Tesla Stock Keeps Falling. Even Some Bears Think It’s Dropped Enough.

Tesla investors have endured a brutal stretch thanks to, well, everything. The stock, though, may be close to a bottom now. Even Tesla bears are getting more bullish. In a Tuesday research note, Bernstein analyst Toni Sacconaghi called the risk/reward equation in Tesla (ticker: TSLA) stock more balanced at current levels. All analysts and investors, … Read more

XPeng Stock Gets Another Downgrade. It’s Becoming More Controversial Than Tesla.

Shares of pure-play electric vehicle producers can be controversial on Wall Street. High-growth car stocks can be difficult to value when the traditional auto players trade for less than seven or eight times estimated earnings. Shares of Chinese EV maker XPeng (ticker: XPEV) are now one of the most controversial EV stocks, supplanting even Tesla … Read more

Electronic Arts and 4 Other Stocks With the Potential to Rise 10 Times in Price

Barron’s recently published a breakdown of the best sectors to look for stocks that will increase tenfold in price—or ten-baggers—and technology led the way. New research takes that a step further and identifies five companies with potential to produce those returns.

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 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

Stocks Poised to Fall Monday

U.S. stocks are poised for a slightly lower open on Monday ahead of another busy week of earnings and the Federal Reserve’s latest decision on interest rates on Wednesday. At 6:22 p.m. Eastern time Sunday night, Dow Jones Industrial Average futures were down 39 points, or 0.1%, while the S&P 500 futures were down 0.2%, … Read more

DaVita Stock Plummets Most Since 2000 on Outlook Cut

Shares of DaVita  were on pace for their largest drop in more than two decades after the dialysis giant missed earnings expectations and lowered its profit outlook. The company said the third quarter was challenging. Continued pressure from the labor market and the pandemic “impacted our financial performance more than expected,” said CEO Javier Rodriguez.

Chevron Earnings Crush Estimates on Higher Oil and Gas Prices. The Stock Rises.

Chevron stock climbed in premarket trading Friday after the oil and gas giant delivered a big earnings beat in the third quarter. Chevron (ticker: CVX) reported adjusted earnings of $10.8 billion, or $5.56 a share, a 90% increase on the year-ago period but below the $11.4 billion it reported in the second quarter. Operating revenue … Read more

U.S. to provide millions in funding for tidal, river current systems

While there is excitement about the potential of renewable technologies such as tidal power, there are challenges when it comes to scaling up. Laro Pilartes / 500Px | 500Px | Getty Images The U.S. Department of Energy said $35 million in funding would be made available “to advance tidal and river current energy systems” under … Read more

Oil Prices Are Falling Back With Demand Concerns Center Stage

Oil prices dropped Tuesday with worries about future demand stoked by ramped up Covid restrictions in China and the continued strength of the dollar.  Brent crude, the international standard, was down 2.3% to $93.96 a barrel. West Texas Intermediate, the U.S. benchmark, fell 2.5% to $88.85 a barrel.