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.
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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.
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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&
Washington's timber industry buffeted by regulations, trade war
MORTON, Lewis County — Countless logging trucks rumbled through timber country, their drivers headed toward Hampton Lumber’s sawmill in Morton. Low-hanging clouds touched the tops of the rolling foothills, with patches of land bald from timber harvesting.
“We take our logs and get every bit out of it that we possibly can.
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Read MoreStock market today: Dow, S&P 500, Nasdaq pause rally after Iran says ceasefire has been broken
Oil prices surged on Thursday morning as military action continued in the Middle East and movement through the Strait of Hormuz remained at a standstill, reversing some of the steep pricing drops in the hours after President Trump’s ceasefire announcement on Tuesday morning.
Futures on Brent crude (BZ=F),
Read MoreThe Burst
Why Billionaires Are Betting Big on This Bitcoin ETF
Recently, a surprising number of billionaire hedge fund managers have been buying a single ETF. This fund, the iShares Bitcoin Trust ETF (IBIT), is a spot Bitcoin ETF that tracks the performance of the world’s largest cryptocurrency.
Managers such as Ken Griffin and Israel Englander have decided to buy this fund despite their proven acumen in picking individual stocks that outperform the market.
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Read MoreThe Ivy
Nvidia Still Dominates AI, But the Ground Beneath It Is Shifting
Nvidia has been the undisputed king of the AI hardware empire.
But even monarchs can be overthrown, especially when their biggest allies start eyeing the throne.
Who’s threatening NVIDIA now and will they win?
Key Points
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Nvidia still leads AI hardware, but growth is slowing and major clients are building their own chips.
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Read MoreThe Spotlight
Hyper Rich Politician Buys A Boatload Of..
Nancy Pelosi is among the highest earners in Congress with a salary of $223,000 yet her stock portfolio has grabbed the attention of watchers for its performance relative to the market and size.
Her portfolio has some grown to an astonishing $223 million. In the words of one X user, what started as a mockery,
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