What happened
Rivian Automotive (NASDAQ: RIVN) shares have been on the move higher, rising double digits over the last five trading days. That trend continued early Thursday with shares jumping as much as 2.5% in early trading. The stock lost some of that gain, however, by 2:02 p
Wall Street fell on Thursday after unexpectedly strong inflation data and a drop in weekly jobless claims added to fears that the Federal Reserve will keep raising interest rates to tame high prices.
Tesla (NASDAQ: TSLA) is recalling more than 350,000 vehicles equipped with its driver-assist software in response to government concerns that the system could cause crashes.
Technology stocks were lower Thursday, with the Technology Select Sector SPDR Fund (XLK) slipping 0.7% and the Philadelphia Semiconductor index (SOX) falling 1.3% this afternoon.
U.S. main stock indexes slipped on Thursday after unexpectedly strong inflation data and a fall in weekly jobless claims fed into fears that the Federal Reserve will keep raising interest rates to tame high prices.
Tesla Inc said it would recall 362,000 U.S. vehicles to update its Full Self-Driving (FSD) Beta software after U.S. regulators said on Thursday the driver assistance system did not adequately adhere to traffic safety laws and could cause crashes.
The First Trust Nasdaq Artificial Intelligence and Robotics ETF is seeing unusually high volume in afternoon trading Thursday, with over 93,000 shares traded versus three month average volume of about 31,000. Shares of ROBT were off about 0.1% on the day.
Manchester United will receive multiple offers when an initial deadline for bids expires on Friday, sources familiar with the process said, kicking off potentially the largest sports deal ever.
Thursday, February 16, 2023The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Tesla, Inc. (TSLA), Eli Lilly and Company (LLY) and Bank of America Corporation (B
U.S. main stock indexes fell more than 1% on Thursday after stronger-than-expected inflation data and a fall in weekly jobless claims fed into fears that the Federal Reserve will keep raising interest rates to tame high prices.
U.S. stock indexes were on track to open sharply lower on Thursday after stronger-than-expected producer prices data fed into fears that the Federal Reserve will keep raising interest rates to tame stubbornly high inflation.
You may have finished celebrating Valentine’s Day, but gifting something unique, like a stock that will enhance the financial well-being of your partner, shouldn’t be limited to a day. If you plan to gift shares, we recommend stocks that are the most held by investors who maintain Smart Portfolios on TipRanks. Using TipRanks’
TipRanks Smart Portfolio tool, we have selected Apple (
NASDAQ:AAPL
), Amazon (
NASDAQ:AMZN
), and Tesla (
NASDAQ:TSLA
).
Our data shows that AAPL is the most-held stock, followed by AMZN and TSLA. Further, 10.53% of the total Smart Portfolios hold AAPL stock, up 14.41% on average since last week. Meanwhile, 9.4% of the portfolios have AMZN and TSLA stocks, reflecting average increases in the past week of 40.81% and 19%, respectively.
These three stocks have a good chance of making your loved ones wealthier by the next Valentine’s Day. Holding these stocks for longer can be even more rewarding. Let’s dig deeper.
What’s the Prediction for Apple Stock?
Macro and currency headwinds, COVID-led challenges in China, and supply-chain issues weighed on Apple’s financials, which reported a 5%
decline in sales in Q1 of Fiscal 2023. Its
earnings of $1.88 per share came in below the Street's expectations.
Nevertheless, analysts see these short-term challenges to dissipate and highlight the strength in the Services segment and growing installed base of 2 billion active devices as a key growth driver.
Apple stock sports a Strong Buy consensus rating on TipRanks, reflecting 25 Buys and five Holds. Further, Wall Street’s average price target of $172.71 implies 11.19% upside potential.
Along with analysts, hedge funds are also bullish about AAPL stock. Our data shows that
hedge funds bought 11.1M shares of AAPL last quarter. Further,
Warren Buffett’s Berkshire Hathaway (
NYSE:BRK.A
)(
NYSE:BRK.B
)
bought more of AAPL stock in the last quarter, while BlackRock (
NYSE:BLK
) also
increased its holdings in AAPL.
Overall, Apple stock has a Neutral Smart Score of seven on TipRanks.
Is Amazon a Buy or Sell?
Currency headwinds, economic uncertainty, and higher inflation and interest rates continue to hurt Amazon’s
financial performance and price. While challenges persist in the short term, Amazon is poised to gain from its leadership positions in e-commerce and cloud computing. Further, the strength of its advertising unit is positive.
Among 39 analysts, 36 have rated it a Buy. Meanwhile, three analysts recommend Hold. Further, analysts’ average price target of $137.05 on AMZN stock reflects 35.48% upside potential.
Besides for analysts, hedge funds are also bullish about
AMZN stock. Hedge funds
bought 17.3M shares of AMZN last quarter. Meanwhile, AMZN has a
Neutral Smart Score of seven.
Is Tesla Stock Likely to Go Up?
The economic uncertainty and pressure on consumer spending will likely hurt the automotive industry and Tesla stock. However, Tesla CEO
Elon Musk’s positive commentary about demand and production indicates that Tesla could outperform the broader market.
Tesla stock has already gained about 74% year-to-date in 2023. Thus, the consensus 12-month price target of $202.46 suggests a downside of 5.5% over the next 12 months. It has received 22 Buy, six Hold, and three Sell recommendations for a Moderate Buy consensus rating.
While analysts are cautiously optimistic,
hedge funds sold 6.6M shares of TSLA in the last three months. TSLA stock has a Neutral Smart Score of nine.
Bottom Line
Valentine’s Day is over, but you can always gift something unique, like a stock, to your loved ones that will add to their financial freedom. AAPL, AMZN, and TSLA are solid long-term picks, making them attractive for gifting. However, due to the short-term headwinds, they carry a Neutral Smart Score on TipRanks.
Meanwhile, investors can leverage
TipRanks’ Experts Center tool to identify top stocks that can outperform the broader market averages.
Disclosure
The NASDAQ 100 Pre-Market Indicator is down -120.25 to 12,567.64. The total Pre-Market volume is currently 64,816,885 shares traded.The following are the most active stocks for the pre-market session: Tesla, Inc. (TSLA) is -0.82 at $213.42, with 3,628,215 shares traded. TSLA's c
Tesla Inc on Wednesday laid off dozens of employees from its Autopilot department at its Buffalo plant in New York, a day after workers launched a campaign to form a union, according to a complaint filed with a government agency.
This video will conduct a beginner-friendly financial statement analysis of Tesla (NASDAQ: TSLA) stock. Viewers will get an inside look at the facts and figures inside Tesla. Anyone interested in Tesla stock needs to see this video.
Tesla plans to slow production at its Shanghai plant in the last week of February to prepare for building a revamped version of its Model 3 sedan, according to a person with knowledge of the matter and a planning memo seen by Reuters.
You may have finished celebrating Valentine’s Day, but gifting something unique, like a stock that will enhance the financial well-being of your partner, shouldn’t be limited to a day. If you plan to gift shares, we recommend stocks that are the most held by investors who maintain Smart Portfolios on TipRanks. Using TipRanks’
TipRanks Smart Portfolio tool, we have selected Apple (
NASDAQ:AAPL
), Amazon (
NASDAQ:AMZN
), and Tesla (
NASDAQ:TSLA
).
Our data shows that AAPL is the most-held stock, followed by AMZN and TSLA. Further, 10.53% of the total Smart Portfolios hold AAPL stock, up 14.41% on average since last week. Meanwhile, 9.4% of the portfolios have AMZN and TSLA stocks, reflecting average increases in the past week of 40.81% and 19%, respectively.
These three stocks have a good chance of making your loved ones wealthier by the next Valentine’s Day. Holding these stocks for longer can be even more rewarding. Let’s dig deeper.
What’s the Prediction for Apple Stock?
Macro and currency headwinds, COVID-led challenges in China, and supply-chain issues weighed on Apple’s financials, which reported a 5%
decline in sales in Q1 of Fiscal 2023. Its
earnings of $1.88 per share came in below the Street's expectations.
Nevertheless, analysts see these short-term challenges to dissipate and highlight the strength in the Services segment and growing installed base of 2 billion active devices as a key growth driver.
Apple stock sports a Strong Buy consensus rating on TipRanks, reflecting 25 Buys and five Holds. Further, Wall Street’s average price target of $172.71 implies 11.19% upside potential.
Along with analysts, hedge funds are also bullish about AAPL stock. Our data shows that
hedge funds bought 11.1M shares of AAPL last quarter. Further,
Warren Buffett’s Berkshire Hathaway (
NYSE:BRK.A
)(
NYSE:BRK.B
)
bought more of AAPL stock in the last quarter, while BlackRock (
NYSE:BLK
) also
increased its holdings in AAPL.
Overall, Apple stock has a Neutral Smart Score of seven on TipRanks.
Is Amazon a Buy or Sell?
Currency headwinds, economic uncertainty, and higher inflation and interest rates continue to hurt Amazon’s
financial performance and price. While challenges persist in the short term, Amazon is poised to gain from its leadership positions in e-commerce and cloud computing. Further, the strength of its advertising unit is positive.
Among 39 analysts, 36 have rated it a Buy. Meanwhile, three analysts recommend Hold. Further, analysts’ average price target of $137.05 on AMZN stock reflects 35.48% upside potential.
Besides for analysts, hedge funds are also bullish about
AMZN stock. Hedge funds
bought 17.3M shares of AMZN last quarter. Meanwhile, AMZN has a
Neutral Smart Score of seven.
Is Tesla Stock Likely to Go Up?
The economic uncertainty and pressure on consumer spending will likely hurt the automotive industry and Tesla stock. However, Tesla CEO
Elon Musk’s positive commentary about demand and production indicates that Tesla could outperform the broader market.
Tesla stock has already gained about 74% year-to-date in 2023. Thus, the consensus 12-month price target of $202.46 suggests a downside of 5.5% over the next 12 months. It has received 22 Buy, six Hold, and three Sell recommendations for a Moderate Buy consensus rating.
While analysts are cautiously optimistic,
hedge funds sold 6.6M shares of TSLA in the last three months. TSLA stock has a Neutral Smart Score of nine.
Bottom Line
Valentine’s Day is over, but you can always gift something unique, like a stock, to your loved ones that will add to their financial freedom. AAPL, AMZN, and TSLA are solid long-term picks, making them attractive for gifting. However, due to the short-term headwinds, they carry a Neutral Smart Score on TipRanks.
Meanwhile, investors can leverage
TipRanks’ Experts Center tool to identify top stocks that can outperform the broader market averages.
Disclosure
Interest in using hydrogen fuel cells to power trucks and vans is getting a boost from fleet operators looking for a more practical alternative to electric vehicles and rising government aid, particularly the U.S. Inflation Reduction Act (IRA).
Electric vehicle maker Tesla Inc has sold out its Model Y for this quarter in the United States, with no more production builds until April, Electrek reported on Wednesday, citing sources familiar with the matter.