Stellantis NV STLA’s struggles in 2024 have been nothing short of profound. The company’s stock has plummeted 47% year to date, nearly halving its market value amid a confluence of negative factors, now further compounded by the departure of the CEO Carlos Tavares. Tavares’ unexpected resignation came more than a year ahead of his planned…
U.S. stock futures advanced on Friday after a day’s break for Thanksgiving as investors look to end November on a high note. The dollar slipped below the 106 mark in the hope of more measured tariffs. U.S. markets will close at 1 p.m. ET on Friday during the truncated week. Futures for the three major…
In a shortened trading week for the Thanksgiving holiday, President-elect Donald Trump sent shockwaves through the markets by announcing plans to impose a 25% tariff on all imports from Mexico and Canada alongside a 10% hike on Chinese goods. These measures, he indicated, aim to pressure these countries to address drug trafficking and illegal immigration….
Morgan Stanley is raising red flags about U.S. equity markets heading into 2025. Sky-high valuations could set the stage for a turbulent year, according to Mike Wilson, the bank’s chief U.S. equity strategist. The S&P 500 is “extremely expensive” and investors should brace for lower multiples and more challenging conditions after 2024’s rally, he says…
The S&P 500 index is wrapping up a historic two-year run of consecutive over 20% gains, a feat achieved only four times in the past 150 years. Yet, Michael Hartnett, chief investment strategist at Bank of America, says the party may not last forever. According to Hartnett’s latest Flow Show report, published Friday, the U.S….
Despite widespread anticipation that NVIDIA Corp. NVDA‘s quarterly results would dictate Wall Street’s year-end trajectory, the stock market delivered a robust weekly rebound — even in the absence of its AI darling. While the semiconductor titan beat analyst expectations on both earnings and revenue for the third quarter, Nvidia’s stock remained flat for the week….
U.S. stocks could open on a negative note on Tuesday after the averages maintained a cautious stance last week. Futures of all three major indices were slightly down on Tuesday, pointing to a cautious sentiment on Wall Street. Economic data and Federal Reserve chair Jerome Powell’s comments about the future of rate cuts dampened the…
Investors and speculators are gearing up for Nvidia Corp.‘s NVDA earnings report on Wednesday, an event that’s expected to send ripples, if not tidal waves, across the U.S. stock market. If the options market is right, Nvidia’s results could spark moves in the S&P 500 index – as tracked by the SPDR S&P 500 ETF…
Lucid Group Inc. LCID is betting big on its upcoming Gravity SUV to capture a broader slice of the electric vehicle (EV) market, but it’s a cautious play for investors. Needham’s Chris Pierce reaffirmed a Hold rating on LCID stock, highlighting promising delivery gains while flagging concerns over long-term profitability and further dilution risks. Chart…
Wedbush analyst Dan Ives is out with an early reaction to Palantir Technologies Inc.’s PLTR “eye-popping” results, featuring beats across the board. What To Know: Palantir, which Ives calls “The Messi of AI,” beat analyst estimates on the top and bottom lines when it reported third-quarter financial results after the market close on Monday. Total…