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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P 500 ETF Trust (Symbol: SPY) where we have detected an approximate $3 inflow -- that's a 0.5% increase week over week in outstanding unit

Rivian Automotive (NASDAQ: RIVN) was one of the market's hottest stocks when it went public in November of 2021. Its stock more than doubled from its initial public offering (IPO) of $78 to its all-time high of $172.01 just a week later. At the time, investors were impressed by i

Below is Validea's guru fundamental report for AMAZON.COM INC (AMZN). Of the 22 guru strategies we follow, AMZN 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 exhibi

We now have details about what hedge fund managers are doing with their money, and Michael Burry is one of the investors betting big on Chinese stocks. In this video, Travis Hoium covers where he's buying and what he was selling in the first quarter of 2024.

International Business Machines (NYSE: IBM) has found its footing in the AI market by focusing on enterprise customers with complex requirements. The company's watsonx platform caters to companies and organizations that need to train, tune, and deploy AI applications while mindin

Target (NYSE: TGT) is trying to move into the membership business by leveraging its large base of credit card users and digital products. However, the company has failed to make the system efficient and delightful for consumers, undermining the strategy. In this video, Travis Hoi

Although Roku (NASDAQ: ROKU) shares are up 51% since the start of 2023, a gain that benefited from the rise of the overall stock market, they're down a notable 33% this year (as of May 17). Investors weren't too happy with the guidance that management provided in the latest finan

In case you missed it, what's arguably the most important data release of the second quarter occurred last week -- and I'm not talking about the monthly inflation report from the Bureau of Labor Statistics.

Target (NYSE: TGT), the second-largest discount chain in the U.S., is scheduled to report its fiscal first-quarter results on Wednesday, May 22. We expect Target’s stock to likely trade higher past Q1 results due to revenues and earnings beating expectations. Target’s

I’m bearish on Tesla ( NASDAQ:TSLA ), and I can’t help but think that Elon Musk’s announcement regarding the unveiling of a Robotaxi on August 8 is something of a distraction. So, why would Musk be distracting us? Well, vehicle sales are slowing, margins are falling, and Tesla’s dominance in the electric vehicle (EV) segment is over. Plus, the stock’s valuation is high. This is why I’m bearish on TSLA stock, but I don’t expect it to move much until we know what Musk has in store for us on August 8. TSLA stock has fallen by 13.5% in the past three years. Tesla’s Performance Is Underwhelming In Q1, Tesla reported a 9% decline in quarterly revenue — the steepest year-over-year decline since 2012 — and a 48% decrease in adjusted profit. The company’s adjusted earnings per share (EPS) came in at 45 cents versus the expected 49 cents. Also, revenue for the quarter fell to $21.3 billion — less than the $22.2 billion the market had anticipated. Revenue fell both on a year-over-year basis and sequentially. Meanwhile, net income dropped 55% to $1.13 billion from $2.51 billion a year ago. On a non-adjusted basis, net income per share fell from 73 cents a year ago to 34 cents in Q1 2024. Moreover, in an increasingly competitive market, Tesla’s price cuts negatively impacted margins with no obvious end in sight. However, Musk also pointed to unforeseen challenges as a reason for the company’s underperformance. “We navigated several unforeseen challenges as well as the ramp of the updated Model 3 in Fremont. As we all have seen, the EV adoption rate globally is under pressure, and a lot of other order manufacturers are pulling back on EVs and pursuing plug-in hybrids instead. We believe this is not the right strategy, and electric vehicles will ultimately dominate the market,” Musk said in the Q1 earnings call. Am I Underestimating Tesla’s AI Potential? In Q1, Tesla’s free cash flow turned negative. The Austin-based company reported a deficit of $2.53 billion, representing a significant change from a year ago when Tesla had a free cash flow of $441 million. In the fourth quarter of 2023, Tesla reported free cash flow of $2.06 billion. Tesla explained that the negative cash flow was due to a $2.7 billion increase in inventory and $1 billion in capital expenditures on artificial intelligence (AI) infrastructure. AI is certainly the buzzword of investing at this moment in time, and I don’t believe that it’s overused. However, some analysts are arguing that investors shouldn’t be valuing Tesla as a car company but as a tech company at the forefront of AI.  I’m a little skeptical about this, even though I appreciate that Tesla has AI capabilities in areas like manufacturing, the Tesla Bot, and energy trading. So far, though, I’m yet to be convinced that these are parts of the business with revenue-generating capacity that is remotely comparable with car production.  Of course, the AI-enabled Robotaxi could change my opinion. The question is whether Tesla has really managed to achieve a quantum leap in autonomous technology. This would truly put Tesla in the driving seat and establish its dominance in the autonomous segment.   The growth of the Robotaxi segment would also open up another revenue-generating segment, which does look highly attractive. Autonomous cars require lots of computational power, but that power would only be used when the vehicle is active. This means these impressive computers will only be used a fraction of the time. Similar to Amazon ( NASDAQ:AMZN ) Web Services, Tesla could sell this spare capacity and create a new and potentially sizeable revenue stream. “It seems like kind of a no-brainer to say, OK, if we’ve got millions and then tens of millions of vehicles out there where the computers are idle most of the time that we might well have them do something useful,” Musk said in the Q1 results call, adding that Tesla could have 100 gigawatts of “useful compute.” Tesla’s Valuation and Musk’s Promises Musk has a habit of overpromising and underdelivering. So, this is why I remain bearish on Tesla. I’ve yet to see evidence that Tesla is about to drop a fully autonomous vehicle, which happens to have spare computational capacity that can be used and sold as part of some Tesla cloud. This wouldn’t be a problem if Tesla’s valuation was in line with its peers. However, Tesla is currently trading around 70x forward earnings. What’s more, analysts clearly aren’t convinced that growth will pick up in the medium term, with a price-to-earnings-to-growth ratio of 5.75x. For now, the promise of an autonomous vehicle appears to be keeping the share price elevated despite the lack of concrete information. All eyes, therefore, are on August 8. I believe the stock could tread water until then. Is Tesla Stock a Buy, According to Analysts? On TipRanks, Tesla comes in as a Hold based on nine Buys, 15 Holds, and nine Sell ratings assigned by analysts in the past three months. The average Tesla stock price target is $174.60, implying 6.4% downside potential. The Bottom Line on Tesla Stock Personally, I’m skeptical as to whether Tesla has really made a breakthrough in autonomous vehicles. Nonetheless, I accept that Robotaxi and fully autonomous vehicles, in general, have huge potential. This potential isn’t limited to the road but also, as Musk discussed, the ability to sell unused computing power to the rest of the market. However, at 70x forward earnings, I simply can’t put my money behind Tesla. Disclosure

Many groups are piling into gold, including central banks and sovereign governments. Gold has also become very popular among individual Chinese investors and family offices that cater to the global rich. Most of these investors choose physical gold. That's what famed investor Michael Burry did. But instead of the GLD ETF, he opted for another physical gold ETF - PHYS. Find out why.

Tech stocks were mixed Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.2% and the SPDR S&P Semiconductor ETF (XSD) down 0.5%.

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It's the gift that keeps on giving. As Rule Breaker Investing celebrates David Gardner's birthday, we'd like to thank you for all the notes, emails, and tweets summarizing the lessons that matter most to you.

Amid rumblings of a deal with Elon Musk's xAI, Oracle shares are up 7% over the past week.

According to Amazon's (NASDAQ: AMZN) most recent U.S. Securities and Exchange Commission (SEC) filings, Jeff Bezos beneficially owns approximately 1.12 billion shares of the company's stock, giving him a 10.8% stake in the business. As you might expect, this makes Bezos Amazon's

Below is Validea's guru fundamental report for AMAZON.COM INC (AMZN). Of the 22 guru strategies we follow, AMZN 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 exhibi

Netflix’s NFLX highly anticipated crime thriller series, The Victims’ Game, is set to return for a second season on Jun 21, after a four-year wait. This series, renewed by Netflix, promises a new season filled with unexpected and

For Immediate ReleasesChicago, IL – May 21, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the finan

The last several weeks have been a roller-coaster ride for many tech investors. The Nasdaq Composite declined through most of April but has come roaring right back in May. The index is now sitting at all-time highs, up 11% year to date after rallying for much of 2023 as well.