Stock Market Today: Nasdaq Composite Rises, But Why Are Tesla (TSLA) and Apple (AAPL) Plummeting?
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Earlier we noted that Tesla may be dropping today thanks to an executive order from Donald Trump that could put limits on pro-EV legislation.
Analysts Cut iPhone Price Target Amid Slowing Demand
On Monday, Analysts from Jefferies lowered their Apple rating to “underperform“, citing that iPhone sales weren’t doing well and AI wasn’t growing as fast as expected, which would hurt the company’s profits. Following forecasts that Apple will not meet Q1 2025 revenue targets, Jefferies downgraded the stock to Underperform.
» Read more about: Analysts Cut iPhone Price Target Amid Slowing Demand »
Read MoreApple TV's 'Severance' generates $200M in first season: report
Cindy Ord/Getty Images Entertainment
Apple (NASDAQ:AAPL) TV’s series Severance, which just launched the premier episode of season two on Friday,
» Read more about: Apple TV's 'Severance' generates $200M in first season: report »
Read MoreWhat Just Happened to Apple Stock?
Once hailed as a must-own stock, Apple (AAPL) stock is struggling. The stock, which is among the magnificent 7, erased its December 2024 rally in recent weeks. After shares peaked at $260, Apple stock closed last week at $229.98 at a P/E of around 38 times.
The rich valuation is not the only reason the technology firm traded lower.
» Read more about: What Just Happened to Apple Stock? »
Read MoreThe path to avoid a more destructive US-China trade war is a narrow one
One of President Trump’s first measures regarding US-China trade was directing an assessment of China’s progress on the Phase One Trade Deal agreement.
As a refresher, the main terms of this agreement were for China to ramp up imports from the US by USD 200bn in the years 2020-2021, with 2017 used as a baseline.
» Read more about: The path to avoid a more destructive US-China trade war is a narrow one »
Read MoreThe Burst
Oh, That Can’t Be Good
Usually, we talk about interesting stocks that may be on the cusp of growing revenues, profits or share price rapidly on a Tuesday but today we’re breaking from our regular programming to flag a major concern that could affect consumers. And because consumer spending is widely regarded to constitute about 70% of GDP, anything that affects it has a material impact on the broader stock market.
» Read more about: Oh, That Can’t Be Good »
Read MoreThe Ivy
Why Buffett’s Latest Move Is So Scary
Buffett says he doesn’t time the market but when you look at his past moves, it’s clear that the old sage uses metrics that happen to coincide well with smart market timing.
Take his purchases at the bottom of the market in 2008-09 when he deployed almost 50% of his cash pile within the space of just a few weeks in October 2008.
» Read more about: Why Buffett’s Latest Move Is So Scary »
Read MoreThe Spotlight
Spotlight: The Next Bloomberg Terminal?
Did you know that every 24 hours, Planet Labs captures imagery of every corner of the Earth? This trove of data is so extensive that it helped track a rogue Chinese spy balloon all the way back to its point of origin.
Similar to a search engine, Planet Labs aims to organize massive amounts of Earth-related data.
» Read more about: Spotlight: The Next Bloomberg Terminal? »