Despite having once been one of the better stocks to own for exposure to the e-commerce industry, PayPal Holdings Inc (NASDAQ: PYPL) has recently fallen on hard times. Its shares have been sinking since they last tagged an all-time high in July 2021, when the pandemic had more p
The NASDAQ 100 Pre-Market Indicator is up 141.59 to 14,844.36. The total Pre-Market volume is currently 120,712,140 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is +0.74 at $36.28, with 3,552,039 shares traded.
A raid by French authorities of the offices of a technology firm named as Nvidia in media reports is the latest among a string of such actions by European regulators as they look to check the dominance of Big Tech companies from thwarting competition.
U.S. stock index futures advanced on Friday as Treasury yields eased from multi-year highs and powered gains in growth stocks, while investors awaited a crucial inflation metric to assess the outlook for the Federal Reserve's monetary policy.
The stock market has been a bit shaky lately as investors digest the reality that economic growth could slow and interest rates will remain relatively high for longer than investors had hoped for.
A raid by French authorities of the offices of a technology firm named as Nvidia in media reports is the latest among a string of such actions by European regulators as they look to check the dominance of Big Tech companies from thwarting competition.
Rivian Automotive (NASDAQ: RIVN) and Lucid Group (NASDAQ: LCID) were two of the most hyped stocks to debut in the U.S. stock markets in 2021. While Lucid created quite a buzz with its luxury electric cars that were touted to give Tesla a run for its money, Rivian beat Tesla and l
Fintel reports that on September 29, 2023, Canaccord Genuity reiterated coverage of Tesla (NASDAQ:TSLA) with a Buy recommendation. Analyst Price Forecast Suggests 0.72% Downside
Cathie Wood recently said robotaxis are "one of the most important investment opportunities of our lifetimes." Her asset management company, Ark Invest, is leaning into that opportunity with sizable positions in Nvidia (NASDAQ: NVDA) and Tesla (NASDAQ: TSLA).
Tesla may miss estimates for third-quarter deliveries due to planned factory shutdowns and soft demand that led the automaker to boost discounts, several Wall Street analysts warned in the run-up to the report that could come as early as Sunday.
The electric vehicle (EV) market is jam-packed with competitors ranging from younger entrants such as Tesla, Rivian, or Polestar to legacy automakers like Ford looking in new directions. One of the biggest end markets for EVs is China. And while Nio may be one of the most recogni
U.S. stock index futures rose on Friday as Treasury yields eased from multi-year highs and powered gains in megacap stocks, while investors awaited a crucial inflation metric to assess the outlook for the Federal Reserve's monetary policy.
Given the tech industry's growth over the last few decades, it's difficult to dispute its role in building the future. Apple, Microsoft, and Amazon are three of the world's largest companies because they pioneered new industries and significantly changed the lives of billions of
Tesla (
NASDAQ:TSLA
) and Nike (
NYSE:NKE
) are among the most discussed stocks on the social media platform Reddit. While these stocks have significantly gained attention and are buzzing on Reddit, Wall Street analysts are cautiously optimistic about NKE and TSLA.
Keeping this backdrop in mind, let’s delve into these trending Reddit stocks.
What Are Analysts Saying About Tesla Stock?
EV (Electric Vehicle) giant Tesla has gained significantly on a year-to-date basis as it
continues to sell more vehicles than the combined sales of competing automakers in the EV sector. Further, its focus on ramping up production, new model launches, and reducing costs bode well for growth. Additionally, the company’s Full Self-Driving (FSD) tech and extensive network of superchargers provide significant growth opportunities in the long term.
However, near-term pressure on margins keeps analysts cautiously optimistic about Tesla stock. The company is lowering its average selling prices to drive volumes and maintain its leadership in the EV sector, which is taking a toll on its profitability.
Given the short-term margin headwinds, Tesla stock has received 12 Buy, 12 Hold, and four Sell recommendations for a Moderate Buy consensus rating. Analysts’ average price target of $272.71 implies 10.69% upside potential.
What is the Future Prediction for Nike?
Nike stock has underperformed in the broader markets year-to-date. However, the company delivered better-than-expected Q1 earnings, which boosted its share price after hours.
Goldman Sachs analyst Kate McShane reiterated a Buy rating on Nike stock following its Q1 earnings on September 28. The analyst remains upbeat about the company’s robust innovation pipeline. While McShane is bullish about Nike stock, tough year-over-year comparisons, macro uncertainty, especially in China, and increased competition are behind Wall Street analysts’ cautiously optimistic consensus outlook.
Nike stock has received 18 Buy, seven Hold, and two Sell recommendations for a Moderate Buy consensus rating. Analysts’ average price target of $122.30 implies 36.45% upside potential from current levels.
Bottom Line
Tesla and Nike stocks are trending on Reddit and have good long-term growth prospects. However, near-term headwinds are keeping analysts cautiously optimistic about these stocks. Nonetheless, with its higher upside potential (based on analysts’ price targets), Nike's stock looks more compelling than Tesla's in the short term.
Disclosure
Tesla stock (Nasdaq:TSLA) has lost about 9% over the past five days, trading at about $244 per share. While the broader markets have been weak with the S&P 500 declining by about 4% over the same period, there have been a couple of other factors impacting Tesla stock. T
Fintel reports that on September 28, 2023, Morgan Stanley reiterated coverage of Tesla (NASDAQ:TSLA) with a Overweight recommendation. Analyst Price Forecast Suggests 1.71% Upside
A U.S. civil rights agency sued Tesla Inc on Thursday, claiming the electric carmaker has tolerated severe harassment of Black employees at its flagship Fremont, California, assembly plant.
Opening statements began on Thursday in the first U.S. trial over allegations that Tesla's Autopilot driver assistant feature led to a death, and its results could help shape similar cases across the country.
The markets are bouncing between positive and negative territory early in September's penultimate trading day. Barring a massive move today or Friday, the S&P 500 will finish the month significantly lower than it started.
Wall Street's key indexes gained on Thursday as investors assessed the latest batch of economic data and looked towards a key inflation metric and any signs of progress on a U.S. funding bill.