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Wall Street was set to open higher on Thursday, as bank stocks rose after major lenders cleared the Federal Reserve's annual stress test, while economic data pointed to a resilient U.S. economy in the face of aggressive interest rate hikes.

Astute investors and market pundits were expecting the stock market returns to take a beating this year primarily due to the Federal Reserve’s aggressive monetary tightening measures to tackle stubbornly high inflation.

The NASDAQ 100 Pre-Market Indicator is up 42.22 to 15,006.79. The total Pre-Market volume is currently 37,736,275 shares traded.The following are the most active stocks for the pre-market session: Joby Aviation, Inc. (JOBY) is +1.63 at $10.59, with 5,463,706 shares traded., foll

Below is Validea's guru fundamental report for TESLA INC (TSLA). Of the 22 guru strategies we follow, TSLA rates highest using our Small-Cap Growth Investor model based on the published strategy of Motley Fool. This strategy looks for small cap growth stocks with solid fundament

U.S. stock index futures edged higher on Thursday, as bank stocks rose after major lenders cleared the Federal Reserve's annual health test, while megacap stocks extended gains as investors shrugged off hawkish messages from the central bank chief.

Tesla (NASDAQ: TSLA) has long been associated with artificial intelligence (AI). Without AI, there can be no self-driving cars, a considerable part of the Tesla investment thesis. Tesla has benefited from this new-found AI investing interest, as the stock has risen nearly 60% sin

U.S. stock index futures edged higher on Thursday as most banking stocks rose after clearing the Federal Reserve's annual stress test, while megcap stocks looked to extend gains despite the prospect of further interest rate hikes.

When examined over short periods, Wall Street is anything but predictable. Over the trailing two years, we've watched all three major indexes climb to multiple new highs, subsequently plunge into a bear market, then rebound substantially in the first half of 2023.

Fool.com contributor Parkev Tatevosian evaluates Palantir (NYSE: PLTR) and Tesla (NASDAQ: TSLA) to determine which is the best stock to buy for long-term investors.

Patience tends to be handsomely rewarded on Wall Street, as any long-term chart of the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) shows. However, the short-term movements in these major U.S. stock index

Microsoft President Brad Smith on Thursday talked up the benefits of regulating artificial intelligence and how the U.S. software giant can help, reiterating a message to a Brussels audience that he delivered in Washington last month.

Despite macro challenges and intense competition, electric vehicle (EV) adoption continues to rise globally. As per Counterpoint Research, one in every seven cars sold in the first quarter of 2023 was an EV. Global passenger EV sales grew 32% year-over-year in Q1 2023. Given the concerns over climate change and carbon dioxide emissions, EV sales are projected to witness robust growth in the years ahead. Bearing that in mind, we used TipRanks’ Stock Comparison Tool to place General Motors ( NYSE:GM ), Tesla ( NASDAQ:TSLA ), and Nio ( NYSE:NIO ) against each other to pick the EV stock with the best upside.      General Motors (NYSE:GM) Legacy automaker General Motors is rapidly moving ahead with its goal of becoming an all-EV company by 2035. The company aims to build 400,000 EVs in North America from 2022 through the first half of 2024, including 150,000 units this year. Moreover, GM has secured all battery materials required to grow its capacity to 1 million EVs annually in North America by 2025. While the company is investing aggressively in its EV ambitions, it is also reducing costs in other areas of its operations to improve its profitability. GM is targeting cost reduction of $2 billion by the end of 2024. Earlier this month, GM entered into an agreement with Tesla, giving its EV buyers access to the Tesla Supercharger network. The company expects to save up to $400 million through this EV-charging deal with Tesla.      Is GM a Buy, Sell, or Hold? Following a CFO dinner and factory tour, Citigroup analyst Itay Michaeli reiterated a Buy rating on General Motors stock and a price target of $85. Michaeli’s meeting, which included the Factory Zero tour, SuperCruise rides, and EV updates, reinforced his bullish stance on GM. The analyst sees several potential catalysts over the next six months that could positively influence investor sentiment, including Q2 earnings upside, moderating U.S. pricing and demand concerns in the second half of the year, Ultium EV ramp, and product launches. Wall Street’s Moderate Buy consensus rating on General Motors is based on six Buys and five Holds. The average price target of $46.90 implies 22.8% upside. Shares have risen more than 13% so far in 2023. Tesla (NASDAQ:TSLA) Tesla stock has skyrocketed 108% so far in 2023, thanks to improved investor sentiment, the company’s competitive position in the EV space, AI-oriented rally in stocks, and key partnerships with players like General Motors, Ford ( NYSE:F ), Rivian ( NASDAQ:RIVN ) involving the adoption of the company’s North American Charging Standard (NACS). In fact, Bernstein analyst Toni Sacconaghi expects supercharging to be a $12 billion opportunity for Tesla in 2030, although he expects the business to carry low margins. Interestingly, Sacconaghi has a Sell rating on Tesla and a price target of $150. Meanwhile, TSLA has been downgraded by four analysts within the last 10 days due to valuation concerns following a significant rally in the stock and the impact of price cuts and competition on margins. Is TSLA a Good Stock to Buy? Ahead of Tesla’s June Delivery report this weekend, Piper Sandler analyst Alexander Potter reiterated a Buy rating on the stock with a price target of $280. Potter said that he wouldn’t be surprised to see “profit-taking” in the coming months, given TSLA stock’s rally so far this year. The analyst also sees the possibility of operational bottlenecks in the second half of the year. Potter expects Tesla’s June deliveries to come in at 469,000, although he thinks that his estimate could be a “tad high.” Wall Street’s consensus expectation for June deliveries stands at 445,000. The analyst expects Tesla’s production to be at record levels in the second quarter due to the ramp-up at the Shanghai facility and contributions from Austin and Berlin plants. Nonetheless, Potter contends that the gross margin outlook will perhaps be even more crucial than production and cautioned that any price cuts in Q3 might reignite worries about the company’s margins.   Wall Street’s Moderate Buy consensus rating on Tesla is based on 13 Buys, 13 Holds, and five Sells. Given the impressive year-to-date rally in the stock, the average price target of $218.58 implies about 15% possible downside. Nio (NYSE:NIO) Nio has been struggling with supply chain issues, macro pressures, and intense competition in China, the largest EV market in the world. The company’s underwhelming first-quarter performance and weak second-quarter guidance added to investors’ woes. Succumbing to the price wars in China and in a bid to boost sales, Nio recently lowered the prices for its EVs by RMB 30,000. Nio has also decided to stop offering free battery-swapping services to buyers.    The company’s Q2 deliveries outlook indicates a decline in the range of 0.2% to 8.2%, partly due to lower production in April and May, as the company transitioned its production lines to its NT2.0 platform. Is Nio Stock a Buy, Sell, or Hold? Following Nio’s weak Q2 revenue guidance, Mizuho analyst Vijay Rakesh reiterated a Buy rating on the stock and lowered the price target to $20 from $25 on June 9. Rakesh also lowered his delivery estimates to about 152,000 units from 207,000 for 2023 and to 259,000 from 283,000 for 2024. Despite short-term headwinds, Rakesh remains bullish on Nio due to several upcoming production ramp-ups, including the low-cost ES6 SUV, a multi-year EV adoption tailwind, and the company’s leadership in the premium EV segment in China. He is also optimistic about Nio’s expansion in Europe and other regions and a growing product portfolio.   With seven Buys and four Holds, Nio earns a Moderate Buy consensus rating. The average Nio price target of $10.33 implies 8.51% upside. Shares are down over 2% year-to-date. Conclusion Wall Street is cautiously optimistic about GM, TSLA, and NIO due to macro uncertainty and growing competition. Currently, analysts see higher upside in General Motors, with the company taking the right steps to accelerate its EV goals and improve profitability. Disclosure

Led by a resurgent tech sector, growth stocks are back in a big way in 2023, and the popular Vanguard Growth ETF ( NYSEARCA:VUG) is up 31.7% year-to-date. So, what is VUG, and could it be a fit for your portfolio?  What Does the VUG ETF Do? VUG is the growth ETF from the fund and ETF giant Vanguard, and it's a popular one, growing to almost $90 billion in assets under management (AUM) since its inception in 2004. In fact, VUG is the 11th-largest ETF in the world by AUM, and if you remove two bond funds from the equation, it comes in at number nine. The ETF seeks to track the results of the CRSP US Large Cap Growth Index.   VUG's Portfolio VUG is fairly diversified, with 241 holdings, although note that its top 10 holdings account for over 50% of assets. In fact, the top two holdings, Apple ( NASDAQ:AAPL ) and Microsoft ( NASDAQ:MSFT ), combine to account for over 25% of the fund. Below, you can get an overview of VUG’s top holdings using TipRanks’ holdings tool. As a growth ETF, VUG’s top holdings are dominated by the large-cap tech stocks that have propelled the market higher this year, including the aforementioned Apple and Microsoft, plus Amazon ( NASDAQ:AMZN ), Nvidia ( NASDAQ:NVDA ), Alphabet ( NASDAQ:GOOGL ) ( NASDAQ:GOOG ) and Tesla ( NASDAQ:TSLA ).  However, VUG isn’t limited to mega-cap tech. Beyond these names, healthcare giant Eli Lilly ( NYSE:LLY ) and payment networks Visa ( NYSE:V ) and Mastercard ( NASDAQ:MA ) also occupy spots within the top 10. Other notable holdings include more blue chip, large-cap growth stocks like Meta Platforms ( NASDAQ:META ), Thermo Fisher Scientific ( NYSE:TMO ), Home Depot ( NYSE:HD ), Costco ( NASDAQ:COST ), and McDonald's ( NYSE:MCD ). VUG’s top 10 holdings feature a solid collection of Smart Scores. The Smart Score is a proprietary quantitative stock scoring system created by TipRanks. It gives stocks a score from 1 to 10 based on eight market key factors. A Smart Score of 8 or higher is equivalent to an Outperform rating. As you can see in the table above, six out of VUG’s top 10 holdings feature Smart Scores of 8 or better. VUG itself features an impressive ETF Smart Score of 8. Is VUG Stock a Buy, According to Analysts? Turning to Wall Street, VUG has a Moderate Buy consensus rating, as 66.9% of analyst ratings are Buys, 29.7% are Holds, and 3.4% are Sells. At $298.07, the average VUG stock price target implies 6.9% upside potential. A Star Performer VUG is up 31.7% year-to-date, as mentioned earlier, and 24% over the past year, but it has been providing strong returns for its investors for a lot longer than that. Over the past three years, VUG has returned 11.8% on an annualized basis. Over the past five years, VUG has provided even better total returns of 13.2% on an annualized basis. Zooming all the way out to 10 years, VUG has returned a stellar 13.9% on an annualized basis. Going all the way back to its inception in 2004, VUG’s total annualized return is impressively still in the double digits at 10.2%. Double-digit annualized returns over a long-term time horizon like this are a great way to build long-term wealth.  Furthermore, VUG is one of the rare ETFs that can say it has "beaten the market" over an extended time frame. Let’s use its Vanguard counterpart, the Vanguard S&P 500 ETF ( NYSEARCA:VOO) , as a stand-in for the broader market and the S&P 500 specifically. Over a three-year time horizon, VOO’s annualized total return of 12.8% beats VUG’s 11.8%. However, when the time frame is extended to five years, VUG has the edge with a 13.2% return to VOO’s 11% return. Going out 10 years, VUG’s 13.9% annualized return also beats VOO’s 11.9% return. Below, you can check out a comparison of VUG and VOO created using TipRanks' ETF Comparison Tool, which allows investors to compare up to 20 ETFs at a time across a variety of customizable factors. VOO’s long-term double-digit annualized returns are stellar, so this sets a high bar for beating the market, but VUG is an ETF that can make this claim.  Minimal Fees Despite this excellent long-term track record, VUG isn’t charging investors an arm and a leg for this performance. The ETF’s expense ratio of just 0.04% is very investor-friendly. This means that an investor putting $10,000 into VUG would pay just a negligible $4 in fees in year one of investing in the fund. After three years, this same investor would pay just $10 in fees, and after 10 years, their total in fees paid would be just $39. You can essentially gain exposure to hundreds of the market's top growth stocks for 10 years for less than the price of a dinner for two at most restaurants nowadays, which is a good deal in my book. Minimal fees like this can help investors to preserve the principal of their investment portfolios and make a big difference over the long term, as high fees can really add up over time. Investor Takeaway Note that VUG is also a dividend payer. While its current dividend yield of just 0.6% isn't much to write home about in and of itself, it all adds up to help add to total returns over time. Furthermore, VUG has a proud history as a dividend payer, having made dividend payments to its holders for 18 years in a row going back to its inception in 2004. With a very attractive expense ratio, a strong portfolio, and an excellent long-term track record, VUG is the type of ETF that investors can feel confident about making a cornerstone of their portfolios for the long term. Since VUG is up considerably this year, it's likely that there will be pullbacks at some point. Still, this ETF has proven itself as a long-term winner, so investors can consider utilizing these pullbacks to dollar-cost average into a position over time to lower their cost basis. Disclosure

Apple's stock climbed to a record high close on Wednesday and was on the cusp of a $3 trillion market capitalization.

The Nasdaq managed a small gain on Wednesday with support from megacap stocks while the S&P 500 and the Dow closed lower after U.S. Federal Reserve Chair Jerome Powell signaled more rate hikes and said he did not see inflation falling to the central bank's target rate "this year or next year."

The Nasdaq Composite Index .IXIC closed higher and the dollar rebounded on Wednesday as Federal Reserve Chair Jerome Powell suggested two more interest rate hikes are probably in the cards.

The S&P 500 and Dow closed lower on Wednesday on the prospect of further interest rate hikes after U.S. Federal Reserve Chair Jerome Powell said he did not see inflation falling to the central bank's target rate "this year or next year."

The S&P 500 and Dow were in the red on Wednesday on the prospect of further interest rate hikes after the Federal Reserve's chair Jerome Powell said that he did not see inflation falling to the central bank's target rate any time soon.

Apple's stock climbed to an intra-day record high on Wednesday, and was on the cusp of ending the session for the first time with a market capitalization above $3 trillion.

What happened Wednesday is turning into another great day to own electric vehicle (EV) stocks, as EV start-ups jostle for pole position and a couple news items shake up the rankings.