Author: theparknews

Tesla stock (TSLA) fell on Monday after a strong recent rally, as one Wall Street bank said “animal spirits” were driving up the stock price beyond “fundamental changes” in the company. Joseph Spak of UBS noted that Tesla stock has risen about 40% since the election, adding more than $350 million in market capitalization. While some of President-elect Donald Trump’s policy proposals could benefit Tesla, there are also downsides to the policy that could hurt fundamentals more than the theoretical upside that would have pushed the stock higher. There are several. “The rise in Tesla stock is primarily driven by…

Only 30% of family businesses continue into the second generation. One reason for this is that nearly half of executives who expect to retire within five years have no successor. Used clothing retailer Buffalo Exchange bucked that trend in 2024 when Rebecca Block became CEO. Brock’s parents, Kirstin and Spencer, started the business with a single store in Tucson, Arizona, in 1974, when the used clothing market was still in its infancy. “Over the past 50 years, the whole concept of recycling and used clothing has changed a lot,” Block told Yahoo Finance. “People don’t see second-hand clothing as a…

Nvidia (NVDA) announced its third-quarter results after the bell on Wednesday, showing that the company’s high-performance AI chips will accelerate what CEO Jensen Huang called the “age of AI.” Sales exceeded expectations due to strong sales. Nvidia, the world’s largest publicly traded company by market capitalization, reported earnings per share (EPS) of $0.81 and revenue of $35.1 billion. Analysts had expected EPS of $0.74 and revenue of $33.2 billion. Nvidia also said it expects fourth-quarter revenue to be $37.5 billion, plus or minus 2%. This is slightly higher than Wall Street’s estimate of $37 billion. Nvidia’s stock seesawed Thursday morning,…

Nvidia (NVDA) will release its third quarter earnings after the bell today, giving Wall Street the best and most up-to-date information on the strength of the artificial intelligence industry. Nvidia’s stock price, the world’s largest publicly traded company by market capitalization, continued to soar throughout 2024, thanks to the explosive growth of AI in the technology industry and other sectors. Nvidia’s stock price has risen 192% since the beginning of the year as of Wednesday, easily outperforming the company’s rival chipmakers. Shares of its closest competitor, AMD (AMD), have fallen more than 5% since the beginning of the year, and…

Shares of Super Microcomputer (SMCI) rose more than 30% on Tuesday after the artificial intelligence server maker filed a compliance plan with the SEC a day earlier to avoid delisting from the Nasdaq. The company has partnered with Nvidia (NVDA) to provide high-tech servers powered by its AI chips, and recently signed a major contract to supply those servers to Elon Musk’s xAI, but the company’s compliance plans remain unclear. He said this indicates that the delayed submission of documents is progressing smoothly. The SEC will “update periodic reports within such discretionary period as Nasdaq staff may allow.” Investors filed…

Super Microcomputer Inc. (SMCI) said in a filing with the Securities and Exchange Commission late Monday that it has submitted a compliance plan to avoid delisting from the Nasdaq. The company said its compliance plan is on track to file delayed SEC filings and “update periodic reports within the discretionary period allowed by Nasdaq staff.” He said it shows. Barron’s reported after Friday’s bell, citing people familiar with the matter, that Supermicro would submit a plan to prevent delisting by Monday’s deadline. Supermicro shares soared more than 25% in after-hours trading following the filing late Monday. Shares rose about 16%…

The stock market’s frenetic post-election rally came to a screeching halt last week. For the week, the S&P 500 (^GSPC) fell more than 2% and the Dow Jones Industrial Average (^DJI) fell more than 500 points, or nearly 1.3%. The tech-heavy Nasdaq Composite Index (^IXIC) fell more than 3%. Two solid inflation indicators and commentary from Federal Reserve Chairman Jerome Powell weighed on markets last week, outweighing earlier investor excitement over Mr. Trump’s potential policy agenda. There was a significant increase in uncertainty regarding the path of interest rates. The release of several economic indicators over the coming week is…

Listen and subscribe to Stocks in Translation on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. While stocks have soared since the election, bonds have been caught in a tug-of-war between bulls and bears, with participants in both markets trying to predict the future of the U.S. economy under the incoming Trump administration. At the heart of the matter lies a hotly debated topic that fascinates both Fed economists and Wall Street alike. Like the mythical yeti, there is something that no one has ever seen but everyone acknowledges exists: the neutral rate. Cathy Jones, Schwab’s chief fixed…

Retail sales in October increased from the previous month, reflecting continued resilience among U.S. consumers. Retail sales rose 0.4% in October. Economists had expected spending to rise 0.3%, according to Bloomberg data. Meanwhile, retail sales for September were revised upward to 0.8% from a previously reported 0.4% increase in the same month, according to Census Bureau data. Most of October’s growth was driven by auto sales, where sales rose 1.6%. Excluding automobiles and gasoline, sales in October rose just 0.1%, below the consensus estimate of 0.3% growth. The control group in Tuesday’s release, which excludes some volatile categories and factored…

Disney stock (DIS) rose Thursday after the company reported fiscal fourth-quarter earnings per share and revenue that beat Wall Street expectations and its direct-to-consumer business built on recent momentum to return to profitability. It skyrocketed. A strong outlook for the next two years also fueled investor optimism, with shares rising more than 10% in early trading following the results. The stock price closed at about 6%, excluding gains. The media and experience giant reported fourth-quarter adjusted earnings per share of $1.14, which beat analysts’ estimates of $1.10 compiled by Bloomberg and what Disney reported in the year-ago period. It exceeded…