Deutsche economic organization has revised its rating on Tesla (TSLA), downgrading the stock to Hold from a Buy rating as the automaker shifts its focus to the production of a robotaxi. Deutsche economic organization Lead US Autos Analyst Emmanuel Rosner joins sector Domination to explain the downgrade. Rosner says “there’s a strategic change” occurring within … Read more
Tesla (TSLA) has faced mounting challenges in 2024, garnering increasingly bearish sentiments from major shareholders. The EV maker’s stock has fallen almost 40% year-to-date. Wedbush Securities Managing Director Dan Ives recently put out a note claiming that “the clock has struck midnight” for Tesla chief executive officer Elon Musk. He joins Yahoo financial to discuss … Read more
AI has been quite the buzz on Wall Street recently as top tech companies with heavy investments in AI have led the recent rally seen in the sector. With more and more companies getting involved in AI, it can be hard for any investor to wade through the names and find a great entry point … Read more
Stocks (^DJI, ^IXIC, ^GSPC) have pulled back in the last several trading sessions, already posting two consecutive losing weeks in 2024’s first quarter. Is the market on track for where it should be or is it still playing catch-up from prior years? Ned Davis Research (NDR) Chief Global Investment Strategist Tim Hayes weighs in on … Read more
After two consecutive losing weeks for US equity markets (^DJI, ^IXIC, ^GSPC), was a pullback inevitable after a strong first-quarter start to 2024? Charles Schwab Senior Investment Strategist Kevin Gordon joins the Morning Brief in-studio to talk about which parts of the market are pricing in Federal Reserve interest rate cuts the hardest, as well … Read more
Bitcoin (BTC-USD) prices are holding above $63,000 as the cryptocurrency gives up some ground on Monday. The bitcoin halving event is projected to take place this Friday, April 19, which operates to reduce the amount of available bitcoins in circulation once every four years. The bitcoin halving directly impacts the revenue of bitcoin miners, including … Read more
Oil prices (BZ=F, CL=F) are falling on Monday morning as the industry has initially shrugged off Iran’s missile strikes against Israel. Still, some analysts expect oil prices to jump to over $100 per barrel, leading some to question the impact on inflation and the Federal Reserve’s path moving forward. UBS Global Wealth Management Head of … Read more
The March retail sales report surprised to the upside, coming in at 0.7% from the month prior versus the anticipated 0.4% gain. Roth MKM’s Chief Economist and Macro Strategist Michael Darda joins the Morning Brief to discuss the implications of this report for the Federal Reserve’s rate cut plans, calling it a “body blow to … Read more
Investors are hoping the upcoming earnings season will provide the markets with a boost. lender of America’s Chief Equity Technical Strategist Stephen Suttmeier joins Yahoo money management to discuss the sector outlook. Suttmeier acknowledges the potential for “a potential stalling” in the sector, describing it as a “temporary setback.” He notes that in election years, … Read more
Stock futures (YM=F, ES=F, NQ=F) are trading lower on Friday as earnings results from major banks, including JPMorgan (JPM), Wells Fargo (WFC), and Citigroup (C), have disappointed investors. To discuss the sector outlook following these earnings, IG North America chief executive officer JJ Kinahan joins The Morning Brief. Focusing on JPMorgan’s earnings specifically, Kinahan says … Read more