lending and self-custody products — that ventured into bitcoin mining in 2020. That business, similar to other bitcoin miners in recent years, has since pivoted its mining sites into AI data center developments. Specifically, the…
Retail traders are on a buying spree that can keep equities marching to record highs. Scott Rubner of Citadel Securities pointed out in a note Wednesday that mom-and-pop traders have been net buyers of stocks for 19 straight trading sessions. That marks the longest buying streak since March 2021 and fifth longest on record. The hedge fund’s data also shows retail investors have been bullish in options for 12 weeks in a row, with the put-call ratio skewing in favor of call options. These contracts give the buyer the right to buy an underlying stock at a certain price. Put…
The Texas Instruments headquarters in Dallas, Texas, US, on Sunday, Jan. 21, 2024. N. Johnson | Bloomberg | Getty ImagesTexas Instruments shares plunged 12% after the automotive and industrial semiconductor supplier warned of ongoing tariff aftershocks.The company said it expects third-quarter earnings between $1.36 and $1.60 per share, a midpoint of $1.48 per share. That fell short of an LSEG estimate of $1.50. Texas Instruments anticipates revenues between $4.45 billion and $4.48 billion. The midpoint of $4.63 billion was slightly ahead of the $4.59 billion expected by analysts.In an earnings call with analysts, CEO Haviv Ilan said the company is…
A Magic: The Gathering card is displayed on a mobile phone during a weekly tournament at the Uncommons hobby shop in New York, U.S., on Thursday, June 27, 2019. Mark Abramson | Bloomberg | Getty ImagesToy and gaming giant Hasbro topped Wall Street expectations for the second quarter as strength in its digital gaming division helped offset continued weaknesses in its traditional toy business, weighed down by the impact of tariffs.”While tariffs represent a headwind for the business,” Hasbro’s CEO Chris Cocks said on the company’s earnings call. “We are compensating for these costs through a combination of cost reductions,…
My bullish thesis on Alphabet from last month has delivered a 122% return in just one month. Given the positive momentum, strong fundamentals and leadership in AI and cloud services, we are reiterating our bullish stance with an updated options trade. Trade timing The timing setup remains favorable, with GOOGL recently breaking out above a major resistance level at $180. Coupled with outperformance of the S & P 500 suggests potential further upside to our $202 target, which would fill the gap from February this year. Fundamentals GOOGL continues to offer substantial upside, supported by compelling valuation and superior profitability:…
Capital One stock hit a new record high on Wednesday, and Jim Cramer believes it’s not done running yet. Shares of the credit card issuer rose as much as 6.9% Wednesday morning despite a noisy quarterly earnings report Tuesday evening. While shares came off their highs of the session, Capital One’s earnings report nevertheless validated Cramer’s long-held belief that the financial stock can climb even higher now that its blockbuster $35 billion acquisition of Discover is complete. Capital One is going for “global domination” in the credit card industry, Cramer said on “Squawk on the Street” on Wednesday. Now that…
President Donald Trump discussing a U.S.-Japan trade agreement with a Japanese delegation and top White House aides in the Oval Office, Tuesday, July 22, 2025.Source: @Scavino47 via X | The White HousePresident Donald Trump’s art of the deal seemed to play out in real time on Tuesday.Trump announced what he called a “massive” trade agreement with Japan over his Truth Social platform Tuesday night, which the president said includes a 15% tariff rate and $550 billion in investments. But the details of that deal on a card on Trump’s desk shows discrepancies and last-minute edits, according to a photo posted…
Meme stock mania is back somewhat, and retail traders are targeting a new group of shares. Speculation resurfaced and exploded on Wall Street this week as day traders on Reddit’s WallStreetBets forum touted “you-only-live-once” risky trades and piled into beaten-down stocks. It’s no longer GameStop or AMC that retail traders are flocking to these days. They rotated from OpenDoo r to Kohl’s on Tuesday, and to wearable camera firm GoPro and doughnut maker Krispy Kreme on Wednesday. Wall Street strategists say meme stocks’ resurgence is a sign of euphoria as the broader market rallied back to record highs on the…
Nvidia investors should expect a slow, methodical China recovery and not a near-term sales spike. Earlier this month, the company announced plans to resume sales of H20 chips to China . The less-advanced semiconductors, built on its Hopper architecture, are designed for artificial intelligence computing, but remain compliant with U.S. export restrictions to China. However, a report in The Information suggested Nvidia is facing production delays in restarting H20 shipments to China. The report flags logistical setbacks, but Nvidia has already outlined a similiar timeline , indicating that revenue from these chips will likely be negligible until at least the…
