AMD Stock: A Top Pick for 2023

Despite the difficult backdrop offered by 2H22 and reflected in PC inventory digestion, Advanced Micro Devices () has navigated the rough terrain rather well. Ahead of the chip giant’s fiscal fourth quarter (Jan 31), Mizuho analyst Vijay Rakesh reckons the full-year 2022 results should show 43% year-over-year growth, boosted by a strong showing from data … Read more

Shopify Stock Is up Over 40% This Year. How Much Higher Can It Go?

2023 is so far providing a platform for turnaround stories. Shopify () appears to be one such name benefiting from a change in sentiment; the shares are already up by 44% year-to-date, with 24% of those gains delivered in this week’s trading. Investors were evidently happy with the e-commerce giant’s latest move, with the surge … Read more

Lucid stock soars amid Saudi buyout speculation

Lucid () shares soared as much as 88% on Friday and were repeatedly halted for volatility following speculation that Saudi Arabia’s Public Investment Fund (PIF) is considering buying a remaining stake in the luxury electric vehicle startup. The spike came afterShares closed 43% higher, their biggest one day gain on record. The stock’s parabolic move … Read more

Tesla, ARKK rally as 2021 energy returns to 2023 stock market

A market rally on Friday accentuated by rips higher in some battered and bruised technology stocks that faltered last year are making this year’s price action look a lot like 2021’s rally. Beaten-down names including Tesla (), Carvana (), and Coinbase () were each up more than 10% on Friday. Cathie Wood’s ARK Innovation () … Read more

Tesla has rebounded over 50% from its lows in just one month. Here’s why the stock is flying high

Something unusual happened when markets finally started trading shares following the release of quarterly results after the bell on Wednesday. Typically, the stock sells off on good news as investors take profits on bets placed leading up to earnings. This time it actually soared, seeing double-digit percentage gains in yesterday’s session. All told, Tesla has … Read more

Stock market news live updates: Stock futures fall after inflation gauge shows signs of easing

U.S. stock futures moved lower ahead of the open Friday as investors digest fresh data that shows consumer spending rose at a slower pace in December, a closely watched measure by the Federal Reserve. Futures tied to the S&P 500 () down 0.3%, while futures on the Dow Jones Industrial Average () were flat. Contracts … Read more

Tesla stock: Here’s Goldman’s ‘most important takeaway’ from Musk’s earnings call

Goldman Sachs sees one heck of an electrified move in () over the next twelve months. Analyst Mark Delaney, who maintained a Buy rating and $200 price target on the stock, reiterated his case in a note following Tesla’s earnings on Wednesday. The price target assumes about a 25% upside from the stock’s current levels. … Read more

Tesla stock: Here’s Goldman’s ‘most important takeaway’ from Musk’s earnings call

Goldman Sachs sees one heck of an electrified move in () over the next twelve months. Analyst Mark Delaney, who maintained a Buy rating and $200 price target on the stock, reiterated his case in a note following Tesla’s earnings on Wednesday. The price target assumes about a 25% upside from the stock’s current levels. … Read more

Shopify Subscription Price Hike Is Another Tailwind For Stock, Analyst Says

Citi analyst Tyler Radke views Shopify Inc’s (NYSE: ) price increases for its core monthly subscription plans as incrementally positive for the company’s 2023 outlook. The company announced an average ~33% increase for its Basic, Shopify, and Advanced plans from current . The analyst conducted a scenario analysis below to show the potential incremental benefits to revenue from the … Read more