Stock Market Today, May 14: U.S. Indexes Move Higher as Cisco Pops and AI-Chipmaker Cerebras Debuts
Tesla Stock Wobbles as China Self-Driving Talks Heat Up Again
This article first appeared on GuruFocus.
Tesla traded unevenly on Thursday as investors kept focus on China and the company’s push into self-driving software.
The chatter centers on whether Tesla CEO Elon Musk’s visit with President Donald Trump could help advance approval for Tesla’s Full Self-Driving system in China,
» Read more about: Tesla Stock Wobbles as China Self-Driving Talks Heat Up Again »
Read MoreStocks Push Higher on Strength in Tech and a Solid US Retail Sales Report
The S&P 500 Index ($SPX) (SPY) today is up +0.44%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.49%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.60%. June E-mini S&P futures (ESM26) are up +0.40%, and June E-mini Nasdaq futures (NQM26) are up +0.58%.
Stock indexes are pushing higher today,
» Read more about: Stocks Push Higher on Strength in Tech and a Solid US Retail Sales Report »
Read MoreDow Jones reclaims 50,000 for the first time in three months propelled by Cisco, Nvidia
Benchmark indices on Wall Street had yet another positive session with the S&P 500 and Nasdaq notching new records and the Dow Jones reclaiming an important milestone.
The Dow Jones surged 370 points on Thursday to close above the mark of 50,000 for the first time after February 12. The S&P 500 closed above the mark of 7,500 for the first time,
Read MoreThe SpaceX IPO Could Be Weeks Away. Here Are the 2 Tech Stocks That Will Benefit Most.
SpaceX is planning to go public this summer, and the initial public offering (IPO) will almost certainly be the biggest of all time. The company is targeting a $1.75 trillion valuation and a listing size of $70 billion to $75 billion.
Considering the immense hype and the high valuation baked into that market cap,
Read MoreThe Burst
Is Tesla a Buy at $127 Per Share?
Tesla has been widely criticized in recent days with one hedge fund manager even predicting it will go bankrupt. Others have slammed Musk and his leadership for overseeing a larger than expected drop in deliveries. Still others see BYD as serious competition for Tesla with price rivalry threatening margins and the future of the automaker as a whole.
» Read more about: Is Tesla a Buy at $127 Per Share? »
Read MoreThe Ivy
Will This Buffett Favorite Skyrocket Under Trump?
Chevron (NYSE:CVX) ranks among Warren Buffett’s favorite stocks and is Berkshire Hathaway’s fifth-largest position with total exposure of $18.6 billion.
While Buffett has recently slashed some of Berkshire’s holdings, including his stake in Apple, he has only trimmed Chevron by single-digit percentages this year.
Is this Buffett favorite a buy,
» Read more about: Will This Buffett Favorite Skyrocket Under Trump? »
Read MoreThe Spotlight
