Stock Market Today, April 7: Intel Rallies as it Joins Musk's Terafab Project
Today’s Change
(4.13%) $2.10
Current Price
$52.88
Key Data Points
Market Cap
$254B
Day’s Range
$51.22 –
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.
» Read more about: JPMorgan has a stark warning on Tesla stock »
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.
» Read more about: 9 ETFs for Solid Alternative Assets »
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&
7 reasons Goldman says beaten-down tech stocks are now a buying opportunity
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Goldman says it’s time to buy the dip in the ailing tech sector.
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The corner of the market has been battered by AI disruption fears and the Iran war this year.
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The bank shared seven reason valuations are now looking attractive for investors.
» Read more about: 7 reasons Goldman says beaten-down tech stocks are now a buying opportunity »
Read MoreThe Burst
IBM’s Smart Move To Prove It’s an AI Powerhouse
For years, IBM has worn the “missed opportunity” label in artificial intelligence. The company that built Deep Blue, the chess-playing computer, and Watson, the supercomputer, seemed perfectly positioned to dominate AI before anyone else saw it coming.
And yet, while those early breakthroughs made headlines, IBM failed to cash in.
» Read more about: IBM’s Smart Move To Prove It’s an AI Powerhouse »
Read MoreThe Ivy
Is PayPal About to Stage an AI-Powered Comeback
Shares of PayPal haven’t joined the tech sector’s rally. While the S&P 500 has climbed, PayPal has slipped about 15% over the past year. But a new partnership with OpenAI and strong underlying fundamentals could mark the start of a rebound.
Key Points
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PayPal’s integration into ChatGPT positions it as the default payment option for AI-powered shopping—an early lead in conversational commerce.
» Read more about: Is PayPal About to Stage an AI-Powered Comeback »
Read MoreThe Spotlight
Is This 8.6% Yield Too Good to Ignore?
If you’re the kind of investor who wants steady income, especially the kind that drops into your account every month like clockwork, the JPMorgan Equity Premium Income ETF (JEPI) is tough to ignore.
The headline number is eye-catching, an 8.6% trailing yield, paid monthly. That’s not just high, it’s more than four times the yield of the S&P 500 and well above what most high-grade corporate bonds are paying right now.