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&
Qualcomm (QCOM) Stock Slides as Market Rises: Facts to Know Before You Trade
Qualcomm (QCOM) closed at $123.95 in the latest trading session, marking a -1.42% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.08%. Elsewhere, the Dow saw a downswing of 0.18%, while the tech-heavy Nasdaq appreciated by 0.1%.
The chipmaker’s shares have seen a decrease of 8.96% over the last month,
» Read more about: Qualcomm (QCOM) Stock Slides as Market Rises: Facts to Know Before You Trade »
Read MoreThe Burst
Why Stanley Druckenmiller Took a Swing at StubHub
Stanley Druckenmiller almost never buys newly public stocks, yet his Duquesne Family Office acquired 4.3 million shares of StubHub shortly after its September IPO.
When a macro investor with his track record breaks his own pattern, it usually signals that he sees something the rest of the market hasn’t priced in.
Key Points
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Druckenmiller sees StubHub as a dominant,
» Read more about: Why Stanley Druckenmiller Took a Swing at StubHub »
Read MoreThe Ivy
Is IonQ The Best Bet on the Future of Quantum?
IonQ has been one of the biggest beneficiaries of renewed excitement around next-generation computing. Shares are up roughly 3x the S&P 500 this year as investors increasingly view quantum computing as moving closer to real-world use rather than remaining a purely academic pursuit.
The key question is whether IonQ’s rally reflects genuine long-term potential,
» Read more about: Is IonQ The Best Bet on the Future of Quantum? »
Read MoreThe Spotlight
Billionaire Dumps Popular AI Stock
In the second quarter, billionaire Steven Cohen exited its entire position in SoundHound AI, a company once touted as one of the purest ways to invest in voice-driven artificial intelligence.
The move came after SoundHound’s stock had surged more than 3x in a year as investors piled into anything labeled “AI.”
So why would one of Wall Street’s most sophisticated investors bail out just as the hype peaked?