JPMorgan has a stark warning on Tesla stock
Tesla just missed on deliveries, missed on energy storage, and now has one of Wall Street‘s most prominent bears renewing his case for significant further declines.
JPMorgan analyst Ryan Brinkman reiterated an Underweight rating on Tesla on April 6 and maintained his $145 price target, which implies roughly 60% downside from where the stock currently trades.
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Read More9 ETFs for Solid Alternative Assets
The traditional 60/40 portfolio is under scrutiny. Today, some investing professionals are advocating for a 40/30/30 allocation, consisting of 40% stocks, 30% bonds and 30% alternatives.
The shift in thinking stems from what happened in 2022. Rising inflation and aggressive interest rate hikes created a rare environment where both stocks and bonds declined at the same time.
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Read MoreLive updates: Wall Street mixed ahead of Trump deadline, oil price slips, ASX marginally positive
Market snapshot
- ASX 200 futures: +0.1% at 8,770 points
- ASX 200 (Tuesday): +1.7% to 8,729 points
- Australian dollar: +0.8% to 69.74 US cents
- Wall Street: S&
Washington's timber industry buffeted by regulations, trade war
MORTON, Lewis County — Countless logging trucks rumbled through timber country, their drivers headed toward Hampton Lumber’s sawmill in Morton. Low-hanging clouds touched the tops of the rolling foothills, with patches of land bald from timber harvesting.
“We take our logs and get every bit out of it that we possibly can.
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Read MoreMarket Crash: The Healthcare Stocks I'd Buy Without Hesitation
With the Nasdaq Composite recently hitting correction territory, many investors fear that we will enter a full-blown bear market relatively soon. These worries are somewhat justified. While some experts warn that the odds of a recession are rising, we are still dealing with trade wars, serious geopolitical tensions, and oil prices that have risen significantly in recent weeks.
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Read MoreThe Burst
NVIDIA Investing In Tiny Robotics Firm, Should You Follow?
NVIDIA gets a lot of attention for designing some of the world’s most powerful GPUs. It’s difficult to imagine that the recent advancements in artificial intelligence would have happened without NVIDIA. After all, OpenAI trained ChatGPT with 10,000 NVIDIA GPUs connected to a Microsoft supercomputer.
But NVIDIA actually does much more than build efficient processing units.
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Read MoreThe Ivy
Why Bill Ackman Just Bet $2 Billion on Uber
In February, Pershing Square manager Bill Ackman revealed that his fund had deployed around $2 billion worth of its capital early in the year to buy a little over 30 million shares of Uber (NYSE:UBER).
Sometimes referred to as a new Warren Buffett for his value-driven investment strategies that in many ways mirror the Oracle of Omaha’s,
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Read MoreThe Spotlight
Spotlight: 8 Analysts Just Upped Guidance On This Coffee Giant
Starbucks, a name synonymous with coffee, has grown beyond a mere chain of coffee shops to become a global icon in the beverage industry.
Unlike your regular run-of-the-mill local coffee shop, Starbucks has scaled its operations globally, transcending cultural and geographical boundaries. Its global footprint, though, has created its own set of challenges involving complex logistics like supply chain management,
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