CNBC’s Jim Cramer said he’s never received more executive feedback on a “Mad Money” segment than he has for his Thursday night commentary in which he booted Tesla from the “Magnificent Seven” after the electric vehicle maker’s disappointing earnings report and 2024 outlook. “I’ve been doing a show for 19 years. … This was the … Read more
Jonathan Raa | Nurphoto | Getty Images Bitcoin pushed higher to end the week as investors took some comfort in the idea that outflows from the Grayscale Bitcoin ETF (GBTC) could be starting to taper off. The price of the cryptocurrency climbed more than 5% to $41,828.37 according to Coin Metrics, bringing its weekly gains … Read more
Tesla’s stock faces plenty of downside as the automaker’s strategy of slashing vehicle prices eats into profits without translating into substantially higher revenue, according to JPMorgan. Analyst Ryan Brinkman cut JPMorgan’s stock price target for Tesla through December 2024 by about 4% to $130, which would imply about 30% downside from Thursday’s close of $182.63. … Read more
There’s another reason to be bullish on Royal Caribbean , according to several Wall Street analysts. The cruise line held an investor meeting on its newest mega ship, Icon of the Seas, over the weekend and the reaction was positive. The vessel officially debuts Jan. 27. Morgan Stanley analyst Jamie Rollo called Icon of the … Read more
Bitcoin extended its recent declines on Tuesday, falling further below $40,000 to its lowest level since the beginning of December. The price of the cryptocurrency was last lower by more than 3% at $38,840.93, adding to its 4% loss from the previous day, when the coin briefly dipped below $40,000 for the first time this … Read more
We don’t know what we want. This week, we will find out what it is that will propel us forward or turn us back after the S & P 500 on Friday closed at a new record high for the first time in more than two years. For example, we have three rails that report … Read more
Ford ‘s plans to reduce production of its all-electric pickup and increase production on popular legacy vehicles will allow the automaker to secure better profits and narrow EV losses. Ford announced Friday it’s reducing production of its F-150 Lightning all-electric pickup truck, starting April 1, due to slowing demand for EVs. The automaker said the … Read more
Elon Musk’s apparent ultimatum to Tesla ‘s board of directors to acquire more control of the automaker could negatively weigh on its stock, analysts say. Musk posted on his social media platform X, formerly known as Twitter, on Monday that he was uncomfortable turning Tesla into an artificial intelligence and robotics leader without having 25% … Read more
Wall Street sees opportunities for legacy automakers like Ford to stand out in 2024 despite the challenges the industry faces as demand for electric vehicles softens. Ford could make for a successful year by doing two things: continuing its strategic shift toward more profitable hybrids instead of heavy investments in less lucrative EVs and improving … Read more
Bitcoin exchange-traded funds have arrived after a hard-fought battle between the crypto industry and the U.S. Securities and Exchange Commission. Larry Fink, CEO of BlackRock — the biggest asset manager in the world — thinks it’s just the first step toward a new financial world. ETFs were seen as a way to give investors exposure … Read more
