This year, the valuations of many electric car stocks slumped. One that struggled mightily at times was Rivian (NASDAQ: RIVN). At the start of 2024, shares were priced above $20. Last month, they fell below the $10 mark. Then something extraordinary happened. In recent weeks, Rivian shares have surged by more than 40%. It seems…
Key Points President Trump is reportedly considering signing an executive order in the new year to accelerate the development of robots in the U.S. Such a move could boost select robotics stocks over the longer term. Technological advances in robots of various types have sped up, thanks to advances in artificial intelligence, 10 stocks we…
Key Points In November, shareholders approved a pay package of up to roughly $1 trillion for Tesla CEO Elon Musk that is dependent on the company meeting certain benchmarks. The targets are ambitious and some portions regarding robots and robotaxis may not be realistic. These 10 stocks could mint the next wave of millionaires ›…
Key Points Nvidia is bringing its software system and GPUs to Palantir’s Artificial Intelligence Platform. The deal should broaden Palantir’s uses while providing Nvidia with more opportunity beyond selling its products to AI model developers. 10 stocks we like better than Palantir Technologies › Among megacap technology stocks, no other company has benefited from the…
As one of the promising players in the AI landscape, Marvell Technology MRVL is making headlines after exceeding its Q3 expectations on Tuesday evening and announcing the acquisition of private semiconductor startup Celestial AI. Marvell also provided upbeat guidance, with MRVL spiking as much as +9% in Wednesday’s trading session and trading over $100 a share…
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Tesla Inc (Symbol: TSLA), where a total volume of 1.7 million contracts has been traded thus far today, a contract volume which is representative of approximately 165.6 million underlying shares (given that every 1 contract represents 100…
The best performing sector as of midday Wednesday is the Energy sector, up 1.9%. Within that group, APA Corp (Symbol: APA) and EQT Corp (Symbol: EQT) are two large stocks leading the way, showing a gain of 4.6% and 4.4%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR…
Key Points Pure Storage exceeded revenue and earnings guidance for Q3 2026. The stock crashed 26% despite the earnings beat because it was trading at 233 times trailing earnings yesterday. The selloff erased gains from Pure Storage’s previous earnings report, bringing the stock back to more reasonable (though still rich) valuation levels. 10 stocks we…
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares UltraPro S&P 500 (Symbol: UPRO) where we have detected an approximate $237.9 million dollar inflow — that’s a 4.9% increase week over week in outstanding units (from 41,500,000 to 43,550,000). Among the largest underlying…
In recent trading, shares of Apple Inc (Symbol: AAPL) have crossed above the average analyst 12-month target price of $173.88, changing hands for $175.08/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst…