‘Big Short’ icon Michael Burry unloads on Elon Musk, calls Tesla ‘ridiculously overvalued’
Michael Burry tore into Tesla’s sky-high valuation, blasting the electric-vehicle giant as “ridiculously overvalued” in a fresh broadside that marked his most pointed attack on the company in years.
The investor of “The Big Short” fame took to his new Substack platform late Sunday to argue that Tesla’s market cap has been inflated for a long stretch and that Elon Musk’s newly approved $1 trillion pay package will further dilute the company’s stock.
Read MoreStrong Vote of Confidence: Institutional Player Ups Stake in Energy Sector Stock
'I don't want to sell a single share': SoftBank boss Masayoshi Son says he was crying over dumping Nvidia stock
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SoftBank CEO Masayoshi Son talked about SoftBank’s move to dump its Nvidia stake.
Nasdaq 100: Tech Stocks Weigh on US Stocks as Traders Eye Fib Resistance and Fed Forecast
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Read MoreUS stock futures on the move today: Dow, S&P 500 and Nasdaq trade higher as Big Tech rallies; Meta, Nvidia and Tesla active in early trade
US stock futures traded mostly higher early Friday as investors waited for a delayed reading on the Federal Reserve’s preferred inflation gauge. The data could sharply influence expectations for next Wednesday’s interest-rate decision.
S&P 500 futures (ES=F) rose 0.2%. Nasdaq 100 futures (NQ=F) gained 0.4%. Dow Jones Industrial Average futures (YM=F) were nearly flat,
Read MoreThe Burst
Will This Silicon Valley Darling Topple The Market?
Silicon Valley darling, Salesforce, saw its stock fall 16% following last night’s fiscal Q1 2025 earnings report. Growth moderated to an 11% year-over-year increase, which was the lower end of the guidance and that was enough to spook investors.
Yet the woes continued when full-year revenue guidance of $37.7 billion to $38 billion was reported because it reflected a growth projection of just 8% to 9%.
» Read more about: Will This Silicon Valley Darling Topple The Market? »
Read MoreThe Ivy
Is This Insane 14.9% Dividend Yield Safe?
Dividends have historically been an extremely important factor in investors’ overall returns in the stock market, providing liquid income and creating opportunities for growth through reinvestment.
Today, though, soaring stock prices associated with expectations of high future growth have sent dividend yields well below their historical averages. The S&P 500 today yields just 1.2%,
» Read more about: Is This Insane 14.9% Dividend Yield Safe? »
Read MoreThe Spotlight
Soros Protege Tripled His Investment In This Stock
I found something interesting sniffing around the latest Duquesne Family Office 13F filings. Former Soros protege, Stanley Druckenmiller tripled his stake in Datadog, a SaaS monitoring and analytics platform.
Why would a billionaire be buying a high growth stock in a rising interest rate environment?
The first clue lies in the DDOG share price.
» Read more about: Soros Protege Tripled His Investment In This Stock »