Tesla remains Piper Sandler’s number one “buy-and-hold idea” despite a potentially choppy first half of the year. The investment firm upgraded shares of the electric vehicle maker and “Magnificent Seven” member to an overweight rating on Monday. Piper Sandler previously had not assigned the stock a rating. Shares of Tesla have soared 101% in the last 12 months. Analyst Alexander Potter’s new price target of $500, up from $315, implies that the stock could rise 17% from its current levels. TSLA 1Y mountain TSLA 1Y chart As a catalyst, Potter pointed to emerging artificial intelligence opportunities for Tesla. “We think…
Author: usaeverydaylife
After enduring a five-week sell-off, the markets seem to be mounting a strong recovery. With major banks delivering upbeat earnings last week, the earnings season has kicked off on a positive note, setting an encouraging tone for the weeks ahead. Pullbacks of this nature often open the door to excellent trading opportunities, provided traders have the patience to wait for the right moment. One standout opportunity is Oracle (ORCL) , which is currently displaying a compelling mean reversion setup. For this particular trade signal, I’ve consulted several technical indicators: RSI (Relative Strength Index): RSI measures trend strength and can also…
The Euro sculpture near the Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024. Commerzbank is taking the precautionary move ahead of its engagement with UniCredit SpA, according to people familiar with the matter. Photographer: Krisztian Bocsi/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesEuropean banking leaders are hoping for further deal-making activity on the continent as mergers and acquisitions in the U.S. are expected to pick up under the new Trump administration.Steven van Rijswijk, chief executive of ING, the largest bank in the Netherlands, said there are too many banks in Europe, adding to…
Think about the apps you use on your phone every day. Studies have shown Americans use an average of 46 mobile apps each month to complete a variety of everyday tasks.Now imagine if you could combine all of those programs into a single, standalone app. A one-stop shop to socialize with friends, order food, pay rent, or even consult with a doctor — colloquially known as the “super app.””We’re all sick of the dozens of apps on our phones,” said Arjun Kharpal, CNBC’s senior technology reporter. “And the appeal of the super app is that all of the functions of…
MEDLEY, Fla. — Outside a custom-built arena on the outskirts of Miami, a line of fans waited to sit on a throne composed largely of basketballs. They wrote personal answers on a sign asking, “What does Unrivaled mean to you?” Empowerment. Leadership. Community. Future. Not even some evening rain could extinguish the buzz that had been building since 2023, when fans learned about the creation of this new 3×3 women’s basketball league.As fans filed into the 850-seat Wayfair Arena on Friday night for the opening night of Unrivaled, they sported a tapestry of WNBA gear. But many wanted new apparel,…
Britain faces a new and dangerous form of extremism, Prime Minister Keir Starmer said on Tuesday, warning that loners and misfits were being radicalized by “a tidal wave of violence freely available online.”In a speech at Downing Street, Mr. Starmer said that unlike the terrorist threat posed by organized groups like Al Qaeda, where a clear ideology could be identified, some young people were becoming fixated on extreme violence for its own sake. He compared the brutal murder of three girls at a dance class last July in Southport, England, to some of the school shootings seen in America.On Monday,…
Ray Dalio, Founder & CIO Mentor Bridgewater Associates, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBCBillionaire investor Ray Dalio thinks reducing the U.S. budget deficit could stabilize the bond market and lower interest rates.The founder of Bridgewater, one of the world’s largest hedge funds, said the current projected deficit is 7.5% of U.S. gross domestic product. If that ratio goes down to 3%, the supply-demand imbalance in the bond market would be lessened significantly, Dalio said.”It’s almost a black and white situation,” Dalio said on CNBC’s “Squawk Box” from the World Economic…
JMP thinks Roku its well-positioned in streaming — an industry that is benefitting from increasing viewership and advertising. Analyst Matthew Condon initiated coverage of the streaming television company with a market outperform rating and $95 price target. That suggests 25.2% upside for the stock Condon said Roku could be a major beneficiary from the rapidly growing advertising spend in the connected TV, or CTV, segment — which is expected to grow at a 15% compound annual growth rate between 2024 and 2027. About $166 billion of linear TV ad spend is shifting to CTV, a trend driven by streaming platforms…
Customers shop for food at a grocery store on Jan. 15, 2025 in Chicago, Illinois. Scott Olson | Getty ImagesMany of the items that U.S. shoppers browse and buy in retailers’ aisles come from far-away factories or farms — a reality that could soon force many consumers to change their buying habits.Sneakers, T-shirts, beer and other common household items are often made in countries like China, Mexico and Canada before they wind their way to a big-box retailer, grocer or mall in the U.S. That complex global supply chain was front and center Monday as President-elect Donald Trump was inaugurated. He…
Binance CEO Richard Teng speaks in Singapore on Sept. 17, 2024, at an event hosted by the local foreign correspondents association.Bloomberg | Bloomberg | Getty ImagesBitcoin will hit a new all-time high in 2025 on the back of positive regulatory movements in the U.S. under newly inaugurated President Donald Trump, the CEO of Binance told CNBC Tuesday.Richard Teng, who took the reins from former Binance boss Changpeng Zhao last year, told CNBC’s Arjun Kharpal that he sees “much clearer regulation” happening in the U.S. this year under the new Trump administration, adding this will be supportive for crypto markets.”If you…
