Streetbeat News

Stock Prices

TSLA

Tesla, Inc.'s (NASDAQ:TSLA) Cybertruck is generating significant buzz ahead of its launch on Nov. 30, with fans queuing up at showrooms to see the vehicle. Elon Musk reacted positively to the enthusiasm. Analysts are divided on the impact of the Cybertruck, with some seeing a 'halo effect' on Tesla's lineup and others concerned about capacity and advising against the launch due to a growth slowdown. Over 2 million reservations have been made, but final order numbers are uncertain. TSLA stock closed up 0.53% on Friday.

Portfolio Pulse from Shanthi Rexaline

November 26, 2023 | 2:11 pm

TSLA

Elon Musk's concept of a Tesla Supercharger station combined with a diner and drive-in theater is taking shape in Los Angeles. The project, first teased in 2018, includes 28 Supercharger stalls and dual movie screens, offering entertainment and dining while customers charge their Teslas. The design aims to enhance the EV charging experience and may contribute to increased EV adoption. Tesla's Supercharger network is the largest in North America and is opening some chargers to non-Tesla EVs.

Portfolio Pulse from Bibhu Pattnaik

November 26, 2023 | 1:59 pm

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), claims the upcoming Cybertruck will be bulletproof, featuring ultra-hard 30X cold-rolled stainless-steel body panels and 'armor glass' windows. However, the bulletproof effectiveness of these materials is unproven, with the armor glass failing in initial demonstrations. Tesla has patented a unique glass composition and offers an optional 'beast mode' for bulletproof windows. Despite Musk's demonstrations of the truck's resilience, experts are skeptical about its ability to withstand higher caliber bullets. Tesla aims to start Cybertruck deliveries by November 30 but faces production challenges due to the truck's unique design.

Portfolio Pulse from Nabaparna Bhattacharya

November 25, 2023 | 8:20 pm

HOUS

RDFN

RMAX

Experts predict a decline in home prices due to a significant slowdown in housing activity, influenced by the Federal Reserve's anti-inflation measures leading to high mortgage rates. Mark Zandi of Moody's and Glenn Kelman of Redfin foresee a potential drop in prices, with Zandi not expecting a market recovery until 2025 or 2026. Kelman notes an increase in housing inventory and price adjustments, suggesting a possible spur in sales. ETFs like iShares U.S. Real Estate ETF and Vanguard Real Estate ETF, and stocks such as Zillow Group, Inc (Z), Redfin Corporation (RDFN), Anywhere Real Estate Inc. (HOUS), and RE/MAX Holdings, Inc. (RMAX) offer investment opportunities in the real estate sector.

Portfolio Pulse from Bibhu Pattnaik

November 25, 2023 | 7:57 pm

AAPL

XIACF

Global smartphone sales increased by 5% year-on-year in October, ending a 27-month decline, largely due to the release of Apple Inc.'s iPhone 15 and Huawei's Mate 60 Pro. Emerging markets contributed to the growth, while developed markets saw slower recovery. Samsung leads the market share, followed by Apple and Chinese brands Xiaomi, Oppo, and Vivo. The positive sales trend suggests a potential recovery in the smartphone market.

Portfolio Pulse from Nabaparna Bhattacharya

November 25, 2023 | 6:08 pm

AAPL

ABNB

AMZN

DIS

MSFT

ORCL

WBD

Elon Musk's social media platform X is facing a potential loss of $75 million in ad revenue due to his support for an antisemitic post. Major advertisers like Disney and Warner Bros Discovery have paused their campaigns, and over 200 ad units from companies including Airbnb, Amazon, Coca-Cola, and Microsoft are reevaluating their strategies on X. The platform has seen a drop in U.S. ad revenue by at least 55% year-over-year each month since Musk's takeover. X has also filed a lawsuit against Media Matters for defamation.

Portfolio Pulse from Bibhu Pattnaik

November 25, 2023 | 4:51 pm

TSLA

Tesla Inc. (TSLA) and Toyota Motor Corporation (TM) are competing in the automotive market, with Tesla focusing on electric vehicles (EVs) and Toyota on hybrids. Tesla aims to overtake Toyota by 2030, but faces slowing EV sales growth in the U.S. while hybrids gain popularity. Toyota's hybrid sales have increased by 20% this year, and the company plans to make the next-generation Camry exclusively hybrid. TSLA shares closed up 0.53% at $235.45, rising to $235.70 after hours. TM shares closed up 2.21% at $188.30 after hours.

Portfolio Pulse from Nabaparna Bhattacharya

November 25, 2023 | 4:27 pm

AAPL

AMZN

NFLX

NVDA

Wall Street saw gains with the Dow Jones, S&P 500, and Nasdaq Composite all rising. The Federal Reserve's minutes indicated no rate hikes for December and potential rate cuts by 2024. S&P Global PMI showed stability in U.S. private sector activity. Bullish views were presented for Amazon (AMZN) and Nvidia (NVDA), with predictions of growth driven by AI. A crypto analyst predicted a significant rally for Dogecoin (DOGE). Bearish news included General Motors (GM) cutting Super Bowl ad spending, potential lawsuits against Netflix (NFLX) for on-set injuries, and a class action lawsuit against Apple (AAPL) for peer-to-peer payment fees.

Portfolio Pulse from Michael Cohen

November 25, 2023 | 3:05 pm

FSR

KARS

NIO

RIVN

TSLA

Electric vehicle stocks had mixed results with Tesla and Chinese EV companies ending positively. Tesla faced a strike in Sweden and is preparing for the Cybertruck launch. Rivian's CEO RJ Scaringe is taking on more product development roles. Fisker's stock rallied despite a disappointing quarterly report. Nio's executive refuted rumors of the company's collapse. GM's Cruise is planning a cautious robotaxi relaunch. The KraneShares Electric Vehicles ETF saw a slight weekly decline.

Portfolio Pulse from Shanthi Rexaline

November 25, 2023 | 2:34 pm

QQQ

SPY

Investors have poured $40 billion into equities in the past two weeks, driving the S&P 500 to its best November performance since 1980. The S&P 500 has risen 8.7% in November, and the SPDR S&P 500 ETF Trust (SPY) has returned 18% YTD. The Invesco QQQ Trust (QQQ) has surged 45% YTD. Despite the strong performance, Bank of America's 'Bull & Bear Indicator' has exited the 'Buy' zone, signaling potential shifts in market sentiment.

Portfolio Pulse from Piero Cingari

November 25, 2023 | 2:08 pm