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The S&P 500 index hit a record high on Friday, boosted by gains in Nike and bank stocks, while weaker-than-expected inflation data eased worries about a sudden tapering in stimulus by the Federal Reserve.

Recessions can be scary for investors because the market can crash and, for some businesses, demand can drop like a rock. But not all businesses are affected the same way during a recession.

Believe it or not, Deere & Company (NYSE: DE) currently employs more software engineers than mechanical engineers. How is this possible? The farming industry is experiencing significant disruption. Innovative technology is enabling what is called "precision agriculture" to co

The battle between Advanced Micro Devices (NASDAQ: AMD) and Intel (NASDAQ: INTC) has long preoccupied tech investors. After decades of lagging its larger rival, AMD has benefited from a significant technical lead and faster growth rates under the leadership of CEO Lisa Su.

Things finally seem to be moving in the right direction for Nikola (NASDAQ: NKLA). Last month, the company signed a deal that could lead to an order of 100 trucks from Total Transportation Services. Nikola's stock is also gaining momentum and has risen significantly since the dea

Most stock splits are pretty straightforward affairs. A company announces a stock split and advises investors of how many additional shares they will receive, the record date of the transaction, and when the new shares will be distributed.

U.S. stock futures were trending higher on Friday as investors await the latest release of Personal Consumption Expenditures (PCE) data. The report is expected to provide additional information on the status of U.S. inflation and is also expected to weigh heavily on the Federal Reserve's next policy action.

Ahead of the open, Dow futures had risen 0.3%, while Nasdaq and S&P 500 futures were trading 0.1% higher at the time of writing.

51job Inc (JOBS), Carmax Inc (KMX), Concord Medical Services Holdings Ltd (CCM), Paychex Inc (PAYX), and Quhuo Ltd (QH), are among the companies expected to release their quarterly earnings today.

Torchlight Energy (TRCH) was the most actively traded stock at the time of writing and was looking to open around 6.5% higher. The spike comes as the prices of oil and natural gas, two commodities that underpin the company's core business, edge higher. The bullish momentum could also be attributed to Torchlight Energy emerging as a meme stock on social media in recent days.

Fuwei Films (FFHL) was the biggest gainer at the time of writing, exploding around 65%, on volume of approximately 1 million shares. The spike comes as the manufacturer and distributor of high-quality BOPER plastic films delivered impressive unaudited Q1 results. Net sales for the quarter were up 22.1% to $15.5 million. Net profit more than doubled to $4.8 million.

Condor Hospitality (CDOR) was the biggest loser in pre-market trading, tanking 10.5% at the time of writing. The slide comes just days after the company announced its board of directors is evaluating strategic alternatives aimed at enhancing shareholder value.

BlackBerry (BB) delivered solid first-quarter results that topped analysts' estimates. Revenue came in at $174 million compared to the $171.25 million expected but slid 16% year-on-year. On the other hand, net loss narrowed to $62 million, or $0.11 a share, compared to the $636 million loss reported in the same period last year.

BlackBerry Executive Chairman and CEO said, “This quarter we aligned the business around the two key market opportunities – IoT and Cyber Security. In IoT we are pleased with the strong progress of the auto business, despite global chip shortage headwinds.”

Nike (NKE) shares jumped 14% after the footwear and apparel company delivered a blowout fourth quarter. Revenue in the quarter jumped 96% to $12.3 billion, topping the Street's estimates of $11.1 billion. Earnings came in at $0.93 a share compared to a net loss of $0.51 a share reported the same period last year.

NIKE CEO John Donahoe said, “FY21 was a pivotal year for NIKE as we brought our Consumer Direct Acceleration strategy to life across the marketplace. Fueled by our momentum, we continue to invest in innovation and our digital leadership to set the foundation for NIKE’s long-term growth.”

FedEx (FDX) also reported strong fourth-quarter and annual results on the back of volume growth and disciplined revenue and portfolio management. Adjusted earnings nearly doubled to $5.01 a share, topping analysts' estimates of $4.99 a share. Revenue was up 30% to $22.56 billion, surpassing Street estimates of $21.51 billion.

Chairman and CEO of FDX Frederick W. Smith said, “We continue to play an important role in global economic recovery and the delivery of COVID-19 vaccines and relief supplies throughout the U.S., Canada and more than 35 other countries. I am optimistic about the future of FedEx as we continue to innovate for our customers and meet strong demand for our global transportation network and capabilities.”

In M&A news, eBay (EBAY) has reached an agreement to offload a majority stake in its Korean Business to Emart. The company is selling an 80.01% stake in G-9, G-Market, and IAC for $3 billion. It will retain a 19.9% stake in the business valued at about $0.8 billion.

eBay CEO Jamie Iannone stated, “This deal brings together two strong e-commerce and retail companies that can unlock tremendous potential in Korea and provide more choice for customers. We believe this move further optimizes our portfolio and creates value for eBay shareholders.”

Panasonic offloaded its shares in Tesla (TSLA) in the fiscal year ended March 2021, receiving $3.61 billion in the process. The company invested about $30 million in the EV giant in 2010, purchasing 1.4 million shares at $21.15 a share.

Few institutional investors have made a bigger splash than Cathie Wood over the past 1 1/2 years. The founder of the ARK Invest family of exchange-traded funds vaulted into notoriety in 2020, as funds like her ARK Innovation ETF (NYSEMKT: ARKK) posted huge returns by taking advan

Panasonic sold its shares in Tesla (TSLA) in the fiscal year ended March for about $3.61 billion, according to a Reuters report citing a Panasonic spokesperson. Tesla stock jumped 3.54% on Thursday to close at $679.82.

Panasonic invested about $30 million to purchase 1.4 million Tesla shares at for $21.15 a share in 2010. At the end of March 2020, the value of that stake had increased to $730 million.

Tesla has a battery supply arrangement with Panasonic and the stake sale will not affect the relationship, according to the report. But the report states that the sale comes as Tesla is diversifying its battery supply chain and that its relationship with Panasonic has been tense at times. Tesla has entered into battery supply deals with China’s CATL and South Korea's LG Energy Solution, Reuters reports. (See Tesla stock chart on TipRanks).

On June 23, Morgan Stanley analyst Adam Jonas maintained a Buy rating with a price target of $900 on Tesla stock. Jonas’ price target suggests 32.39% upside potential.

The analyst outlined eight reasons why Tesla should seek an aggressive expansion strategy. For example, since cars don’t ship like phones, Jonas noted the importance for Tesla to produce within key markets.

Additionally, the analyst believes that Tesla should aggressively reduce the price to prevent competition from big tech. Jonas further noted the importance of diversifying the supply chain outside of China.

Consensus among analysts is a Hold based on 9 Buys, 7 Holds, and 7 Sells. The average Tesla analyst price target of $620.70 implies 8.70% downside potential from current levels.

According to TipRanks’ Hedge Fund Trading Activity tool, confidence in TSLA is currently Positive. The cumulative change in holdings across all 16 funds that were active in the last quarter was an increase of 229,100 shares.

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As a U.S. bipartisan Senate infrastructure deal cheers world markets towards record highs, only a nasty surprise from a key U.S. inflation reading on Friday could prevent smooth sailing into the weekend.

Panasonic Corp sold shares in Tesla for about 400 billion yen ($3.61 billion) during the financial year ended March, a company spokesperson said on Friday.

Japan's Panasonic Corp sold all of its stake in Tesla Inc last fiscal year which helped it earn billions of dollars in proceeds to fund new investments, the Nikkei business daily reported on Friday.

Japan's Panasonic Corp sold all of its stake in Tesla Inc last fiscal year, in a move that likely earned it billions of dollars to fund new investments, the Nikkei business daily reported on Friday.

U.S. stock indexes set fresh records on Thursday and European shares closed near all-time highs, fueled by supportive U.S. jobless claims data and a breakthrough in infrastructure spending talks in Washington.

The Nasdaq and the S&P 500 indexes closed at record highs on Thursday, with the Dow also jumping almost 1% after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.

The Nasdaq and the S&P 500 indexes closed at record highs on Thursday, with the Dow also jumping after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.

The Nasdaq and the S&P 500 indexes hit all-time highs on Thursday, with the Dow also jumping, as U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.

What happened Shares of Tesla (NASDAQ: TSLA) have surged this week, rising more than 10% as of this writing. At one point during the week, the electric-car maker's shares were up a total of 11.9%.

A bipartisan $1.2 trillion infrastructure framework does not contain new money for electric vehicle rebates but would spend $15 billion to boost EV charging stations and buy electric school and transit buses, the White House said in a fact sheet.

What happened Tesla (NASDAQ: TSLA) rose on Thursday after CEO Elon Musk said he would strive to give the electric-vehicle maker's shareholders preference when a subsidiary of the privately owned SpaceX goes public. As of 12:55 p.m. EDT, Tesla's stock price was up more than 5%.