Nasdaq TSLA Tesla

Tesla's supercomputer, Dojo, to train AI models for autonomous cars could give the electric vehicle maker an "asymmetric advantage" and boost its market capitalization by nearly $600 billion, or 76%, Morgan Stanley estimated.

Tesla's supercomputer, Dojo, to train AI models for autonomous cars could give the electric vehicle maker an "asymmetric advantage" and boost its market capitalization by nearly $600 billion, or 76%, Morgan Stanley estimated.

The past couple of days have been rotten for Apple (NASDAQ: AAPL). The stock was punished after reports indicated the Chinese government ordered some agencies not to use iPhones at work (or even bring them to the office), according to a report that first appeared in The Wall Stre

I often hear people say, "I'll start buying stocks once I save up X amount of money." And that amount usually is in the thousands of dollars. Their idea is you need to invest a pretty big sum in order to win in the stock market. But I've got great news for you: That actually isn'

Investors looking for safer bets during the ongoing macro uncertainty can consider several mega-cap stocks that can deliver attractive long-term returns. Mega-caps are stocks with a market capitalization of over $200 billion. These stocks are associated with large, well-established companies with solid track records and are among the leading players in their respective industries. Using TipRanks’ Stock Comparison Tool, we placed Amazon ( NASDAQ:AMZN ), Costco ( NASDAQ:COST ), and Tesla ( NASDAQ:TSLA ) against each other to find the most attractive mega-cap stock as per Wall Street analysts.     Amazon (NASDAQ:AMZN) Amazon smashed analysts’ second-quarter earnings expectations, driven by the company’s productivity measures and an 11% rise in its revenue. The company reported earnings per share (EPS) of $0.65 compared with a net loss per share of $0.20 in the prior-year quarter. Despite macro pressures, Amazon’s retail business performance reflected strength in the second quarter, with sales of both North American and International segments rising 11%. Moreover, sales of the company’s Amazon Web Services’ (AWS) cloud business increased 12% and fared better than expectations. Enterprises pulled back their cloud spending in recent quarters due to macro pressures. However, Amazon said that AWS growth in the second quarter stabilized as customers started shifting from cost optimization to new workload deployment. The company added that AWS continues to strengthen its leadership position in the cloud with many generative artificial intelligence (AI) releases that will help companies train and run AI models and build generative AI applications in a more cost-effective manner. Interestingly, revenue from the company’s emerging advertising business grew 22% and also beat estimates. Overall, Amazon delivered impressive growth across all its segments and also impressed investors with a Q3 2023 revenue growth outlook of 9% to 13%.         Is Amazon Stock a Buy or Sell? On August 21, Wedbush analyst Michael Pachter added Amazon stock to his firm's "Best Ideas List," as he believes that the backdrop for the company is beginning to strengthen due to better or stabilizing growth across its e-commerce, advertising, and web services verticals. The analyst believes that Amazon's core business has been underappreciated in recent quarters and the company is now well-positioned with an industry-leading fulfillment infrastructure. Pachter has a Buy rating on AMZN stock and a price target of $180. Wall Street’s Strong Buy consensus rating on Amazon stock is based on 39 Buys and one Hold. The average price target of $175.63 implies 27.1% upside. Shares have risen 65% year-to-date. Costco (NASDAQ:COST) Low-cost retailer Costco is known for its consistent performance and the ability to navigate challenging markets. The membership warehouse operator boasts a loyal customer base. At the end of the fiscal third quarter, Costco’s U.S. and Canada membership renewal rate was 92.6% while the worldwide rate was 90.5%. Meanwhile, for the retail month ended August 27, Costco’s net sales increased 5% to $18.4 billion and comparable sales were up 3.4%. However, e-commerce sales declined in August. Nonetheless, the overall top-line growth improved in August compared to July and the fiscal third quarter.      Is COST Stock a Buy or Sell? On August 31, D.A. Davidson analyst Michael Baker reiterated a Hold rating on Costco with a price target of $478, noting that the retailer’s August sales showed a second month of acceleration in a row after negative prints in May and June. That said, the analyst pointed out the July comparable sales growth saw a 75 basis points benefit in the U.S. from a July 4th shift, and when adjusted for this tailwind, August and July comparable sales growth rates were only 60 basis points apart. The analyst said that he is looking for a better entry point, given that Costco stock is trading at a premium of 35.2 times earnings multiple compared to consensus estimates for the next 12 months. With 17 Buys and three Holds, Costco claims a Strong Buy consensus rating. At $588.84, the average price target implies nearly 7% upside. Shares have risen about 21% so far in 2023. Tesla (NASDAQ:TSLA) Shares of electric vehicle (EV) maker Tesla have recovered strongly after last year’s slump and have rallied about 108% so far in 2023. However, CEO Elon Musk’s aggressive price cuts to spur volumes have sparked concerns about the impact on the company’s operating margin. While the company’s second-quarter results exceeded expectations, its operating margin declined 493 basis points year-over-year to 9.6%. This was Tesla’s lowest quarterly operating margin in at least the last five quarters.   During the Q2 2023 earnings call, Musk dismissed concerns about short-term variances in gross margin and profitability, saying that vehicle autonomy “will make all of these numbers look silly.” However, several analysts remain cautious due to the growing competition in the EV space.   What is the Price Target for TSLA? On August 30, Guggenheim analyst Ronald Jewsikow noted that Tesla's U.S. inventory trends indicate that supply is running ahead of demand. He believes that quarter-to-date U.S. inventory is a clear indicator that the domestic demand is lagging behind production at the current run rate supply. While summer production shutdowns may limit the near-term requirement for price cuts, the analyst feels that the magnitude of downtime remains unclear. Jewsikow lowered his estimates and reiterated a Sell rating on Tesla stock with a price target of $125. Overall, Wall Street has a Hold consensus rating on TSLA stock based on 11 Buys, 13 Holds, and five Sells. The average price target of $266.73 suggests 7.3% upside potential.   Conclusion Wall Street is highly bullish on Amazon and Costco, while it is sidelined on Tesla following a stellar year-to-date rally. Analysts see higher upside potential in Amazon stock than Costco. Amazon’s leadership in e-commerce, the dominance of AWS in cloud computing, and the solid prospects for the company’s advertising business make it an attractive long-term mega-stock pick. Disclosure 

The United Auto Workers union is leveraging the power of social media to attract public support in demanding substantial wage increases for hourly workers as a deadline looms with the Detroit Three automakers.

Tesla (NASDAQ: TSLA) stock has more than doubled in 2023, which is a massive move for a company that size. But since the beginning of 2022, Tesla is still down 27%, which shows how far the stock fell last year.

Elon Musk's X Corp sued California on Friday over a state law establishing new transparency rules for social media companies, requiring them to publish their policies for policing disinformation, harassment, hate speech and extremism.

ChargePoint Holdings (NYSE: CHPT) reached a tipping point on Thursday, falling as much as 29.8% intraday to a new all-time low before making up about half of those losses.

Elon Musk's X Corp sued California on Friday, challenging the constitutionality of a state law establishing new transparency requirements for social media companies, including how they police disinformation, hate speech and extremism.

Congress next week will hold three hearings on artificial intelligence, including one with Microsoft President Brad Smith and Nvidia chief scientist William Daly as Congress works on legislation to mitigate the dangers of the emerging technology.

The S&P 500 and Nasdaq rose on Friday as megacaps including Apple and Tesla gained ahead of a fresh inflation reading next week that will provide further clues on the U.S. interest rate trajectory.

Nikola (NASDAQ: NKLA) initially impressed the bulls when it went public by merging with a special purpose acquisition company (SPAC) on June 3, 2020. The electric-semitruck maker's stock started trading at $37.55 on its first day as a combined company and more than doubled to its

The NASDAQ 100 Pre-Market Indicator is up 15.3 to 15,273.82. The total Pre-Market volume is currently 34,804,588 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro Short QQQ (SQQQ) is +0.06 at $18.67, with 2,370,681 shares trade

Investors may understandably feel confused about what to make of Zoom Video Communications (NASDAQ: ZM) stock. Investors ran up Zoom stock during the pandemic peak and then sold it off. After several periods of buying and selling, it trades at an 88% discount to its all-time high

The long-term tailwinds for electric vehicles (EVs) are as strong as ever. But investor excitement for EV stocks, and EV charging stocks, has taken a dive as valuations have compressed and a challenging business climate has dampened the short-term trajectory of EV adoption.

China's passenger vehicle sales returned to growth in August from a year earlier, as further price cuts and new tax breaks for electric vehicles and other green cars boosted consumer sentiment, despite the struggling broader economy.

The tech sector is back in 2023, riding the excitement regarding AI and other technological advances to massive gains. The Technology Select Sector SPDR ETF ( NYSEARCA:XLK) , which invests in the technology sector of the S&P 500 ( SPX ), has returned a scintillating 42.6% year-to-date. But this type of stellar performance is nothing new for this top tech ETF, which has been rewarding its investors with excellent returns for many years. So, let’s take a look at this long-term winner that is still attractive.   Stellar Track Record XLK has established itself as a consistent, long-term winner. How good has XLK’s performance been over the years?  As of the end of the most recent quarter, XLK put up an impressive annualized total return of 19.5% over the past three years. Zooming out to five years and 10 years, the fund has managed to return over 20% on an annualized basis over each time frame, with outstanding total annualized returns of 21.5% over the past five years and 20.7% over the past 10 years. These returns are great on their own accord, but how do they stack up against the broader market over the long term? As of the end of the most recent quarter, the Vanguard S&P 500 ETF ( NYSEARCA:VOO) , a good proxy for the S&P 500, returned 14.6% on an annualized basis over the past three years. Over the past five years, it has returned 12.3% on an annualized basis, and over the past 10 years, it has posted an annualized return of 12.8%. These are solid returns, but XLK’s returns over each of the three time frames are superior, putting it among one of the rare ETFs that can say it has decisively beaten the market over the long run. A Cost-Effective Option XLK has given investors a market-beating performance over the past decade, and it does so for a very reasonable price, with an expense ratio of just 0.10%. This means that an investor putting $10,000 into XLK today would pay just $10 in fees in year one. Assuming the ETF returns 5% per year going forward and the fee remains 0.10%, this same investor would pay a reasonable $128 in fees over the course of the next 10 years.  It's worth noting that XLK's expense ratio is significantly lower than that of the Invesco QQQ Trust ( NASDAQ:QQQ) , the largest and most popular tech-centric ETF, which charges a still-reasonable 0.20%.   XLK's Holdings  XLK sports 67 holdings, covering the technology sector of the S&P 500. Below, you’ll find an overview of XLK’s top 10 holdings from TipRanks’ holdings tool. Despite the fact that it has 67 holdings, this is a fairly concentrated fund, as its top 10 holdings account for 69.5% of assets, and its top two holdings, Apple ( NASDAQ:AAPL ) and Microsoft ( NASDAQ:MSFT ), combine to make up more than 44%. This isn’t necessarily a bad thing, but investors should be aware that XLK has a lot of exposure to these two stocks.  Part of the reason that XLK has outperformed the market over the years is that its top holdings include some of the most innovative companies in the U.S. market (not to mention globally), creating the products, technologies, and applications that have revolutionized the way many people work and live their day-to-day lives. This is true whether it’s consumer-facing products from the likes of Apple and Microsoft, enterprise-facing products from Adobe ( NASDAQ:ADBE ), Salesforce ( NYSE:CRM ) and Oracle ( NYSE:ORCL ), or the semiconductor companies that make many of these applications possible, like Nivida ( NASDAQ:NVDA ), Broadcom ( NASDAQ:AVGO ) and Advanced Micro Devices ( NASDAQ:AMD ).  You may notice that several big names are conspicuously absent from XLK’s portfolio. The likes of Amazon ( NASDAQ:AMZN ), Meta Platforms ( NASDAQ:META ), Alphabet ( NASDAQ:GOOG ) ( NASDAQ:GOOGL ), and Tesla ( NASDAQ:TSLA ), are not part of XLK’s portfolio. This is because while we often think of them as tech stocks, the S&P index classifies Meta Platforms and Alphabet within communications services, and they can be found within the Communication Services Select Sector SPDR Fund ( NYSEARCA:XLC) . Meanwhile, Amazon and Tesla are classified as consumer discretionary companies and can be found within the Consumer Discretionary Select Sector SDPR Fund ( NYSEARCA:XLY) , where they combine to make up more than 40% of the fund’s holdings. An Outperform Smart Score Rating TipRanks’ Smart Score system rates XLK’s top holdings highly. The Smart Score is a proprietary quantitative stock scoring system created by TipRanks. It gives stocks a score from 1 to 10 based on eight market key factors. A score of 8 or above is equivalent to an Outperform rating. As you can see in the table above, an impressive eight out of XLK’s top 10 holdings have Outperform-equivalent Smart Scores of 8 or higher. XLK itself features an Outperform-equivalent ETF Smart Score of 9.  Is XLK Stock a Buy, According to Analysts?  Turning to Wall Street, XLK earns a Moderate Buy consensus rating based on 55 Buys, 12 Holds, and no Sell ratings assigned in the past three months. The average XLK stock price target of $199.81 implies 15.9% upside potential. Looking Ahead XLK has put up a banner performance in 2023. Still, this outstanding performance is nothing new -- it is one of the rare ETFs that has soundly beaten the broader market over a long period of time. The ETF enjoys favorable views from analysts and an excellent rating from TipRanks’ Smart Score System. However, investors should be aware that while XLK owns many of today’s tech companies, it doesn’t own some of the archetypical technology stocks like Meta Platforms or Amazon, as these are grouped into different sectors by the S&P. Nevertheless, XLK’s investor-friendly expense ratio, impeccable track record, and strong portfolio of top technology companies make it look like a solid long-term bet.  Disclosure

Ghana's sovereign wealth fund will invest almost $33 million in a lithium mine in the country and take a minority stake in its developer Atlantic Lithium, the company said on Friday.

Tech stocks were lower late Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) declining 1.4% and the Philadelphia Semiconductor index falling 1.8%.