Shares of Tesla (TSLA) continued to decline Tuesday, falling below the $400 mark as investors reassessed the company’s pricing strategy and broader growth outlook. The stock dropped 3.5% to around $395.25 in early trading, extending Monday’s 2.9% decline and marking a sharp reversal from Tesla’s recent rally tied to optimism around autonomous driving and expansion… Continue reading Tesla stock slumps over 3% to sink below $400: what happened?
stocktrader
India’s scorching summer likely to push power demand even higher
India’s power demand has surged to fresh records this week as a brutal heatwave grips much of the country, pushing electricity consumption to levels never seen before. Bloomberg reported that peak demand hit 260.45 gigawatts (GW) on Tuesday, May 19, surpassing the previous day’s record of 257.4 GW. The back‑to‑back milestones highlight both the intensity… Continue reading India’s scorching summer likely to push power demand even higher
From ServiceNow to Salesforce: why are software stocks rallying today?
Software stocks rallied sharply on Tuesday, extending a rebound in a sector that had come under intense pressure this year amid concerns that artificial-intelligence agents could threaten traditional enterprise software providers. In US, shares of enterprise software companies moved broadly higher, with ServiceNow (NOW) leading gains after a strong rally in the previous session. The… Continue reading From ServiceNow to Salesforce: why are software stocks rallying today?
SCHD, JEPI, or bonds: better buy as 10-year bond yield surges?
Income-focused investors are in a real dilemma as government bond yields surge amid the rising inflation rate in the United States. Do they invest in the blue-chip Schwab US Dividend Equity ETF (SCHD) or invest in the higher-yielding JPMorgan Premium Income ETF (JEPI). JEPI, SCHD, and 10-year government bonds Bond investors argue that yields are… Continue reading SCHD, JEPI, or bonds: better buy as 10-year bond yield surges?
Here’s why Plug Power stock may jump to $5 soon
Plug Power, a company that was on the verge of bankruptcy, has staged a strong comeback this year and is beating the broader market. It has jumped by 51% this year and by over 330% in the last 12 months. This surge has brought its market cap to over $5.3 billion, even as the short… Continue reading Here’s why Plug Power stock may jump to $5 soon
CoreWeave stock falls 4%: why Google Blackstone deal is bad for the stock?
Shares of CoreWeave (CRWV) fell in Tuesday premarket trading after Google and Blackstone unveiled a major artificial intelligence cloud infrastructure partnership that investors viewed as a potential competitive threat to the fast-growing neocloud sector. CoreWeave stock dropped 4.3% in early trading alongside shares of Nebius Group as markets assessed the implications of the new joint… Continue reading CoreWeave stock falls 4%: why Google Blackstone deal is bad for the stock?
UK stocks rise as weak labour data eases rate hike concerns
UK equities moved higher on Tuesday after weaker labour market data eased concerns over an immediate interest rate hike from the Bank of England. The blue-chip FTSE 100 index rose 0.61% as of 11:13 am GMT, while the midcap FTSE 250 climbed 0.81%. Fresh labour market data from the UK tax office showed that payrolls… Continue reading UK stocks rise as weak labour data eases rate hike concerns
Intuit stock forecast ahead of earnings: will it jump or crash?
Intuit stock price has moved sideways in the past few days as investors wait for its financial results, which will provide more information about its business amid the fears of AI disruption. INTU, the biggest accounting software company in the world, was trading at $403, down from the all-time high of $812. Intuit to publish… Continue reading Intuit stock forecast ahead of earnings: will it jump or crash?
Analog Devices stock: earnings preview amid Empower buyout rumors
Analog Devices stock price has jumped by 52% this year and by 87% in the last 12 months, beating the broader market. This rally will be put to the test on Wednesday when it releases its financial results. It may also announce the Empower announcement as soon as today. Analog Devices may acquire Empower ADI… Continue reading Analog Devices stock: earnings preview amid Empower buyout rumors