Netflix (NFLX) shares have been on a tear over the last six months of the year. But investors will have plenty to worry for the company in 2023, according to one Wall Street analyst. Needham’s Laura Martin argued in a new client note on Thursday the stock will battle several headwinds in the new year…
Investors in Apple have had an un-Apple-like year, but at least one analyst thinks that will change in 2023. The tech giant’s stock has dropped 25% in 2022, lagging the S&P 500’s 19% drop. The decline comes despite Apple often being viewed as a safe-haven investment, as it boasts a formidable balance sheet flush with…
The Hummer EV is an earthmoving, behemoth of a pickup that is everything most EV buyers are not trying to be – brash, in your face, and intimidating. But when they hear it’s electric, their ears sort of perk up. The Hummer EV, in Edition 1 trim as tested, is a fully loaded version of…
Will 2023 bring a new bull market? For investors, 2022 came in with a bang, but it’s set to end with a whimper. With just two weeks left to go in the year, the S&P 500 is down 20% year to date, while the Nasdaq has lost 32%. Investors holding out for a Santa Claus…
Apple (AAPL) – were active in pre-market trading Tuesday following a price target cut from analysts at JPMorgan and a muted holiday sales outlook. JPMorgan analyst Samik Chatterjee clipped $10 from his Apple price target, taking it to $190 per share, while maintaining an ‘overweight’ rating on the stock heading into the final days of…
To borrow from Britain’s Queen Elizabeth, 2022 is not a year on which the cryptocurrency world shall look back with undiluted pleasure. Crashes, contagion, collapses came in such quick succession that investors were, towards the end of the year, asking serious existential questions. After all, the largest cryptocurrency, bitcoin, has not kept its head above…
Lucid LCID –1.90% stock is rising in late trading Monday after the company said it has raised a substantial sum of money. Monday evening, the EV startup announced it has taken in, or is about to take in, more than $1.5 billion in a couple of separate stock sales. Lucid (LCID) sold about 56.2 million…
General Motors (GM) CEO Mary Barra has never been shy about her ambition to overtake Tesla’s (TSLA) sales in an aim to become the global electric vehicle (EV) leader. And with the advantage of having nearly 90% of the U.S. population within 10 miles of a GM dealership, a stat often cited by the company,…
Amazon (AMZN) has begun rolling out a short-form video and photo feed in its app. Though the feature, called Inspire, immediately drew comparisons to TikTok, Oliver Messenger, director of Amazon Shopping, told that it wasn’t TikTok’s success that encouraged the company to build Inspire – it was customer feedback. “We spend a lot of time…
Europe-based renewable energy investor Glennmont Partners plans to enter the U.S. renewables market for the first time via a joint venture with solar developer GreenGo Energy US to develop over 1 gigawatt of solar and storage projects. Glennmont and GreenGo Energy US, a subsidiary of GreenGo Energy Group, will develop both combined and stand-alone solar…