Nasdaq TSLA Tesla

Calendar spreads are an option trade that involves selling a short-term option and buying a longer-term option with the same strike.

December S&P 500 futures (ESZ23) are trending down -0.34% this morning as uncertainties lingered in the Middle East, and investors weighed the possibility of further rate hikes by the Federal Reserve while eagerly awaiting earnings results from U.S. heavyweights Tesla and Netflix.

(RTTNews) - Tesla Inc. (TSLA) will host a conference call at 5:30 PM ET on October 18, 2023, to discuss Q3 23 earnings results. Tesla is scheduled to report results on Wednesday, October 18, after market close.

Futures for Wall Street's main indexes dipped on Wednesday as growing tensions in the Middle East spurred demand for safe-haven assets, while investors monitored earnings reports for impact of inflation and higher interest rates.

For Immediate ReleaseChicago, IL – October 18, 2023 – Today, Zacks Investment Ideas feature highlights S&P 500 Index ETF SPY, Nvidia NVDA, Semiconductor ETF SMH, Advanced Micro Devices AMD and Tesla TSLA.

Taking a buy-and-hold approach to great stocks can be a path to life-changing returns. To demonstrate the power of long-term investing, two Motley Fool contributors have profiled companies that turned even modest investments into incredible sums.

When the going gets tough on Wall Street, investors have a tendency to turn their attention to time-tested businesses with a history of outperformance. For the past decade, the FAANG stocks have fit this definition perfectly. But over the past two years, it's companies enacting s

Global shares steadied on Wednesday, while unease among investors about the risk of a widening conflict in the Middle East translated into a rise in the price of oil and gold.

Britain will host the world's first global artificial intelligence (AI) safety summit next month, aiming to carve out a role following Brexit as an arbiter between the United States, China, and the European Union in a key tech sector.

Asian shares steadied on Wednesday as Chinese economic data suggested Beijing's stimulus measures might finally be gaining traction, only to be overshadowed by fears of a widening conflict in the Middle East that lifted oil prices.

The latest batch of economic data from China surprised by beating forecasts, but was unfortunately overshadowed by fears of a widening conflict in the Middle East following the Gaza hospital blast.

Asian shares steadied on Wednesday after Chinese economic data suggested Beijing's stimulus measures might finally be gaining traction, though a blast at a Gaza hospital dealt a blow to hopes for containing the conflict there.

Asian shares stuttered on Wednesday as a blast at a Gaza hospital dealt a blow to hopes for containing the crisis, while bonds nursed heavy losses as strong U.S. retail data argued for a punishingly long stretch of high rates.

(RTTNews) - EV maker Tesla (TSLA) will recall certain 2021-2023 Model X vehicles, according to the National Highway and Traffic Safety Administration (NHTSA).

Undeniably, online used-car dealership Carvana ( NYSE:CVNA ) sparked an astonishing rally this year against wild odds. However, cracks are finally starting to appear on its seemingly impregnable armor. Amid recent analyst downgrades and unfavorable broader industry shifts, speculators need to be careful about excessive exposure. Therefore, I am bearish on CVNA stock. Experts Weigh in on CVNA Stock Since the start of the year, CVNA stock has managed to return 650%. Earlier this year, the financial narrative focused on its prolific cash burn as well as its massive debut accumulation. Therefore, bankruptcy hardly seemed a remote possibility. Still, speculation alone can’t sustain a fundamentally flawed enterprise, which is where the experts come in. Late last week, Exane BNP Paribas analyst Chris Bottiglieri downgraded CVNA stock to Neutral from Outperform with a $37 price target. In particular, the market expert cited reduced confidence in unit growth. If so, Carvana shares will likely not be able to generate the robust returns that speculators have come to expect. As anyone can see with the rise and fall of the original meme stocks, when sentiment fades for these high-risk wagers, the rush to the exits tends to be intense, and the main worry is that the dynamic will be permanent. A little more than a week prior to Bottiglieri’s downgrade, JPMorgan analyst Rajat Gupta – while raising the price target on CVNA stock to $25 (from $20) – maintained an Underweight rating, the equivalent of a Sell. It’s also worth pointing out that the $25 target still represents 26% downside risk against last Friday’s closing price. As well, within the past one-year period, only one analyst assigned a Buy rating for Carvana. Otherwise, the predominant sentiment – even with the skyrocketing of CVNA stock – has been the equivalent of a noncommittal Hold. Fundamentals Cloud Carvana’s Narrative In all fairness, while analysts’ opinions are important for their experience, acumen, and influence, they shouldn’t represent the sole catalyst for making an investment decision. They’re experts, but they’re also human. What truly makes CVNA stock a worrisome idea are the underlying fundamentals for the used-car retail segment. Basically, an influx of supply may put pressure on the industry. According to a UBS report, analysts estimate that worldwide auto production may overtake sales in the sector by 6% this year. If so, that might yield an excess of five million vehicles that will probably require price cuts to avoid the prospect of sitting inventory. Further, the cuts may materialize in the back half of this year. What’s more, automakers are already preparing for a price war. It’s not just empty speculation. Earlier this year, Tesla ( NASDAQ:TSLA ) began slashing prices on its popular EV models, leading to competitor responses. If such actions replicate themselves in the used-car market, only the stoutest enterprises will survive. That doesn’t describe Carvana, irrespective of its progress in the charts. For example, in the second quarter of Fiscal 2023, Carvana posted total revenue of $1.96 billion, down heavily from the $3.88 billion posted in the year-ago quarter. However, when it came to the bottom line, it printed a net loss of $58 million. Yes, the company sharply pared the net loss of $238 million from one year ago. Still, this is an enterprise that needs the winds to move with it, not against it. A price war that negatively affects industry profits simply isn’t what CVNA stock needs right now. The Consumer Economy Doesn’t Help Another factor that threatens the viability of CVNA stock is the underlying consumer economy. According to data from S&P Global Mobility, the average age of passenger vehicles on U.S. roadways hit 12.5 years this year, a new record. Further, the average age for sedans jumped to 13.6 years. Facing a potential price war, Carvana must also manage a declining total addressable market. Due to broader economic pressures, people are determined to drive their cars until the wheels fall off. That mentality just won’t help CVNA stock. Is CVNA Stock a Buy, According to Analysts? Turning to Wall Street, CVNA stock has a Hold consensus rating based on one Buy, 12 Holds, and four Sell ratings. The average CVNA price target is $41.06, implying 18.2% upside potential. The Takeaway: Time May Have Run Out for CVNA Stock While Carvana’s stratospheric rise caught many observers by surprise, a flawed enterprise can only cheat gravity for so long. That seems to be the case with CVNA stock, which has seen its armor crack in recent sessions. Further, a potentially upcoming price war might put a cruel end to this automotive Cinderella tale. Disclosure

Pre-election seasonality weakness trends played out in spades for US equities in the months of September and October. The S&P 500 Index ETF (SPY), the most widely followed and heavily traded US equity ETF, gave back 1.77% in A

For the first time in several years, there is no more FAANG or FANGMAN to talk about during the earnings season. It has been retired from the lexicon and has been replaced with the “Magnificent 7.”

Tesla TSLA is set to release third-quarter 2023 results tomorrow, after the closing bell. The focal point of the electric vehicle (EV) manufacturer’s earnings release will be its vehicle production and deliveries. Though third-qua

U.S. stocks dipped and benchmark Treasury yields surged on Tuesday as robust economic data and strong third-quarter earnings appeared to make the case for the Federal Reserve keeping restrictive policies in place for longer than expected.

Electric vehicle manufacturer Tesla on Tuesday urged the Biden administration to finalize much tougher fuel economy standards through 2032 than U.S. regulators have proposed.