Tag: markets
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Tesla will join the S&P 500 in December after being snubbed earlier this year
Shares of Tesla spiked by more than 13% on the news. Reuters Tesla will join the S&P 500 on December 21, S&P Dow Jones Indices announced Monday With a market cap of nearly $400 billion, Tesla is set to join as one of the 10 most valuable companies in the index. S&P Global did not…
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Dow gains 251 points as tech giants rally and stimulus hopes persist
Andrew Burton/Getty Images US stocks rose on Monday as Democrats and Republicans inched closer to a stimulus compromise.Mega-cap companies including Apple and Amazon led indexes higher as investors rushed to the growth favorites.President Trump urged Republicans to speed up Amy Coney Barrett’s confirmation to the Supreme Court so that they can pass a new stimulus…
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Billionaire investor Leon Cooperman praised tech stocks, criticized Trump, and disclosed his first gold bet in a new interview. Here are the best 12 quotes.
Jeff Zelevansky/Reuters Leon Cooperman sounded the alarm on the ballooning national deficit and downplayed the medium-term prospects for US stocks in a RealVision interview released this week.The billionaire manager of Omega Advisors also commended”big tech” stocks, also called out Tesla CEO Elon Musk, criticized both Republicans and Democrats, also disclosed that he recently bought gold for…
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A 2nd woman has reportedly accused Nikola Motors founder Trevor Milton of sexual assault
Trevor Milton resigned from Nikola amid fraud allegations. REUTERS/Massimo Pinca A second woman has enticed Nikola Motors’ founder and ex-chairman, Trevor Milton, of sexual assault, CNBC reported Monday. The woman accused Milton, in a formal complaint to the police in Utah on Friday, of digitally penetrating her when she was 15 and he was 22,…
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‘We need to appeal to the Gen Z-ers’: A Fidelity fund manager overseeing $230 billion explains how his firm is responding to the Robinhood revolution — and laments selling out of Tesla
Drew Angerer/Getty Images May Danoff, director of the $230 billion Fidelity Contrafund, told Bloomberg that there is a”demographic issue” for mutual funds: Gen Z isn’t so interested in possessing them. “We need to appeal to the Gen Z-ers and the younger generation as well,” Danoff said.Danoff also lamented promoting a huge portion of the fund’s…
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Tesla will leap 12% from current levels as pent-up demand drives Chinese market domination, Wedbush says
Reuters Wedbush analyst Dan Ives increased his price target for Tesla shares to $475 from $380 on Thursday, citing stronger-than-expected deliveries in China.The new goal implies a 12% profit from the automaker’s Thursday closing price of $423.43. China is a”key market” to get Tesla that could constitute 40 percent of global sales as soon as…
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10 things you need to know before the opening bell
NEW YORK – MARCH 17: Traders work the floor of the New York Stock Exchange on March 17, 2008 in New York City. Stocks have been volatile on Wall Street following news of JP Morgan Chase acquisition of Bear, Stearns & Co, for $2 a share, with help of $30 billion in financing of Bear,…
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Apple and Tesla have been trading off ‘a weird game theory’, says money manager Jeff Mills, who thinks tech stocks have further to fall
REUTERS/Mason Trinca Money manager Jeff Mills thinks tech stocks like Apple and Tesla can drop further.He told CNBC’s “Trading Nation” Tesla is trading “80% above its 200 day moving average despite a 21% daily drop last week. Both Apple and Tesla had their stocks split on 31 August. He said both stocks have been trading at a…
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A Wall Street chief strategist explains how the shockingly quick onset of pandemic fear may have set up both the economy and stock market for a surprisingly strong 2021
Spencer Platt/Getty Images The sharp reaction to the coronavirus pandemic through widespread saving and economic policy could boost the US recovery in 2021, James Paulsen, chief investment strategist at The Leuthold Group, said in a Friday note.The government’s degree of policy support dwarfs that seen during recessions in the 1980s and 2008. Companies took similarly drastic…
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Global equities find some footing after another slide in US tech stocks, led by a record fall in Tesla
Traders work on the floor of the New York Stock Exchange shortly after the start of trading August 6, 2014. REUTERS/Lucas Jackson European and US equity futures rose on Wednesday as investors went bargain-hunting following a massive sell-off in Big Tech.Asian indices declined after the previous day’s total wash-out saw tech favorites such as Apple,…