NASDAQ, Dow Jones and S&P 500 Forecast – US Indices Pull Back During Friday Morning
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Read MoreTesla’s stock soars on Trump-Musk alliance hopes as legacy automakers brace for impact
Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the context of the broader themes impacting the industry.
I’m Steve Greenfield from Automotive Ventures, and I’m glad that you could join us.
Tesla’s stock has surged to a $1 trillion valuation – seemingly over the appearance that the close Trump and Musk relationship is going to benefit the automaker.
Read MoreJamie Dimon says bankers are 'dancing in the street' after Donald Trump's election win
Wall Street bankers expect President-elect Donald Trump to scale back regulations when he returns to the White House. And JPMorgan Chase (JPM) chief Jamie Dimon says banking executives couldn’t be happier.
Regardless of who they voted for, “a lot of bankers, they’re like dancing in the street,” Dimon said Thursday at the APEC CEO Summit in Lima,
Read MoreThe rally has been 'on stilts' as DeMark says market likely to top soon
“The past two weeks’ rally has been on stilts and a sudden suspension of buying—even without selling pressure— could undercut the rally and transform into a sellers’ market. Granted good news could unlikely extend into inauguration but, at any time, once buying interest is interrupted, subsequent rallies should be short lived,” says DeMark.
» Read more about: The rally has been 'on stilts' as DeMark says market likely to top soon »
Read MoreNvidia nearly triples in value over 11 months: Is it time to invest?
Nvidia (NVDA) stock opened the year at about $50 per share, on a split-adjusted basis. As of late November 2024, the semiconductor stock’s price had eclipsed $145. The growth equates to a year-to-date value increase of almost 195%. The gain is related to the rising demand for Nvidia’s high-performance chips that can power artificial intelligence workloads.
» Read more about: Nvidia nearly triples in value over 11 months: Is it time to invest? »
Read MoreThe Burst
1 Growth Stock A Billionaire Is Buying
The Nasdaq Composite entered a bear market in Q1. One investor treating the pullback as a buying opportunity is billionaire Israel Englander of Millennium Management. He added to his shares of The Trade Desk, an industry leader gaining momentum in the programmatic advertising space.
Although analysts have been cutting price targets for growth stocks,
» Read more about: 1 Growth Stock A Billionaire Is Buying »
Read MoreThe Ivy
Market Commentary: Is This The Largest Scandal On Wall Street?
Carl Icahn is as infamous as he is famous. As an activist investor, he sewed fear into the boards of target companies. Famous for his aggressive approach to taking large stakes in companies and pressuring management to make changes that benefit…
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