Stocks Are Clawing Their Way Back. Consider These Moves for 2023.

Stocks Are Clawing Their Way Back. Consider These Moves for 2023.

GM Has a New Business: Fixing Tesla EVs.

General Motors said something surprising at its investor day in New York City on Thursday. Fixing Teslas is a growing business for the 114 year-old auto maker. That’s right. GM (ticker: GM) dealers are fixing Teslas. Since 2021, GM dealers have fixed more than 11,000 electric vehicles from Tesla (TSLA), according to GM President Mark … Read more

Stocks Surged on an Inflation Reading. But the Bear Market Isn’t Over.

Investors finally got the inflation reading they were looking for, and are likely to get a split government for the next two years. That combination propelled stocks to their best weekly showing since June. On Friday, the S&P 500 even briefly crossed the 4,000 threshold, a level it hadn’t breached in two months. The S&P … Read more

FTX collapse nothing like Theranos, says Tim Draper

Tim Draper, founder and managing partner of Draper Associates and Draper University, balked at comparing the stunning implosion of crypto trading platform FTX to the notorious biotech startup Theranos, in a conversation with MarketWatch. “It’s not like Theranos,” he said. In a Friday phone interview, Draper said he hadn’t been aware of anyone genuinely comparing … Read more

Investors may be whistling past the graveyard of a recession with latest rally in stocks

Investors feeling giddy about last week’s sharp rally for stocks might want to give a listen to Tom Waits’ song, “Whistlin’ Past the Graveyard” from 1978, to sober up for the dangers that still lurk ahead. The surge in stocks catapulted the S&P 500 index SPX, +0.92% almost back to the 4,000 mark on Friday, … Read more

Stocks Rallied Dramatically. It’s Still a Bear Market

This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. Bear-Market Rallies Technical Strategy BTIGNov. 11: Thursday was another day for the record books. The S&P 500 had its first daily gain of more than 5% since 2020, and its biggest outperformance vs. the Dow … Read more

Elon Musk Sold $4 Billion More Worth of Tesla Stock. The Timing Is Odd.

Investors were waiting for stock sales from Tesla CEO Elon Musk, guessing he needed to sell more shares to finish his Twitter purchase. He sold more stock, but it happened after the Twitter deal closed. Musk disclosed the sale of 19.5 million shares of Tesla (ticker: TSLA), or about $3.95 billion of it, in 38 … Read more

Nikola Stock Is Rising. The Company Is Making More Trucks.

Stock in the electric and hydrogen truck-technology firm Nikola is rising after the company reported better-than-expected third-quarter sales. The company is ramping up production—a good sign for any EV startup. Wednesday, Nikola (ticker: NKLA) reported $24.2 million in sales, while Wall Street was expecting $22.7 million. The company didn’t have revenue in the third quarter … Read more

The Dow soars, Big Tech tumbles: What’s next for stocks as investors await Fed guidance

The past week offered a tale of two markets, with gains for the Dow Jones Industrial Average putting the blue-chip gauge on track for its best October on record while Big Tech heavyweights suffered a shellacking that had market veterans recalling the dot-com bust in the early 2000s. “You have a tug of war,” said … Read more

Ford Stock Is Falling. It Trimmed Guidance, Wrote Off Self-Driving Investment.

Ford Motor earnings met reduced expectations, but guidance was trimmed just a little. It was enough, though, to send Ford stock lower in after-hours trading Wednesday. Ford (ticker: F) reported a third-quarter operating profit of $1.8 billion from $$39.4 billion in sales.