The NASDAQ 100 Pre-Market Indicator is up 60.8 to 12,351.61. The total Pre-Market volume is currently 47,155,524 shares traded.The following are the most active stocks for the pre-market session: KE Holdings Inc (BEKE) is -0.02 at $19.75, with 5,144,769 shares traded.BEKE is sch
President Joe Biden has pledged that fighting climate change will deliver millions of middle-class jobs with good wages to Americans with union membership cards.
Investors have seen a topsy-turvy stock market so far in 2023, with early gains in January giving way to more anxiety in February. After seeing solid gains during the first few days of March, market participants came back from the weekend uncertain about what the future will brin
Dubbed the company’s “Master Plan Part 3,” the presentation took two parts. Tesla CEO Elon Musk kicked off the event talking about the "clear path" to a fully sustainable Earth.
U.S. stocks rallied on Friday, helping the week to end on a big note as bond yields backtracked slightly from their recent rise. The S&P 500 (up 1.9%), the Dow Jones (up 1.8%), the Nasdaq Composite (up 2.6%) and the Russell 2000 (up 2.0%) — all gained last week.
(RTTNews) - Luxury electric major Tesla Inc. has slashed prices of its Model S sedan and Model X SUV vehicles in the United States, aiming to boost demand.
Regardless of whether you're a new or tenured investor, putting your money to work on Wall Street can sometimes be an adventure. Investors learned, or were reminded of, this lesson last year, when all three major U.S. stock indexes plummeted into a bear market.
Tesla (
NASDAQ:TSLA
) stock marked a stellar recovery in 2023, rising about 61% year-to-date. While
EV (Electric Vehicle) giants’ solid recovery makes it one of the best-performing stocks, Warner Bros. Discovery (
NASDAQ:WBD
) shares, a member of the S&P 500 index (
SPX
), have soared more than 63%, outperforming TSLA so far this year.
WBD’s outperformance came despite stiff competition and a weak advertising market. Let’s dig deeper to understand what fuelled this rally.
Here’s Why WBD Stock is Rising
WBD has completed most of its restructuring initiatives, which will accelerate its growth and reduce costs. Further, the price hike announced earlier this year gave a lift to shares of this media and entertainment giant.
However, the most significant catalyst has been the combination of HBO Max and Discovery+, which will likely improve its go-to-market approach, strengthen its competitive positioning, drive engagement and cost synergy, and position it well to capitalize on the recovery in the advertising market. The company plans to launch the combined service in a few months.
In addition, WBD’s diverse revenue streams and management’s efforts to achieve profitability in the DTC (Direct-to-Consumer) business augur well for growth.
Needham analyst Laura Martin sees WBD's multiple revenue streams, margin expansion upside, focus on franchise-based films, and cost-cutting initiatives as positives. However, the ad revenue decline and macro weakness remain a drag. Martin has a Hold recommendation on WBD stock.
What is the Prediction for WBD?
While
WBD stock has gained over 63% year-to-date, analysts’ average price target of $18.56 implies a further upside potential of 19.97%. At the same time, it has received five Buy, three Hold, and one Sell recommendations for a Moderate Buy consensus rating.
Our data shows that hedge fund managers are also optimistic about WBD stock. Per the TipRanks’ Hedge Fund Trading Activity tool,
hedge funds bought 4.2M shares of WBD last quarter.
Bottom Line
Its growing DTC global subscribers, the combination of HBO Max and Discovery+, and cost efficiencies will likely support the upside in WBD stock. However, the near-term pressure on ad revenues, especially in the U.S., and global macro uncertainty could hurt its
financials in the short term.
Disclosure
Tesla Inc has cut prices of its Model S and Model X vehicles in the United States, its website showed, days after chief executive Elon Musk said recent price cuts of other models had stoked demand.
Tesla Inc has cut prices of its Model S and Model X vehicles in the U.S., its website showed, days after its chief executive Elon Musk said that the recent price cuts of its other models had stoked demand.
Investors always need to think about the value of their investments, especially when interest rates are rising and growth is slowing in many markets. And given that backdrop, some high-profile stocks look like they're priced for perfection.
Recession talk seems to be everywhere, and it's not just pundits: 28 of the 48 economists recently surveyed by the National Association for Business Economics expect a recession in the U.S. this year. While the U.S. economy added more than half a million jobs in January, news of
Investors around the world turn to Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) annual letters for guidance. And while Warren Buffett's letters tend to include a great deal of wisdom, they also include mistakes to avoid -- especially during treacherous markets.
The path toward cleaner air and a healthy planet has long clashed with economic growth and industrialization. But reduced costs for renewable energy paired with technological innovation and government support have led to a surge in renewable energy power generation, electric vehi
Below is Validea's guru fundamental report for TESLA INC (TSLA). Of the 22 guru strategies we follow, TSLA rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit cha
In this week's video, I cover everything you need to know about news related to Tesla (NASDAQ: TSLA) during the week of Feb. 27. Today's video will focus on Tesla's China-insured numbers, its leadership position in various parts of the world, and some extra information with regar
Tesla Inc said it is recalling 3,470 2022 through 2023 Model Y vehicles in the United States because bolts securing the second-row seatback frames may not have been securely tightened, according to a filing made public Saturday.
Just two months into the year, Tesla (NASDAQ: TSLA) is already the best-performing S&P 500 stock year to date. But even after its meteoric ascent, the stock is still down 51% from its all-time high. And many bullish investors believe that the stock could eclipse that high ove