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Tesla Approaches Highest Share Price of 2024 as Analysts Raise Price Targets

KEY TAKEWAYS Tesla shares surged again Wednesday as analysts raised price targets for the stock after second-quarter deliveries beat expectations. Tesla shares are approaching their highest point of the year, and have risen almost 25% this week alone. Wedbush analysts raised their price target for Tesla and called it "the most undervalued AI play" on…

ByPexecoJuly 20, 20240Comments

Economic Calendar

What To Expect in the Markets This Week 24-28JUN2024

KEY TAKEAWAYS The Federal Reserve's preferred measure of inflation, the Personal Consumption Expenditures (PCE) index, will be released Friday. The inflation data and a slew of other indicators during the week will be closely watched amid hopes that continued indications of sluggish economic activity could spur the Fed to cut interest rates. Several Federal Reserve…

ByPexecoJune 23, 20240Comments

Stocks

Why a $70B Fund Will Likely Load Up on Nvidia Stock, Dump Apple This Week

KEY TAKEWAYS The Technology Select Sector SPDR Fund (XLK) will likely be forced to buy billions of dollars worth of Nvidia stock—and dump a similar amount of Apple—when it rebalances this week. Nvidia’s weight in the ETF is expected to nearly quadruple after its float-adjusted market cap exceeded Apple’s at the end of last week.…

ByPexecoJune 18, 20240Comments

Featured Stocks

Nvidia’s 10-for-1 Stock Split Is Coming—What You Need To Know

KEY TAKEAWAYS Nvidia announced a 10-for-1 forward stock split along with its blockbuster earnings report Wednesday. Stock splits increase the number of shares on the market without changing the company's valuation or market capitalization. Holders of Nvidia common stock as of market close on Thursday, June 6 will receive nine additional shares for each share they hold…

ByPexecoJune 6, 20240Comments

European Central Bank ready to cut?

Oil prices are uncertain as to which direction to take

ECB June cut in the works?

Gold Outlook: Petraces from all-time highs

Germany’s HICP rates in sight

Equities report: Equities send out mixed signals

Tesla Approaches Highest Share Price of 2024 as Analysts Raise Price Targets

What To Expect in the Markets This Week 24-28JUN2024

Why a $70B Fund Will Likely Load Up on Nvidia Stock, Dump Apple This Week

Nvidia’s 10-for-1 Stock Split Is Coming—What You Need To Know