Tesla stock drops as Wells Fargo warns of weak Q2 deliveries, free cash flow under threat
Tesla stock (TSLA) is falling Tuesday as one of the Street’s biggest bears is raising alarms over Tesla’s core auto business and resulting free cash flow.
Wells Fargo’s Colin Langan notes that Tesla’s fundamentals are coming in worse than expected. The bank is expecting second quarter deliveries to be down 21% compared to a year ago,
Read MoreNASDAQ Index, SP500, Dow Jones Forecasts – Stocks Retreat As Traders Wait For Trump’s Decision On Iran
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Read MoreDow drops nearly 300 after oil prices jump as Trump urges Iran's unconditional surrender
NEW YORK — (AP) — U.S. stocks slumped on Tuesday under the weight of another jump for the price of oil. It was a return to form for financial markets after Wall Street’s worries about Israel’s fighting with Iran had seemed to calm a bit on Monday.
The S&P 500 fell 0.8% following signals that the Israel-Iran conflict may be worsening and that one of the U.S.
Read MoreTINA is back: Americans flock to stocks via retirement accounts, may push S&P 500 to all-time highs
The “TINA” trade, short form for “There Is No Alternative”, is making a powerful comeback as Americans, especially younger investors, pour money into stocks through their retirement accounts, Goldman Sachs analysts revealed in a new note, reported Business Insider
TINA Trade Sees a Comeback
After slowed TINA trade when interest rates began to rise in 2022,
Read More5 things to know before the stock market opens Monday
- The U.S. joined Israel’s war against Iran, striking three nuclear sites.
- Stock futures were little changed and oil was barely higher, as traders watched Iran’s reaction.
- U.S. health insurers are taking steps to speed up and reduce prior authorizations, which are often a headache for both patients and providers.
Here are the most important news items that investors need to start their trading day:
1.
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Read MoreThe Burst
1 Cheap Blue Chip Stock To Buy Before It Pops
When it comes to investing, finding a stock with a history of success while providing minimal risk is considered the holy grail.
For those looking for a blue chip stock with growth potential, an excellent place to start is with one of the world’s most consistent performers: Berkshire Hathaway.
Berkshire Hathaway was founded in 1839 and had a rich history of success in the financial markets.
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Read MoreThe Ivy
Market Commentary: 1 Solar Stock You Cannot Afford to Miss
What a horrific year Enphase Energy has had, plunging 54% for the year and still there a few months to go. For a company that’s virtually synonymous with solar technology, what has caused this big crash in an industry that has so many tailwinds?
After all,
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